Ouch. Tesco closes remaining homeware stores

Closure of six Homeplus stores will see the loss of 450 jobs

It’s just one thing after another for Tesco. The troubled supermarket has been regularly making headlines for more than a year and today is no different.

The supermarket has announced it is winding down all six remaining Homeplus stores at a cost of 450 jobs.

Homeplus sold clothing, electrical goods and furniture and has stores in Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston, which will all close next month.

Tesco said: “We’ve taken the difficult decision to close our remaining six Homeplus stores. Our priority is now to explain what this announcement means for our colleagues and wherever possible, offer them alternative roles with Tesco.”

The retailer has been implementing dramatic cost-cutting measures after its poor annual results. In the year to February, Tesco made a £6.4bn loss – the biggest in its history.

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Readers' comments (1)

  • It seems that when they were on the up - all politicians wanted to be the ones that got their boroughs this great deal, and now its those same ones who are screaming the loudest! - well I guess that's politicians huh?
    Tesco's has really hurt a lot of people nationwide, workers, suppliers and in many cases consumers as well just to get to be bigger at the expense of others, they really need to get their act together now - what they need is support and they need this badly - just hope that they realise this
    Michelle
    http://excellentprinting.co.uk/

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