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Sports Direct in talks over taking Tesco stores

Sports Direct is in talks with Tesco over taking space in some of the supermarket’s largest stores.

Mike Ashley’s Sports Direct has already taken a store within a hypermarket in the Czech Republic which Tesco downsized from 80,000 sq ft to 50,000 sq ft.

The parties are now discussing potentially installing Sports Direct into mezzanine floors in three of Tesco’s largest UK stores, the Financial Times reported.

Tesco chief executive Philip Clarke has admitted the grocer has too much space in its largest stores with the migration of sales in a number of non-food categories moving online.

Sports Direct already has agreements whereby Tesco is its landlord in several developments. The sporting goods retailer could also look for other opportunities to sit alongside Tesco in the UK and internationally.

Yesterday it emerged that Sports Direct was mulling the former HMV flagship on Oxford Street - a 58,000 sq ft space. Currently it occupies a 17,000 sq ft space, but Drapers understands this is set to be turned into a USC store - its first in London.

 

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