Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Tesco abandons 62 store developments

Tesco has abandoned 62 sites across the UK over the last five years, three times as many as the other three big supermarkets put together.

According to figures compiled by Barbour ABI for The Telegraph, the retailer tried to cut costs by scrapping plans for 62 developments, more than the 49 sites chief executive Dave Lewis said he was going to stop in January.

In the same period, Sainsbury’s abandoned 13 supermarket sites, Morrisons four and Asda two – a total of 19.

Michael Dall, economist at ABI, told the newspaper: “It is indicative of the wider issues within Tesco that they are retrenching from some of their expansion plans. The big four have an advantage because of their size already, but as they shelve stores it provides an opportunity for Aldi and Lidl to move into new areas while they concentrate on other parts of the business.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.