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Tesco believed to be opening discount chain

Tesco Silverburn 725 x 500

Tesco is understood to be launching a new store format to compete with discounters such as Aldi and Lidl.

The retailer has recently trademarked the name Jack’s – a nod to Tesco founder Jack Cohen – and it has been advertising for various roles at a ‘new store format’, according to an article in last weekend's Telegraph.

It states that some 30-60 stores are expected to open by September, some of which will be converted from Tesco’s current branches.

Carrefour and Tesco today confirmed that their long-term, strategic alliance has formally begun and will become operational in October.

More information will follow.

Source : Insight DIY Team

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06 August 2018

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