Empowering People with Practical Financial Knowledge
28th of September 2020
Home > Blog > Blog > Tesco to close 43 stores despite better Christmas sales

The beleaguered supermarket Tesco has said it will close 43 unprofitable stores across the UKof which will be local convenience shops. The firm is also shelving plans to open a further 49 new “very large” stores. Additionally, Tesco is closing its staff pension scheme, will make cuts of £250m, and reduce overheads by 30%.