Changes in shoppers’ behaviour is leading retailers to close scores of stores, mothball newly built locations and not pursue the development of planned sites.
Last month Tesco announced that it would close 43 unprofitable stores. In total, 18 Express, 12 Metro, seven superstores and six Homeplus stores are shutting their doors.
Tesco chief executive Dave Lewis said the decision to close the stores was "exceptionally difficult". "Our priority is to explain what this announcement means for...
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