Tesco Readies New Discount Stores to Take on Lidl and Aldi
- Company set to open discount outlets in two dormant sites
- Rise of the discounters has slashed Tesco’s profitability
Photographer: Simon Dawson/Bloomberg
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Tesco Plc is readying a new chain of discount stores in the company’s most direct offensive on Aldi and Lidl to date.
The U.K.’s largest retailer is recruiting for staff to work in the new store format at sites in Immingham in northeast England and in Chatteris, about 80 miles north of London, according to postings on the LinkedIn social network. Tesco acquired both sites before Chief Executive Officer Dave Lewis took over in 2014 and they have been dormant since.