Jul 23, 2018

Tesco plans for mystery new-format stores

Tesco is planning to open a number of stores in a mystery new format. The store chain, the country's biggest food retailer, would not comment, but there are strong hints the new-look stores will be aimed at challenging discounters, such as Aldi and Lidl. Reports suggest it could be called Jack's, after Tesco founder Jack Cohen. This came after Tesco took over the wholesale giant, Booker. Last year, Tesco - which employs 440,000 people - reported profits of £1.3bn with sales of £57.5bn..

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