Jan 31, 2022
Tesco to shut down its Jack's discount stores
Tesco has said it will close down seven of its Jack's stores, while the remaining six branches will be converted into Tesco superstores. Jason Tarry, chief executive of Tesco UK and Ireland, said: "We have learnt a huge amount from Jack's and this has helped Tesco become more competitive, more efficient and strengthened our value proposition, including through the launch of Aldi price match." Chief executive Dave Lewis claimed that Jack's - named after Tesco founder Sir Jack Cohen - would be cheaper than Aldi or Lidl.Jack's stores sold 2,600 products - far fewer than the 35,000 carried by a Tesco supermarket - with 1,800 branded "Jack's". In the first six months after the launch, Tesco had planned between 10 and 15 Jack's stores for new locations, next to existing Tesco stores, and a small number of converted Tesco stores but a total of 13 were built. Staff working on the meat, fish and hot deli counters listed for closure in 317 of Tesco's stores will also be offered different roles.
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