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Tesco To Take On The Department Stores

Tesco To Take On The Department Stores

By Piers Fawkes on January 22, 2008

A leaked internal document suggests that Tesco is looking to build town-center retail stores that will take on the department stores. The British stores will sell food, televisions, clothing, homewares and toys over two or three floors.

Tesco currently owns 29m sq ft and gobbles up £1 of every £7 spent in the UK’s shops.

FT.com / Companies / Retailing & leisure – Tesco plans high street outlets to take on department store chains

Recent Articles By Piers Fawkes

Piers Fawkes is the founder and editor-in-chief of PSFK, a daily news site that acts as the go-to source of new ideas and inspiration.

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