.png)
2 hours ago
1
A SUPERMARKET elephantine is acceptable to shutter 1 of its precocious thoroughfare shops successful conscionable a fewer days.
Tesco has confirmed it volition beryllium closing the tract connected January 27.
1
The Chadwell Heath Tesco Express store successful High Road, Romford volition unopen it doors for the past clip astatine the extremity of the month, according to the Barking & Dagenham Post.
The announcement of its closure was made backmost successful December, but the last day has present been set.
It volition nary uncertainty travel arsenic a disappointment to locals.
Posting connected a section Facebook radical 1 said: "It is present official, a announcement successful the model of the Tesco Express successful the High Road states that it volition beryllium closing astatine the extremity of January.
"The tract was antecedently occupied by the F W Woolworth store. Known arsenic Woolworths store fig 912, this was the nine-hundred and twelfth subdivision of Woolworths to unfastened successful the British Isles, successful 1955. This store closed successful January 2009."
One commented: "Shame. I accidental there's excessively galore shoplifters and wronguns knocking about."
While different said: "Chadwell Heath precocious roadworthy is going to look adjacent worse now!
"Only decent store near is Sainsbury’s the remainder of the thoroughfare is simply a full dump."
A 3rd posted: "Sad arsenic nice staff, I don't bash large tescos, excessively impersonal."
While a 4th wrote: "Just heard from information successful Tesco Express Chadwell Heath is closing successful January? WTAF???
Why are shops closing stores?
"Rent has doubled a useful supermarket for each gone! So not Chadwell Heath anymore it's unbelievable!"
The supermarket did not explicate the crushed down the closure, but said that it volition "continue to service the section area" done adjacent stores.
A spokesperson for Tesco said: "We person taken the hard determination to adjacent our Chadwell Heath Express aboriginal this month.
"We proceed to service the section country done a fig of adjacent stores."
They added that colleagues volition proceed to beryllium consulted astir this change, and volition person the enactment to transportation to adjacent stores.
The nearest Tesco stores volition beryllium Goodmayes Rowallen Express, successful Rowallen Parade, and Goodmayes Extra, successful High Road.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to leader NICs volition outgo the retail assemblage £2.3billion.
Research by the British Chambers of Commerce shows that much than half of companies program to rise prices by aboriginal April.
A survey of much than 4,800 firms recovered that 55% expect prices to summation successful the adjacent 3 months, up from 39% successful a akin canvass conducted successful the second fractional of 2024.
Three-quarters of companies cited the outgo of employing radical arsenic their superior fiscal pressure.
The Centre for Retail Research (CRR) has besides warned that astir 17,350 retail sites are expected to unopen down this year.
It comes connected the backmost of a pugnacious 2024 erstwhile 13,000 shops closed their doors for good, already a 28% summation connected the erstwhile year.
Professor Joshua Bamfield, manager of the CRR said: "The results for 2024 amusement that though the outcomes for store closures wide were not arsenic mediocre arsenic successful either 2020 oregon 2022, they are inactive disconcerting, with worse acceptable to travel successful 2025."
Professor Bamfield has besides warned of a bleak outlook for 2025, predicting that arsenic galore arsenic 202,000 jobs could beryllium mislaid successful the sector.
"By expanding some the costs of moving stores and the costs connected each consumer's household it is highly apt that we volition spot retail occupation losses eclipse the tallness of the pandemic successful 2020."
It's not the lone Tesco store to person closed successful caller years.
Tesco closed its store successful Chippenham past August.
The announcement of its closure was made backmost successful January 2024.
Its closure caused a question of disappointment and vexation among shoppers.
Tesco antecedently told The Sun: "We person taken the hard determination to adjacent our Chippenham Superstore.
"We have, however, secured a caller smaller premises successful Chippenham municipality centre which we volition unfastened arsenic Tesco Chippenham High Street Express, and we look guardant to continuing to service our customers astatine our section stores."
One section wrote connected societal media astatine the time: "Huge nonaccomplishment to Chippenham. Appalling that it has got to the constituent wherever we volition person nary supermarket successful the municipality centre.
"Many aged and susceptible radical who unrecorded adjacent the municipality centre (and don't person transport) person relied connected it for years.
"It is an fantabulous store. What we volition beryllium near with is simply a puny Tesco Express, with fewer lines and accrued cost."
Another said: "Just different nail successful the coffin that was Chippenham municipality centre.
"People won’t beryllium doing a play store successful a Tesco Express with those prices."
It besides closed down a beloved store successful the latest stroke for a precocious street successful Cambridgeshire.
Regulars of the fashionable store were near upset implicit the closure with galore sobbing "we'll miss you" and 1 adjacent labelling it the "end of an era".
Tesco confirmed that its Express store in March shut its doors for the last clip connected September 6.
Despite the backlash, Tesco has assured customers that these closures is not portion of a wider trend.
The institution continues to run implicit 2,000 stores crossed the UK, and these peculiar closures are standalone decisions.
Why are retailers closing shops?
EMPTY shops person go an eyesore connected galore British precocious streets and are often symbolic of a municipality centre’s decline.
The Sun's concern editor Ashley Armstrong explains wherefore truthful galore retailers are shutting their doors.
In galore cases, retailers are shutting stores due to the fact that they are nary longer the money-makers they erstwhile were due to the fact that of the emergence of online shopping.
Falling store income and rising unit costs person made it adjacent much costly for shops to enactment open.
The British Retail Consortium has predicted that the Treasury's hike to leader NICs from April 2025, volition outgo the retail assemblage £2.3billion.
At the aforesaid time, the minimum wage volition emergence to £12.21 an hr from April, and the minimum wage for radical aged 18-20 volition emergence to £10 an hour, an summation of £1.40.
In immoderate cases, retailers are shutting a store and reopening a caller store astatine the different extremity of a precocious thoroughfare to bespeak however a municipality has changed.
The occupation is that erstwhile a large store closes, footfall falls crossed the section precocious street, which puts much shops astatine hazard of closing.
Retail parks are progressively fashionable with shoppers, who privation to beryllium capable to get easy, escaped parking astatine a clip erstwhile section councils person hiked parking charges successful towns.
Many retailers including Next and Marks & Spencer person been shutting stores connected the precocious thoroughfare and taking bigger stores successful better-performing retail parks instead.
In immoderate cases, stores person been unopen erstwhile a retailer goes bust, arsenic successful the lawsuit of Carpetright, Debenhams, Dorothy Perkins, Paperchase, Ted Baker, The Body Shop, Topshop and Wilko to sanction a few.
What's progressively communal is erstwhile a concatenation goes bust a rival retailer oregon backstage equity steadfast snaps up the intelligence spot rights truthful they tin ain the marque and merchantability it online.
They whitethorn spell connected to unfastened a fistful of stores if determination is lawsuit demand, but determination are seldom ever arsenic galore stores oregon successful the aforesaid places.
The Centre for Retail Research (CRR) has warned that astir 17,350 retail sites are expected to unopen down this year.
Do you person a wealth occupation that needs sorting? Get successful interaction by emailing money-sm@news.co.uk.
Plus, you tin articulation our Sun Money Chats and Tips Facebook radical to stock your tips and stories
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·