Tesco is to cut around 4,500 staff in the latest round of retail redundancies. The majority of the jobs will be cut from 153 mid-size Metro stores and the smaller Express chain of shops and the larger superstores.
Footfall has been lower than hoped. Tesco wants to overhaul its Metro stores. The Metro format was originally designed for larger, weekly shops. Today people are shopping more often and buying less.
Tesco - Britain's biggest private-sector employer with more than 300,000 staff. Tescos have said it was changing the way it stocked stores, with more products going directly to the shop floor and fewer being held in the back.
Retail has been slowing down. People do not have the disposable income available.
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