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British network totally rates despite record sales. Trust in retail is declining.

Brytyjska sieć tnie etaty mimo rekordowej sprzedaży. Spada zaufanie do handlu detalicznego

The largest British supermarket chain Tesco intends to reduce about 400 years in its stores and centers, pursuing to save and increase efficiency, which will allow further investment in the growth of the company.

The Tesco decision inscribes in a wider market trend – competitive chain Sainsbury’s announced in last week plans to reduce over

3 000 places of work.

Grand opening of new

shopping center after Tesco

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The great

opening of the new shopping center after Tesco

Growth costs hits in British companies. Big layoffs at Tesco

British companies, especially those employing large numbers of employees, are struggling this year with increasing costs of running their business. Influence on this has been the budget law of the new Government of the Labor Party, which in October raised the contribution to social insurance for employers and the minimum wage.

“We have started discussions with employees on the topic of planned changes in shops and centers. These concern include. changes to the model of pantry functioning in some stores and restructuring management in Tesco Mobile” – informed the chain Tesco.

In total these changes will cause the elimination of about 400 stations. The company has indicated however, that it will attempt to find alternative employment for employees, stating, that it currently has about 1 000 facilities in different areas of operation.

In early January Tesco reported projections on annual profit, reporting an increase in sales in Great Britain of 4.1% in the key Christmas period. Thanks to this the network has gained a larger share in the market, ahead of the competition.

Under Director General Ken Murphy the company has benefited from activities to improve quality and value of products, increase innovation and improve service to customers.

Uncertainty in the retail market. Investors unfriendly

Despite good performance, analysts are paying attention to uncertain situation in the industry. Platform investment AJ Bell warnedthismonth,thatinvestorshavelostconfidenceinthesectorretail.Indicatesthisfact,thatthesharesof11of20Britishtradingcompaniesfellafterthepublicationofsalesresultsintheholiday period.

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