Business Irish

Sunday 22 October 2017

Tesco jobs boost with 7 new stores

Sarah McCabe

Sarah McCabe

TESCO is opening seven new stores and six mobile-phone operations, creating 200 jobs.

Five of the seven stores will be convenience outlets. Four are planned for Dublin – with one based in the capital's historic College Green area – and the fifth will be located in Cork.

Another two larger stores will also be opened in Dun Laoghaire and Dundalk, employing 120 of the 200 new jobs. Construction work on these stores is already under way.

The move is further proof of the growing emphasis placed on convenience stores by major supermarket brands. These outlets target urban consumers who shop little and often.

The chain is also fighting a fierce battle against budget food retailers Aldi and Lidl, whose market share is consistently rising, while online grocery sales are similarly challenging its model.

In addition to the new stores, Tesco is opening six mobile- phone units within existing stores. These will create 14 of the 200 jobs.

The company's Tesco Mobile offering has grown its market share from 3.5pc to 4.3pc in the last year.

Though profits slumped at Tesco Mobile last year due to administrative expenses, sales are rising consistently.

The company also announced it is doubling its graduate programme. It will recruit 18 graduates for management training programmes this year.

Irish Independent

Also in Business