Tesco set to release half year figures after launch of budget version Jack's
Jack’s, launched just weeks ago, aims to take on German discounters Aldi and Lidl, which have eaten into the market share of Britain’s so-called “big four” supermarkets.
Tesco plans to open up to 15 Jack’s branches over the next year, and the City will be keen to hear how the first two stores in Chatteris, Cambridgeshire, and Immingham, north-east Lincolnshire, have been trading.
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Hide Ad“There has much speculation regarding the group’s plans for its new discount outlet, Jack’s, and how many stores it will close or convert,” said Graham Spooner, investment research analyst at The Share Centre.
Mr Lewis said when Jack’s launched that prices will be “the cheapest in town” at each location.