Tesco is launching a new budget chain to rival Aldi and Lidl and it ‘could launch as early as September’

TESCO is hiring staff for new stores thought to be a spin off discount chain of the supermarket.

The grocery powerhouse is set to rival Aldi and Lidl when it opens new bargain stores at sites across the country.

Alamy

Tesco is advertising jobs at “new store formats”[/caption]

The first Tesco discount shop could open as soon as September, according to a report from the Guardian.

The new chain might be called Jack’s, a nod to founder Jack Cohen, after the company attempted to register the name as a retail trademark.

The supermarket giant is currently advertising for a number of vacant positions at “new store formats”.

Tesco has posted vacancies for stores in Clapham, London – on the site of a Tesco Express – and new sites in Chatteris, Cambridgeshire and Immingham, Lincolnshire.

Here's how to cut the cost of your grocery shop

SAVING on your shop can make a big difference to your wallet. Here are some tips from Hannah Maundrell, editor of Money.co.uk, about how you can cut the cost of your shopping bills:

  • Write yourself a list – Only buy items that you need. If it isn’t on your list, don’t put it in the trolley.
  • Create a budget – Work out a weekly budget for your food shopping.
  • Never shop hungry – You are far more likely to buy  more food if your tummy is rumbling.
  • Don’t buy pre-chopped veggies or fruit – The extra they’ll charge for chopping can be eye watering.
  • Use social media – Follow your favourite retailers to find out about the latest deals.
  • Be disloyal – You may want to go to different stores to find the best bargains.
  • Check the small print –  It’s always worth checking the price per kg/lb/litre when comparing offers so you’re making a like for like decision as a bigger box won’t necessarily mean you get more.
  • Use your loyalty cards – Don’t be afraid to sign up to them all. They all work slightly differently – work out what bonus suits you better and remember to trade in your points for additional rewards.

The job description says that the new stores will be operated separately from the core Tesco business. The supermarket declined to comment when contacted by Sun Online.

Tesco is looking to gain customers from German headquartered discount retailers Aldi and Lidl – who both plan to open hundreds more stores by 2022.

Aldi and Lidl have rapidly gained a foothold on the high street and are now the fifth and eighth, respectively, largest supermarkets in the country.

Tesco is also facing the prospect of losing its spot as the biggest supermarket in Britain – from the potential merger between rivals Asda and Sainsbury’s.

The two announced earlier this year that they plan to merge in a blockbuster £15billion deal – which would see them leapfrogging Tesco to become the nation’s largest supermarket chain.

Reports that Tesco was planning to open the new stores, with prices to rival Lidl and Aldi, first surfaced in February.

Tesco recently said it was going to  “simplify”  the structure of its store teams putting 1,700 jobs at risk in the process.

Earlier this month it closed Tesco Direct, its online retail platform for tech, toys, clothes and home ware.


We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516. Don’t forget to join the Sun Money’s Facebook group for the latest bargains and money-saving advice.


Linc

(Visited 64 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *