hour shopping at 76 stores
Tesco calls time on 24 hour shopping at 76 large stores as customers turn away from nightowl grocery trips
Round the clock shopping becomes latest casualty of supermarket warSome 76 out of 400 24 hour stores will no longer open all nightUK's biggest grocer Tesco says the 24 hour stores saw very few customersShoppers ditch using stores in small hours of the morning and go onlineTesco says move will free up staff to stock shelves and make stores betterExperts say it is a desperate move as Aldi and Lidl breathe down its backBy
The company, which began operating 24 hour stores back in 1996, said 76 out of the 400 stores currently open around the clock would be affected by the change: they will now close at midnight and reopen again at 6am.
Instead of shopping at night, it is believed many customers are now heading online for their pandora deals sale groceries, and the move is part of chief executive Dave Lewis's attempt to stem Tesco's recent profits slump by redesigning its operations.
It has also been hit by shifts in shopping habits and the loss of customers to discounters Aldi and Lidl. However, the supermarket recently reported pandora ring charm that Christmas sales rose 1.3 per cent, well ahead of what industry experts had been predicting.
When Lewis joined in September 2014, poor replenishment of stock and product availability were major issues for the grocer.
According to Tesco the reduction in opening hours would free up staff to replenish more products on the shelves overnight, resulting in more item availability and stores looking better.
Tony Hoggett, Tesco's Retail Director, said: 'It makes much more sense for colleagues at those stores to focus on replenishing the shelves instead and making sure they're fully stocked when they open their doors at 6am.'
He added: 'With the growth of online grocery shopping, these stores saw very few customers during the night.
'We'll continue to make changes in store in ways that will make shopping at Tesco a better experience for our customers, at the times they want to shop.'
There will be a 'minimal' impact on jobs as a result of its decision.
But some industry experts believe that today's move is another sign of desperation by Tesco in the wake of stiff competition from discounters.
'Turbulent times pandora bracelet sizes mean drastic measures and Tesco are really having to review their entire business strategy to be in with a chance of fending off the likes of Aldi and Lidl who are nipping at their heels.'
She added: 'Not such great news for night owls or workers who were earning more between the hours of midnight and 6am. Staff hours will almost inevitably be cut, and night shift workers could see the amount they earn slashed.'
'Extensive evidence' revealed Tesco 'intentionally delayed' payments to suppliers in order to make its own financial position look better than it was, Groceries Code Adjudicator Christine Tacon's inquiry revealed.
Tesco escaped a financial penalty because this power was only given to the Adjudicator after she launched her investigation.
In the 84 page report, Ms Tacon said: 'The length of delays, their widespread nature and the range of Tesco's unreasonable practices and behaviours towards suppliers concerned me.
'I was also troubled to see Tesco at times prioritising its own finances over treating suppliers fairly.'
Delays to payments to suppliers emerged as a result of data input errors, duplicate invoicing and 'unilateral' deductions, all of which helped Tesco boost its profit margins, the report says.
Tesco's chief executive, Dave Lewis, apologised and said he accepted the findings.
'Over the last year we have worked hard to make Tesco a very different company from the one described in the GCA report. The absolute focus on operating margin had damaging consequences for the business and our relationship with suppliers. Daily Briefing: Possible deal as Scottish Widows in line. Jaguar Land Rover jobs drive for engineers who can create. MARKETS LIVE: FTSE up as David Davis begins Brexit talks. ALEX BRUMMER: Hammond must be heard 'failure to secure. Private equity giant Blackstone backs UK property by. Brexit vote fuelled 146bn betting frenzy in City amongst. Co op Bank in 'advanced talks' with investors over. Women's retailer Bonmarch suffers 40% profits fall as. Britain's holiday rental market booms as the weak pound. MIDAS SHARE TIPS UPDATE: Vital signs are improving at. A surprise surcharge AFTER you have paid it's the. Roaming may now be 'free' when you're abroad but you. 'Brexit is a lose lose proposition, harmful both to. Sainsbury's to buy convenience rival Nisa pandora gpo in 130m deal,. North South divide opens up in buy to let market as study.
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