Burnley and Padiham Tesco stores spared axe

Tesco logo
Tesco logo

Burnley and Padiham’s Tesco stores have been saved from the axe as the supermarket giant announced a raft of closures.

Tesco today identified the 43 stores it intends to close, which leaves more than 2,000 jobs at risk.

The forthcoming closures come after two successive years of falling profits and an accounting mistake which saw the chain overstate its profits by some £263m.

Tesco chief executive Dave Lewis said: “In January I announced that our performance as a business has fallen significantly short of where we would want it to be and that to protect the future of the business in the UK we would close 43 unprofitable stores. The decision to close the stores has been exceptionally difficult to take. I recognise it will affect many hard working colleagues, our customers and local communities.”