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   Tesco 'Planning' Discount Chain To Take On Aldi And Lidl
by The Guardian
Posted: Wednesday, February 14, 2018 at 3:42PM EST

Britain’s biggest supermarket group is understood to be working on a secret plan to develop a new discount grocery chain to take on cut-price chains Aldi and Lidl

Tesco is said to be developing a separate brand that would match the German discounters on price in a bid to halt the constant drift of customers away to the cheaper rivals. The new chain would offer a far more limited range of products than the average Tesco store, at around 3,000 compared with the 25,000 diferent items often available in a Tesco Extra.

The retailer is reported to have hired advisers from Boston Consulting Group to work on the plans. It has asked a number of key own-label suppliers to sign non-disclosure agreements before contributing to a new project, according to a report in The Sunday Times.

To read the rest of the story, please go to: Guardian


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