Published: Wed, October 03, 2018
Money | By Armando Alvarado

Inside Tesco's new discount chain Jack's, Chatteris

Inside Tesco's new discount chain Jack's, Chatteris

The new brand will offer customers the "lowest possible prices" with 8 out of 10 products sourced in the UK.

Two Jack's shops will officially open on Thursday in Chatteris, Cambridgeshire, and Immingham, North East Lincolnshire.

Customers will be able to compare details for themselves before long: in one location, yet to be revealed, there is set to be a Jack's and a Tesco side-by-side, Lewis said.

It was reported in July that Tesco was close to launching a chain of discount stores in Britain called Jack's, after Jack Cohen, who founded a business in 1919 that became Tesco.

Like the German duo, Jack's stores will have lower operating costs than Tesco outlets due to their smaller range of products and simplified design.

Lewis, however, said there were no plans beyond the first wave, although it had the option to open more.

British provenance will be a key point of difference for Jack's, with eight out of 10 products grown, reared or made in Britain.

"The intention is for us to be cheapest in town", he said at the Chatteris store, which was built as a Tesco supermarket, but was mothballed in 2015 when the group was in crisis. Some items did seem cheaper in Jack's: olives were 10p cheaper and Cherry Bakewell box 30p cheaper than in Tesco.

Kavanaugh Investigation Wrapping Up - Senate Vote by Friday?
Kavanaugh and Ford appeared before the Senate Judiciary Committee last week, where they answered questions about the allegations. Democratic Senator Chris Coons told reporters he was in discussions with the White House on the probe.

Most of the stores will be converted from existing Tesco Metro stores.

The Jack's BWS aisle features a selection of branded and own label lines, including a range of RTD canned gin, rum and vodka drinks.

Tesco now has a 27.4 percent share of Britain's grocery market, according to the latest industry data, although it could be overtaken by Sainsbury's proposed 7.3 billion pound takeover of Asda.

The launch of Jack's has been widely seen as Tesco's attempt to fight back against the growth of discount retailers Aldi and Lidl.

Between 10 and 15 other stores are expected to open over the coming months across the country over the coming months.

"Jack's isn't going to make an immediate dent in the competition's market share - not at the rate of openings announced today". The offer is similar to the Lidl Pick of the Week and Aldi Super Six offers, which change on a weekly basis.

Analysts do, however, have concerns that Jack's could take sales from Tesco's existing stores - fears played down by Lewis.

Like this: