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Tesco Ireland To Invest €50m In New Stores And Store Upgrades Over 2022

Tesco Ireland has announced its plans to spend approximately €50 million this year in store upgrades, maintenance, and new openings.

According to the retailer, 25 roles have been created via internal and external recruitment drives.

The South Lotts Road supermarket marks the 154th store in the Tesco Ireland portfolio and spans over 6,000 square feet of retail space, bringing more employment and customer shopping choice to the community.

Tesco Express 

Aside from the South Lotts Road store opening last week, Tesco opened an express store at Spencer Dock in June.

The new store created 22 new jobs, with half of the newly recruited staff members from the local Sheriff Street area, Tesco announced.

The retailer noted that it is planning to open two further Tesco Express stores in urban settings across Dublin – in Smithfield and Charlemont Square – before the end of the year.

Tesco Extra 

Tesco also opened its new 11,000-square-foot store at White Pines, in Rathfarnham, in February.

The White Pines outlet was the retailer’s first new store in almost four years and has created 60 new jobs.

A similarly sized store will also open its doors at Adamstown, in West Dublin, later this year.

In addition, a major refurbishment and extension of Tesco’s Artane Castle store – a ‘pillar of the community for 39 years’ – has been completed, and a refit programme of older stores is also continuing across the country, the retailer noted.

‘Strong Pipeline’

Natasha Adams, CEO of Tesco Ireland, said that the strong pipeline of store openings and refurbishments planned over the immediate and medium terms spells “good news” for consumers.

“For 25 years, Tesco has been committed to delivering real value to customers, and our ambitious development strategy sets us up for the next chapter of investment in our business in Ireland,” Adams added.

“We are continuously expanding and maintaining our estates, and we are adding new employment with every store opening.”

Acquisition Of Joyce’s Supermarkets

There is also a separate rebrand and redesign programme getting under way, with Tesco’s recently acquired portfolio of stores across Galway City and County, owned by the Joyce family, which was completed in June.

“We anticipate these new-store openings, and with the addition of Joyce’s Supermarkets in Galway, we will bring our overall number of stores to 165 this year, which is really good news for our colleagues, customers, and the communities in which we operate,” Adams said.

Read More: Tesco Ireland Acquires Ten Galway-Based Joyce’s Supermarkets

Value For Money 

Tesco highlighted that it ‘works hard’ to make sure that its Clubcard continues to help customers get as much value as possible from their shopping.

Through Clubcard Prices, nearly one million households have access to thousands of exclusive deals on everything from everyday staples to treats, while getting rewarded with Clubcard points.

Through Aldi Price Match, customers can shop hundreds of products price-matched against Aldi, including great-value ingredients for meals for four, Tesco added.

It highlighted that everyday low prices are available on essentials, to help families with cupboard staples and household basics, giving customers added value where they need it most.

As well as the branded products, the retailer noted that it also has a wide range of affordable own-brand products under the Tesco and Tesco Finest ranges.

Market Share

The latest figures from Kantar show that Tesco holds a 21.9% share of total spend within the Irish grocery market.

According to the research, Tesco has contributed an additional €4.3 million to its overall performance during the 12 weeks to 7 August 2022.

Currently, Tesco and Dunnes Stores (which also holds a 21.9% share of total spend) jointly lead the way as Ireland’s top grocers.

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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