Three supermarket chains have revealed that they will be closing stores in Leicester by the end of the year.
Sainsbury’s has become the latest supermarket to announce the closure of their store on Narborough Road blaming poor sales.
This is in addition to the closure of it’s store on Gloucester Crescent in South Wigston, which is due to close later this year.
Waitrose also announced yesterday that it will be closing it’s branch in Oadby by the Autumn.
Store management have revealed contracts have been exchanged with the budget supermarket Lidl, which is set to replace the Waitrose store.
Earlier in the week, Co-op also announced it will be closing its branch on Briton Street in the West End by the end of the week.
Trading has been tough for supermarkets so far this year as they face rising costs and poor sales compared with 2018 when they were helped by a long spell of warm weather and a string of events including the Royal wedding and England’s success in the football world cup.
Bryan Roberts, insights director at grocery analysts TCC Global, said the closures are part of a cost cutting programme by the main supermarkets, amid pressure on price from Aldi and Lidl.
He said: “Everybody apart from Aldi and Lidl is having to be more rigorous in getting rid of stores that are not pulling their weight because of local competition or just a bad location.”
“Lidl is going to be more confident that it can make these sites work as there is a lot of untapped demand for both Lidl and Aldi. Our research shows a lot more people would shop there if they could, but they have to drive a long way to get there.”