By Daniel Hunter
Tesco is ending its non-food venture by closing its six remaining Homeplus stores.
The closure of the stores in Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston will result in around 450 job losses. But Tesco says it will try to find alternative roles within the company.
A Tesco spokesperson said: "We've taken the difficult decision to close our remaining six Homeplus stores. Our priority is now to explain what this announcement means for our colleagues and wherever possible, offer them alternative roles with Tesco."
The closures are part of chief executive Dave Lewis' plans to cut costs and sell-off parts of the business not making much money. It it hoped that the savings will allow Tesco to compete with budget supermarket chains like Aldi and Lidl.
In February, Tesco reported its worst ever financial results, posting a pre-tax loss of £6.4 billion for the year.
