Friday, Oct. 8, 2010 | 11:04 p.m.
Six Las Vegas area Fresh & Easy Neighborhood Markets are set to be closed because of the struggling economy, said Tesco, the grocery chain’s UK-based parent company.
Though Tesco reported an overall 14 percent profit for the first half of the 2010-2011 UK fiscal year, the company has decided to temporarily close, or “mothball,” 13 stores in the Southwest: Six in the Las Vegas area, six in Phoenix and one in inland California.
A company press release did not specify which stores in Las Vegas would be closed, and representatives could not be reached for further comment.
“In a few locations the scale of the residential and commercial property crash has been so severe that we are about to mothball 13 stores,” the Tesco press release said. “The expected population growth in these neighborhoods has simply not materialized and we’ll re-open these stores when the housing and employment markets pick up.”
Tesco still expects to open 19 new stores in the second half of the fiscal year in areas where the economy has been less severely hit, according to the press release.
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