THE French-owned Alcampo supermarket and hypermarket chain is shutting 25 stores in Spain after seeing a slight fall in sales last year.
The company said that a maximum of 710 employees would be affected.
The closures will revolve around its supermarkets and are likely to include some bought in 2023 from Dia when Alcampo acquired 235 outlets- some of which were unprofitable or in ‘poor’ locations.
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Alcampo described the decision as part of a process to ensure its long-term sustainability.
In a statement, it said: “On this path of transformation, it is essential to recover the results and ensure sustainable growth in each and every one of the stores.”
“That is why Alcampo is implementing a workforce adjustment plan, a decision that, although difficult, is responsible and necessary,” it added.
It has not said which 25 locations have been ear-marked for closure but referred to changes at 125 establishments with size reductions for stores- including hypermarkets- as well as staff ‘adjustments’.
The CCOO trade union has released a list where changes to hypermarkets will take place- namely in Madrid, Castellon, Albacete, Sanlucar, Jerez and Sevilla.
Supermarkets set for change or closure are in Madrid, La Rioja, Cantabria, Navarra, Castilla-La Mancha, Castilla y Leon, Galicia, Aragon, Asturias and the Basque Country.
Alcampo said it is carrying out renovation and modernisation of more than 60 stores, as well strengthening its online sales business.