Tesco Direct to close
Tesco is to shut down its online operation, Tesco Direct - a move that may cost up to 500 jobs. The UK's biggest supermarket has made the decision due to the fact that it is a loss making part of their business.
Tesco Direct is one of the UK's largest online retailers and its closure comes as a big surprise. It has also been a steady source for game console deals over the last few years and this is likely to have a negative impact on average online prices for a lot of hardware and software.
The website is due to close down on 9th July with the distribution centre in Milton Keynes following in August.