Tesco to Close Major Budapest Hypermarket
- 27 Apr 2026 11:45 AM
Tesco was quick to emphasize that these closures do not signal a retreat from the Hungarian market. The company’s nationwide network remains extensive, consisting of nearly 200 stores, roughly half of which are large-scale hypermarkets.
Recent activity suggests the retailer is currently focused on modernizing its existing portfolio rather than maintaining underperforming older sites:
Renovations: Nearly 40 stores underwent significant upgrades last year.
New Openings: Two new locations were added to the network recently.
New Concepts: The company launched its first "Premier" brand local store, a format expected to grow this year alongside further modernization projects.
Impact on Staff
For expats and locals employed at these locations, the company stated its intention to retain its workforce.
Tesco aims to offer alternative positions within its other Budapest branches to all employees affected by the closures.
Photo: Tesco.hu
*********************************************************************************************
You're very welcome to comment, discuss and enjoy more stories via our Facebook page:
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary
You can subscribe to our newsletter here: XpatLoop.com/Newsletters
Showcase Your Business to Expats in the Loop:
As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.
LATEST NEWS IN finance