Tesco 'set to wind up Home Plus'

Supermarket giant Tesco is understood to be close to winding up its stand-alone furnishing chain Home Plus as it regroups and focuses on its core grocery business.

The grocer, which has 2,700 stores in the UK, is keen to exit leases it holds on all 13 of its Home Plus stores following weak sales at the out-of-town warehouse-style outlets, The Times said.