Speculation is mounting over the future of Tesco in Cupar after the retail giant announced it was to close 43 of its UK stores.
Staff at the outlet in South Road will know their fate within the next two to three weeks - but it’s already been confirmed that the planned expansion will not now take place.
Bosses at the troubled chain have refused to reveal which of their stores are for the chop, saying that they will make the announcement after all affected staff have been informed.
Hopes remain high that the Cupar store will be spared as trade is currently healthy - but it faces stiff competition later this year when discount retailer Aldi opens a new store on a site next door.
Tesco moved into Cupar almost 20 years ago and had originally planned to raze the existing store and build a new superstore that would be double its size.
However that fell through following years of controversy and accusations of ‘broken promises.’
Last year Tesco applied successfully for permission to extend the existing store but that application has also now been abandoned.
Dave Lewis, Tesco’s Chief Executive Officer, said: “It is with a heavy heart that I am today announcing that we are unable to proceed with 49 planned new store developments across the UK, including our planned store in Cupar.
“Our performance as a business has fallen significantly short of where we would want it to be and my absolute imperative has to be to protect the future of our business for the c. 300,000 colleagues we employ in communities all over the UK.
“I know that this news will be a real disappointment to many people in the local community and we’re extremely grateful for the support we’ve received for our plans. I am very aware of the importance of the site to the area and I am determined that we will work closely with Fife Council to find the right solution for the local community.”