Tesco selling off Pardubice department store

Tesco is selling off its department store in Pardubice, its last in the Czech Republic. The second and third floors of the building will be in operation until the end of September, while the grocery store will be stay open a week longer. The Czech News Agency reports that the building, which is located next to the Atrium Palac, will then be closed and its new owner will reconstruct it. Spokesman Vaclav Koukoliček says a preliminary contract has been sold but that the actual change of ownership won't take place until September and October. He added that Tesco was selling off its department stores in the centers of cities because they no longer meet the needs of consumers.