Local campaigners turn up the pressure on Tesco as the retailer announces huge national profits and plans to expand, ahead of an announcement on its intentions for the Streatham Ice Rink At a public meeting in Streatham on 8 October 2009, Tesco Plc (“Tesco”) – which owns Streatham Ice Rink – cited the credit crunch as the reason for revising the plans for the Streatham Hub which were agreed two years ago.
The retail juggernaut made much of the effect of the tough economic climate on its plans and, when asked at the public meeting, refused to maintain its guarantee that Streatham’s ice skating provision would continue without interruption whilst the Hub scheme is developed under its revised proposals.
Now it transpires that just two days before that public meeting, Tesco had quietly released interim results showing gross pre tax profits of £1.4billion, up 1.5% on last year’s interim results. Consequently, the firm’s income from sales and the value of dividends paid out to its shareholders, is up 9% on the same period last year.
Also, on 28 October 2009 Tesco announced it was creating 1,000 new jobs in Newcastle following a decision to establish a customer service centre for its banking division. On 13 November 2009 it signed an agreement to open 18 new hypermarkets in China in the 12 months up to February 2010. This is in addition to the supermarket chain’s UK expansion, with hundreds of brand new stores opening this year including 15 hypermarkets, 10 superstores, 4 Metro stores, 3 Homeplus stores and 200 Express stores.
Commenting on the huge Tesco profits and rapid expansion of the already dominant retailer, Chuka Umunna, Labour’s Parliamentary Candidate for Streatham, said:
“Tesco’s claims about the credit crunch and its affect on its ability to deliver the Streatham Hub scheme do not stack up – its colossal profits could pay for a new ice rink many times over so there is no excuse for failing to guarantee it will stay open whilst a new one is built.
“Tesco should not be using the Credit Crunch as a wheeze for reneging on the promises they have made to this community – it is not the way to win loyal local customers of the future.”
Tesco’s failure to uphold the guarantee it gave to keep the Ice Rink open whilst the Streatham Hub scheme is developed has attracted a wave of protest on the petition and Facebook Group Umunna established to keep Streatham Skating.
Local resident, Georgia Hinault, said:
“Streatham ice rink is important to us, we use it all the time – how dare Tescos put the future of ice skating in South London at the mercy of their so called ‘economic downturn’, they have not been affected by the recession at all ,in fact they have benefited. SHAME ON TESCO!”
Local resident, Eleanor Brooke, said:
“I campaigned back in 2000-2001 to keep the ice rink open when I was ten years old and I am outraged to hear that Tesco’s is attempting to escape its commitment to keep the ice rink open.”
Judith Koral, mother of Streatham Redskins captain, Ed Koral, said:
“For [my son], as well as for the many other children the club serves, having a commitment to hockey has kept him off the street etc. To close this facility without building a new rink first will mean that Streatham will become another Richmond in that it will have no rink. The knock on effect for the regeneration of the whole area does not bear thinking about.”
So far over 1,600 people have signed Umunna’s petition on and off-line and over 1,300 people have joined his “Keep Streatham Skating!” Facebook Group. They are both part of the cross party campaign launched by Umunna.