Families will not be losing out in the wake of stores shutting across the UK as plans for a major Tesco are going ahead.
Tesco has confirmed a new supermarket will still be built in Bicester, creating up to 250 additional jobs for the town.
It comes after the supermarket giant said it will close 43 unprofitable stores and shelve 49 projects.
But the Pingle Drive store will still be moving to the larger, purpose built site off the A41 Oxford Road, south west of Bicester Village.
Tesco chief Dave Lewis said: “We’ve carefully reviewed our planned new store developments across the country and it remains our intention to open our planned store in Bicester.
“We continue to believe that the store will provide a valued service to the local community.
“The new store will provide a great shopping experience as well as bringing new jobs and investment to the area.”
The proposals include a two-storey, 87,564 square foot supermarket, an eight-pump petrol station and 600 car parking spaces.
Existing staff will transfer from Pingle Drive to the new site.
Bicester Village has also received planning consent to develop the existing Tesco site into retail space.
Norman Bolster, lead member for estates and economies at Cherwell District Council, said: “Tesco has had to make some difficult decisions in light of recent financial reports so it inspires real confidence to know they are proceeding with the new store at Bicester.
“The fact that Tesco is willing to invest, demonstrates the strength of the economy here in Bicester and this will only continue to grow with the arrival of the new store, preservation and creation of jobs and the planned expansion of Bicester Village.
“We wholeheartedly welcome Mr Lewis’ reassurances today and look forward to welcoming the delivery of the store.”