Tesco is planning to open as many as 100 convenience stores in the south-east over the next decade, it was reported.
The UK’s biggest supermarket chain, due to announce record profits of about £2.2 billionn on Tuesday, believes there is still huge scope for its Express outlets.
The convenience-store sector is growing twice as fast as the grocery market as a whole and Tesco is determined not to lose out. It is estimates the UK market could support another 600 Express stores by 2015. And 100 of these would be in the south-east, experts have predicted.
Tesco has more than 30 per cent of the UK’s grocery market but only about six per cent of the convenience-store sector.
