Tesco sales area growth to go on

Tesco is to maintain its rate of new sales space growth in the UK over the next few years.

Finance director Andrew Higginson said that the grocer will continue to increase sales space by approximately 6 per cent each year, and that it is a 'do-able' rate for the foreseeable future.

He said: 'We have to keep laying down the foundations for the future. We should be in good shape for the next five years.'

Tesco has added about 1.4 million sq ft (130,060 sq m) of space over the past year.