Plans

New Tesco Extra Store Plans Scrapped

New Tesco Extra Store Plans Scrapped

After its recent announcement that its full-year pre-tax profit had more than halved - the worst performance in the company's history following £2.4bn of writedowns following its decision to exit the US and its UK-driven profit warning last year - Tesco has confirmed that it is to cancel its proposed 100 store expansion across the UK including the new Tesco Extra development for Milton Creek here in Sittingbourne.

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