Tesco has abandoned 62 sites across the UK over the last five years, three times as many as the other three big supermarkets put together.
According to figures compiled by Barbour ABI for The Telegraph, the retailer tried to cut costs by scrapping plans for 62 developments, more than the 49 sites chief executive Dave Lewis said he was going to stop in January.
In the same period, Sainsbury’s abandoned 13 supermarket sites, Morrisons four and Asda two – a total of 19.
Michael Dall, economist at ABI, told the newspaper: “It is indicative of the wider issues within Tesco that they are retrenching from some of their expansion plans. The big four have an advantage because of their size already, but as they shelve stores it provides an opportunity for Aldi and Lidl to move into new areas while they concentrate on other parts of the business.”