Top performing Tesco Express stores turn over £100,000 a week, finance director Andrew Higginson has revealed. He also told a food retail conference organised by Schroder Salomon Smith Barney that Tesco had a number of forecourt stores performing at this sort of "tremendous" level ­ particulary in densely populated areas such as London. Higginson said there was room in the UK for "many hundreds" of Express stores. And he said Tesco was now preparing to roll out the format internationally ­ to Ireland and Thailand. Tesco's finance man confirmed the multiple was now ready to test Express as a standalone convenience store concept ­ words that will no doubt strike fear into the hearts of independents. New format development is helping the multiple maintain its grip on the UK market, said Higginson. He pointed out that the Extra hypermarket format was proving a winner ­ particularly in light of Tesco's moves into non food. By the end of this year it will have 41 Extras representing 15% of UK space. Within three years the Extra format will account for 20% of its space in this country. {{NEWS }}

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