Announcing its full-year results, Tesco said it planned to open five new Extra stores, 12 superstores and six Metro stores to be financed through £2.4bn of capital expenditure - up £100m on last year.
Tesco also plans to develop its convenience offering where it now has a 5.9% market share.
It currently has 277 Express c-stores (up from 143 last year), but the opening of 33 new Express c-stores plus the conversion of 140 T& S stores and 45 stores acquired from Adminstore will boost the Express portfolio to over 500 c-stores within a year.
Chief executive Sir Terry Leahy said: “Customers love our Express stores. The customer offer is the best in convenience achieving high sales per square feet and increasing returns.”
Internationally, Tesco plans to open a further 51 hypermarkets,