Tesco stores rethink as profits hit

Retail giant Tesco has marked the end of the supermarket "space race" as it scrapped more than 100 major store developments and admitted future growth would be focused more online.

The UK's biggest supermarket said the days of snapping up land and building major stores that led to its success in the 1990s were now behind it as customers increasingly shop over the internet.%VIRTUAL-SkimlinksPromo%