A bigger slice of the pie

Can anything stop Tesco’s turbo-charged growth? While so many retailers are squealing about a slowdown in the market, the Cheshunt-based juggernaut has reported total UK sales up over 11%, of which near-7% was like-for-like sales growth excluding petrol. This suggests it is getting an ever-increasing slice of the retail pie. In part, Tesco is benefiting from a wider trend. Big supermarket groups are taking share from the high street and from smaller, independent chains. What’s more, in a diffic...