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Net Space Change
Tracks the expansion or reduction of retail space, reflecting strategic growth initiatives and market presence adjustments.Tesco's net space change indicates a strategic shift towards expansion, with openings consistently outpacing closures and repurposing activities since 2024. This suggests a focus on growth and market presence, potentially driven by favorable market conditions or strategic initiatives. The recent increase in openings, coupled with reduced closures and repurposing, highlights a commitment to expanding retail footprint, which could enhance revenue potential and competitive positioning in the retail sector.
Date | Openings | Closures | Repurposed |
|---|---|---|---|
Feb 22, 2025 | 235.00K | -108.00K | -273.00K |
Aug 24, 2024 | 160.00K | -35.00K | -107.00K |
Feb 24, 2024 | 323.00K | -95.00K | -193.00K |
Aug 26, 2023 | 130.00K | -131.00K | -149.00K |
Feb 25, 2023 | 136.00K | -7.00K | -149.00K |
Aug 27, 2022 | 259.00K | -251.00K | -249.00K |
Feb 26, 2022 | 148.00K | -96.00K | -130.00K |
Aug 28, 2021 | 86.00K | -75.00K | 5.00K |
Feb 27, 2021 | 143.00K | 149.00K | -12.00K |
Aug 29, 2020 | 22.00K | -14.00K | -50.00K |