Tesco

The retail industry has evolved dramatically over the past decade and has seen more foundational changes than it saw in the last century, only expedited by COVID-19.

Five major global supermarket conglomerates are joining forces to invest in start-ups developing innovative grocery solutions.

London -- A Tuesday report by Bloomberg said that Tesco Plc may be recovering from its financial doldrums, as the country’s largest supermarket chain has matched market growth for the first time in more than 18 months.

Citing Kantar Worldpanel’s latest market share figures, Bloomberg said that at Tesco stores rose 3.3% in the 12 weeks ended Jan. 20, the same pace as the industry. Growth exceeded Wal-Mart Stores’ Asda and J Sainsbury, which gained 2.1% and 3.2% respectively.