Tesco CEO describes 'techtonic shift' towards digital technology

Tesco's Chief Exeuctive Philip Clarke said on Wednesday that the retail industry has experienced a 'techtonic shift' in the way it operates, in comments made while speaking at the World Retail Congress in London.

Tesco's Chief Exeuctive Philip Clarke said on Wednesday that the retail industry has experienced a 'techtonic shift' in the way it operates, in comments made while speaking at the World Retail Congress in London.

He told listeners that as a result of the eurozone crisis, reduced growth in once high-growth regions has meant companies have been forced to get to grips with new technology to ensure they remain competitive.

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