Tesco sees AI and automation technology investment pay off as UK grocery giant’s first half sales rise – RetailWit

Tesco sees AI and automation technology investment pay off as UK grocery giant’s first half sales rise – RetailWit

Tesco’s first half sales were up 5.1% to £33.1 billion. Underlying operating profit increased 1.6% to £1.7 billion. And full year guidance was raised from £2.7-£3 billion to £2.9-£3.1 billion. In releasing the results this morning, the UK grocery giant flagged up the opening of a new semi-automated fresh food distribution centre in Aylesford. It also inked an agreement to develop a new DC at DP World London Gateway, which it expects to open in 2…