Tesco Plc (TSCO), the U.K.’s largest supermarket chain, is planning an online store that would compete with Amazon.com Inc. (AMZN:US), the Sunday Telegraph said.
Chief Executive Officer Philip Clarke will announce plans to add more third-party retailers to Tesco’s website on April 18 to expand its click-and-collect service, the newspaper said. The new initiative will also include remodeling of some stores.
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