Tesco Red Door launches as retailer announces innovation push
Tesco has launched Tesco Red Door, in which the grocery giant invites those with new products, ideas or emerging technologies with the potential to cause disruption to contact its newly established Group Innovation team.
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Dave Lewis, Chief Executive, says: "A strong pipeline of innovation is essential in ensuring we can anticipate and respond to our customers’ needs, and we believe there is an opportunity now to welcome even more innovation into our business, and to do it faster.”
“Our new Group Innovation team will help us to access the most exciting innovators from across the globe. In turn, we can offer those partners a unique opportunity to build and develop their ideas rapidly and at scale, using the benefits of our experience and access to market.”
Claire Lorains, Group Innovation Director, comments: “In the short time we’ve been together, our multi-disciplinary team has already built networks in key innovation locations, and seen over 200 innovations.”
“We’re moving quickly, and I’m delighted to see some of the ideas already coming to market. There’s lots more to come, as we work with partners to develop new and disruptive innovations, and we welcome approaches from anyone with an idea to share.”
No news on how much money has been allocated for this, but, given Tesco’s track record in the tech innovation space, we would hope that this is more than just a marketing stunt.