UK: American retail giant Wal-Mart opened the doors at its first UK supercentre for business today
The huge 93,000 sq ft store near Bristol has been converted from an existing Asda hypermarket following the US firm's £6 billion takeover of the British company last year. It covers two acres and has been converted at a cost of £15 million and employs more than 800 staff. Wal-Mart says prices at the store at Patchway, next to the M5, are aimed at undercutting rivals by an average of 10 to 15 per cent, with some items 60 per cent cheaper.As well as the usual food sections, shoppers can also buy anything from televisions and baby clothes to household goods, toys and spectacles.The Bristol store is to be followed by two more supercentres at Havant, Hampshire, and Sutton Coldfield, West Midlands. A further seven stores are planned to be opened before the end of 2005.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- Post: Weetabix "opens up M&A opportunities"