UK: Asda announces £450m investment during 2001, and 5,000 new jobs
The supermarket chain Asda, subsidiary of US giant Wal-Mart and recent (disputed) winner of the number two spot in the UK retailing sector, today (3 January) revealed plans to build a further 13 stores during 2001.
The store development investment, which includes two re-builds in Coventry and Scotland and two re-sitings in Cwmbran and Peterlee, is expected to cost the group £450m. The venture will also provide the UK with 5,000 new jobs.
Last year, Asda promised to generate 27,000 jobs by 2005, and COO Paul Mason commented on the latest plans: "This record level of investment by Wal-Mart in the UK is in line with our strategy of long-term market-share growth and good news for British customers who know that, when Wal-Mart comes to town, prices come down and stay down."
The new stores will be located in Hull, Dunstable, Bodmin, Cambridge, Leyton, Sefton, Hyde, Swindon and Dumbarton, Scotland.
Wal-Mart's UK supermarket chain Asda has announced that it will switch 500,000 hens from battery cages into open barns by 1 May by changing the way in which it sources standard own label, fresh eggs....
Wal-Mart's UK supermarket chain Asda, is considering a bid for supermarket Somerfield, according to the Sunday Telegraph newspaper....
Wal-Mart Germany has cut prices of more than a thousand articles in its stores, some of them by over 20%....
Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. Ho...
US retail giant Wal-Mart Stores Inc, says it will open two outlets in Beijing this year, and at least one more store next year, according to an Asia Pulse report....
UK Supermarkets import a much higher proportion of organic pork than is the case with conventional supplies, according to organic food lobby group the Soil Association....
Overall US produce sales are soaring, but supermarkets are still losing market share to Wal-Mart, according to government figures....
UK supermarket Sainsbury grew faster than Wal-Mart's Asda in the twelve weeks to 27 March 2005, the first time that has happened for ten years, according to figures from market researchers TNS....
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Emmi to buy dessert maker Italian Fresh Foods