Blog: Dean BestAsda fires starting pistol on 2009

Dean Best | 2 January 2009

Thoughts turn to renewal at this time of year and it has fallen to Asda, the UK arm of Wal-Mart, the world's largest retailer, to breathe fresh life into the price war engulfing the country's retail sector here.

Asda, the UK's second-largest retailer, has announced plans to slash prices across a range of products in what promises to be the first salvo of a ultra-competitive 2009 among the country's retailers.

Asda was one of the UK retailers to prosper during a tumultuous 2008 and today (2 January) the company insisted its stores were the places to visit for the country's cash-strapped consumers.

"Other retailers may try to confuse matters by reducing prices on a handful of products to steal headlines but every week at Asda customers will find at least 1,000 essential products at prices that have been rolled back,” Darren Blackhurst, the company's trading director, boasted.

With all sorts of gloomy forecasts being bandied about for the prospects for the UK economy in 2009, Asda looks rather handily placed to continue where it left off in 2008.

Where that leaves its retail rivals is a matter of debate. Next week, we shall see the first signs of how some of Asda's under-pressure rivals have fared in recent weeks when Marks and Spencer, the under-fire bastion of the UK High Street, issues its Christmas numbers.

2008 was a fascinating year for food industry watchers. We're just two days in but 2009 promises more of the same.


BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

BLOG

UK M&A deal volumes slide in early months of 2017

Fresh data from Grant Thornton indicates the number of mergers and acquisitions in the UK food and drink sector fell to the lowest level for over two years in the first quarter of in 2017 - but the ac...

BLOG

Food policy returns to focus in Westminster

Amid the political turmoil in the UK caused by the EU Referendum, the resignation of a Prime Minister, subsequent burning debates over the Brexit “divorce” settlement and now by the surprise announcem...

BLOG

Danone closes WhiteWave, who will acquire Stonyfield?

Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...

just-food homepage



Forgot your password?