Blog: Asda 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.
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- Burger King, Jollibee: foodservice focus, Nov 2016
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund