Blog: Wal-Mart whines as Tesco moves ahead
Catherine Sleep | 30 August 2005
This one leaves me pretty well speechless. I've been trying to think of something smart to say about it for the last couple of hours and failed. Wal-Mart, apparently, can dish it out, but it can't take it.
Did Lee Scott think conquering the cut-throat UK supermarket sector was going to be easy? Did he think Tesco was an easy target? Did he think that the managers of Asda, Sainsbury and the rest hadn't been trying until Wal-Mart came along?
When Wal-Mart took over Asda the British establishment appeared convinced that within weeks it would be the biggest retailer in Britain, if not the only retailer in Britain. To be British is to be ruled by people who are firmly convinced that you are a useless, idle good-for-nothing who probably drinks too much, or would if you were given the chance. The idea that any British company would be able to compete with the mighty Wal-Mart didn't appear to occur to them.
Unfortunately that might even mean that the British government can be sold the idea that Tesco's market leadership means there's something wrong with the market, rather than something right about Tesco.
News Editor, just-food.com
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- PepsiCo launches Walkers Mediterranean in UK
- Mondelez plans "selective" UK price hikes
- US targets increased organic production