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
The make-up of the ingredients in baby food in the US is under some scrutiny, with Campbell Soup Co. and Nestle attracting criticism from consumer watchdogs....
UK cash-and-carry and convenience retailer Booker Group has struck a deal to buy the Londis and Budgens symbol retail chains from Ireland's Musgrave Group - and emphasised the changing retail landscap...
US efforts to liberalise international trade faced something of a roller coaster ride this week, as the Senate first voted down Barack Obama's proposals only to reach a compromise that would give the ...
Over the weekend, there were fresh claims Europe-based food retailers Ahold and Delhaize are in discussions to join forces....
- Focus: Why Dairy Crest needs to offload dairies
- Why Arla upbeat about LatAm prospects
- Premier Foods to push on with range revamp
- Sweets & Snacks Expo: just-food's pick
- Why FMCG background key for next Thorntons CEO
- Weetabix gets new private-equity investor
- Cadbury to cut Australian jobs
- Arla expands in Egypt with Juhayna JV
- Food industry news of week: GMOs, Arla, Mondelez
- Dairy Crest earnings fall