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.

Chris Lyddon

News Editor, just-food.com

UK/USA: Wal-Mart wants UK government to probe Tesco


BLOG

just-food closed on Monday - but catch up on what you may have missed

A quick note to say we are closed on Monday (25 August) for a public holiday in England and Wales - but there's plenty for you to peruse on the site before we return on Tuesday....

BLOG

Sandwich maker looks to capitalise on Nestle's Hot Pockets switch

They say one man's trash is another man's treasure. In the US, Nestle is scrapping production of its Hot Pockets sandwiches at a plant in California plant, leaving 360 staff out in the cold. But a sma...

BLOG

Family Dollar dismisses Dollar General offer

The takeover battle for Family Dollar Stores has taken another twist, with the US retailer rejecting a takeover bid from rival Dollar General and in-the-spotlight CEO Howard Levine citing anti-trust c...

BLOG

Hain Celestial CEO characteristically jovial

Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception....

just-food homepage



Forgot your password?