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

Kellogg takeover chatter cools

Market speculation over a possible takeover of Kellogg surfaced this week, with the snacks-to-cereal maker linked to both Kraft Heinz and Coca Cola Co....

BLOG

More understanding needed of GMOs among consumers

The introduction of legislation requiring the labelling of GMOs in the US has gathered widespread public support....

BLOG

UK report examines "risks and challenges" to food system from climate change

The impact on the global food system is one of "six key priority areas" highlighted in the UK Climate Change Risk Assessment 2017 report, which sets out "the most urgent risks and opportunities" arisi...

BLOG

Brexit – the just-food confidence survey

Following last month's referendum in the UK on the country's membership of the European Union, the repercussions from the decision to leave have been felt far and wide....

just-food homepage



Forgot your password?