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May 19, 2006

WORLD: IGD releases Ten to Watch list

Food businesses from China, the US, Russia, India, Canada and Thailand are included in the Institute of Grocery Distribution’s Ten to Watch 2006.

Food businesses from China, the US, Russia, India, Canada and Thailand are included in the Institute of Grocery Distribution’s Ten to Watch 2006.

The new set of movers and shakers are not necessarily global retailers such as Carrefour, Tesco and Wal-Mart but those that stood out for being different from all the others.

The US$4,701m turnover Whole Foods Market of the US, for example, which plans to launch in the UK next year, sells 95% organic food and 100% non-synthetic food.

Couche-Tard, the leading convenience retailer in Canada with a turnover last year of $7,689m, has been developing a differentiated store concept focused on a higher growth/higher margin foodservice offer.

Others in the list include Central Retail Corporation, of Thailand ($2,057m), Pantaloon, of India ($246m), Perekriostok, of Russia ($1,014m), Wegmans, of the US (US$3,800m) and Wu Mart, of China ($478m).

Wegmans, was included because of its strong fresh food offer and for the in-store excitement it creates with cooking demonstrations and enthusiastic, highly motivated staff.

The IGD has also included eBay on the list even though it is not a traditional grocery retailer but because of the big impact it is having, and Hong Kong’s AS Watson, the world’s largest health and beauty retailer.

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