TITLE

J Sainsbury: convenience consolidation

PUB. DATE
October 2004
SOURCE
MarketWatch: Global Round-up;October 2004, Vol. 3 Issue 10, p57
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
This article reports that the convenience store Sainsbury PLC has been suffering in the face of strong competition from rivals Asda, now owned by Wal-Mart Stores Inc. and Tesco, which is already Great Britain's largest retailer. Tesco in particular has enjoyed considerable success in rolling out its Tesco Express convenience store format, and the Jacksons deal will help Sainsbury to make up some ground. Convenience stores are one of the last remaining retail channels for the large retailers to buy-up as they attempt to gain further market share in the highly consolidated British retail landscape. It is also one of the fastest growing sectors, to a great extent driven by consumers' increasingly time-pressured lifestyles. Great Britain is Europe's most valuable market for convenience stores with food and drink sales worth GBP13 billion in 2003.
ACCESSION #
14728557

 

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