Supermarket Industry Analysis

text:bookmark-start text:bookmark-start text:bookmark-start text:bookmark-end text:bookmark-end Professional Summary text:bookmark-start text:bookmark-end text:bookmark-end In the UK, the supermarket and superstore marketplace continues to grow. In 2002, price tag sales of food through supermarkets and superstores come to an estimated ВЈ83. 68bn, a growth of a few. 1% for the previous 12 months. text:bookmark-start text:bookmark-end The market is composed primarily of major chains, with stores nationwide. Along with these are smaller operations with a traditionally regional bias, although most of these chains are currently expanding nationwide. Furthermore to these are definitely the limited assortment discounters (LADs). In general, these are operated by European firms and offer fundamental food products directed at the lower end of the mass market. text:bookmark-start text:bookmark-end In 2002, the threat of a slowdown in consumer spending contributed to a renewal of competition upon price. Difficulties companies are as well carrying out considerable store refit programmes, in addition to the expansion of outlet figures. Smaller-format shops are becoming even more frequent, causing increased competition with smaller sized, independent merchants. Supermarkets are expanding further more into the comfort market. This really is a further method of securing client loyalty, and comes in a year when customer-loyalty schemes had been rejuvenated. text:bookmark-start text:bookmark-end Wal-Mart's acquisition of ASDA Group Ltd in 1999 provides seen you’re able to send stores give a greater array of non-food items — a move which was followed by Tesco PLC. Most of the major multiples are combining rising amounts of non-food lines into their foreseeable future development plans as a means of competing with Wal-Mart. Larger superstores are increasingly getting off traditional, basic food lines to include a greater variety of products and services. text:bookmark-start text:bookmark-end Since store refit programmes turns out, it is predicted that non-food products, and also other services, will play an increasingly natural part for many of the major superstore chains. New technology is being integrated across the supply chain to monitor food and enhance automation of distribution systems. text:bookmark-start text:bookmark-end Key Note estimates which the value of retail sales of food by supermarkets and superstores will grow by 16% between 2003 and 2007. Sales of non-food things will increase by a much quicker rate, being a more dominant part of supermarket and supermarket sales. Marketplace Definition RECORD COVERAGE This report includes the UK supermarket and superstore market. The definition includes multiple supermarket chains, such as L Sainsbury PLC and Sainsbury PLC, as well as the limited variety discounters (LADs), such as Aldi Stores Limited and Terso Foodstores Ltd, and regionally-based chains, including Wm Morrison Supermarkets PLC. The survey includes just chains with an annual turnover in excess of ВЈ5m. The coverage of this report has changed because the previous edition to reflect changes in the market. There is a pattern for the supermarket restaurants in the UK to spread out dedicated meals stores, and stores on petrol forecourts, specialising in grab-and-go' meals retailing: this kind of stores incorporate Tesco Extra and Represents & Spencer's Simply Foodstuff. These retailers are generally simply no smaller than two, 500 sq ft of providing space; yet , they can be as small as 1, five-hundred square feet. The meaning ofsupermarket' have been amended appropriately. text:bookmark-start text:bookmark-end Supermarkets text:bookmark-start text:bookmark-end With regards to this survey, a superstore is defined as a self-service food market selling meals, beverages and other goods, which has a selling space of among 1, five-hundred and doze, 000 sq ft. A large superstore has a selling space of between 12, 000 and 25, 500 square feet. Grocery stores are located generally in town organisations, on large streets, or perhaps...