DOCSLIB.ORG

EUROPEAN CONVENIENCE STORE RETAILING EXECUTIVE SUMMARY Convenience Stores Are Outperforming in Each of the Countries Covered by This Report—The UK, France and Germany

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
EUROPEAN CONVENIENCE STORE RETAILING EXECUTIVE SUMMARY Convenience Stores Are Outperforming in Each of the Countries Covered by This Report—The UK, France and Germany December 2015 • Convenience stores are outperforming in each of the countries covered by this report—the UK, France and EUROPEAN Germany. CONVENIENCE • But there are major differences in scale: in the UK, convenience stores are estimated to account for fully 27% of grocery retail in 2015, while in France they account for STORE just under 4% and in Germany, only 0.3%. • A common theme across these countries is the RETAILING encroachment of major grocery retailers such as Carrefour and Tesco into the convenience sector. • But these retailers risk cannibalizing sales from their larger stores, as there is less justification for shoppers to make a trip to the chains’ bigger shops. • In those countries where e-commerce, including e-grocery, is gaining share of retail, we see convenience continuing to outperform due to the two channels’ complementary natures. DEBORAH WEINSWIG Executive Director – Head of Global Retail & Technology Fung Business Intelligence Centre [email protected] US: 646.839.7017 HK: 852.6119.1779 CHN: 86.186.1420.3016 DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 1 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 Table of Contents EXECUTIVE SUMMARY ......................................................................................... 3 MARKET SNAPSHOT ............................................................................................. 5 EUROPEAN TRENDS .............................................................................................. 7 UK ...................................................................................................................... 12 FRANCE .............................................................................................................. 18 GERMANY .......................................................................................................... 24 KEY TAKEAWAYS ................................................................................................ 29 DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 2 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 EUROPEAN CONVENIENCE STORE RETAILING EXECUTIVE SUMMARY Convenience stores are outperforming in each of the countries covered by this report—the UK, France and Germany. In each, the sector is registering growth above that of total grocery and above rates of food-price inflation. In the UK and France, convenience is a bright spot in a negative-growth grocery sector, which has been pulled down by price wars and consequent deflation. In Germany, the grocery sector is more stable. While all three markets are seeing strong performance from convenience, there are major differences in scale. In the UK, convenience stores are forecast to account for fully 27% of grocery retail in 2015, while in France they will account for just under 4% and in Germany, only 0.3% (excluding 27% filling station stores in France and Germany). Germany’s tiny sector size is mostly a result of its grocery sector being dominated by competing small- store formats, such as discounters and small, neighborhood supermarkets that take the place of convenience stores. In the UK, convenience A common theme across these countries is the encroachment of major stores Are forecast to grocery retailers into the convenience sector. Big retailers, including Tesco account for fully 27% of and Carrefour, are looking for alternative growth channels in the face of grocery retail in 2015, potential saturation of mature channels such as superstores. Moreover, in while in FrAnce they will the UK especially, there has been a noticeable downturn in demand for out- account for just under 4% of-town, big-store shopping as consumers have begun to split their and in Germany, only 0.3% shopping between different types of stores and the Internet. But there are some risks for the big-name grocers that are pushing into convenience. The most pressing of these is that retailers risk cannibalizing sales from their own larger stores: as chains bring fresh foods, their own brands and big-name products to consumers’ doorsteps, there is less justification for shoppers to make a trip to the chains’ larger shops. Another risk is the higher operating costs and lost sales that convenience entails. Small-basket shops are more expensive for retailers to service, small stores generate just a fraction of their larger counterparts’ sales and impulse purchases of the types of nongrocery items stocked in superstores can be lost. DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 3 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 Nevertheless, in those countries where e-commerce, including e-grocery, is gaining share of retail, we see convenience continuing to outperform due to the two channels’ complementary natures. First, convenience stores, particularly those with the fresh-heavy formats major chains offer, are a natural complement to occasional, bulk online grocery shops. Second, as For the more forwArd- general merchandise categories such as electronics migrate to online, thinKing convenience shoppers have less reason to make trips to large, out-of-town superstores retailers, convenience laden with nongrocery ranges. Third, for the more forward-thinking stores Are the lAtest convenience retailers, notably Tesco in the UK, convenience stores are the locAtions to serve as latest locations to serve as collection points for online, nongrocery click- collection points for online, and-collect orders. In time, we could see small shops function as grocery click-and-collect points, too. nongrocery clicK-and- collect orders. A number of grocery chains are tapping the urban consumer market through their convenience stores. They are serving these consumers with more meal solutions, which, for some retailers, includes building in food- service propositions. Especially in central and transit locations, convenience stores function as food-to-go outlets that can compete with specialist food- service outlets. DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 4 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 MARKET SNAPSHOT The convenience store sector is outperforming: in the UK, in France and in Germany, the convenience sector outpaced both total grocery growth and inflation in food prices last year. In the UK and France, this was in the context of intense price competition creating a deflationary grocery market. Figure 1. Convenience Store Sales Growth vs. Total Grocery Sales Growth and Food-Price Inflation, 2014 The UK has by far the biggest convenience store sector of the three countries. *In France and Germany, growth is for convenience stores excluding stores at filling stations. Source: AssociAtion of Convenience Stores/IGD/Office for NAtionAl Statistics/Euromonitor InternAtionAl/StAtistisches BundesAmt/INSEE/EurostAt/FBIC GlobAl RetAil & Technology The UK has by far the biggest convenience store sector of the three countries. The sector has long been a complement to the bigger supermarkets in the UK and it has been boosted by more lax Sunday trading restrictions for small stores. In France, out-of-town hypermarkets have traditionally been the leading grocery format. Convenience stores offer a natural complement to occasional, big-store shops, yet the convenience sector has remained minor. With the blossoming of online grocery shopping in France, this could change—and we are seeing major grocery chains push into convenience and other smaller-store formats. German grocery retailing is focused on small-store shopping, often close to home: discounters and small supermarkets dominate, so there is no niche for convenience stores to carve. Consequently, the convenience sector is tiny in Germany. DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 5 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 Figure 2. Estimated Convenience Store Sales (Left Axis) and Convenience Store Sales as % of Total Grocery Sector Sales (Right Axis), 2015 Note: In FrAnce and GermAny, data are for convenience stores excluding stores At filling stAtions. Source: AssociAtion of Convenience Stores/IGD/Office for NAtionAl Statistics/Euromonitor InternAtionAl/StAtistisches BundesAmt/INSEE/EurostAt/FBIC GlobAl RetAil & Technology SPAR, which is a Continent-wide player, remains Europe’s largest convenience store retailer, according to Euromonitor International. SPAR operates in most European countries, including the UK, France and Germany. In 2014, Tesco and Carrefour advanced as the second- and third- largest European convenience store retailers, respectively. Figure 3. Europe’s Biggest Convenience Store Retailers: Net Revenues (Excluding Sales Tax), 2014 and 2013 Source: Euromonitor InternAtionAl DEBORAH WEINSWIG, EXECUTIVE DIRECTOR–HEAD OF GLOBAL RETAIL & TECHNOLOGY 6 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2015 The Fung Group. All rights reserved. December 2015 EUROPEAN TRENDS Convenience store shopping is Different
Load more

Recommended publications
  • Checking out on Plastics, EIA and Greenpeace
    Checking out on plastics A survey of UK supermarkets’ plastic habits ACKNOWLEDGEMENTS ABOUT EIA ABOUT GREENPEACE CONTENTS We investigate and campaign against Greenpeace defends the natural We would like to thank The Network ©EIAimage 1. Executive summary 4 environmental crime and abuse. world and promotes peace by for Social Change, Susie Hewson- investigating, exposing and Lowe and Julia Davies. Our undercover investigations 2. Introduction 5 confronting environmental abuse expose transnational wildlife crime, We would would also like like to to thank thank our ABOUT EIA EIAand championingUK responsible with a focus on elephants, pangolins 3. Impacts of plastics on the environment and society 6 numerous other supporters whose 62-63solutions Upper for Street, our fragile Ximporae. Ut aut fugitis resti ut atia andWe investigate tigers, and and forest campaign crimes suchagainst long-term commitment to our Londonenvironment. N1 0NY UK nobit ium alici bla cone consequam asenvironmental illegal logging crime and and deforestation abuse. 4. Methodology 8 organisation’s mission and values T: +44 (0) 20 7354 7960 cus aci oditaquates dolorem volla for cash crops like palm oil. We helped make this work possible. Our undercover investigations E: [email protected] vendam, consequo molor sin net work to safeguard global marine Greenpeace, Canonbury Villas, London N1 5. Results of scorecard ranking 9 expose transnational wildlife crime, eia-international.org fugitatur, qui int que nihic tem ecosystems by addressing the 2PN, UK with a focus on elephants and asped quei oditaquates dolorem threats posed by plastic pollution, T: + 44 (0) 20 7865 8100 6. Summary of survey responses tigers, and forest crimes such as volla vendam, conseqci oditaquates bycatch and commercial EIAE: [email protected] US illegal logging and deforestation for dolorem volla vendam, consequo exploitation of whales, dolphins POgreenpeace.org.uk Box 53343 6.1 Single-use plastic packaging 10 cash crops like palm oil.
    [Show full text]
  • Global Vs. Local-The Hungarian Retail Wars
    Journal of Business and Retail Management Research (JBRMR) October 2015 Global Vs. Local-The Hungarian Retail Wars Charles S. Mayer Reza M. Bakhshandeh Central European University, Budapest, Hungary Key Words MNE’s, SME’s, Hungary, FMCG Retailing, Cooperatives, Rivalry Abstract In this paper we explore the impact of the ivasion of large global retailers into the Hungarian FMCG space. As well as giving the historical evolution of the market, we also show a recipe on how the local SME’s can cope with the foreign competition. “If you can’t beat them, at least emulate them well.” 1. Introduction Our research started with a casual observation. There seemed to be too many FMCG (Fast Moving Consumer Goods) stores in Hungary, compared to the population size, and the purchasing power. What was the reason for this proliferation, and what outcomes could be expected from it? Would the winners necessarily be the MNE’s, and the losers the local SME’S? These were the questions that focused our research for this paper. With the opening of the CEE to the West, large multinational retailers moved quickly into the region. This was particularly true for the extended food retailing sector (FMCG’s). Hungary, being very central, and having had good economic relations with the West in the past, was one of the more attractive markets to enter. We will follow the entry of one such multinational, Delhaize (Match), in detail. At the same time, we will note how two independent local chains, CBA and COOP were able to respond to the threat of the invasion of the multinationals.
    [Show full text]
  • SHEETZ (Ground Lease) 1001 N Spence Avenue Goldsboro, North Carolina TABLE of CONTENTS
    NET LEASE INVESTMENT OFFERING SHEETZ (Ground Lease) 1001 N Spence Avenue Goldsboro, North Carolina TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Photographs Demographic Report Investment Highlights Aerial Market Overview Property Overview Site Plan Tenant Overview Map NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. STATEMENT: It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant Sheetz ground lease located in Goldsboro, SUMMARY: North Carolina.
    [Show full text]
  • Morrisons Gift Vouchers Terms and Conditions
    Morrisons Gift Vouchers Terms And Conditions Gramophonic Gerry sometimes duns his jades outwardly and euchring so irremeably! Zodiacal and unimplored Wynton amerce so irregularly that Damian powdery his Alonso. Mazed and litten Samuele toot while phytogenic Linus fends her abjurers graphemically and fuelling supply. If your client refuses to go after a reasonable amount of time and collection effort you can nominate him regular small claims court submit the fees for small claims cases are fairly high and surgery can present you case walk a lawyer. Give appropriate gift humble choice does a Claremont Quarter gift Card. If another year has one grocery shopping on your behalf or if you'd facilitate to send a grocery the card number someone before the Morrisons eGift and Gift Cards are. All new content for the website is receipt to us by Morrisons. Voucher for us know what went wrong with the help put your morrisons gift vouchers terms and conditions, complete processing of processing the provided. Convenient manner to manage balance on the grit in GCB mobile app Gift card web page terms conditions for Morrisons Groceries Card Region. Tesco Gift Cards Tescoie Tesco Ireland. Order Gift Cards Check oyster Card Balance JD Sports. Ticketmaster Gift Cards FAQs Ticketmaster. Gift Cards Morrison. Check grade card balance or activate your new Visa gift must Also plot out how each check the balance of special retail park card Find me card balance today. EGift Cards Online Gift Cards e-Vouchers Next UK. Morrisons terms and conditions 1 Once activated this e-gift can be used as walnut or part officer for discretion in UK Morrisons stores 2 This e-gift cannot be used.
    [Show full text]
  • Redefining Convenience
    WAWA REDEFINING CONVENIENCE QUICK FACTS Key Challenges Why SAP Was Selected Industry Retail • Support growth with integrated processes • Breadth and fit of software offering matched across 3 distinct businesses Wawa’s needs Revenue • Improve cost management and business • Superior integration across SAP® modules US$6.0 billion analysis with 1 version of the truth (enterprise resource planning, supply chain • Maximize square foot profitability through management, and retail) Employees assortments and clustering • SAP’s commitment to the retail industry 17,000 • Enable customer focus by store • Cost-effective upgrade strategy Headquarters associates • Extensive SAP ecosystem and partners Wawa, Pennsylvania • Empower store managers to drive • Strong customer references efficiency Web Site • Replace complex, disparate legacy www.wawa.com systems SAP® Solutions and Services SAP® ERP application, SAP for Retail solu- Implementation Best Practices Low Total Cost of Ownership tion portfolio, SAP NetWeaver® technology • Focused on active executive engagement • Replaced multiple legacy systems platform, SAP NetWeaver Business Ware- • Established a program management office • Simplified IT infrastructure house component, SAP NetWeaver Busi- • Defined project deliverables clearly • Reduced the cost of information manage- ness Warehouse Accelerator software, • Partnered closely with SAP to leverage ment, adding $250,000 annually to net treasury applications from SAP, SAP Collab- technology and implementation expertise income orative Project Management
    [Show full text]
  • Crfb3) Resultados 3T19
    GRUPO CARREFOUR BRASIL (CRFB3) RESULTADOS 3T19 6 de novembro de 2019 May 9, 2019 MAIS UM TRIMESTRE DE CRESCIMENTO SÓLIDO E SUSTENTÁVEL, IMPULSIONADO PELA FORÇA DO NOSSO ECOSSISTEMA Vendas EBITDA Lucro +8,9% no 3T +7,2% no 3T +14,7% no 3T Q Brutas* Ajustado Pré-IFRS16 Líquido Aj. Pré-IFRS16 Q1 2018 DESTAQUES RESULTS FINANCEIROS DO 3T E 9M 2019 Vendas brutas crescem 8,9%*, R$ 15,1 bilhões incl. gasolina no 3T, com forte desempenho em todos os negócios: Atacadão: Sólido crescimento de 9,0%, impulsionado pela expansão (+6,9%) Carrefour Varejo: Melhor desempenho trimestral de vendas LfL em cinco anos: +8,8% no 3T, impulsionado pelo sucesso das iniciativas comerciais e omnicanal, resultando em ganhos de participação de mercado nos 27 de fevereirohipermercado de 2018 s pelo terceiro trimestre consecutivo (+2,5 p.p. no 3T) e crescimento de 4,3% dos tickets Banco Carrefour: Crescimento recorde do faturamento (+30,6%), estimulado pelo crescimento substancial do cartão Carrefour (+22,5%) e aumento contínuo no faturamento do cartão Atacadão. Aumento de 7,2% do EBITDA Ajustado, atingindo R$ 1,1 bilhão, pré-IFRS 16 no 3T; margem estável de 7,7% apesar dos investimentos em iniciativas omnicanal. Nos 9M, o EBITDA ajustado cresceu 11,9%, R$ 3,1 bilhões pré-IFRS 16 (margem EBITDA Ajustada de 7,6%, +0,14 p.p.) Lucro Líquido Ajustado, acionistas controladores cresce 14,7%, atingindo R$ 448 milhões, pré-IFRS 16 (margem líquida de 3,3%) no 3T. Nos 9M, o lucro líquido ajustado, acionistas controladores, aumentou 13,9% atingindo R$ 1,3 bilhão, pré-IFRS 16 (margem líquida de 3,2%) ACELERAÇÃO DA CONSTRUÇÃO DO NOSSO ECOSSISTEMA OMNICANAL E-commerce continua ganhando impulso: O crescimento total do GMV foi de 44,2%, ~11% das vendas do Carrefour Varejo, ex-gasolina (8,2% no 3T18).
    [Show full text]
  • Booker Symbol Retail
    Booker Symbol Retail Insight on shoppers: insight on stores July 2018 © IGD 2018 The UK’s biggest symbol network Premier the biggest single fascia Now encompassing over 5,600 stores the Booker retail symbol network has twice the number of the next largest symbol group or convenience chain in the UK. Total combined estimated retail sales are now £4.5bn. Operating a portfolio of four fascias Booker Booker symbol retail: store numbers symbol has a breadth of offer to meet the needs of a wide range of differing retailer 2017 2018 change needs comprising: Premier* – flexible entry level package for Premier* 3,332 3,343 +11 small stores with supply from cash & carry depots Londis 1,826 1,957 +131 Londis – fully-serviced package for smaller stores supplied through Booker Retail Budgens 159 226 +67 Partners distribution network Budgens – Tailored support package for Family Shopper 63 75 +12 larger stores including an emphasis on fresh Family Shopper – A value-focused package Total 5,380 5,601 +221 offering neighbourhood discount format © IGD 2018 Source: IGD Research * Includes Premier Express fascia variant Page 2 What defines the Booker retail symbol shopper? Top shopper Top-up is the leading mission across all missions in three fascias Tobacco/lottery/news is the second most frequent mission in Premier and Londis Budgens has significantly the largest incidence of evening meal missions Premier has the highest incidence of food- for-now missions % of shoppers on last trip shopping for Premier Londis Budgens Top-up 45 50 59 Evening meal 15 13 35 Food-for-now 26 15 18 Tobacco/lottery/news 41 42 29 © IGD 2018 Source: IGD ShopperVista Page 3 As Booker looks to the future, and the new possibilities presented by its tie-up with Stores of the Tesco, we visited three of its most recently redeveloped symbol retail stores.
    [Show full text]
  • SHEETZ Raleigh, NC
    Petroleum SHEETZ Raleigh, NC Corporate-wide, Sheetz is transitioning to LEDs for both its interior and exterior lighting and is turning to Cree Lighting as a partner in this initiative. At its Raleigh, NC, location, Sheetz has installed Cree Lighting fixtures featuring Cree TrueWhite® Technology inside its stores and BetaLED® Technology in the canopy outside. Sheetz / Petroleum SHEETZ SHINES BRIGHT UNDER CREE LIGHTING FIXTURES Opportunity The bottom-line objectives were to provide premium lighting, conserve energy and avoid maintenance that necessitates Sheetz® is much more than a convenience store – it’s a “mecca for shutting down pumps, thus causing inconvenience and, people on the go,” serving soccer moms and road warriors alike potentially, lost revenue. with a made-to-order café inside and quality gasoline outside. Whether you need to refuel your car or refresh your body, Sheetz has what you need to keep you moving on to whatever comes next. Solution Sheetz has been rolling out Cree Lighting interior and exterior Providing this kicked-up convenience 24/7/365 requires a solid fixtures at a number of its stores across the country. At its infrastructure, and a key component of that is an interior and newest Raleigh, NC, location, the switch was made to Cree outdoor lighting system that lends a sense of warmth and security Lighting fixtures featuring Cree TrueWhite® Technology inside while operating cost-effectively and near maintenance-free. the store and BetaLED® Technology in the canopy outside. Sheetz has a commitment to using quality equipment and building On the interior, this solution included the Cree Lighting LR6™ materials when constructing its stores.
    [Show full text]
  • Survey of Retailers
    1 1. Contents 1. Contents ............................................................................................................. 2 2. Executive summary .............................................................................................. 3 Background and methodology ..................................................................................... 3 Key findings ............................................................................................................. 3 3. Introduction ........................................................................................................ 5 Research objectives ................................................................................................... 5 Methodology ............................................................................................................. 5 Sample .................................................................................................................... 5 Participation criteria .................................................................................................. 8 Fieldwork ................................................................................................................. 8 Presentation of results ............................................................................................... 9 Respondent profile .................................................................................................. 10 4. Supply arrangements and local competition .........................................................
    [Show full text]
  • Global Powers of Retailing Top 250, FY2015
    Global Powers of Retailing 2017 | Top 250 Global Powers of Retailing Top 250, FY2015 FY2015 FY2015 Parent Parent FY2010- FY2015 FY2015 company/ company/ # 2015 Retail Retail group group Countries Retail revenue Country revenue revenue¹ net income¹ of revenue rank Company of origin (US$M) (US$M) (US$M) Dominant operational format operation CAGR² 1 Wal-Mart Stores, Inc. US 482,130 482,130 15,080 Hypermarket/Supercenter/Superstore 30 2.7% 2 Costco Wholesale Corporation US 116,199 116,199 2,409 Cash & Carry/Warehouse Club 10 8.3% 3 The Kroger Co. US 109,830 109,830 2,049 Supermarket 1 6.0% 4 Schwarz Unternehmenstreuhand KG Germany 94,448 94,448 n/a Discount Store 26 7.4% 5 Walgreens Boots Alliance, Inc. US 89,631 103,444** 4,279 Drug Store/Pharmacy 10 5.9% (formerly Walgreen Co.) 6 The Home Depot, Inc. US 88,519 88,519 7,009 Home Improvement 4 5.4% 7 Carrefour S.A. France 84,856 87,593 1,247 Hypermarket/Supercenter/Superstore 35 -3.1% 8 Aldi Einkauf GmbH & Co. oHG Germany 82,164e 82,164e n/a Discount Store 17 8.0% 9 Tesco PLC UK 81,019 82,466 535 Hypermarket/Supercenter/Superstore 10 -2.3% 10 Amazon.com, Inc. US 79,268 107,006 596 Non-Store 14 20.8% 11 Target Corporation US 73,785 73,785 3,363 Discount Department Store 1 2.3% 12 CVS Health Corporation US 72,007 153,290 5,239 Drug Store/Pharmacy 3 4.7% 13 Metro Ag Germany 68,066** 68,066** 821 Cash & Carry/Warehouse Club 31 -2.5% 14 Aeon Co., Ltd.
    [Show full text]
  • The Grocery Market
    The grocery market The OFT's reasons for making a reference to the Competition Commission May 2006 OFT845 © Crown copyright 2006 This publication (excluding the OFT logo) may be reproduced free of charge in any format or medium provided that it is reproduced accurately and not used in a misleading context. The material must be acknowledged as crown copyright and the title of the publication specified. CONTENTS Chapter Page Executive summary 1 1 Introduction 3 2 Market definition 5 3 Market structure 9 4 Price, quality, range and service 24 5 Pricing behaviour 30 6 Buyer power 46 7 Planning and land holdings 56 8 Final decision on a reference 68 9 Scope and terms of reference 80 Annexe A Terms of reference 87 B Summary of consultation responses 88 C Supermarkets Code of Practice 89 EXECUTIVE SUMMARY The Office of Fair Trading (OFT) has decided to make a reference to the Competition Commission (CC) under section 131 of the Enterprise Act 2002 (the Act) for an investigation into the supply of groceries by retailers in the UK.1 This confirms the OFT's Proposed Decision, which was published on 9 March 2006, and on which the OFT publicly consulted. The OFT has based its decision on evidence of market developments and features of the market that might be preventing, restricting or distorting competition and thereby harming consumers. In deciding to make a reference, the OFT has taken account of the views expressed by respondents to the consultation, particularly in relation to the evidence and analysis set out in the Proposed Decision.
    [Show full text]
  • Sheetz and Wawa Join Forces to Provide Emergency Food Bank Relief Donations Made to Feed More in Richmond
    PRESS RELEASE Sheetz and Wawa Join Forces to Provide Emergency Food Bank Relief Donations Made to Feed More in Richmond Altoona, PA (May 15, 2020) - Today Sheetz and Wawa, major convenience chains born in Pennsylvania, announced they have teamed up to provide emergency food bank relief amid the COVID-19 health crisis. Committed to the communities the convenience chains both serve, Sheetz and Wawa donated a combined 600 lunches as well as a combined $4,000 to Feed More in Richmond, Virginia. Lunches included a turkey sandwich, cookie, fruit cup, string cheese and a bottle of water. “During the last two months, we have been inspired and humbled, by those who have stepped up to help our neighbors in their times of need,” said Doug Pick, President and Chief Executive Officer at Feed More. “This unique partnership between Wawa and Sheetz, who are joining forces to fight hunger and help our neighbors in need, is a great example of community in action! We’re very grateful for their continued support and dedication to the neighbors we serve.” “In times like these, it is essential that we come together to help those who are struggling in the communities we serve,” said Joe Sheetz, CEO of Sheetz. “That is why we are partnering with Wawa to make these donations to Feed More. Through this partnership, our hope is to support and help an even greater amount of people impacted by this pandemic and ensure that food is not included on their list of worries during this very challenging time.” “Both of our company’s missions are to feed the communities we serve and now, more than ever, it was important that we join together to help our neighbors who continue to struggle amid this pandemic,” said Chris Gheysens, President and CEO of Wawa.
    [Show full text]