DOCSLIB.ORG

Premium and Convenience Opportunities

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Premium and Convenience Opportunities Premium and Convenience Opportunities UK FOOD MARKET Please insert a suitable picture in this size OFFICIAL PROGRAM PARTNER UK FOOD MARKET CONVENIENCE & PREMIUM OPPORTUNITIES Date: 24.08.15 Language: ENGLISH Number of pages: 19 Author: JANE MILTON Other sectorial Reports: Are you interested in other Reports for other sectors and countries? Please find more Reports here: s-ge.com/reports DISCLAIMER The information in this report were gathered and researched from sources believed to be reliable and are written in good faith. Switzerland Global Enterprise and its network partners cannot be held liable for data, which might not be complete, accurate or up-to-date; nor for data which are from internet pages/sources on which Switzerland Global Enterprise or its network partners do not have any influence. The information in this report do not have a legal or juridical character, unless specifically noted. Contents 5.2.5. Harvey Nichols _______________________ 14 1. FOREWORD____________________________ 4 5.2.6. Selfridges ____________________________15 2. INTRODUCTION ________________________ 5 5.2.7. Fortnum and Mason ____________________15 5.2.8. Wholefoods Market _____________________15 3. FOOD & DRINK MARKET KEY TRENDS _____ 6 5.3. Distribution Channels ___________________15 3.1. Clean eating __________________________ 6 5.4. Opportunities for Swiss Businesses in the Premium 3.2. Rise in online food shopping _______________ 6 Sector ______________________________15 3.3. Sugar backlash ________________________ 7 6. KEY TRADE SHOWS AND EVENTS FOR THE 4. CONVENIENCE MARKET _________________ 8 SECTOR ______________________________ 16 4.1. MARKET DEVELOPMENT _______________ 8 6.1. Speciality and Fine Food Fair, London _______ 16 4.2. MAIN PLAYERS ______________________ 10 6.2. Lunch, London _______________________ 16 4.2.1. Co-operatives ________________________ 10 6.3. Farm Shop and Deli, Birmingham __________ 16 4.2.2. Convenience forecourts _________________ 10 6.4. IFE, London _________________________ 16 4.2.3. Convenience multiples __________________ 10 6.5. National Convenience Show, Birmingham _____ 16 4.2.4. Symbol groups _______________________ 10 6.6. Food Matters Live, London : ______________ 16 4.2.5. Unaffiliated independents _______________ 10 6.7. London Food Week from 2016 ____________ 16 4.3. BOOKER ____________________________ 11 4.4. NISA _______________________________ 11 7. REGULATORY OVERVIEW ______________ 17 4.5. Costcutter __________________________ 12 7.1. The Food Standards Agency _______________ 17 4.6. SPAR______________________________ 12 7.2. BRC ( British Retail Consortium) Global Standards17 4.7. M&S Simply Food _____________________ 12 7.3. SALSA ______________________________ 17 4.8. Opportunities and suggestions for Swiss companies12 8. CASE STUDY _________________________ 18 5. PREMIUM FOOD PRODUCTS ____________ 14 8.1. Du Rhone Chocolates - Selling to Harrods, London18 5.1. Market Development ___________________ 14 9. APPENDIX ____________________________ 19 5.2. Main Players ________________________ 14 9.1. References __________________________ 19 5.2.1. Waitrose ___________________________ 14 5.2.2. Booths _____________________________ 14 10. APPENDIX 2 __________________________ 19 5.2.3. Ocado _____________________________ 14 10.1. Definitions of different classifications of stores _ 19 5.2.4. Harrods ____________________________ 14 1. Foreword 1. Foreword The food industry in the UK is an incredibly vibrant sector, open to new products but also very competitive. Swiss premium and convenience products have a long history of success, however, often face significant challenges. As operating in the high end sector is imperative for Swiss companies in the UK food and drinks industry, this report is intended as an overview and guide to the UK convenience and premium market. Comissioned by the Swiss Business Hub UK and written by Jane Milton, a certified expert of the Switzerland Global Enterprise Expert Directory, we are delighted to be able to present you with this report. The report is to be presented at the 2015 Food Impulse at which Jane Milton will speak and Du Rhone, our UK case study, will present. We very much hope that this will provide a useful backdrop to understanding the UK market and we look forward to supporting you with your market entry and/or market development. Geraldine Mortby Head of Trade Promotion Swiss Business Hub UK 16-18 Montagu Place London, W1H 2BQ Mail [email protected] Phone +414 20 7616 6008 s-ge.com 2. Introduction 2. Introduction In 2014, the UK population was recorded as 64.6million (Office for National Statistics) and the UK grocery market was worth £177.5 billion in the year to March 31st 2015, an increase of 1.7% on 2014. The Institute of Grocery Distribution (IGD) forecasts that the UK grocery market value will be worth £200.6bn in 2020, a 13.0% increase on 2015. The grocery market accounts for 51.3p in every £1 of UK retail sales, meaning many businesses see it as a worthwhile market to be in. WHAT IS THE SIZE OF THE UK GROCERY MARKET? A BBC Good Food Magazine Survey in 2014 of 10,000 UK consumers found that while 52% of the population could confidently cook 10 or more dishes, 10% cannot cook at all. Despite the growth in global food trends, the UK is perhaps surprisingly still a nation fond of familiar favourites, as 50% selected a traditional roast dinner as a dish they regularly cooked. London (44%), Scotland (50%) and the South of England (52%) were regional exceptions, cooking a plate of spaghetti Bolognaise more frequently than the Sunday classic. 56% of consumers questioned listed their microwave as the most important piece of kitchen equipment they had, showing that speed and convenience are still key. 48% of consumers ate with others at least once a day and 77% found time to eat as a family at least once a week. Noticeably 16- 24 year olds were likely to eat alone all week, with 19% saying they ate with their household less than once a week or not at all. Only 32 % of those questioned regularly made their own lunch with many opting to buy food, showing that the ‘food to go’ trend is not showing any sign of losing popularity. This report focuses on 2 sectors of the food market where Swiss food businesses can often do well, the convenience sector and the premium retail sectors We have explored each sector under the following headings • Market development • Main players • Opportunities and suggestions for Swiss companies It is hoped this information will help Swiss companies formulate a suitable entry and/or expansion strategy for the UK, and maximise their opportunities of being successful in these sectors. UK FOOD MARKET 5 3. Food & Drink Market Key Trends 3. Food & Drink Market Key Trends In 2015 there are a few key trends that are prevalent across all areas of food retailing and are likely to have major influence on the food market for the next few years. 3.1. CLEAN EATING A move towards ingredient declarations on products that closely mirror what a consumer would find in their kitchen, so no preservatives, stabilisers, thickeners etc. This trend has also expanded to include people avoiding a number of ingredients or food groups for instance avoiding dairy, gluten, meat or cow’s milk and wheat. These people are not allergy sufferers, this is more of a lifestyle choice. A number of food bloggers have become very popular and written recipe books supporting this more extreme form of clean eating. These include Hemsley and Hemsley, Ella Woodward, The Detox Kitchen and Madeleine Shaw. As a result of this phenomenon a number of ingredients have entered the mainstream supermarkets from more traditional health food stores for instance, coconut sugar, chia seeds, agave syrup, coconut oil and coconut flour. 3.2. RISE IN ONLINE FOOD SHOPPING According to the IGD Over a quarter (26%) of all British grocery shoppers say they shopped online for their groceries in January 2015, which is a rise from just a fifth of shoppers four years ago. Source: ShopperVista 11% of consumers now claim they buy the majority of their food shopping online, against just 6% in 2011. The IGD predict that online will be the fastest growing part of the UK grocery market, more than doubling in value to £17bn by 2019. It will be worth 8% of the market over the same period, boosted by a surge in usage of not only home delivery, but also click and collect services where consumers can collect items in store having already selected and paid for them, or where they can collect them at other locations eg local rail station or at special lockers outside local convenience stores. Amazon are set to come into fresh food in the UK during this quarter and then are set to introduce frozen food too. This greatly increases the opportunity for producers to sell to other channels outside of the 4 major supermarkets and with Amazon Prime customers being able to access free delivery on many eligible purchases, this will further boost the chances of people using Amazon for a few items they are unable to source elsewhere. UK FOOD MARKET 6 3. Food & Drink Market Key Trends Additionally the increasing use of smartphones for mobile web access will further boost the use of online shopping as people can place their orders while they are on the move. 3.3. SUGAR BACKLASH There has been a considerable negative press around the high level of refined sugar in the UK diet and the rise of the prevalence of diseases such as obesity and Type 2 diabetes. Jamie Oliver, the well known celebrity chef and food campaigner, has been calling on the government to tax sugary foods, to discourage people from eating so many. The sugar industry saw sales drop by 14% in 2014 to £298m as nearly 50% of consumers reported trying to cut down on sugar. There is still a great deal of confusion in the market place with many consumers believing that non refined sugars such as maple syrup, brown rice syrup and honey are healthy.
Load more

Recommended publications
  • The Organic Trade Association's Report
    GO TO MARKET REPORT: South Korea The U.S. Department of Agriculture’s Foreign Agriculture Service (FAS) provided funding for these reports through the Organic Trade Association’s Organic Export Program Organic Trade Association (OTA) does not discriminate on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation or marital/family status. Persons with disabilities, who require alternative means for communication of program information, should contact OTA. TABLE OF CONTENTS: 1!OVERVIEW 1!REGULATORY STATUS GO TO MARKET REPORT: 2!COMMONLY IMPORTED PRODUCTS South Korea 3!MARKET SECTOR OVERVIEWS 9!MARKET ACCESS AND DISTRIBUTION CHAIN 10!CHARACTERISTICS OF SHOPPERS 12!RESOURCES 13!REFERENCES Overview: The Republic of Korea (formerly South Korea) imports approximately 60 to 70 percent of its food and agricultural products, and is one of the least self-su!cient countries for grain production. Between 2010 and 2015, total spending on food is expected to increase over 20 percent. With over 50 percent of the population concentrated within a 60 mile radius of the capital city of Seoul, that region accounts for over 70 percent of the retail spending in the country. Despite the limited volume of domestic agriculture, Koreans favor locally grown and manufactured foods and are willing to pay a premium for domestic goods. A wide variety of agricultural products are grown or processed locally, including rice, fresh and processed vegetables, fruits, seafood and meats, eggs, dairy products, noodles, sauces, oils, grain "our, beverages, snacks, confections, and liquor. Unlike other sectors of the Korean economy, there is not a focus on exporting in Korean agriculture, and, in general, government policies favor domestic agriculture.
    [Show full text]
  • What's Next for Ukpound Shops?
    February 3, 2015 February 3, 2015 What’s Next For UK Pound Shops? Major UK pound shop chains have seen revenues surge in the post-recession years. The economic slump and the Woolworths failure paved the way for this segment’s rapid expansion of stores. With further expansion expected, we think the segment is looking increasingly crowded. Some players are now eying international markets in their bid for growth. DEBORAH WEINSWIG Executive Director–Head Global Retail & Technology Fung Business Intelligence Centre [email protected] New york: 646.839.7017 Fung Business Intelligence Centre (FBIC) publication: UK POUND SHOPS 1 Copyright © 2015 The Fung Group, All rights reserved. February 3, 2015 What’s Next For UK Pound Shops? THE POUND SHOP BOOM Variety-store retailers have proliferated rapidly in the UK, mirroring the store-expansion boom of discount grocery chains (notably Aldi and Lidl), as the low-price, no-frills formula has found particular resonance in Britain’s era of sluggish economic growth. This retail segment encompasses chains like Poundland, 99p Stores and Poundworld, which sell all of their products at fixed price points. Similar to the dollar chains Dollar General and Family Dollar in the US, everything in the pound stores sells for £1 (or 99p) and the goods are bought cheaply in bulk. The group also includes chains with more flexible pricing schemes. Those include B&M Bargains, Home Bargains and Poundstretcher. For both types of stores, the offerings are heavy on beauty and personal care, household fast-moving consumer goods (FMCGs) and food and beverages (particularly confectionery). Other categories typically include do-it-yourself (DIY) and automotive accessories, pet products and seasonal goods.
    [Show full text]
  • Export Marketing Consultancy Project BA (Hons) International Business
    Leeds Beckett University/BI Norwegian Business School Export Marketing Consultancy Project BA (Hons) International Business Tutor: Gareth Williams Authors: Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Maiken Salmelid Sondre Larsson Richard Lindin Victoria Ekeli Date: 07th of May 2015 Plagiarism declaration “We certify with the signatures that this is our own work. Material from other sources has been properly acknowledge and referenced. The work has not, in whole or in part, been presented elsewhere for assessment. If this statement is untrue we acknowledge that we have committed an assessment offence. We also certify that we have taken a copy of this assignment, to make available upon request, which we will retain after the board of examiners has published results.” Researchers Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Richard Lindin Victoria Ekeli: Maiken Salmelid Sondre Larsson 2015-Consultancy report 2 Introduction This report is a comprehensive study for the module Export Marketing at Leeds Beckett University. Through cooperation with the Norwegian grocery store company KIWI Mini Pris AS, the report will present the findings of a thorough market analysis of the UK grocery store market. It will include secondary findings through data collection and will be supported by primary research that the researchers have collected and analysed. Secondary data will be elements on what is currently happening in the market. Elements evaluated are current and future trends, customer needs and behaviour, external macro/micro environmental factors, competitors operating in the market and entry mode possibilities. Primary data methods include in-store and online observation, 3 expert interviews as well as semi-structured interviews conducted in the streets of Leeds to base findings found with customer’s opinions.
    [Show full text]
  • 1 Venditore 1500 W Chestnut St Washington, Pa 15301 1022
    1 VENDITORE 1022 MARSHALL ENTERPRISES 10TH STREET MARKET 1500 W CHESTNUT ST INC 802 N 10TH ST WASHINGTON, PA 15301 1022-24 N MARSHALL ST ALLENTOWN, PA 18102 PHILADELPHIA, PA 19123 12TH STREET CANTINA 15TH STREET A-PLUS INC 1655 SUNNY I INC 913 OLD YORK RD 1501 MAUCH CHUNK RD 1655 S CHADWICK ST JENKINTOWN, PA 19046 ALLENTOWN, PA 18102 PHILADELPHIA, PA 19145 16781N'S MARKET 16TH STREET VARIETY 17 SQUARE THIRD ST PO BOX 155 1542 TASKER ST 17 ON THE SQUARE NU MINE, PA 16244 PHILADELPHIA, PA 19146 GETTYSBURG, PA 17325 1946 WEST DIAMOND INC 1ST ORIENTAL SUPERMARKET 2 B'S COUNTRY STORE 1946 W DIAMOND ST 1111 S 6TH ST 2746 S DARIEN ST PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19147 PHILADELPHIA, PA 19148 20674NINE FARMS COUNTRY 220 PIT STOP 22ND STREET BROTHER'S STORE 4997 US HIGHWAY 220 GROCERY 1428 SEVEN VALLEYS RD HUGHESVILLE, PA 17737 755 S 22ND ST YORK, PA 17404 PHILADELPHIA, PA 19146 2345 RIDGE INC 25TH STREET MARKET 26TH STREET GROCERY 2345 RIDGE AVE 2300 N 25TH ST 2533 N 26TH ST PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19132 PHILADELPHIA, PA 19132 2900-06 ENTERPRISES INC 3 T'S 307 MINI MART 2900-06 RIDGE AVE 3162 W ALLEGHENY AVE RTE 307 & 380 PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19132 MOSCOW, PA 18444 40 STOP MINI MARKET 40TH STREET MARKET 414 FIRST & LAST STOP 4001 MARKET ST 1013 N 40TH ST RT 414 PHILADELPHIA, PA 19104 PHILADELPHIA, PA 19104 JERSEY MILL, PA 17739 42 FARM MARKET 46 MINI MARKET 4900 DISCOUNT ROUTE 42 4600 WOODLAND AVE 4810 SPRUCE ST UNITYVILLE, PA 17774 PHILADELPHIA, PA 19143 PHILADELPHIA, PA 19143 5 TWELVE FOOD MART 52ND
    [Show full text]
  • 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]
  • Middlesex University Research Repository an Open Access Repository Of
    Middlesex University Research Repository An open access repository of Middlesex University research http://eprints.mdx.ac.uk Haddock-Millar, Julie and Rigby, Chris (2015) Business strategy and the environment Tesco Plc’s declining financial performance and underlying issues. Review of Business and Finance Studies, 6 (3) . pp. 91-103. ISSN 2150-3338 [Article] Published version (with publisher’s formatting) This version is available at: https://eprints.mdx.ac.uk/18143/ Copyright: Middlesex University Research Repository makes the University’s research available electronically. Copyright and moral rights to this work are retained by the author and/or other copyright owners unless otherwise stated. The work is supplied on the understanding that any use for commercial gain is strictly forbidden. A copy may be downloaded for personal, non-commercial, research or study without prior permission and without charge. Works, including theses and research projects, may not be reproduced in any format or medium, or extensive quotations taken from them, or their content changed in any way, without first obtaining permission in writing from the copyright holder(s). They may not be sold or exploited commercially in any format or medium without the prior written permission of the copyright holder(s). Full bibliographic details must be given when referring to, or quoting from full items including the author’s name, the title of the work, publication details where relevant (place, publisher, date), pag- ination, and for theses or dissertations the awarding institution, the degree type awarded, and the date of the award. If you believe that any material held in the repository infringes copyright law, please contact the Repository Team at Middlesex University via the following email address: [email protected] The item will be removed from the repository while any claim is being investigated.
    [Show full text]
  • The Abuse of Supermarket Buyers
    The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele, SOMO & Bob Young, Europe Economics On behalf of: AAI- Agribusiness Accountability Initiative Amsterdam, March 2009 Colophon The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele (SOMO) & Bob Young (Europe Economics) March 2009 Funding: This publication is made possible with funding from The Dutch Ministry of Foreign Affairs via SOMO and DGOS (Belgian Directorate General for Development Cooperation) via Vredeseilanden (VECO). Published by: AAI - Agribusiness Action Initiatives, formerly called Agribusiness Accountability Initiative The authors can be contacted at: SOMO Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License. The Abuse of Supermarket Buyer Power in the EU Food Retail Sector 2 Contents Contents ..........................................................................................................................3 Summary .........................................................................................................................4 Introduction.....................................................................................................................6 1. Abusive buyer power problems are being discussed in many fora while a comprehensive
    [Show full text]
  • Spar (Costcutter) and Sandpiper
    Case M1290J Proposed Acquisition - Spar (Costcutter) and Sandpiper ______________ _____________ Decision Document No: CICRA 17/10 Date: 26 April 2017 Jersey Competition Regulatory Authority 2nd Floor Salisbury House, 1-9 Union Street, St Helier, Jersey, JE2 3RF Tel 01534 514990, Fax 01534 514991 Web: www.cicra.je 1 Summary 1. SandpiperCI Retail Limited (Sandpiper), part of the Sandpiper Group, proposes to acquire a number of the Jersey stores of Spar (Channel Islands) Limited together with its subsidiaries (Spar). The transaction has been notified to the Jersey Competition Regulatory Authority (JCRA) for approval pursuant to Article 21 of the Competition (Jersey) Law 2005 (the Law). 2. The JCRA has determined that, subject to meeting the commitment offered by Sandpiper in relation to the Sandpiper store at First Tower, the proposed acquisition will not lead to a substantial lessening of competition in any relevant market and hereby approves the acquisition by Sandpiper. The Notified Transaction 3. On 28 March 2017, the JCRA received an application for approval from Sandpiper (the Purchaser) for its proposed acquisition of several stores operated by Spar (the Target). The transaction relates to the purchase of 13 of the 16 convenience stores currently operated by the Target being: i) Costcutter at La Route de St Aubin, St Helier (Millbrook) ii) Costcutter at Main Road, Gorey Village, Grouville (Gorey) iii) Costcutter at Augres Garage, La Route de la Trinite, Trinity (Augres) iv) Costcutter at Links Hault, St Brelade (La Moye) v) Costcutter
    [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]
  • Anticipated Acquisition of 99P Stores Limited by Poundland Group Plc
    Non-confidential ANTICIPATED ACQUISITION OF 99P STORES LIMITED BY POUNDLAND GROUP PLC RESPONSE TO PHASE II STATEMENT OF ISSUES 9 JULY 2015 LON37045457/6 163772-0005 POUNDLAND GROUP PLC Response to the CMA’s Statement of Issues This document is Poundland Group plc’s (Poundland) response to the UK Competition and Markets Authority’s (CMA) statement of issues of 25 June (Statement of Issues) regarding Poundland’s proposed acquisition of 99p Stores Ltd (99p Stores) (the Transaction). Please note that this document contains Poundland confidential information and should not be shared with third parties absent Poundland’s express prior written consent. 1. Executive Summary 1.1 Poundland welcomes the opportunity to provide the CMA with its input on the CMA’s Statement of Issues. 1.2 Poundland believes that the evidence strongly supports the view that this transaction does not pose any risk to competition. On the contrary, Poundland considers that the merger will be pro-competitive – bringing a superior proposition to 99p Stores’ customers, and further enhancing competition along the High Street. 1.3 In particular, the evidence shows that: (a) Poundland competes in a competitive marketplace everywhere it operates. Poundland competes all along the High Street: all of the products that Poundland sells are either available at a supermarket, at a limited assortment discounter (LAD), at another value general merchandiser (VGM), at a specialist retailer or at an independent discounter. Customers are value conscious – they want more for less, can easily switch retailers and do not display any ‘fascia loyalty’ in their quest for value. (b) There is no variation of the offer across the Poundland estate.
    [Show full text]
  • LONDON Cushman & Wakefield Global Cities Retail Guide
    LONDON Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | London | 2019 0 For decades London has led the way in terms of innovation, fashion and retail trends. It is the focal location for new retailers seeking representation in the United Kingdom. London plays a key role on the regional, national and international stage. It is a top target destination for international retailers, and has attracted a greater number of international brands than any other city globally. Demand among international retailers remains strong with high profile deals by the likes of Microsoft, Samsung, Peloton, Gentle Monster and Free People. For those adopting a flagship store only strategy, London gives access to the UK market and is also seen as the springboard for store expansion to the rest of Europe. One of the trends to have emerged is the number of retailers upsizing flagship stores in London; these have included Adidas, Asics, Alexander McQueen, Hermès and Next. Another developing trend is the growing number of food markets. Openings planned include Eataly in City of London, Kerb in Seven Dials and Market Halls on Oxford Street. London is the home to 8.85 million people and hosting over 26 million visitors annually, contributing more than £11.2 billion to the local economy. In central London there is limited retail supply LONDON and retailers are showing strong trading performances. OVERVIEW Cushman & Wakefield | London | 2019 1 LONDON KEY RETAIL STREETS & AREAS CENTRAL LONDON MAYFAIR Central London is undoubtedly one of the forefront Mount Street is located in Mayfair about a ten minute walk destinations for international brands, particularly those from Bond Street, and has become a luxury destination for with larger format store requirements.
    [Show full text]
  • T He New Space Race Is On. Even As
    property special the new space race he new space race is on. Even as the growth in superstores slows down, gro- cery chains are jostling for position in the rush to occupy the ‘new’ territory: The new high street-based convenience stores. TOne by one the supermarket chains have joined early leaders Tesco and Sainsbury’s in a battle to secure small stores in urban and suburban locations. New figures underline the extent of this trend. According to UK construction data experts Glenigan, space race in 2011 there was a 140% increase in c-store planning applications made by the mults on the previous year. Stuart Watson Although the number of c-store applications fell back last year, there were still almost twice as many plans tabled as in 2010 (see p50). So what’s behind this new The hypermarket is yesterday’s news. space race and does the push towards smaller stores spell the end for the hypermarket? The multiples are now fighting to snap The attraction of c-stores is being fuelled by busi- nesses that are “hooked on the drug of growth,” up space vacated by HMV, Jessops and says Richard Hyman, president of retail consultants PatelMiller. “After 30 years of relentless development of Blockbuster to fuel the growth of their hypermarkets, saturation has arrived. The last bastion of the grocery market that they had not yet penetrated convenience store formats was convenience.” 48 | The Grocer | 2 March 2013 www.thegrocer.co.uk The timing of the new push couldn’t have been better. from smaller outlets.
    [Show full text]