Asda catering plans quell growth fears

Article Abstract:

The UK supermarket Asda, announced that it was moving into the takeaway and drive-through restaurant market. City analysts have now given the company until 2001 to give itself a direction to go in order to avoid being squeezed from the market. This could involve possible new avenues to go down. It is hoped that the catering strategy will help to quash some of these concerns. The first restaurant is being opened at the Canterbury store in 1998 and another is planned before the end of the same year. It is hoped that catering will add a couple of points to the overall gross margin for Asda. The concept will offer its customers food to take-away and eat-in, and will serve sandwiches, curry and pasta among other things which may include a carvery, fish & chips and a patisserie. It is being aimed at the family market. The store may also be contemplating a possible high street launch of its clothing company George in the future.

Comment:

Supermarket announces that it is moving into the takeaway and drive-through restaurant market

Strategy & planning, Limited-Service Restaurants, Fast Food Restaurants NEC, ASDA, Fast food restaurants

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Shoppers' faith in food chain returns

Article Abstract:

The Office of Fair Trading (OFT) has announced that the number of complaints that it has received at food and drink retailers has declined. During the year to September 1997 the number of complaints received fell by 8.1%. Of the total 861,456 complaints received by the OFT only 4.8% of them were concerning food and drink retailers. Overall, the OFT received 3.3% more complaints compared to the previous year, and 23.7% more than five years ago <1992>. Substantial increases were seen in the number of complaints about retailers of electrical goods, used cars, and clothing, although complaints about major appliances fell by 6.2% and now only represent 4.8% of the total complaints. *

Comment:

UK: Office of Fair Trading announces that the number of complaints that it has received at food & drink retailers has declined

Food Stores, Food and Beverage Stores, Marketing procedures

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Budgens strengthens board

Article Abstract:

All areas of activity of the supermarket chain Budgens are now represented on the company's board, with a number of management changes and new appointments. Operations director Peter Ellis becomes head of the new B2 format, Cliff Goodman is the trading director in charge of forecourts, and Martin Hyson moves from trading director to managing director. Bakery and meat plants are headed by Alan Rhodes, while the new director of corporate communications is Rod Alexander. Stephanie Rice becomes director of marketing. *

Comment:

Represents all areas of activity on co's board with number of management changes & new appointments

Executive changes & profiles, Financial Holding Companies, Offices of Bank Holding Companies, Budgens Ltd.

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