UK: AGGRESSIVE PRICE CUTS FOR ASDA

Article Abstract:

Asda, a supermarket chain owned by Wal-Mart of the US, has started the new year with aggressive price cuts by up to one-third on 200 food products. The price cuts are to include household brands such as Bird's Eye beef burgers and pot noodles. This is part of the annual GB[pound] 200mn "rollback" programme, which is to reduce prices to the US levels.

Wal-Mart Stores Inc.

---

UK: BUDGENS STRONG IN CONVENIENCE STORE MARKET

Article Abstract:

Budgens manages to exist in the consolidating grocery sector with just 200 stores by being there for shoppers to top-up with items. It has staked its claim to the GB[pound] 15bn convenience store market. Its strategy of locating stores in areas shunned by the larger multiples has enhanced its portfolio. The company is also still on the acquisition trail after acquiring 7-11 stores and renaming them b2. Interim results shows that pre-tax profits were up 36% to GB[pound] 8.5mn and like-for-like sales rose 4%. Margins are also improving as the group considers extending its home shopping service. However, in a market of economies of scale Budgens remains a possible takeover target.

Sales, profits & dividends, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Budgens

---

UK: ASDA INVESTS IN HOME SHOPPING SERVICE

Article Abstract:

Asda, the UK supermarket chain, has announced plans to expand its Asda@Home Internet service by opening around 12-15 home shopping delivery centres over the next three to five years. As a result of the investment, Asda@Home will be offered across the entire south of England by 2004, increasing its markets share in an area of the country where it has few stores. The service offers 5,000 product lines to shoppers, with a GB[pound] 3.50 delivery fee on a minimum order of GB[pound] 50.

Mail Order Houses, Electronic Shopping and Mail-Order Houses, Mail-order industry, Mail order business, At Home Corp.

Similar abstracts:

• Abstracts: UK: III FINANCIAL INFORMATION PROVIDER TO FLOAT. UK: NET IMPERATIVE HITS FINANCIAL TROUBLE. UK: ON-LINE FINANCE SECTOR TO CONSOLIDATE
• Abstracts: UK: BBC OFFERS SPORTS CHANNEL FOR DIGITAL FEE. UK: INCREASE IN BBC EDUCATION BUDGET. The BBC's digital dilemma

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.