Food Retailing: Growth Strategies and Competitive Advantage

Andrew Seth

Andrew Seth reviews the grocery market at the end of 2001, lists the international leaders and their ambitions for worldwide dominance.

Food Retailing

Growth Strategies And Competitive Advantage

Andrew SethAdded Value Company

The size of the world's grocery markets at the end of 2001 has been calculated at $3,680 billion. The retail turnover, (see Figure 1), represented by sales of the world leader, Wal-Mart, is 5% of this. Carlos Criado-Perez, erstwhile Wal-Mart employee, now CEO of Safeway UK, knows this. He concluded in November 2001: 'We don't live in a global world. There's no such thing as a global retailer.' Is he right? Will he be in five, ten years' time?

Charles Holley, CFO of Wal-Mart's international division,...

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