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,...