Two of the world’s leading grocery retailers this week outlined the scope of their ambitions – Wal-Mart through emerging markets and Tesco through its online operations. Meanwhile, just-food interviewed Milk Link’s CEO Neil Kennedy about its expansion strategy. Here’s the best of what was said this week:
“Our next generation customer will include millions who are striving to join the emerging global middle class. They’re connected to the world through smart phones and social media. They’re in charge of when they shop and how they shop, and they know who has the lowest prices” – Wal-Mart president and CEO Mike Duke sets the world’s largest retailer’s sights on the “global consumer of the future”.
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“Successful retailers need to be multi-channel retailers. We cannot differentiate between online and in store. Our offer online has to be at least as good as, if not better than, that which we offer on the high street” – Tesco CEO Philip Clarke highlights the importance of multi-channel retailing.
“We’d like to be a bigger, broader version of what we are now” – Milk Link CEO Neil Kennedy outlined the company’s desire for growth.
“I am absolutely distraught that it has come to this. We firmly believed that the Co-op would at least sit down with us and hear what we had to say, but they have chosen to either ignore or refuse all of our requests to meet. This has left us with nowhere else to go” – Haldanes Stores CEO Arthur Harris blames the Co-operative Group for it having to file for an administration order.
“We regrettably decided, however, that given what appeared to be the levels of the issues facing Haldanes, we could not proceed” – A Co-operative Group spokesperson explains why it was unable to proceed with a proposal from Haldanes over rent owed to the Co-op.
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By GlobalData“We are encouraged by the underlying revenue trends which show modest growth, reflecting a fragile recovery in consumer activity in most markets” – Aryzta CEO Owen Killian sees an upward trend in underlying sales for the global food group.
“The message was also that all this was further fuel to drive growth. Every Nestle presentation has at its heart the growth mantra, it is in the company’s DNA” – Credit Suisse analysts describe how sustainability is helping to drive Nestle’s bottom line.
“There is a growing demand from businesses like restaurants, caterers and small retailers – our potential core customers – for a reliable supply source of high quality goods” – Metro Cash & Carry Indonesia managing director Bunny Khurana describes why Metro is planning to enter Indonesia next year.
“Recent volatility in the cost of key commodities, linked to dry weather and global demand, is now working through to the shop price of some food” – BRC director general Stephen Robertson on UK food inflation reaching a two-year high.
