An interesting look at the big players in the UK grocery market for 2005. The skinny. Wal-Mart/Asda is #2, and is likely to stay that way:
Tesco appears to be on an unstoppable march towards victory in the battle of the supermarkets. This week it announced profits of overmore than �2bn for last year � a record for a UK retailer.I'll try to do more international blogging in the future.The chain�s share price has responded in kind, up 26 per cent since March 2004, outperforming both its sector and the FTSE All-Share. Most analysts had a buy recommendation on the stock a year ago, and continue to do so now. But when the consensus is so overwhelmingly bullish, should investors be wary?
Tesco appears at times to do everything right. Whereas competitors like J Sainsbury or Wm Morrison (which bought Safeway in March 2004) are struggling, Tesco, with a nearly 30 per cent share of the domestic supermarket grocery sector, just goes from strength to strength.
Posted by Kevin on April, 15 2005 at 09:44 AM
