French retailer Carrefour SA said Wednesday it is launching a new low-cost range of products to attract cost-conscious consumers hurt by the recession and to win market share on its home turf.
After years of controversy and opposition from local retailers, Wal-Mart this month is poised to open its first store in India, launching an expansion that will include 10 more big-box outlets in the potentially vast Indian market over the next two years…
The global economic downturn has had a significant impact on the retail sector – albeit to a lesser extent on the grocers, due to the fact that food remains a non-discretionary purchase.
One reason retailing has become ground zero for the new protectionism is that China’s $70 billion-a-year market for large grocery stores is still up for grabs. The industry, expected to double in size by 2015, is far more fragmented and regional than that in Europe or the U.S… Wal-Mart, with 353 stores, has an 11.2 percent share, second only to the 12 percent held by France’s Auchan.
Wal-Mart India, said it can help reduce prices by improving supply chain and infrastructure to cut waste. About 40 percent of fruit and vegetables in the country rot before they are sold because of a lack of cold-storage facilities and poor transport infrastructure, according to government estimates.
©2007-2022 Retail News Update | Powered by WordPress with Easel | Subscribe: RSS | Back to Top ↑
