Local press reports in London say that Sir Peter Davis, CEO of J. Sainsbury, has said that Wal-Mart’s Asda group may usurp its position as the second-ranked UK supermarket retailer.
This opinion is widely shared by analysts, with the only difference being the extent of the takeover. While numerous observers of the marketplace believe that Asda will overtake Sainsbury permanently, the official position at Sainsbury seems to be that it will only be during the last quarter of 2002 as pre-holiday shopping patterns favor Asda.
This opinion is widely shared by analysts, with the only difference being the extent of the takeover. While numerous observers of the marketplace believe that Asda will overtake Sainsbury permanently, the official position at Sainsbury seems to be that it will only be during the last quarter of 2002 as pre-holiday shopping patterns favor Asda.
- KC's View:
