Re: Asda buys Netto for £778m
 

I wondered why ASDA had not followed Tesco with Tesco Metro or Sainsburys with Sainsburys Local.

It seems they were waiting to snap up a load of stores in one go.

Re: Asda buys Netto for £778m
 

For top quality fruit and veg you really can't beat Kymmy's allotment you know. If you get there when she's busy moderating this madhouse it's all free too ..... :D

Re: Asda buys Netto for £778m
 

This is a very interesting move by ASDA.

The battle for market share in the small to medium 'convenience store' sector seems to be pretty intense.

J Sainsbury took over many 'Jacksons' stores & re-branded them as 'Sainsbury's Local' a while ago.

Other 'convenience store' & 'Symbol groups' such as Spar, Budgens, Londis & Nisa-Todays appear to have performed well in recent times, relying on local footfall rather than 'out of town' shopping - helped, no doubt, by the harsh winter which discouraged travelling too far to shop by car.

The acquisition of Netto would seem to be a 'buy in' to this trend ???

Re: Asda buys Netto for £778m
 

These are full size supermarkets so cannot really be compared to those smaller convenience stores, but they will be a wise investment by ASDA if it is allowed to go ahead.

Re: Asda buys Netto for £778m
 

Some of the one's I mentioned are comparable - for example there are 2,500 Spar stores across the UK, some of them are a match for the Netto stores in size.

Also with some stores it isn't always obvious who they are affiliated with - some quite large 'local' supermarkets retain their own branding, but are still members of a larger purchasing organisation.

Re: Asda buys Netto for £778m
 

We do not have any large Spar stores in this area but I know what you are getting at, most Netto's are around the same size as your average Somerfield store and usually bigger than your average Iceland store by a fair bit.

Re: Asda buys Netto for £778m
 

True & they usually have their own car park, as well, which many other 'convenience' stores don't.

Re: Asda buys Netto for £778m
 

Which is by far the main difference nad will probably bring ASDA a new customer base within local communities that find it difficult to visit a mainstream ASDA store.