Carrefour’s cash conscious new CEO Georges Plassat completes
consolidation in France, shows no sign of slowing down. With 20 new MBA’s
coming on board in China for its 206 stores and growing, its planned takeover
of Argentina’s supermarket chain Eki, 70 new supermarkets planned for Spain and
continued growth in Indonesia; is there room for Safeway? We think so.
We believe that Passat and his team understand the current value
of the Euro and see an opportunity to obtain Safeway. With global growth a focal point and the
likelihood of diminishing value of the Euro this may be the time for Carrefour
to enter North American and the United States.
Safeway continues focusing on cost cutting and share buy backs to
bolster the bottom line. All the while
question continue to arise about its underfunded multiemployer pension
plans. Competition from Walgreens fresh
prepared ready-2-eat food combined with Dollar store sector market share gains
Safeway may not be up to the task at hand.
Carrefour a global leader in ready-2-eat and heat-N-eat fresh
prepared food simply may be better equipped to move Safeway back to an industry
leading position. In France Carrefour’s
home base, demographic similarities of an aging population reduce household
size preceded what we are seeing here in the United States by 8 years or
so. Carrefour has adapted better and
leads the industry in package resizing, positioning and consumers favorite the
ready-2-eat grocerant niche. Carrefour
is moving with consumers we believe it is time for Carrefour to enter the North
American market place.
Invite Foodservice
Solutions® to complete a grocerant program assessment, brand, product placement
or positioning assistance. Since 1991 Foodservice Solutions® of Tacoma, WA has
been the global leader in the Grocerant niche visit Facebook.com/Steven
Johnson, Linkedin.com/in/grocerant or
twitter.com/grocerant.
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