Complete 14 pages APA formatted article: Grocery Market. IGD predicts that development of the UK grocery retail market will continue to be restricted by a combination of slow population growth, price competition and growth in the foodservice sector as an alternative channel. (Source from website http://www.foodanddrinkeurope.com/news/ng.asp n=61268-ASDA-reorganises-as)
ASDA is a household name in the UK. It has a range of products from groceries to clothing to jewellery. Bought over by Wal-Mart Stores in 1999, ASDA is the UK’s second-largest food retailer. It operates about 280 large stores (including 19 ASDA Supercenters and 10 standalone George clothing stores) and its focus is primarily on groceries and apparel. It also sells books and videos, household items and has a photo centre. It also offers ethnic take away meals. Its consolidation with Wal-Mart, has initiated a price war in the UK ASDA mirroring Wal-Mart’s aggressive “price-rollback” program and converting stores to Wal-Mart’s supercenter format under the ASDA-Wal-Mart banner. (Source from website http://www.hoovers.com/ASDA/–ID__90031–/free-co-factsheet.xhtml)
It ‘became part of the Wal-Mart family’ – on 26 July 1999 for $10.8 billion”. Since then, ASDA claims that it has gained one million new customers. It is converting some stores to Wal-Mart’s super centre format under the ASDA-Wal-Mart banner.