Word: asda
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...ASDA, Britain's second largest supermarket chain and a subsidiary of Wal-Mart, offal sales were up 20% last month compared to November 2007. Sainsbury's, the country's third largest supermarket chain, is selling 48% more pig livers, 22% more chicken livers and 8% more pig kidneys than it was last year. Overall, sales of offal in the U.K. are expected to reach more than $62 million this year, according to industry analysts Mintel...
...home furnishings. And he has successfully developed both mammoth one-stop stores and more modest convenience shops. The strategy has left rivals playing catch-up: Tesco boasts a 31% slice of the British grocery market, according to research firm TNS Worldpanel. Running a distant second, with 16%, is ASDA, owned by Wal-Mart...
...grow fuel than for us to go around starting wars to get it," says Nelson, who concedes that cars powered by his diesel blend emit fumes that can smell like French fries. Vehicles that run on grease have crossed the Atlantic too. Trucks used by the British supermarket firm ASDA advertise the slogan THIS VEHICLE IS POWERED BY CHICKEN...
...Europeans are changing the way they shop. Once loyal to a single local store, they are becoming avid, American-style comparison-shoppers, sniffing out bargains and variety from a large number of competitors. Stores like Britain's Tesco (which now pulls in half of British shoppers every month) and ASDA (owned by the world's No. 1 retailer, Wal-Mart), and Germany's Aldi (the powerhouse of discounters) use their size as a potent weapon in dealing with suppliers. That in turn enables them to continue lowering prices and capitalizing on the price revolution, which has finally hit Europe...
...Abbey shareholders are pension funds and asset managers who, to maintain investment objectives, will have to sell if the bank becomes non-U.K. owned. Luqman Arnold, Abbey's chief executive, said he thought the deal would be similar to Wal-Mart's 1999 acquisition of British supermarket chain ASDA, which retains its own name and identity. Whether the deal succeeds or not, Europe's banks remain ripe for more mergers. James Hamilton, an analyst at WestLB Equity Markets, says Germany may be next: "If you look at Germany, which is a relatively fragmented market, there is significant scope...