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THE RETAIL GROCERY MARKET - Essay Example

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According to research from IGD’s new Grocery Retailing 2005 report, the UK grocery retail market continues to grow despite increased price competition, further consolidation and low food price inflation. The main drivers of this growth have been the convenience sector, the…
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THE RETAIL GROCERY MARKET
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Download file to see previous pages dominate the UK grocery market, accounting for around three quarters of total sales, which IGD values at £88.2billion in 2005.  However, this share of total grocery has fallen slightly in recent years as other sectors have grown more quickly.
The Convenience sector continues to be a strong driving force behind the overall growth within the UK grocery market.   For every pound spent on food and grocery, consumers now spend 20p in convenience stores and IGD currently values the sector at £23.9billion, up 4.9% on 2004, which now accounts for a 19.9% share of total grocery.
So let’s try to identify the mission objectives and responsibilities of an organisation within its environment. To make our ideas more clear we’ll take a certain retailer, using for instance Tesco Company.
Everybody can agree that the main aim of any business is profit earning. Even the relevant definition of “business” approves that any enterprise or company is created to earn money. Of course, shareholders of any business are its owners and want to get maximum profits. If a company stops producing profits it can be adjudicated a bankrupt.
Everybody knows that retail is one of the most competitive economics sector. Shops, marketplaces, boutiques, super- and hypermarkets offer us great choice of different goods and foodstuffs. That’s why if any company has been taking the top positions for almost 10 years, - it is considered as a great success. Britain hypermarket net Tesco is one of such leaders. This company sails one third of all foodstuffs in the country. Tesco can firmly be named as a “national shop”. Rich, average and poor customers can find the foodstuffs according their wishes and financial abilities. Comfortable location, competitive prices, polite staff, great variety of goods and products, mainly, circumspect development strategy helped Tesco to become a really national shop.
Let’s analyze the most important responsibilities, among which the main is ...Download file to see next pagesRead More
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