The Uk Supermarket And Superstore Market - Essay UK.
The UK supermarket industry today was somewhat different from ten years ago. A notable change is the acquisition of Safeway by Morrison Supermarkets. As it can see from the following pie chart, the market is dominated by four major firms, Tesco, Asda, Sainsbury’s and Morrison.The Market Structure of Supermarket in the UK Oligopoly refers to market, which is imperfectly competitive and dominated by a few suppliers (Anderton, 322). This market structure has three main characteristics. Firstly, the few firms must be the main suppliers in the industry.Introduction: Supermarket has become the important part of the employment. It becomes the topic of study as to whether it will provide sufficient wages and job security that other jobs like manufacturing, etc. have provided in past. Supermarket industry has transformed in past decades considerably.
The UK supermarket and superstore market is dominated by major UK companies such as J Sainsbury PLC, Safeway PLC and Tesco PLC, although the US retailer Wal-Mart bought ASDA Group Ltd in 1999. European involvement in the UK market is restricted to the LADs such as Aldi Stores Ltd and Lidl Ltd.The grocery and supermarket industry develops quite fast in the UK for the past few decades. There are more than 86,000 grocery physical stores operate in the UK now that range form supermarket chains to superstores, convenience stores and traditional retailing stores. Different supermarkets are concentrate on particular market segments in the UK.
Business Analysis of UK Supermarket Industry - Kathrin Metzger - Term Paper - Business economics - General - Publish your bachelor's or master's thesis, dissertation, term paper or essay.
