Carrefour’s cash conscious new CEO Georges Plassat completesconsolidation in France, shows no sign of slowing down. With 20 new MBA’scoming on board in China for its 206 stores and growing, its planned takeoverof Argentina’s supermarket chain Eki, 70 new supermarkets planned for Spain andcontinued growth in Indonesia; is there room for Safeway? We think so.
We believe that Passat and his team understand the current valueof the Euro and see an opportunity to obtain Safeway. With global growth a focal point and thelikelihood of diminishing value of the Euro this may be the time for Carrefourto enter North American and the United States.
Safeway continues focusing on cost cutting and share buy backs tobolster the bottom line. All the whilequestion continue to arise about its underfunded multiemployer pensionplans. Competition from Walgreens freshprepared ready-2-eat food combined with Dollar store sector market share gainsSafeway may not be up to the task at hand.
Carrefour a global leader in ready-2-eat and heat-N-eat freshprepared food simply may be better equipped to move Safeway back to an industryleading position. In France Carrefour’shome base, demographic similarities of an aging population reduce householdsize preceded what we are seeing here in the United States by 8 years orso. Carrefour has adapted better andleads the industry in package resizing, positioning and consumers favorite theready-2-eat grocerant niche. Carrefouris moving with consumers we believe it is time for Carrefour to enter the NorthAmerican market place.
Invite FoodserviceSolutions® to complete a grocerant program assessment, brand, product placementor positioning assistance. Since 1991 Foodservice Solutions® of Tacoma, WA hasbeen the global leader in the Grocerant niche visit Facebook.com/StevenJohnson, Linkedin.com/in/grocerant ortwitter.com/grocerant.
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