Rocka99912 Jul 2016 10:02
Agree with what you say. However I do think mrw are in a bit better shape than some competitors. They do make a profit, own their stores, and are belatedly getting into the home delivery / online theme. Asda have a huge backup company with Walmart. We will have to see how long Walmart wants to keep Asda`s loss making going, how long is a price war sustainable. The last thing Tesco need is a price war. Large loans due and still no divi on the horizon.
My wife still likes to do a weekly shop and I`m sure there are millions like her. We will have to see how online pans out, perhaps when things get really tough unprofitable stores will be shut rather than trying to revamp them. Things are changing and survival of the fittest will become the key GL.