Sale of the Marple CO-OP to ASDA

[amazon]

Great roll on February .or even sooner .

14 feb they take over ....

[amazon]

Competition and Markets Authority case CMA clearance decision....

28 November 2014: The CMA has cleared the anticipated acquisition by Asda Stores Limited of 5 grocery stores and 3 petrol filling stations from Co-operative Group Limited. The full text of the decision will be available shortly.
https://www.gov.uk/cma-cases/asda-stores-limited-co-operative-group-limited-5-stores

Great roll on February .or even sooner .

[curlywurly]

Competition and Markets Authority case CMA clearance decision....

28 November 2014: The CMA has cleared the anticipated acquisition by Asda Stores Limited of 5 grocery stores and 3 petrol filling stations from Co-operative Group Limited. The full text of the decision will be available shortly.
https://www.gov.uk/cma-cases/asda-stores-limited-co-operative-group-limited-5-stores

[amazon]

An interesting link from curlyworly.  As the nearest existing Asda is in Hazel Grove, I would be surprised if this was regarded as 'a substantial lessening of competition'.

yes your right Marple is no exactly saturated with supermarkets .

[Dave]

An interesting link from curlyworly.  As the nearest existing Asda is in Hazel Grove, I would be surprised if this was regarded as 'a substantial lessening of competition'.

[curlywurly]

So not much longer to wait........... Decision due 28 November 2014.   
The (CMA) Competition and Markets Authority is investigating the anticipated acquisition by Asda Stores Limited of 5 grocery stores from Co-operative Group Limited.
https://www.gov.uk/cma-cases/asda-stores-limited-co-operative-group-limited-5-stores

[Duke Fame]

For Simone and Wheels benefit:-

Asda - has - a - plan - to - move - into - the - "con-ven-ience" - market - this - includes - smaller - local - town - super-markets - as - well - as - small - garage - forecourt - shops - perhaps - this - is - their - plan - for - Marple.

I've put the above into words of as few syllables as possible but I can translate it into French, German, Welsh or Spanish if you would find one of those easier to understand.

For the rest of the world - In 2010 there was a Dow Jones report of an interview with a Walmart spokeswoman which stated categorically that Asda would be concentrating on opening smaller stores in the UK as part of its long term game plan. I was suggesting that, perhaps, Asda's purchase of the Co-op's smaller supermarkets (of which Marple is one) may be part of that strategy. They have already re-opened a small store in Sheffield in one of the premises they bought from Netto and intend continuing with more of the same.

I hope that is now clear.

Their Netto stores have all been transferred to Asda or sold off. There will be a lot of tooing & froing on the purchase of any hypermarket site as there are now planning issues surrounding any new hypermarket as there is a (too little too late) concern about the impact on existing and established high streets.

The strategy to aim at smaller stores is driven by the lack of hypermarket sites available.

[amazon]

I thought it was Reddish

Ok reddish then does it really matter most people know we're whicks is anyway ....

[alison]

I thought it was Reddish

You are both kind of right. It's officially Reddish, near Wickes and Halfords. I drive past it every day. Its opening in the next two weeks and the floor space is big but not anywhere near the size of the stockport superstore. Its probably about the size of the Asda in Hazel Grove. It looks like about a third of the space has been given over to George.

Anyhoo, back to Marple....

[Duke Fame]

So why are they opening a large supermarket at hillgate . That's near Wicks .

I thought it was Reddish

[amazon]

For Simone and Wheels benefit:-

Asda - has - a - plan - to - move - into - the - "con-ven-ience" - market - this - includes - smaller - local - town - super-markets - as - well - as - small - garage - forecourt - shops - perhaps - this - is - their - plan - for - Marple.

I've put the above into words of as few syllables as possible but I can translate it into French, German, Welsh or Spanish if you would find one of those easier to understand.

For the rest of the world - In 2010 there was a Dow Jones report of an interview with a Walmart spokeswoman which stated categorically that Asda would be concentrating on opening smaller stores in the UK as part of its long term game plan. I was suggesting that, perhaps, Asda's purchase of the Co-op's smaller supermarkets (of which Marple is one) may be part of that strategy. They have already re-opened a small store in Sheffield in one of the premises they bought from Netto and intend continuing with more of the same.

I hope that is now clear.

So why are they opening a large supermarket at hillgate . That's near Wicks .

[simonesaffron]

As I said 'perplexing.'

I think that it is highly unlikely that Asda are going to purchase a 17,000 square feet store and turn it into a 4000 square feet store.

Thanks for the offers of the translations login but your hypothesis might make more sense if you translated it into Mandarin Chinese. 

[Dave]

Useful definitions here:  http://www.igd.com/our-expertise/Retail/Convenience/3369/Convenience-Retailing-Market-Overview/

In the UK, a convenience store is defined as being under 3,000 sq.ft trading area.  Anything bigger than that is subject to the six-hour restriction on Sunday opening hours. 

[Harry]

I think that Asda's plan is to move into the convenience store market, as have Sainsburys, Tesco and Morrisons, in addition to having larger supermarkets. This is in contrast to the co-op who have stated that they are moving solely to convenience stores.

A convenience store tends to be up to approx 4,000 sq ft. Marple's Co-op is 17,000 sq ft. Obviously a supermarket as its far too large to be classed as a convenience store.

[My login is Henrietta]

With Simone on this your not making any sense at all H.

For Simone and Wheels benefit:-

Asda - has - a - plan - to - move - into - the - "con-ven-ience" - market - this - includes - smaller - local - town - super-markets - as - well - as - small - garage - forecourt - shops - perhaps - this - is - their - plan - for - Marple.

I've put the above into words of as few syllables as possible but I can translate it into French, German, Welsh or Spanish if you would find one of those easier to understand.

For the rest of the world - In 2010 there was a Dow Jones report of an interview with a Walmart spokeswoman which stated categorically that Asda would be concentrating on opening smaller stores in the UK as part of its long term game plan. I was suggesting that, perhaps, Asda's purchase of the Co-op's smaller supermarkets (of which Marple is one) may be part of that strategy. They have already re-opened a small store in Sheffield in one of the premises they bought from Netto and intend continuing with more of the same.

I hope that is now clear.