The UK is entering an economic recession at the moment, triggered
by the global 'credit crunch'. Some famous supermarkets have gone bankrupt in the past few months, for example Woolworths.
This means that UK supermarkets are contracting rather than expanding into new markets. I guess the UK will be unable to challenge Wal-Mart or Carrefour in China for the next few years at least.
Showing posts with label challenge. Show all posts
Showing posts with label challenge. Show all posts
Wednesday, January 28, 2009
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