Quarter Life Crisis
The world according to Sven-S. Porst
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454 words
British retail, especially supermarket retail, is among the most competitive on the planet.To me British supermarkets always seemed like particularly uncompetitive incompetent businesses: Many poor quality products for extortionate prices. And strictly no more fresh full milk after four in our local Tesco's. Probably the next sentence explains this:
Merlin Stone, business research leader at IBM, explains: "Grocery retailing in the UK is a classic oligopoly, with the top three or four firms accounting for around 60% of the market."Ah,
oligopolysounds a bit like
most competitivewith a lower bound on profits agreed upon throughout the industry.
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