tag:blogger.com,1999:blog-4740849900073154554.post5049788927473271286..comments2023-08-25T17:30:36.937+05:30Comments on Business Musings: When you pay to sell a businessRameshhttp://www.blogger.com/profile/11782192840421019943noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4740849900073154554.post-72173238064256782762013-09-20T07:37:21.881+05:302013-09-20T07:37:21.881+05:30@Prats - Yes indeed - but unlike say Food, shoppin...@Prats - Yes indeed - but unlike say Food, shopping habits are not so widely different around the world and clearly economy of scale works in retail. Price is still the prime driver , in mass commodities like grocery. That's the premise on which WalMart sells in the US and it is unclear to me why say Tesco with a similar approach can't win .<br /><br />@Shachi - Oh you lucked out. Clearly the Brits can never figure out the Folsomites :):)Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-50803438496864523472013-09-19T23:39:40.886+05:302013-09-19T23:39:40.886+05:30BTW, the local Fresh n Easy is closing tomorrow. A...BTW, the local Fresh n Easy is closing tomorrow. A friend happened to call me on Monday about their store closing sale and I lucked out - got SO much stuff (mostly non perishable items, and if it was food, ALL organic) for less than half the price. Folsom sure did not work out for them!Shachihttps://www.blogger.com/profile/05008713817905152623noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-79804466638964298392013-09-17T12:34:36.545+05:302013-09-17T12:34:36.545+05:30Isn't it exciting and imagine if Ron Burkle is...Isn't it exciting and imagine if Ron Burkle is able to turn this around. <br /><br />Retailing is a lot about localized customer behavior and localize on that. It involves a deep level of customer and local insight which is why large retailers are not able to cross these barriers. As a matter of fact retailer in most part of world doesn't address an existing problem. People want goods which are available there are existing retailers selling them the only two ways one can compete either being cost effective and second being local and associating with the consumer and it is ironical that large organizations run after the first while the second is more effective and profitable.Pratshttp://prats.co.innoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-60482806373953180292013-09-16T20:15:10.403+05:302013-09-16T20:15:10.403+05:30@Reflections - Thank you@Reflections - Thank youRameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-10984700771769484652013-09-16T17:53:19.967+05:302013-09-16T17:53:19.967+05:30Interesting read Ramesh, thanks for sharing:-).Interesting read Ramesh, thanks for sharing:-).Reflectionshttps://www.blogger.com/profile/07306120391459083770noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-70312514174331091202013-09-16T14:48:36.505+05:302013-09-16T14:48:36.505+05:30@Anon - Very likely.@Anon - Very likely.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-28931543464012848412013-09-16T14:02:20.756+05:302013-09-16T14:02:20.756+05:30Lessons of hubris not learned?
Tesco's "...Lessons of hubris not learned?<br /><br />Tesco's "reasons for Fresh & Easy's failure:<br /><br />1. The American recession- Kroger, Aldi and others prosper…..<br /><br />2. Americans didn't understand fresh food to go? So, the customer is obligated to understand the retailer?<br /><br />Interesting……...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-19677325411370733682013-09-15T09:36:16.362+05:302013-09-15T09:36:16.362+05:30@sriram - Oh Walmart, and for that matter, every o...@sriram - Oh Walmart, and for that matter, every other major retailer, is unlikely to do anything big on India in the near future. While they have been allowed in", Ramamritham has tied them up with so any conditions that no sane businessman will invest. We have to wait for Ramamritham to go , and as we know, that is like Waiting for Godot.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-21508199626299182262013-09-15T08:40:56.639+05:302013-09-15T08:40:56.639+05:30@Deepa - Now, that would have been a novel sales ...@Deepa - Now, that would have been a novel sales experiment. While such a concept has been mentioned in virtually every household, I am unaware of anyone actually trying it !!Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-31195793898784915992013-09-14T12:58:08.382+05:302013-09-14T12:58:08.382+05:30Not a clue about retail and I m not even an avid g...Not a clue about retail and I m not even an avid grocery shopper. But it did remind me of my dads scooter that we wanted to abandon on the streets with a 500 rs note on it so that someone took it. In hindsight that would have worked! :DDeepahttps://www.blogger.com/profile/16149267172223745802noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-303608175094693472013-09-14T08:10:54.673+05:302013-09-14T08:10:54.673+05:30It is an interesting larger issue, right, as to wh...It is an interesting larger issue, right, as to why retailers are not able to get into foreign markets, though the business logic might suggest that the big guys (no sexism implied!) would have figured out how to sell the products that customers are looking for?<br />Maybe if I had a few beer I will be able to figure that one out ;)<br /><br />BTW, whatever happened to WalMart going to India? Any updates from the old country?Sriram Khéhttps://www.blogger.com/profile/06724218458246880137noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-35469482703044487592013-09-13T06:54:37.036+05:302013-09-13T06:54:37.036+05:30@Shachi - Yes, I believe Fresh & Easy was cons...@Shachi - Yes, I believe Fresh & Easy was considered too small by American standards although by the standards of most other countries, it would have been considered perfectly acceptable !! I've never been into one, but apparently they all suffered from the same issues your describe.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-6876054287468752672013-09-13T01:33:19.377+05:302013-09-13T01:33:19.377+05:30Oh we have one here in town. The quality sucks. So...Oh we have one here in town. The quality sucks. Some of their produce is pre-packaged so people like me are not going to buy it. They also carry limited items, like organic stuff, and have smaller stores. People don't have time to stop at multiple stores to complete their grocery list. The only reason I occasionally go is because they send coupons for $5 or $10 in the mail (free money) and they are located right next to a great park where we take the kids, so I grab some bananas, a loaf of organic bread and some nuts. Shachihttps://www.blogger.com/profile/05008713817905152623noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-76651731391531734872013-09-12T20:16:53.765+05:302013-09-12T20:16:53.765+05:30@Niraj - Yes, its all part of the cycle. For a nu...@Niraj - Yes, its all part of the cycle. For a number of years Tesco could do no wrong while Sainsbury slipped down. Now Tesco is having some bad quarters.<br /><br />I can understand Waitrose, but Asda ??????!!!!!!!!Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-3536922153167689612013-09-12T17:18:07.185+05:302013-09-12T17:18:07.185+05:30Retail is always a mystery, one can never figure o...Retail is always a mystery, one can never figure out what will work and what will not.<br /><br />I guess in a way it is good for Tesco to exit US markets to concentrate on issues at home. They have not been performing great here and have issued profit warnings (which was unthinkable in the past).<br /><br />Personally, I find them a rip off with inferior quality and would take Asda (for bargain) or Waitrose (for quality) on any given day of the week :)<br /><br />Niraj Dhupianoreply@blogger.com