Verdict believes that Carrefour, Tesco and Metro are best placed to benefit from the enlargement of the EU, given their growing international trading expertise, multi-format operations and “deep pockets”.
Verdict, in its latest report, European Grocers 2003, estimated the total grocery spending - covering food, drink and tobacco - across the EU amounted to 864bn euros in 2002.
The report said the two grocers that stand out with the most developed multi-dimensional trading strategies are Carrefour and Tesco.
Carrefour had sales of 61bn euros in the EU in 2002 - a market share of 7.3% - compared to sales at Tesco of 36bn euros and a 4.3% share.
Verdict said the key issues for grocery retailers will become: improving the efficiency of their supply chains, driving productivity initiatives and increasing sales volumes, targeting non-food sales, corporate merger and acquisition activity and developing their multi-faceted trading strengths.