That’s the view of the members of The Grocer Top 50 on our Reader Panel this week.
Just over three-quarters viewed Tesco as the biggest threat. One independent said Tesco “leaches business away from a larger area than any of the others, jeopardising a greater number of independents.” And over 45% of those polled said Tesco Express had the best convenience offering with 27% opting for Sainsbury’s Local.
While some thought the Co-op had the best convenience offering (27.3%), over half said it had the worst c-store operation.
All polled were concerned at the multiples’ thirst for more acquisitions. “We can’t compete with the acquisitive clout of the multiples,” said one. “The typical market price of a worthwhile c-store has at least doubled in the last 18 months.”