Global food retailers expand small formats, discount banners during economic downturn
The worldwide economic slowdown has sharpened the focus of global food retailers on their small-format and value banners, as a reduction in consumer spending power has exacerbated the challenges these operators already faced. It also has led to an increase in consolidation activity around the world, despite the tight credit market, as well-capitalized retailers have scooped up struggling rivals to strengthen their positions in existing markets. The world's largest grocery retailers are ...
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