Quote Big Graeme="Big Graeme"That's very corporate of you...
The vast majority of these stores were part of the T&S group that was bought by Tesco, the didn't put the chain together, they have added to it by buying chains like Europa and Cullens. None were newsagents.
So Tesco hasn't been able to bring its supply chain knowledge and clout to One Stop? It hasn't been able to negotiate better rents due to its size?
In reality they sell many of the same lines as Tesco Express and Metro yet have a much bigger mark up ([url=http://www.dailymail.co.uk/news/article-1259842/Tesco-charging-higher-prices-groceries-chain-One-Stop-local-shops.htmlan average of 14% more[/url), but they don't want the average customer to know that after all many of these store are located in the poorer areas of town.'"
Yes, I'm corporate through and through.
The most recent acquisition for One Stop was Mills, which were predominantly newsagents.
As I said, the distribution footprint is completely separate to Tesco. Buying is in house, as is corporate purchasing. There is no combined leverage of scale.
I spent a few weeks in OS head office earlier this year, before coming to Thailand, and whilst there are definite synergies, there is currently no desire to integrate. It's a wholly owned subsidiary that is run as a completely separate business.
