Netto UK
 | |
| Company type | Private |
|---|---|
| Industrie | Einzelhandel |
| Genre | Supermarket |
| Gegründet | 1990-2011 2014- |
| Hauptsitz | Vereinigtes Königreich |
Area served | Vereinigtes Königreich |
| Owner | Dansk Supermarked Group 1990-2010 Asda 2010-2011 Dansk Supermarked Group (50%) and J Sainsbury plc (50%) 2014- |
| Website | http://www.netto.co.uk |
Netto is an upcoming discount supermarket chain in the United Kingdom.
History
Foundation
Netto began operating in England in Leeds on 13 December 1990, with the company's UK headquarters being based in the ex-mining village of South Elmsall, West Yorkshire. Netto primarily expanded in central England, before moving south into London. There were a total of 194 stores in the UK, all in England and Wales.
Expansion
Stores later opened in London, Carlisle, Dover, Leeds, Liverpool, Blackburn, Bolton, Burnley, Southampton, Stoke-on-Trent, Barrow-in-Furness, Leicester, Sheffield, Bury, Rotherham, Birmingham, Bradford, Manchester, Hartlepool, Accrington, Chorley, Middlesbrough, Newcastle upon Tyne, Kingston upon Hull, Market Weighton, Wakefield, Sunderland, Kidderminster, King's Lynn, Bedlington, Wigan, Shrewsbury, Lincoln, Tamworth, Goole and York.
Plans for a £200m investment in 70 stores in South Wales were cancelled due to logistical issues, resulting in the sell-off of stores in Barry and Caerphilly. Four stores were opened in North Wales in Holyhead, Llandudno Junction, Flint and Caernarfon.
Many prices were very similar to wholesale prices, in a style and concept closest to the now defunct Kwik Save brand. To enforce fairness to all shoppers, many offers were limited to 6 per person. Netto sold brand-name products, such as Pepsi and Walkers Crisps which were often parallel imports.
Sale to Asda
In May 2010, Netto UK was bought by Asda for £778m to increase its smaller store portfolio. The rebranding of 147 former UK Netto stores under the Asda name was complete by the end of the summer of 2011. Competition laws required Asda to sell the remaining 47 stores to other companies such as Morrisons, new convenience store Ugo, and other retailers.[1][2]
By 2011, the 193 Netto stores were sold to Asda, who under Competition commission requirements, then disposed of 27 stores to Morrison's and 20 stores to the Haldanes group. Haldanes created a new brand of stores named Ugo and attempted to duplicate the success of Netto by selling similar products. This venture failed and Haldanes went into administration in February 2012, with the 20 stores being sold to the Poundstretcher group.
Re-establishment with Sainsbury's joint venture
In 2014, Netto announced a joint venture to operate supermarkets with Sainsbury's. 15 Netto stores will open in the North of England by the end of 2015.[3] The stores will be between 10,000 sq ft and 15,000 sq ft in size.[4]
Operations
Original UK business
| Land | Stores | From | Until |
|---|---|---|---|
 Vereinigtes Königreich |
193 | 1990 | 2011 |
Current UK business
| Land | Stores | From |
|---|---|---|
| Vereinigtes Königreich |
15 | 2014 |
References
- ^ "Asda buys Netto's British stores". The Daily Telegraph. London. 2010-05-27.
- ^ http://www.retailgazette.co.uk/articles/10000-oft-allows-asda-to-open-147-exnetto-stores
- ^ The Grocer, http://www.thegrocer.co.uk/companies/supermarkets/sainsburys/sainsburys-to-bring-back-netto-in-the-uk/358784.article
- ^ Netto, http://www.netto.co.uk/NET_03-1%20PRESS%20DAY%20LOCATIONS%20FLYER%20A5.pdf
External links
