He is taking the reins at a tough time for the Wal-Mart-owned grocer shopping trolley. It has miserably underperformed its big rivals ever since coming last in the Christmas trolley wars. Its market share is on the slide, and it has fallen behind in the supermarket space race shopping trolley, having missed the boat on developing new, smaller stores.
It is still half the size of Tesco – which cannot be what retail superpower Wal-Mart had in mind when it acquired shopping trolley more than a decade ago.
Bond has kindly just laid out an ambitious five-year strategy that his successor will have to deliver shopping trolley. It will be a heave – a central plank is to expand non-food sales to more than £10bn. That’s triple the current level and is probably impossible without a shopping trolley takeover.
But for all the grandiose planning, there are more pressing matters shopping trolley in the market. Fixing the deficit could be painful for shoppers, and therefore retailers, and food inflation – on which grocers thrive – has disappeared.
Rival Morrisons, which has been setting the pace on sales growth shopping trolley for two years, has just limped home with a meagre 0.8% rise in like-for-like shopping trolley sales. More of the same is expected from Sainsbury on Thursday. Analysts reckon Asda is in negative territory.
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