Tuesday 10 July 2007 2.13am
so its theirs now and hopefully an alternative to the dire sainsbury will mean a decent choice for shoppers. i expect tesco to win this battle of the retail giants
I'm not sure if I can find cause for celebration in the addition of the upteenth soul-less and generic Tesco to the London landcape. Worse yet, it is just the start of a march of chains - and chain-level rents - that wipe out any last vesigtiges of local character remaining that south end of TBR. You can pretty much predict them with your eyes closed: Tesco, Starbucks
/Costa, Rymans, Pret, McDonalds etc
I doubt there was ever a battle. Sainsbury's already have a store in a far better location......It's about 10% of the size a small Waitrose would need and about 5% of what Morrison's would need. In both these instances the lack of parking would make it a dead in the water possibility anyway. Thus it was going to be Tesco if it was any mainstream operator.
Morrisons does have smaller stores and in fact their executives already realise that going forward, smallers stores will be the key to their growth. But any initiative was absent here, even though South London should be a target area for them.
Waitrose too - in fact, why they have not already established themselves in that huge newbuild complex in the middle portion of Long lane is a mystery to me. IMO they were too busy counting on us trekking to St Kats & to Canary Wharf, to see that this area is a HUGE South London beachhead they should have jumped on. In 5 years it will be be pretty much the same residential profile as the rest of zone 1.
Even Spar could have gone into that store Tesco is taking, using the type of store they have just south of Picadilly Circus. But they are AWOL here.
Aldi recently opened in a very interesting and relatively compact city-centre store in Manchester, similar to their "Trader Joe"-branded chain in the US. Again, why could they have done this here at Tabard Square
Either Tesco is doing something very underhanded in the real estate end of thins - or the competition just doesnt have any balls. But I just dont believe that Tesco is the only one who had anything to offer there.