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COMPETITIVE FORCES Tesco PLC is the market leader in the UK food and grocery sector. The grocery sector in the UK is one of the most competitive sectors in retailing. A few companies that trade nationally through larger supermarkets and superstores lead the market. The larger supermarket chains such as Tesco's Sainsbury's, Asda nd Safeway (who have recently merged with Morrison's for an estimated £2.9 billion) have considerable buying power and influence on the food market as a whole, due to their retail supremacy. Due to this, the number of companies in the superstore market is fairly small. There are few regional companies and the smaller operators tend to compete in the market from smaller premises. Such operators are often classified as specialist foods stores or convenience retailers, which are not in direct competition to the supermarket chains. The UK grocery market was valued at an estimated £103.4bn in 2001. (Source:...

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