Wal-Mart in Bid for Chilean Supermarket Retailer
Bentonville, Ark. Wal-Mart Stores on Friday said it has made an all-cash offer to buy Distribucion y Servicio D&S SA, which operates the largest supermarket chain in Chile. If completed, the deal would give Wal-Mart a foothold in Chile’s highly competitive retail market. Santiago-based D&S is Chile’s largest grocery chain, with more than 140 locations.
D&S said late Friday that the offer would be made within 10 days and was for 40.8 cents a share. It was made in the name of Inversiones Australes Tres Limitada, a unit of Wal-Mart.
“Moving into Chile is an important step in implementing Wal-Mart International’s strategy. We continue to focus on portfolio optimization, global leverage and winning in every market,” said Michael T. Duke, vice chairman, Wal-Mart Stores, Inc. “A successful tender offer will give Wal-Mart the opportunity to be a significant participant in Chile, which continues to have a strong and growing economy among South American countries.”
Craig Herkert, Wal-Mart International president for the Americas, said Wal-Mart and D&S share “a laser focus” on price leadership, according to the Associated Press.
“Both companies also have the same core values and business philosophies: respect for the individual, service to the customer and striving for excellence,” Herkert said.
Wal-Mart said the tender offer is contingent on the approval of investors holding at least 50.01% of D&S shares. The Ibanez family that controls D&S has agreed to tender a portion of its shares, Wal-Mart said.
The purchase would reinforce Wal-Mart’s growing strength in Latin America, where it already operates stores in Argentina; Brazil; Costa Rica; El Salvador; Guatemala; Honduras; Mexico; Nicaragua; and Puerto Rico.
Hannaford to implement Retail Solutions POS service
SUNNYVALE, Calif. Hannaford, which operates 167 stores in the Northeastern United States, will start sharing product point-of-sale (POS) data by store, by day and by SKU using Retail Solutions Demand Signal Management (DSM) solution.
“We look to Retail Solutions to help our suppliers access and leverage our data,” said Scott Craig, director of supply chain services, Hannaford. “Retailer-supplier collaboration is a key strategy for Hannaford and we need a single version of the truth – a rich, up-to-date data set on which to base our decisions. Retail Solutions provides this data foundation at a minimum effort and cost for all parties.”
SuperTarget among healthiest groceries
MINNEAPOLIS Health magazine has chosen SuperTarget as one of the top ten healthiest grocery stores in the United States.
To chose the 10 healthiest stores, Health magazine teamed up with a panel of nutrition experts to review the 35 largest grocery stores on freshness of produce, taste of prepared foods, healthfulness of packaged goods and availability of supplemental nutritional information.
“The recognition by Health magazine acknowledges our commitment to providing SuperTarget guests with healthy, high quality food options at low prices,” says Greg Duppler, senior vp of Target. “Through our certified organic produce department, better-for-you food choices and Archer Farms collection, SuperTarget makes healthy shopping easier for our guests.”