Duffer Meanswear

[Mayneway]

RE: Duffer Meanswear

(02/03/2016 18:45)jcksmnr Wrote:  Netto UK sold out to Asda but Asda didn't keep all stores, Morrisons taking on the empty site as they also did in Earlestown, however this has now closed as a Morrisons.

Netto didn't sell out. Netto is and always has been a large well known Danish/Scandinavian discount retailers. Following on from the huge success of Kwicksave and thier 'no frills' discount brands Asda was keen to muscle in on what was seen as the next big boom. They brought the Netto brand to the UK basically sourcing buildings/land and providing warehousing and logistics all for a share in any UK profits. Walmart bought ASDA and decided that with it's massive buying power it could provide the discounts in thier own stores rather than in sister outlets (netto) so the partnership was ended and the netto brand disapeared with tbe majority of Netto stores becoming Asda convience stores although some were leased to other companies by the building owners.

Over 15 years on and with the huge success Aldi and Lidl are seeing, sainsburys wants a a slice of the action and has basically brought the brand back, on a similar set up that Asda had, the first store opened in 2015 in Middleton and nettos UK head offices are also based in Manchester. As well as selling a lot of own brand items at discounted prices they also sell well known branded goods with short shelf life's - often stuff that's been taken out of sainsburys stores ect.
I think it's either a 3 or 4 year deal so netto could again disappear and be replaced with more sainsburys local stores lol.