Food Retail Assignment Example | Topics and Well Written Essays - 2000 words

Food Retail - Assignment ExampleGiven the trend toward globalization and international expansion of marketplaces, modern retailers are faced with change magnitude argument as well as the need to expand their products and services to appeal to broader market segments. This process is requiring retail grocers to identify and target specific ethnic market segments. In the same way that US retailers suck successfully targeted Hispanic consumers, international retail grocery companies such as Tesco must focus on diversifying their product line and successfully marketing to significant segments such as the Islamic community.According to the company, Tesco is one of the worlds leading international food retailers with over 2500 stores ecumenical and a commitment to long-term growth (Tesco At a Glance, 2006 1). In fact, it has been called the success story of British supermarket retailing whose industry leadership has been widely genuine (Kacker & Sternquist, 1994 202). This places th e organization at the forefront of market development because its broad reach locates its outlets in many different markets with an extremely diverse customer base. In those areas which have high concentrations of devout Muslims, this means offering a product line that comports with the strict dietary laws k directlyn as proper. There is no doubt slightly the fact that the Muslim community has significant economic power in France, it is estimated that if the 60 million Muslims who reside there would consume and purchase only Halal meat, the product could account for 10% to 15% of the French national meat market (Kutschera, 1996 40). Given Tescos stated corporate responsibility policy, which notes the organizations intent to appeal to customers across many social and economic ranges as well as use their size and success as a force for good in playing an important role in local communities, Tesco has given itself no choice but to develop products that will appeal to this constitue ncy (Tesco Corporate Responsibility, 2005 1).The concept of Halal, which means acceptable, is to the Muslim community what Kosher is to the Judaic community. It is a set of dietary laws which prescribe the manner in which foods are processed prior to being consumed, and there is increasing Muslim demand for the provision of these products (Haddad & Lummis, 1987 20). In fact, making acceptable food available to devout Muslims is so important that many European countries are now including it as part of the food services available in public institutions such as schools and hospitals and if they cannot find it elsewhere, many Muslims will purchase their meat from Jewish shops because of