Budgens

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Budgen Stores Ltd
Type Subsidiary
Industry Retail
Founded 1872
Headquarters Harefield, Greater London, England
Area served England and Wales
Parent Musgrave Group (2002–present)
Website www.budgens.co.uk
Budgens in Southam

Budgens Stores Ltd (branded as Budgens) is a chain of foodstores in the United Kingdom. The business was founded in 1872 by John Budgen,[1] who opened the first store at Maidenhead, Berkshire. The business was incorporated as a private limited company on 28 May 1962. The company is a subsidiary of Musgrave Retail Partners GB.[2]

History[edit]

The first Budgens store was opened in 1872, by John Budgen. The first stores were small local grocers, which expanded across the south of England.

In October 1997, Budgens acquired the 55 store UK network of 7-11 stores, re-branding them with the concept name 'B2'. Very soon afterwards it was clear that the name was not popular with customers and the 30 stores that were outside London began trading under the 'Budgens' fascia.[3] The 'B2' branded stores in London were then changed to 'Budgens Express' before finally reverting to the 'Budgens' brand[citation needed].

In 2002, the company was purchased by the Irish Musgrave Group. Two years later, they started selling their Budgens stores; the largest stores were disposed of on the open market with stores in places including Tadley and Mildenhall to larger store chains. Other stores were divested to independent retailers including Jempsons and Tout and CT Baker who continue to trade from them under the 'Budgens' name. Musgraves also franchised the Budgens brand, leading to more store openings in the independent sector and expanding the brand to many forecourt stores[citation needed].

In 2007, the divestment of the original Budgens stores to independent retailers was completed,[4] but as of March 2009 a few Budgens stores whose franchise-holders had failed to perform had been returned to Musgrave.[citation needed] A further eight stores were bought in 2009 from the Co-op (who had acquired them on taking over the Somerfield group but were instructed to dispose of them by the Office of Fair Trading).[5] Once these new stores have been re-fitted and stocked as Budgens stores they will be divested.[citation needed]

Stores[edit]

The stores range in size from around 140m² to around 900m²[citation needed], and therefore fall into the convenience store size range and the bottom end of the supermarket size range, as these two terms are used in the UK. According to retail analysts TNS Worldpanel, Budgens ranked 13th in the UK grocery sector in December 2004, with a market share of 0.4%[citation needed].

The largest Budgens store is in the town of Holt, Norfolk, with just over 13,000 square feet/1,207m² after an upgrade in 2011.[6]

In 2006, 2007, 2008 and 2012, Budgens was voted fresh foods convenience retailer of the year in the company-owned sector at the Retail Industry Awards.[7][8]

References[edit]

  1. ^ ‘Supermarkets’, Competition Commission report presented to Parliament in October 2000, chapter 5, page 72
  2. ^ http://www.musgravegroup.com/en/about_us.php#2
  3. ^ "Budgens rebrands b2 stores". Marketing Week. 
  4. ^ Musgrave group press release accessed 20 March 2009
  5. ^ "MUSGRAVE TO BUY SOMERFIELD STORES TO INCREASE BUDGENS CHAIN". Budgens. Retrieved 2009-05-13. 
  6. ^ http://www.budgens.co.uk/whats-in-store/article/42-britains-biggest-budgens-opens-after-pound1-million-investment
  7. ^ "Budgens Award Winners". Budgens. Retrieved 2009-05-13. 
  8. ^ "2012 Winners". Retail Industry Awards. Metropolis Business Media. Retrieved 19 January 2014. 

9.Photographic reference of 1969-1989 'Budgen' corporate identity: http://www.photosoftadley.co.uk/main.php?g2_itemId=1261

10.Photographic reference of early 1969 'Budgen Supermarket' corporate identity, - 2 Hitchin Street, Biggleswade, 1 January 1970: http://www.historypin.com/attach/uid81/map/#!/geo:52.086119,-0.265336/zoom:15/dialog:9162/tab:details/

External links[edit]