Budgens
 | This article needs additional citations for verification. (August 2016) |
| File:Budgens-logo.png | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1872 |
| Headquarters | Harefield, Greater London, England |
Area served | England and Wales |
| Parent | Booker Group |
| Website | www |
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 in Maidenhead, Berkshire. The business was incorporated as a private limited company on 28 May 1962. The company is a subsidiary of Booker Group.
History
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-Eleven 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.[2] 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.[citation needed] 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.[citation needed] 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,[3] but as of March 2009[update] 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).[4]
In May 2015, Budgens' parent company Musgrave Group confirmed it had reached an agreement to sell Budgens and Londis for £40 million to the wholesaler Booker Group, subject to regulatory approval.[5]
Stores
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]
The first two Scottish stores opened in July 2016, these were bought from the co-operative and had previously been Somerfield and Safeway stores.[citation needed] They are located in Paisley and Prestwick.
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]
Corporate identity
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Currently, there is no official record of previous corporate identities used by this company. As the supermarket concept developed in the UK in the 1950s, the appearance of the brand names developed as well and were designed to be colourful, eye-catching and distinctive. Budgens adopted a colour scheme during the late 1960s which incorporated orange as the base colour, very popular at the time. The stores were branded simply as 'Budgen', a progression from 'Budgen & Co. Ltd.', in a unique white font on the orange background.
A distinctive logo was also used for the 'Budgen' branding, which incorporated a tulip (symbolising freshness) depicted in orange and white on a brown rounded square background. The orange 'Budgen' corporate identity was used from c. 1968 to 1989.
Budgen was subsequently rebranded 'Budgens' from c. 1990 onwards. The orange gave way to a white background, the tulip logo disappeared and the font was changed to a handwriting-style scribble, in orange, underlined in green. There is as yet no record of this identity either, which was used until c. 1997, when the identity was altered again. A dark green colour scheme with 'Budgens' in white capital letters was introduced. This identity has again been replaced with a lighter two-tone green background, with the 'Budgens' device now depicted in a lower case font.
References
- ^ ‘Supermarkets’, Competition Commission report presented to Parliament in October 2000, chapter 5, page 72
- ^ Week, Marketing (18 June 1998). "Budgens rebrands b2 stores". Marketing Week. Retrieved 2 August 2016.
- ^ "Musgrave Group". Musgrave.ie. 26 May 2016. Retrieved 2 August 2016.
- ^ "Musgrave to buy somerfield stores to increase budgens chain". Budgens. Retrieved 13 May 2009.
- ^ "Booker Group to buy Budgens and Londis". BBC News. 21 May 2015. Retrieved 21 May 2015.
- ^ "Britain´s biggest Budgens opens after £1 million investment - Our latest news". Budgens.co.uk. 15 November 2011. Retrieved 2 August 2016.
- ^ "Budgens Award Winners". Budgens. Retrieved 13 May 2009.
- ^ "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[permanent dead link]
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
| 'Big four' | |
|---|---|
| Convenience | |
| Discount | |
| Frozen specialists | |
| Online | |
| Premium | |
| Regional | |
