Puneet Varma (Editor)

REMA 1000

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Type
  
Discount store

Owner
  
Reitangruppen

Website
  
www.rema.no

Headquarters
  
Oslo, Norway

Motto
  
Bare lave priser

Parent organization
  
Reitan Group

Area served
  
Scandinavia

Number of employees
  
6,312 (2004)

CEO
  
Ole Robert Reitan (2001–)

Founder
  
Odd Reitan

Number of locations
  
444

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Revenue
  
NOK 20.6 billion (2004)

Founded
  
15 February 1979, Trondheim, Norway

Profiles

Mr bean p rema 1000


REMA 1000 is a multinational no-frills supermarket chain owned entirely by the Reitan Group (Reitangruppen). REMA is a short for Reitan Mat (Reitan Food), referring to Odd Reitan (founder of the company). 1000 refers to offering a selection of only one thousand different products (see the history section).

Contents

With their headquarters located in Oslo, Norway, REMA 1000 includes businesses in Norway and Denmark. The chain is based on a franchised discount concept: buying large quantities of a limited range of products and offering these to semi-independent owners under their brand. By 2004, REMA 1000 includes 444 supermarkets spread around Scandinavia.

In Norway, the supermarket chain captured 17.5% (2004) of the total revenue by all Norwegian supermarkets, taking the lead over its closest rival RIMI. By market share it is therefore the single largest supermarket chain in the country.

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The supermarkets

REMA 1000 supermarkets are known for not spending large sums on aesthetics. As a matter of fact one of the chain's slogans is “The simple is often the best” (Norwegian: “Det enkle er ofte det beste”) and this reflects on the layout concept in the supermarkets. Products are mostly positioned by crate or even by pallet to save the cost of positioning them in a more attractive way, a strategy not unique to REMA. It is still REMA 1000’s official policy of not letting cost-saving damage the basic idea of simplicity (in accordance with the slogan). Wide corridors and informative signs are therefore present to simplify the shopping.

History

Odd Reitan, the founder of the company, opened the first REMA supermarket in Trondheim, Norway, 15 February 1979. Originally some stores were named 'REMA 500', indicating its number of food variety (later to be expanded). The owners had recently visited Germany where they had been impressed by the Albrecht brothers (Theo and Karl) supermarket chain ALDI's success. They wanted to adapt the ALDI concept to Norwegian conditions.

Originally REMA attempted success with a selection of only 500-600 different products, but soon realised that this selection was too narrow. The success of the third REMA supermarket (opened in Mo i Rana, 8 May 1980) with a selection of 1,000 different products, paved way for the REMA 1000 brand. Since then, REMA 1000 have expanded their selection to more than 2,500 different products, but the name has not been updated along the way.

In 2004, the chain celebrated its 25-year anniversary.

References

REMA 1000 Wikipedia