We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

tesco have announced price drop has failed

Options
123457

Comments

  • Prices stable?? Not in the days of rampant inflation they weren't............ ah, the good old days (not)

    I've never liked Tesco, always shopped at Sainsburys. What I have done now I don't have a car is changed the way I shop. I no longer do everything in one go at one place and I suspect with the internet there are plenty more people that don't do that any more. We have mysupermarket to check the prices and we can track down bargains. That also means we can spot when supermarkets are taking the p**s.... Tesco have taken their position and their customers for granted and it's cost them dear. Maybe they'll take note but I suspect not!
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Prices stable?? Not in the days of rampant inflation they weren't............ ah, the good old days (not)


    It depends how far back you go. The real inflationary boom was in the 1970s. Prior to that, JackieO is quite right - prices moved very slowly and because there was so much less disposable income, people noticed and complained if there were sudden increases.
  • A._Badger wrote: »
    It depends how far back you go. The real inflationary boom was in the 1970s. Prior to that, JackieO is quite right - prices moved very slowly and because there was so much less disposable income, people noticed and complained if there were sudden increases.

    Yep, I grew up in the 60's and 70's so that's the period I was referring to ....... I used to tell my kids many tales of the great sugar and coal shortages (then they got bored) :D
  • - I am not really bothered cos I am not the kind of person who can do an black and white analysis in 2 lines. I live in a full colour world which is Russian doll within a Russian doll and I'd need to do a 20 page analysis, but some quick ideas.
    - There is a good 5 minute interview on 5Live Wake up to money http://www.bbc.co.uk/programmes/p00n550n
    Andy Verity challenges Tesco's Finance director Laurie Mcllwee

    Mcllwee is a bit soft and doesn't make all the points he could
    I'd add
    1 - everyones pension fund has shares in Tesco
    (except me cos I don't have a pension)
    2- overall it's figures are a 5.2% INCREASE in sales over Chrsitmas
    2 -it becomes a 2.3% FALL when you strip out the effect of new shops
    3- he fails to mention that if you open a new shop next to another one , then of course the existing ones sales will fall
    4- He fails to mention that if you cut prices then cash sales fall, by the value of the discounts unless people buy more products
    5- I think the share panic is to do with market expectations rather than "Tesco is falling apart". Look other shops like Argos had sales fall by 18% whereas Tescos fell by 2.3% when they had predicted 0.9%
    6- The second part of the share price panic is maybe cos some competitors sales didn't fall as much ... maybe they discounted by 2 for 1s instead of cash off.
    7- People complaining about rip off practices ..many shops have margins of 30, 50 and 80%. Capitalism is not about buying something and adding 10%, it's about matching a product with what someone is prepared to pay for it. Customers not accustomed to haggling don't realise that a 50% off off product is worth nothing if you don't need it, but if you really desire now something maybe it's worth a 800% markup to you.
    8- All businesses push the margins to try tricky practices , but it up to the regulator keep control.
    At the end of the day however spurious these "now 80%" offers turn out to be ..the products do always have price tags on and if you don't like the price don't buy the product.

    byeee (he said provocatively)
  • Le73Uq86Uv
    Le73Uq86Uv Posts: 336 Forumite
    edited 14 January 2012 at 4:19PM
    ''If you claim to be the cheapest, call me old-fashioned, but it helps to really be the cheapest.''
    (Asda spokesman Nick Agarwal re - Tesco's DTD)

    thisismoney.co.uk
    Signature removed club member No1.

    It had no link, It was not to long and I have no idea why.
  • Lynsey
    Lynsey Posts: 9,486 Forumite
    I've been Money Tipped!
    I wonder how long it will take the other BIG 3 to come up with marketing aimed at the "current" Tesco press and issues??

    In theory stores can basically charge what they want and they can try to confuse customers with pricing tactics.............that's their choice.

    Whether the customers accept and puts up with it......................that's their choice.

    I do pop into Tesco now and then, mainly to use coupons to my advantage. If they ever stopped taking coupons, I would have no need to go there, unless they had a silly offer on that no-one could match................and I needed it.

    In my eyes, trying to "trick" your own customers is NOT good customer care, you cannot build loyalty on that...............or can you?? British Gas seems to be doing OK!!!!

    Lynsey
    **** Sealed Pot Challenge - Member #96 ****
    No. 9 target £600 - :staradmin (x21)
    No. 6 Total £740.00 - No. 7 £1000.00 - No. 8 £875.00 - No. 9 £700.00 (target met)
  • No surprise to see the sales fall, I think they have been resting on their laurels for a long while now.

    Personally I find their stores cold, the own brand food generally bland and the staff usually look fed up and miserable.

    I could put up with the above if the prices were cheap (such as how Aldi/Lidl have basic store layouts and less staff to keep costs down) but the prices have steadily got worse and worse.

    I am glad the public has seen right through their farcical 'price drop' which was about as believable as the never ending DFS sales.

    I do however wonder if we have now reached a peak for 'big superstore' style shopping...in the last few years I have stopped doing 1 big weekly shop at a big supermarket, and am now instead making 3 smaller trips to other retailers.

    I get my toiletries and groceries at B&M Bargains/Home Bargains as the prices are so much lower. Buy luxury items (such as say a joint of Beef for a Sunday roast) from Waitrose or M&S due to the quality...and then finally make a much smaller trip to one of the Big4 for any items I have missed.

    Basically Tesco isn't coming out top on price, quality or shopping experience...and this is what is turning shoppers away.
  • davsidipp
    davsidipp Posts: 11,514 Forumite
    ive been using waitrose lately their basic items are the same price as the others plus you can shop in peace and when they reduce i buy their meat as it is a better quality.for cleaning stuff i use poundland and wilkos .tesco adverts are so misleading half the time that i dont read or watch them anymore and i hope people see them for what they are.
    Before you point fingers,make sure your hands are clean !;)
  • davsidipp wrote: »
    ive been using waitrose lately their basic items are the same price as the others plus you can shop in peace and when they reduce i buy their meat as it is a better quality.for cleaning stuff i use poundland and wilkos .tesco adverts are so misleading half the time that i dont read or watch them anymore and i hope people see them for what they are.

    Its no surprise that Waitrose and growing and posting better and better profit figures. Their 'Essentials' range has really changed the game for them, it means they offer a value product that is far better quality than other supermarket 'value' or 'own brand' ranges but makes them a lot more competitive on price than they used to be. I also find their stores uncluttered and well laid out, and the staff friendly and well trained.

    the discount stores are also changing the supermarket game, people are growing increasingly aware that they can get the same cleaning products, toiletries and groceries for the same price as the main supermarkets, and the 'stigma' of shopping at a discount store has pretty much gone.
  • gailey_2
    gailey_2 Posts: 2,329 Forumite
    Part of the Furniture Combo Breaker
    Been to 3different tescos last 24hours.

    only amazing deals caught my eye was

    baby bel 79p cheapest I ever seen it was £1

    6pack code £1.42 which is ok as its over £3 mark.

    sadly went in sainsburys tonight and not dazzled.

    They price matched tescos rise in fromage frais to 50p!
    Queues worse than tesco.
    pad by xmas2010 £14,636.65/£20,000::beer:
    Pay off as much as I can 2011 £15008.02/£15,000:j

    new grocery challenge £200/£250 feb

    KEEP CALM AND CARRY ON:D,Onwards and upward2013:)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.