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Future of tesco, morrisons
Comments
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We regularly shop at both, we bulk buy at Aldi and then go to Tesco for brand name food. It helps that I lived a few years in Germany and love Frikadelle, Bratwurst, Bockwurst to name a few items. Buying Bockwurst in Tesco and you get some expensive crap that is 40% water whereas the Aldi one is genuine (and cheaper). Apart from german food it tends to be things like sugar, peanuts, eggs etc.
Then we go to Tesco for things like Colmans mustard, brand name cereals etc. If we've got an £8 off an £80 shop then we may skip Aldi that week and stock up on non-perishables if we need to hit the £80 cut-off. We still scour the aisles for the big reductions when doing this, not just spend willy-nilly to get to £80.
A bit of a faff, but Aldi is about 200 yards away from Tesco and an easy stop off in the car.
sounds like you have a good shopping system in place...but you ought to walk the 200yards;)0 -
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you might be right.. are Tesco's problems dragging down Morrisons, or are they helping them out?:think:...
As bowlhead points out, this is exacerbated by the media giving the impression that Aldi & Lidl are cheaper than they really are.
Along with the record numbers of people visiting foodbanks it gives a clearer picture of this so called pre election 'recovery' than politicians statistics.
All I can see is a recovery in asset prices, underpinned by robbing taxpayers and savers. Effectively taking from the poor to give to the rich, which is widening the gap between rich and poor even faster.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Supermarkets receive payments from suppliers if they hit sales targets (as an incentive to stock or promote their goods)
It seems Tesco, whose falling sales makes these targets harder to achieve, has over estimated payments its likely to receive in the future.
These interim accounts are not audited, and PWC noted these payments to be 'an area of focus' when they signed off the annual accounts in May.
Its debateable whether this is an over optimistic estimate or a fraud, and has happened before with other retailers like Safeway and Wickes (where nobody was successfully prosecuted), but it seems the new boss is keen to get all the bad news out before he starts, so that it will look as though he has done a better job.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »I stand by what I posted a couple of years ago. As the gap between rich and poor grows wider, middle of the road grocers are losing customers at both ends.
As bowlhead points out, this is exacerbated by the media giving the impression that Aldi & Lidl are cheaper than they really are.
Along with the record numbers of people visiting foodbanks it gives a clearer picture of this so called pre election 'recovery' than politicians statistics.
All I can see is a recovery in asset prices, underpinned by robbing taxpayers and savers. Effectively taking from the poor to give to the rich, which is widening the gap between rich and poor even faster.
Well said. Asda and Lidl are really no cheaper than the others. They have their headline offers, but then so do Tesco et al. They stock many lesser known brands which are, in my view, perfectly fine in many but not all cases. The reality is that on a broad basket of items that the cost from the so called low cost supermarkets is not significantly different. The best policy, as with most things, is to shop in all of them and cream off their weekly offers if they suit what you eat!
The recovery in asset prices is bloated by the influx of cheap money from the Bank of England. Interest rates are far too low and the problem is that they are far too low all over the western world. Somebody needs to break ranks and start the hike back to reality. Assets have gained too much momentum and of course it'll all end in tears. There is something very wrong with the UK governments reticence in allowing property prices to fall back to sensible levels. A very sharp downward correction in house prices is long overdue. If a correction in house prices does not come about then there will be a huge problem in this country as more and more property becomes owned by foreigners with the remainder being acquired by wealthy landlords. Leaving joe ordinary with little or no chance of ever owning his own abode.0 -
If a correction in house prices does not come about then there will be a huge problem in this country as more and more property becomes owned by foreigners with the remainder being acquired by wealthy landlords. Leaving joe ordinary with little or no chance of ever owning his own abode.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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Glen_Clark wrote: »For many the only way to get their own place is to have kids so they can can get housing paid for by the taxpayer. The child and housing benefit bill is another ticking time bomb set for after the election.
Yes, possibly so.
But then this child tax credit scheme seems rather generous when a couple can live together, have kids, be on a salary of upto 50k each and still they can get state handouts for their kids. That to me seems blatantly wrong.0 -
I have a few weeks ago, shopped aldi for the first time. No aldis here, so I went to one when dropping my son off at Uni.
Some stuff was cheaper, but wine wasn't cheaper than my local tesco really. Meat was cheaper, esp the steak, but not as wide a range and things I buy weren't there. Salad was cheaper, as was some lunch meats. Some basics like pasta and sugar etc were cheaper.
So I could never do my whole weekly shop there for sure. And l love spatzle, so if they sold it I would go there(they dont), but I dont eat wursts so the brats would not lure me in lol!
I did buy myself some pink plastic fleece lined clogs for slippers though0 -
Originally Posted by 2010
increase sales and this can only be done by cutting prices which in turn cuts profits.
Glen_Clark wrote: »Well if thats as far as you can see I am glad you are not in charge.
You`ll be eating your words when Tesco annouce shortly price cuts.
The way they have carried on ANYONE could have done better in charge.
They remind me very much of the time a certain Greek gentleman came along with a couple of planes and everyone, mainly BA dismissed him.
They did what Tesco has been doing about Aldi and Lidl, namely they buried their head in the sand and took their eye off the ball.
Next big annoucement from Tesco
price cuts, they have no choice
now 194-80p0
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