Future of tesco, morrisons

bowlhead99

Rather than just posting 2000 words of cut-n-paste from ii and Fool, could you just give us the links next time?

Or if the Fool stuff is just a mailshot and can't be found online, then give us the salient points that you found interesting and let us know why you agree or disagree...

IronWolf

I used to have a large position in Tesco but luckily sold it a couple of years ago for about 385p. The grocery game is changing and I think Tesco will be fine, but I don't know how profitable they will be. They made a lot of money building big Tesco Extra's then selling off land close by and doing sale and leasebacks. All that was announced to stop by the CEO so I exited.

Personally, I switched from Tesco online to Ocado a few months ago and have never looked back. Tesco were constantly late, there were always substitutions, and delivery was expensive. Ocado gave me a free delivery pass, are always on time, are much more friendly and hardly ever substitute my things.

planteria

interesting IronWolf.. i'm interested in both Tesco and Morrisons, but am not entirely convinced yet.
i don't order groceries online, i go & choose what i want..but maybe, prior to investing, we should all go to stores And order online.

grey_gym_sock

planteria wrote: »

maybe, prior to investing, we should all go to stores And order online.

and then try to include your grocery bills in the acquisition costs for CGT purposes

planteria

i like it ggs. it's not food and toiletries, it's Investment Cost:)

Glen_Clark

More smoke and mirrors. Asda shouted about 1,000 price cuts and quietly increased 1,500 others. The others weren't far behind.
With net margins around 2% what else can they do?

planteria

Morrisons Chairman to leave...

http://www.iii.co.uk/articles/170749/morrisons-chairman-leave-struggling-group

melbury

I was in Morrisons this afternoon and it was the quietest I have ever seen it - didn't have to queue up at all.

I was considering their shares as I thought they would rocket once the online shopping was set up, but I am glad I didn't.

planteria

i was in a fairly new Morrisons store yesterday, and i was, as usual, impressed. i am a foodie..and the store i refer to is very much a food store: not large areas to clothing/household. i think range/quality/price of food are excellent. good stock levels and selection without too much duplication/confusion.
sentiments seems to keep getting worse, and i keep sitting on my hands...but, as a business, i like it.
i'm not quite sure how, but they seem to manage to employ 'nice' people...i go in 3 or 4 stores in various areas, and seem to get better service than in Tesco or Asda.

robatwork

Tesco's was pretty dead today.
Aldi on the other hand was rammed - some were queuing for car park.

I think that tells its own story.