Tesco prices online leaps and bounds

Boat_to_Bolivia

annabanana82 said:

@diystarter7 as a self professed successful landlord in London with multiple mortgage free (as I believe was previously stated) in percentage terms what's your net profit on your LL business?

I'm curious how those and Tesco compare

Don't forget about the property DIY gave away!

diystarter7

Tucosalamanca said:

diystarter7 said:

Tucosalamanca said:

diystarter7 said:

Altior said:

The majority of brand 'deals' at the big supermarkets are supplier subsidised, and are actually sold at a loss. Therefore the lowest cost way to shop in a regular supermarket if you like branded purchases is to be extremely pragmatic, and only purchase such subsided promotions. The individual stores aren't charged the loss, as the supplier funding goes into the central pot. They are far more interested in yoy turnover, so they are equally keen to sell a lot of the subsidised promos.  

and in the process kill off the competition corner shops/stores etc but willfully selling at a loss to kill off the competition then bang, markets are cornered and you are hardly left with a choice.
Thanks

Why would Tesco want to kill off the corner shop?
Since they acquired Bookers, Tesco are now the biggest independent retail supplier, the corner shops are literally an extension of Tesco's business.

Tesco was not happy with their stores so they made mega stroes, then to really stick the knife in the corner and local shopping pricints they made Tesco Express. That was not enough to battle the die-hard corner shops so then came Tesco Metro stores =

They are cheaper than the conrer shops and open for almost as long. One of my cousins has a thriving shop up north they called it a gold mine, they expanded it and a mile or so up the road a Tescos arrive then others and then a Tesco Express 50 yards up the road closed them as it was not worth it

If you seriously thing Tesco Epress and now Metro stores have not had a massive impact on local shops, then there is nothing more I can say

Thnaks

I know exactly what happened. I was an independent retailer for twenty years and had several of these gold mines (National top ten Nurdin & Peacock customer for over a decade).
I sold out, as retail no longer offered me what I wanted out of life. My purchaser continues to run a successful business, now mostly under the Premier Store banner (so effectively Tesco).
Corner shops are thriving, just look at the Booker / Bestway figures. Changes to our lifestyles, on-the-go 24hr living, have been an absolute gift for the savvy shopkeeper.
The failed businesses are the the ones who couldn't adapt to change, didn't have the necessary skills or vision or never had a credible business to begin with.

Thank you and I am sincerly pleased for you and may you continue to do well
My cousin, they were reaching the retirement target age of 55 and felt as profits were going lower and lower to almost not worth it, rather than plough on, they sold it as an ongoing business and still made a profit out of that. They had adapted like you but in a different way, ie via property and have I think 5 rentals all paid for, mostly thanks to their hard work and gold mine and live in a lovely, large house in Yorkshire and travel several times a year to Canada, USA and Austrail is where their kids have settled. My cousin/male told me a couple of years ago, Tescos was a blessing otherwise they may have carried on working and for what as they had enough money. Now they have moneyer/income and best of all time to do what they want 7 days a week

however, many newer shops etc where workers lost their job etc and decided to buy a shop etc, some not just lost their business but their home and health

Anyways, as I said I am sincerely pleased for you.

TBH, a BiL wanted me to join him in his ttrucking outfit, I was tempted but gla I never did as I could never and never have worked a weeknd or after 5pm and happy I/we were able to jack in our jobs before we hoped at just over 50 and doing, welling managing ok, worried re cash etc but thankful we are not looking over our shoulder to pay bills and  can afford nice things etc - it is what it is.

Running a business was never in my bloods, not that of our kids as we taught them, easy life, dont do nights, dont do weekends, do what you enjoy and work on it and get a well paid job where you can afford to take time off and not worry like you would about a business especially in the early/start-up years and never borrow money other than for a mortgage. All of our kids have rentals as I've told them it is the best investments in London, buy is the best location you can afford and dont try to run before you can walk - it works for them and us and I'm glad we are not running a business where the competitonn is increasing daily

Anyone wanting to start a corner shop, small shops selling food/clothing/cafeteria etc etc I would tell them to run a mile these days.

Thanks