Asda hiking price

Saver73

Last year I purchased a 600 pack of Tetley for £6 but I often buy the Aldi red label teabags 160 for £1.85.

A good alternative if you like a strong cuppa and don't want to have to squeeze the teabag between two teaspoons to get every last drop out!

Viggobaby111

Thank you thank you server73 I was going to try Lidl red label next. Thank you for a pleasant reply 😉

MattMattMattUK

Viggobaby111 said:

well Matt Matt Matt uk. In that case it’s strange how Tesco, for one, had reported making the highest profits they’ve made. I will try and get you the exact amount for your refrence. 

Tesco's net profit across all operations is 2.7%. You seem to not understand revenue, margin, net and gross. 

https://markets.ft.com/data/equities/tearsheet/financials?s=TSCO:LSE

[Deleted User]

Viggobaby111 said:

well Matt Matt Matt uk. In that case it’s strange how Tesco, for one, had reported making the highest profits they’ve made. I will try and get you the exact amount for your refrence. 

Also the second largest private employer in the UK (330,000 staff) and a significant part of the nation's pensions.

Thank goodness they're doing ok, we all suffer the consequences otherwise...

Rosa_Damascena

Can I just add that price fluctuations can reflect marketing strategy as well as inflation? If a price is artificially inflated for long enough, when the price of that product is then reduced as a special offer it gives the purchaser the false impression of value for money.

MattMattMattUK

Rosa_Damascena said:

Can I just add that price fluctuations can reflect marketing strategy as well as inflation? If a price is artificially inflated for long enough, when the price of that product is then reduced as a special offer it gives the purchaser the false impression of value for money.

The biggest issue with that is the artificial price inflation that Clubcard/Nectar/More/Asda rewards "discounts"  attempt to create. The reduce price offered to people who are part of the relevant scheme, the illusion that they are offering great value and offering genuine value. 

jon81uk

MattMattMattUK said:

Rosa_Damascena said:

Can I just add that price fluctuations can reflect marketing strategy as well as inflation? If a price is artificially inflated for long enough, when the price of that product is then reduced as a special offer it gives the purchaser the false impression of value for money.

The biggest issue with that is the artificial price inflation that Clubcard/Nectar/More/Asda rewards "discounts"  attempt to create. The reduce price offered to people who are part of the relevant scheme, the illusion that they are offering great value and offering genuine value. 

But the offers that are now locked to Clubard holders are the same as the offers Tesco have always had. The inflation is due to inflation.
Things like meat 3 for £10, cooked ham 2 for £3, Ginster pasty at £1 (now £1.25), Quality Street tubs for £4 were regular offers either happening every few months or on continuously. All thats changed is the offers are for cardholders only.
A lot of prices have been like that at supermarkets for 30+ years, where it is high, then on offer and then high. So £2 then £1.25 then £2 again.

Viggobaby111

Tesco’s latest annual report showed that its CEO Ken Murphy was paid £9.9 million in the last financial year. This is an increase on his previous pay package of £4.4 million. 

Not bad for such a small profit margin !!

Rosa_Damascena

Viggobaby111 said:

Tesco’s latest annual report showed that its CEO Ken Murphy was paid £9.9 million in the last financial year. This is an increase on his previous pay package of £4.4 million. 

Not bad for such a small profit margin !!

Imagine the hike in NI on that! 

Emmia

Rosa_Damascena said:

Viggobaby111 said:

Tesco’s latest annual report showed that its CEO Ken Murphy was paid £9.9 million in the last financial year. This is an increase on his previous pay package of £4.4 million. 

Not bad for such a small profit margin !!

Imagine the hike in NI on that! 

About half was as a payout from shares, that he was able to receive for hitting certain targets.

His other pay was £4.7m in salary and bonuses according to the BBC.