Tesco Uk Sales: Further Fall Blamed On Economy----------Merged Thread

[Pytyr]

Dave Lewis already played his one trick. Time to just make it up as he goes.  Nothing about this makes sense.

[crashmonitor]

Got to say I am not a big knocker of food retailers. In spite of the falling pound our rolling annual food bill just keeps falling. Tesco have a bad reputation for screwing down suppliers but that actually assists the retail customer too.

Compare Tesco's attitude, who have long resisted raising prices, to Next who have told us we must bend over a barrel and pay extra. Really, I reckon that's up to the customer whether we buy your clothes.

Edited January 27, 2017 by crashmonitor

[Democorruptcy]

1 hour ago, crashmonitor said:

Got to say I am not a big knocker of food retailers. In spite of the falling pound our rolling annual food bill just keeps falling. Tesco have a bad reputation for screwing down suppliers but that actually assists the retail customer too.

Compare Tesco's attitude, who have long resisted raising prices, to Next who have told us we must bend over a barrel and pay extra. Really, I reckon that's up to the customer whether we buy your clothes.

Isn't it more to do with viable competition?

Tesco have other supermarkets including such as Aldi taking market share. In the high street Next have just seen BHS wiped out and M&S are expensive for Matalan quality. 

 

[crashmonitor]

1 hour ago, Democorruptcy said:

Isn't it more to do with viable competition?

Tesco have other supermarkets including such as Aldi taking market share. In the high street Next have just seen BHS wiped out and M&S are expensive for Matalan quality. 

 

I guess it is, I'm defending Tesco and shop at Lidl these days in the main.

[zugzwang]

9 hours ago, crashmonitor said:

Got to say I am not a big knocker of food retailers. In spite of the falling pound our rolling annual food bill just keeps falling. Tesco have a bad reputation for screwing down suppliers but that actually assists the retail customer too.

Compare Tesco's attitude, who have long resisted raising prices, to Next who have told us we must bend over a barrel and pay extra. Really, I reckon that's up to the customer whether we buy your clothes.

You'd have thought Baron Wolfson of Aspley Guise would have been better prepared for sterling's demise given his longstanding and outspoken Brexit sympathies.

In 2012 he gave the intellectual imposter Roger Bootle a £250,000 prize for proposing a mechanism for dismantling the EU!

Edited January 27, 2017 by zugzwang

[Sancho Panza]

10 hours ago, zugzwang said:

You'd have thought Baron Wolfson of Aspley Guise would have been better prepared for sterling's demise given his longstanding and outspoken Brexit sympathies.

In 2012 he gave the intellectual imposter Roger Bootle a £250,000 prize for proposing a mechanism for dismantling the EU!

Is that the same Roger Bootle who called a 30% drop in UK house prices back in 2003?

[zugzwang]

2 hours ago, Sancho Panza said:

Is that the same Roger Bootle who called a 30% drop in UK house prices back in 2003?

The very same. IEA wingnut and Keynesian flim-flam operator.

In 2008 he forecast that UK interest rates would fall as low as 3.5%.

13 months ago he forecast that US interest rate would hit 3.5% by the end 2017.

3.5 out of 100 is what I'd give both guesses, and that's being charitable. At least he got the direction right.

Edited January 28, 2017 by zugzwang

[LiveinHope]

On 27/01/2017 at 1:07 PM, crashmonitor said:

Got to say I am not a big knocker of food retailers. In spite of the falling pound our rolling annual food bill just keeps falling. Tesco have a bad reputation for screwing down suppliers but that actually assists the retail customer too.

Compare Tesco's attitude, who have long resisted raising prices, to Next who have told us we must bend over a barrel and pay extra. Really, I reckon that's up to the customer whether we buy your clothes.

 

I'll knock them, happily. While I don't like paying more for anything than I have to, I despair that we strive to pay as little for food and so encourage the supermarkets to screw our food producers as much as possible, while we happily binge £500+ on a phone or £100+ on designer jeans,

A Tesco Lasagne 400g Ready Meal is £1.00. After Tescos' profit, packaging, transport, all the ingredients, how much profit is left for the beef, or wheat, or dairy producer?

Screwing down the food producers is the pathway to rubbish food and also explains why we have so many damn farm subsidies.

Edited January 28, 2017 by LiveinHope

[Tapori]

Good news for Tesco.

Bad news for farmers and local convenience stores - esp. those stores that get products wholesale from Booker.

I think the Monopolies and Mergers commission will have a looksy: Approve the Londis sale and dismiss the Booker buyout. That isn't going to happen though.