Tesco cuts 18,000 items |
| Friday, 15 August 2008 00:00 | ||||
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Tesco has said that it will cut the prices of 18,000 products this week as it attempts to offer consumers new deals. And the supermarket said that it will additionally give its customers £100m worth of Clubcard vouchers in the next seven days. Various products are due to be included in the promotion, such as peaches, school uniforms, organic items and homeware goods. Richard Brasher, Tesco commercial director, stated that the move is a reaction to the economic conditions that are impacting upon people everywhere. "Despite clear inflation in some food products we have worked hard to cut our prices week after week and negotiated some fantastic deals with our suppliers to bring shopping bills down," he said. Tesco also said that a family consisting of four people may also be fed for less than five pounds a day if they eat its value range. Rival Asda also revealed that it is to slash its milk prices down to 50p for a two-pint bottle. Related LinksRelated Articles
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Keith jones
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Tell the truth Richa... Tell the truth Richard Brasher the price cuts are not to help customers during this economic crisis. It is for Tesco and the other supermarket chains to grab a bigger share of the customers. Check the prices of their other goods they are hoping customers will buy when they come in for the "bargins" "a sprat to catch a mackrel" as they say and the profit on the mackrel will more than compensate for the loss on the sprat,I have seen some products rise as much as a 1.00 from one week to the next but customers do not tend to notice this when they do their larger shopping trips, at the same time they more discretely they are trying to kill off the compet*tion especially Independants who cannot hope to compete with the price cuts. The trouble is customers do not weigh up the travel costs, time lost and advance money paid to "stock" their larder when they shop at the big stores also they forget like a business stock costs money, they shop for a week, fortnight or a month so they have stock at home paid for in advance and also end up throwing a lot away. If customers really want to save money run their shopping like a business buy what they need when they need it, no "stock" minimise waste reduce travel time and fuel costs, also helping the environment all this can be achieved by shopping local slightly higher prices on some not all products but huge savings in many other ways. |
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