News0 min ago
TESCO profits down (:'
At last the mighty TESCO wobbles, this is the best news I have heard in weeks. The higher up the ladder you climb the bigger the fall, Aldi up 40%-Lidl up a similar amount its good to see the smaller companies giving the bigger corporations a bloody nose. As TESCO's advertising says "every little helps".
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Eastern
Share price has little to do with the reality of how the business is actually being run real-time and everything to do with perceptions. This is an overdue market correction from a business whose share price has risen dramatically that a small piece of bad news has had a dramatic impact.
Since when has it been unlawful to open more than one shop of the same owner/type in one town?
LJ - how amongst your fanciful ideas do you think Tesco can run a national pricing system including nationally-offered 'special and not-so-special offers' yet cut the price locally to put other local retailers out of business? Answer: they can't. Any price discounting to put others out of business has to be done at a national scale. Possible, but extremely high-risk and expensive.
Share price has little to do with the reality of how the business is actually being run real-time and everything to do with perceptions. This is an overdue market correction from a business whose share price has risen dramatically that a small piece of bad news has had a dramatic impact.
Since when has it been unlawful to open more than one shop of the same owner/type in one town?
LJ - how amongst your fanciful ideas do you think Tesco can run a national pricing system including nationally-offered 'special and not-so-special offers' yet cut the price locally to put other local retailers out of business? Answer: they can't. Any price discounting to put others out of business has to be done at a national scale. Possible, but extremely high-risk and expensive.
why is it good news? Some of us like Tesco (there was a similar thread last night) - now that Tesco are dropping their prices to be competitive.
I'm sorry you've been personally affected, but some of us don't have time to do High Street shopping, I have to shop and go, and Tesco (or Aldi, or Morrisons) fit the bill for us.
I'm sorry you've been personally affected, but some of us don't have time to do High Street shopping, I have to shop and go, and Tesco (or Aldi, or Morrisons) fit the bill for us.
