Tesco Share Discussion Threads

[loganair] 25/9/2018 14:30

I remember in around 1980, Oxfam was the first major charity where more then 20p in the pound was spent on running the charity. Late last year Oxfam made the news again as they now spend 90p out of every pound raised on running Oxfam and only 10p goes to the charitable causes.

All the big charities now spend 80p or more in every pound they raise on running the charity. When I was young the shops were run by volunteers, now they pay the manager of each shop £20,000 plus per year and most of the other staff are also paid. In the mid 1980's the average CEO of a charity was paid around £17,000 per year they are now paid well in excess of £250,000 per year.

Many charities now say 'stock wanted' instead of 'Donations' and are run more like retail companies rather than charitable organizations.

[filmster] 25/9/2018 13:37

3rd October half year results expecting good results

[vaneric1] 25/9/2018 13:34

I give a monthly donation to charity, have done so for the last thirty + years.

I do however object to those who misuse charities both the dodgy recipients and the criminal insiders.

[loganair] 25/9/2018 13:21

Actually I do give to charity and at Christmas donate 50 cans of dog food, supporting the dogs of our local food bank.

[tenapen] 25/9/2018 13:15

And you don't give to a charity because blar blar blar

Groan

[loganair] 25/9/2018 10:52

In the same way I'v seen Ferrari's parked outside council houses, owned by people living in the council houses.

From what I've seen of our local Food bank, most the people who use it spend their money on alcohol, tobacco and drugs what they call the important things and therefore do not have enough money to buy food with or as others have mentioned I've also seen people getting out of expensive cars on the latest smart phone getting food from our local food bank.

Most people I know or I have seen who have no money would have sufficient money, actually they would have a lot of money if they didn't spend most of it on alcohol, tobacco and drugs.

[greenroom78] 25/9/2018 10:23

Agree on foodbanks.

Fair enough to have them but means test the people who use them, they should be there for a real need not for those that would rather spend their cash on non essentials.

[fangorn2] 25/9/2018 10:18

"I am a bit doubtful of the 'need' for foodbanks, I think they give do-gooders a warm feeling"

That and allow Labour party to weaponise it to encourage halfwits to vote for them.
Seen so many people sporting mobiles, smoking coming out of foodbanks it's ridiculous.

"But when I see my neighbour's daughters arriving home well stocked up from the local foodbank in their BMW SUV then sitting for an hour chatting on their iPhones the 'need' bit gets a bit clouded"

Ah similar experience then..

It's a con.

Too many parasites out there willing to deprive the genuinely needy

[vaneric1] 25/9/2018 09:19

I am a bit doubtful of the 'need' for foodbanks, I think they give do-gooders a warm feeling.

But when I see my neighbour's daughters arriving home well stocked up from the local foodbank in their BMW SUV then sitting for an hour chatting on their iPhones the 'need' bit gets a bit clouded.

[tenapen] 24/9/2018 18:48

Great, enjoy it, Oiht
As I have said before, I hold Tesco but I will always shop for the discount.

I was commenting that the rise of the German discounters mirrors the trouble caused by the financial crash. The Increase of the need of Food banks also mirror this.

Tough times for many

[oiht] 24/9/2018 18:25

Hi Tenapen, I'm not poor by any stretch of the imagination, but I choose to shop in Lidl - after I've driven around the Tesco car park to drop off some recycling that is :-)

It appears to me that what Tesco have belatedly realised, is that Lidl and Aldi aren't stealing customers purely on price, if only it were that simple, hence the launch of Jack's.

The whole format of the German stores is deliberately different, the scale for one, they're not the size of four football pitches, with a car park to match. I never have to walk more than twenty five yards from the car. For me they have more of the feel of a local shop, you even get to know the staff after time.

The quality is as good if not better than certainly Tesco own brands, and often well known brands. Fact - I don't buy rubbish.

They utilise their shelf space effectively. Some products are only in store for a few weeks then a different product takes it place (non-perishable things), they're kind of rotated. More products for the same size store, very clever. As a customer, once you realise this, you stock up on the item when it is in store.

It's some of the above that Jack's will we be attempting to emulate I suspect, but trust me, they won't be just trying to attract poor people.

[billbailey1] 24/9/2018 13:39

240p again........finally

[scotches] 23/9/2018 20:00

Haven't the Germans just bought market share by investing in new stores. We never see like for like figures quoted. Kantar concede they can't do that. "Retailer growth figures reported by Kantar Worldpanel relate to overall take home sales, and so include the impact of store openings or closures. Like-for-like sales change is not measured or reported. Calculating like-for-like sales requires a detailed knowledge of store openings and extensions which is information held accurately only by individual retailers."

We just need to go back a few years to see how the locals had their own period of expansion (Tesco 1988 to 3743 stores between 2007 and 16) - in this case with disastrous consequences that their debt fuelled binge meant they couldn't compete on price and gave the Germans a free pass to expand.

Company 2007 2016
Tesco 1,988 3,743
Sainsbury’s 788 1,374
Morrisons 368 498


Will the Germans also hit an expansion peak?

"UK march of discounters Aldi and Lidl abating, say analysts" FT article in June. "Return on capital at the discounters has declined. Aldi’s published accounts show operating profit in the UK and Ireland falling from £271m in 2013 to £211m in 2016, the last year for which figures are available — despite a two-thirds increase in sales during that time."

[hazl] 23/9/2018 19:16

'Silence, it is said, implies consent. But that’s only half the story. Silence also confirms oppression, because the ability to speak out is too often a luxury of the privileged.

The aggressive populism we see today seems to be a testament to people refusing to be silent — and rightly so. Our societies have largely failed to provide equally for all, and technology now gives us new avenues through which to to be heard, and with which to rebel against repressive ideas and structures. New leaders have latched onto that and now seek to speak for us, even though many of them are rallying us crudely around fear and mistrust.'



Relevant in a way I think.
The Guardian might be right but not to single out perhaps only Jacks ?

[hazl] 23/9/2018 19:12

Great info thanks au24....direct feed-back.

[maxk] 23/9/2018 18:56

The sisters are not happy..

[au24] 23/9/2018 18:11

Went to Jack's today. Really impressed basically. Lots of freeby chocolates given out and a hot Curry and bap outside from a Jack's van.Prices are low and of good quality.

[hazl] 23/9/2018 16:55

Must have been very disappointing for you to see Jacks being introduced,a bit of a set-back on your short no doubt.
It is such a shame the way it's going.
We are all being homogenised and people collude with the whole process to make money.

[loganair] 23/9/2018 16:16

JW - Kantars latest figures show Aldi/Lidl now have 13.1% market share.

Just think it wasn't so long that their combine market share over took Morrisons and at their current rate Aldi/Lidl will over take both Asda and Sainsbury's in less than 2 years.

With Morrison's market share going down I can see with in 3 years Aldi will over take Morrisons to become one of the big 4.

It seems to me that Tesco, Sainsbury's and Morrisons are losing market share at approximately the same rate.

[hazl] 23/9/2018 16:07

I'm with tenapen on some of that, though I think the discount stores are just another ensuing resulting factor of Neo-liberal capital policies,which are passed down to the members of parliament to oversee.

[oiht] 23/9/2018 13:18

Am I understanding you correctly; the working classes have been forced to shop in Lidl and Aldi because the Tories have made them all so poor and it's nothing to do with the other big UK supermarkets being too complacent to compete? Does that also explain the rise in sales of German motor cars?

Many of which you will find parked in Lidl and Aldi car parks I might add :-)

[tenapen] 23/9/2018 12:46

As a direct result of Tory party policies* Aldi and Lidl have grown so big , so fast.

Kind of ironic realy, when the Tory party tells us its the party for Britain and british companies.


*Due to the Tory party and the Bank of England policies, the working classes have not had a rise in living standard for 13 (thirteen) long years. this time scale mirrors the rise of the germans discount stores. While the asset classes have seen their wealth grow exponentially.

[hazl] 23/9/2018 10:07

Amazon good news for consumers?
You must be joking.
Corner the market then put prices up.
Flatten choice and pay your workers peanuts,or go cashier less and people who are also customers have less jobs.