Tesco Share Discussion Threads

[csmwssk12hu] 03/10/2022 17:22

However milk is up 55%, pay is not up 55% and diesel is around 10% higher than a year go not 55%. Energy is not making up the rise in price we are all been taken for a ride somewhere

[loganair] 03/10/2022 17:00

Any retail outlet I go into I fully expect the manager of that particular section/department to be able to answer any and most of the questions I ask about their section/department - if not why not after all these people call themselves managers.

There is no such thing as inflation, it is the value of currency going down.

For the 100 years Britain was on the gold standard prices actually fell very slightly over this period as more stuff was being produced and higher productivity compared to the increase in currency in circulation.

When I pop into my local Waitrose can have a good chat to the male members of staff about how England are doing in their latest cricket test match.

[loganair] 03/10/2022 16:22

Payrise for the various staff, diesel prices for delivery trucks and lorries which even today are 30% higher than they were this time last year.

I've notice most things that are grown in the UK haven't risen by that much, it is the stuff coming from outside of the UK that is skyrocketing in price.

[csmwssk12hu] 03/10/2022 15:58

The inflation figures from the government are as corrupt as the government milk is the easy one for me £1 for four pints a year ago now it’s £1.55 I’m not aware of any dairy farmers driving round in new Porsches so we’re is there extra money going it’s not all energy.

[helen troy] 03/10/2022 15:32

The major item in my shopping basket is still at minimum unit price, i.e. whisky in Scotland at $20 a litre. I noticed 2 weeks ago Tesco put a feeler/tester out by putting Bells up to $22.50 but it was withdrawn within a few days later back to $20. So with my 3 year energy prices fixed for another 18 months I say crisis, what crisis? But I do sympathize greatly with people affected by it, so much so that I generally only put on one radiator in my house just to see what they are experiencing.

[geckotheglorious] 03/10/2022 12:03

CSM,
Cheers for the offer. We finally found some - last four bottles. In the basket!
:)

Where we are headed I suspect barter/charity is going to be the norm!

[loganair] 03/10/2022 11:43

Over the past 4 months, every time I pop into Tesco to do my bi-weekly shop at least two of the items in my shopping basket have risen by 30% plus in price compared to the week before and often risen by 60% plus over the past 4 months.

[csmwssk12hu] 03/10/2022 10:55

Gecko I’ve got loads of vinegar if you need a bottle

[death by donut] 03/10/2022 10:23

Who wants Heniz anyway?Branston Beans is where it's at.DbD :-)

[geckotheglorious] 03/10/2022 09:28

CSm
Post 27482
Agreed. One thing though, the gaps on the shelves are starting to appear at Aldi as well - in fact , if you go to the same supermarkets week in,week out, you'll notice that serious gaps have been materialising, and that is despite the best efforts of staff constantly moving stock around in an effort to hide such.

For instance it took a visit to 7 different supermarkets to get some "vinegar" the other day as most had sold out/not re-stocked.

I'm expecting more "gaps" to appear as the warehouse stock gets depleted.

Q1 and Q2 2023 will be a blast, for I'm expecting the real shortages to become visible to most by the then.

Currently it's just the odd item here and there.

[csmwssk12hu] 02/10/2022 15:06

I actually don’t think the supermarkets are ripping us off apart from petrol but I do think the food producers are, Heinz and Unilever are clearly over charging for the products now which is leading to people buying own brands and now Aldi, big,big mistake as some of these own brands are quite good and so are some aldi lines, now people have tried them and they are surprisingly good let’s face it they have as 30 years of the U.K. market to get the taste right and they are significantly cheaper they won’t go back to branded, that’s a potentially huge problem for the Tesco Sainsbury’s Asda Morrisons quartet, you don’t find those Aldi own brands in other stores so there is no point shopping at them so those customers are gone forever unless Aldi does something catastrophic.
If you think I’m making this up I’m one of them, not out of need but curiosity, with every supermarket advertising Aldi for them with Aldi price match I wondered if Aldi is cheaper than everyone on all these lines that they are advertising certain items as price matched to Aldi, why don’t I just go to Aldi in the first place? Along with 1.5 million people in the last 12 weeks alone, replicate that for a year and they will be number 2 supermarket by next year. If you go into stores as I do again for curiosity you can see how a company is been run, the lack of availability in some Tesco stores is staggering, the less on the shelf the less you sell, the less you have the more customers will shop elsewhere, then you will sell even less and lose buying power so you have higher prices which leads to more customers going to Aldi, you can only rip customers off on petrol for so long.

[benjamin15] 30/9/2022 16:06

Case of both I think you will find...

[johnwise] 30/9/2022 15:17

Inflation or opportunistic profiteering?

The soaring cost of your shopping basket: How price of everyday items like Heinz Beans have risen in a year from 85p to £1.24, Tesco spaghetti from 53p to 85p and four Andrex loo rolls have more than doubled to £5.07

[helen troy] 30/9/2022 13:26

Yes, they haven't passed on as much of the reduction as they should have.

[nerdlinger] 30/9/2022 12:51

I'd quite like a 4p+ interim dividend. I expect big 4 have done well on petrol lately but I'm not paying very close attention.

[wiltowin] 29/9/2022 13:20

100% agree Gecko

[geckotheglorious] 29/9/2022 12:11

ACTION
Post 27473
"I recon 24 hr shops will be thing of past"

I for one wouldn't be too fussed if sundays once again saw most things closed.

[loganair] 29/9/2022 11:52

The biggest problem with shopping chains is that most directors are based in London and take decisions as though London conditions are the same as the rest of the country.

Each shop manager needs to be given far more leeway and authority to make their own decisions for what it best for their own shop including what to stock and what not to stock, opening hours etc.

Is the local Tesco near to an airport or ferry terminal. For example if the ferry gets in a 7am the local Tesco manager may deem it profitable for their shop to open at say 06.30am.

[action] 29/9/2022 11:20

7 to 11 pm.

[action] 29/9/2022 11:20

I recon 24 hr shops will be thing of past. Ppl have to find time to do shopping between 7am to 11am due to high cost of energy cost. Tesco has got lot of fat to be slimmer.

[brut winky] 29/9/2022 11:19

Starting to look attractive for the LTH, but a lot are, DLG, RMG, ITV, the list goes on. Just looks to be more downside to come overall.

[badtime] 29/9/2022 11:12

Ps the share price is down 5%

[badtime] 29/9/2022 11:11

Bye then..bags packed?