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Tesco Advert
Is Tesco's "matching Aldi prices advert" shooting themselves in the foot?
I.E. We've been overcharging you for years but we're losing custom so we decided we need to compete!
I.E. We've been overcharging you for years but we're losing custom so we decided we need to compete!
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For more on marking an answer as the "Best Answer", please visit our FAQ.Sainsburys are doing the same thing. They price match pork belly slices for instance, but Aldis are much better quality. Sainsburys virgin olive oil is around £5 Aldis is around £3 , their smoked salmon is double the price as is their free-range chicken -go figure. 10 items at Aldi prices does not mean much to me.
In other countries it is called a price fixing cartel (whereby shops agree not undercut one another on price), and is generally illegal.
In days gone by when I used to go shopping with Mrs Hymie at differing supermarkets, it always struck me as strange that the differing outlets were all (by chance) selling items (such as a particular brand of toothpaste) at the same price (to the penny).
I thought to myself how complicated it must be for each supermarket to determine the price at which they sell an item based on the cost from the supplier, the number of units they expect to sell and the level of profit they are seeking – all by some coincidence to arrive at exactly the same price.
In days gone by when I used to go shopping with Mrs Hymie at differing supermarkets, it always struck me as strange that the differing outlets were all (by chance) selling items (such as a particular brand of toothpaste) at the same price (to the penny).
I thought to myself how complicated it must be for each supermarket to determine the price at which they sell an item based on the cost from the supplier, the number of units they expect to sell and the level of profit they are seeking – all by some coincidence to arrive at exactly the same price.