Costco are excellent but there are only 26 throughout the whole country. The nearest one to me is 21 miles away and means I have to factor in 42 miles of petrol. However I have Tesco, Waitrose, Sainsbury and Morrisons all within 5 miles of me. I have never shopped at Lidl or Aldi - perhaps I should. The other four have a good balance of availability throughout the country and quality of product. Sainsbury is generally good and doesn't have the extent of problems Tesco currently has.
Agree there is a lot of scaremongering - but it is with justification. I only have a few SBRY shares and the holding average is a few pence under water so no big deal - but the big 4 supermarkets need to look outside of their boxes. On the one hand there are the discounters LIDL and ALDI, while on the other hand there is COSTCOs - which is a US firm and whose wholesale stores are in my experience absolutely packed with shoppers. There are two reasons for this: (i) The quality of food is unbelievable compared to the UK supermarkets; and (ii) one can buy in bulk thus reducing the number of shopping trips needed each month. So w.r.t SBRY - it would do well to expand its local stores as it has been doing - the SBRY by Euston station for example is heaving with people - while the out of town superstores need to allow people to buy in bulk aka the COSTCO model - to which an improvement in quality would be much desired. I got into conversation with investor relations over this a month or so ago over these points - but this is the way to go IMO - People with houses and freezers and plenty of space - should be afforded the benefits of bulk buying - possibly from the superstores - or the web - while the local stores should be perfect for city folk (London especially). With fuel high in cost and purses strapped the supermarkets will, I am sure, adapt to these changes and start to grow profits again when they figure out what their customers want.
I was with you until you mentioned beds.
Nett assets now worth more than share price. Plus property portfolio. A very juicy proposition. A lot of scaremongering going on at the moment but they are hardly on their uppers. I just wish they would dedicate more space to high margin items eg: beds which are available on the net but could do with being displayed in store.
so , now maybe you believe when i said this would take 3 to 5 years to break even. long long long way back, takeover, somehope/.
topped up my holding with £2k also, at this price cant refuse lets hope the quataris get involved
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