Funny you should mention profits & loans just as MRW takes on 20 million hit from MyLocal. Tesco sees no sign of it's Big4 rivals matching its Price Match Guarantee on Brands - are you boys gonna pull yore pistols or whistle Dixie...
My wife likes to do a weekly shop still as many others do but she recently started having some frozen stuff delivered from Iceland (the store)! Whereas we would go to Morrisons and buy everything we now venture into LIDL first then onto Morrisons, she gets frozen food from Iceland once a month as I've said and we use the local CO-OP for convenience. If that pattern is multiplied the big four are going to continuously lose market share as ALDI & LIDL build new stores, the CO-OP has… Read More
Agree with what you say. However I do think mrw are in a bit better shape than some competitors. They do make a profit, own their stores, and are belatedly getting into the home delivery / online theme. Asda have a huge backup company with Walmart. We will have to see how long Walmart wants to keep Asda`s loss making going, how long is a price war sustainable. The last thing Tesco need is a price war. Large loans due and still no divi on the horizon.
My wife still likes to do a weekly shop… Read More
If the big four don't adapt soon to the changing enviroment there'll be no big four ! A large re-rating of share prices on the cards I'm afraid to say downwards, ASDA to push volume over profit in a new price war.
I've posted before that it will become difficult to fight on all fronts such as the discounters and online which are the fastest growing sectors. Relying on the bricks and mortar supermarkets is no longer an option as the market share falls QTR on QTR.
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