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yeah i aggree
As someone who works full time , has a great social life , children and has a hobby or two. I find it baffling how people like yourselves @skier1, have time to be on random threads regarding companies they clearly aren’t invested in.. I have to make time to check in every now and again on companies I’m invested in let alone ones I’m not. Baffling and almost laughable.
Yes, for the British customer, the choice of food, drink and goods is incredible. You can buy 20p noodles at Lidl, or a £10 microwave meal at Waitrose.
For the British worker, tho, it is a scary time. Foreign competition is laying waste to the UK retail and supermarket industries.
Marks & Spencer, for example, is (just today) closing 1 in 4 of its big stores. Morrisons is plunging behind Aldi in the latest supermarket share stats. Tesco has slumped from 28% to just 27% UK grocery share since the start of the year. Aldi is growing nearly 10 times faster than Tesco. Aldi has grabbed 1.5 million extra customers in just a few weeks.
The UK downtrends are not good signals for the TSCO share price.
Don’t you think we probably have too many supermarkets but never complain enjoy the choice and pray it lasts. But some as indeed Tesco now so large that you have to ask an assistant to look up on their fon which Lane to find your product! Never the day when one supermarket in each town and a long queue !
The supermarket experience is long gone IMO. Amazon has hardly got started on the UK market IMO. They can afford to watch and wait.
Lol.
Aldi's global revenue is 2 times bigger than Tesco. For scale, Tesco is a global minnow. Not to mention Tesco's ridiculously unproductive carparks (too big), unproductive stores (too big), and unproductive range (too big). Aldi is in a whole different business league.
The UK today is plunging toward recession. Just like 2008, cash-strapped consumers will head for the cheapest shop. That is not Tesco... It is Aldi. The price gap now is huge!
https://www.which.co.uk/reviews/supermarkets/article/supermarket-price-comparison-aPpYp9j1MFin
We are living (right now) thru the end of the British supermarket industry. It is too inefficient to compete. Think British Leyland vs. BMW-Mercedes in the 1980s.
I would also be fearful that aldi and lidl will keep gaining market share from tesco, as the have over the last decade. Particularly now as budgets might get stretched a bit more.
Tesco is still the biggest supermarket therefore it has bigger economies of scale. Past sp performance has no bearing on future performance. It is defensive because people will always buy food. If Tesco so chose it could go low cost, with terrible shopping experience and muscle out Aldi etc but that would be an awful idea. I think Tescos has it just about right at the moment. I think Tesco is a bargain. I’m buying.
How can TSCO be a "defensive play" -- the share price has plunged -70% from its peak, Aldi and Lidl are grabbing share offline, while Amazon is chipping away online. It's about as defensive as Nottingham Forest's back line!
its the overall shopping experience that counts- even though I shop at lidl- the experience I get there from the the staff at the tills, who push my shopping out as though they are giving it away for free. ...
I feel self service is much better than deal with the aggressive item pushers at Aldi and lidl...what can we expect at cheap shops--- I think I will get much better experience at B and M and Herons
I’ve recently bought in. I think supermarkets are a good defensive play, but the reason I chose Tesco over the others was from my personal buying experience. I live in an area where I have Tesco, Morrison, Aldi, Lidl and Waitrose all within 10 minutes of me. By far the easiest self-checkout is Tesco. Morrison’s is too slow and clunky, Sainsbury I always end up having to get assistance, and the others don’t offer self scan yet. It’s the simple things that make the experience better IMO
just been to do a bit of shopping @ Tesco once again car park full of happy shoppers with their clubcards at the ready to get some super bargains. all the checkputs operating and the self scan was busy.
the staff are really helpfull, always willing to chat as they put the bargains through the tills. (even the store manager was hands on now that shows good team spirit.
most shoppers dont give a monkeys about share prices and market shares they are there for the shopping.
i drove past aldi on the way home only one checkout out of seven was in action and loads of parking in the car park and not many customers in store. never mind they might pick up soon christmas is on the horizon lol.
The delusion on here is incredible!
Aldi and Lidl are taking over the UK supermarket industry. Their share goes up every year. Their collective UK marketshare has more than tripled from 5% in 2012 to a record 16% in 2022.
Tesco has plunged from 31% in 2012 to 27% in 2022 (and accelerating).
Aldi and Lidl (particularly Aldi) provide good food at ultra-low prices. For example, I stopped today at Waitrose to buy a tiger loaf, sliced pork, and marshmallows, for a cost of £8. Wandered round to Lidl, where roughly the same stuff and quality was £3. You can guess who took my cash...
Good Morning All,
Have moved my buying limits for Tesco to 175p...ALL IMHO-DYOR
https://www.lse.co.uk/news/TSCO/uk-retailers-sales-growth-sinks-to-new-post-covid-low-bdo-96t1cgco9mqfeyi.html
Tesco not lost any market share since 2019 (Kantar). Aldi and Lidl have gained but at the expense of others, mainly Sainsbury, Asda and Morrisons. The clubcard is now popular amongst teens and twenty somethings where it used to be something only older people used. It is true there is some mild trickery involved but most people perceive they're getting a bargain and will make return visits. There are some really good deals on clubcard - the occasional 25% off 6 bottles of wine for clubcard members is very popular.
Hopefully it will kick off Soon...IMHO-DYOR
Lol David Lol - the debate over a meal deal. If you could easily get that meal deal elsewhere for far less - people would. Or, buy the multi deals (ending soon) and make your own for the week.
i aggree i tripple my clubcard points every year , last year i got a £300 watch for a hundred but really i got it for nowt cos the points are free.
tesco for me everytime.
no im not, im actually wanting a good entry point to get in here and im definitely not an ex employee - but the subject is the club cards. nothing else matters and the truth is you only save yourself from over paying with one, im out of this conversation because for some reason your turning it personal have a good day.
Not half as bad as expected, good price to lock some more in.
My opinion only.
Dave, you're clearly shorting the stock - or possibly you're an ex employee who got fired for stealing. As for the sandwich deal, it's cheaper and better value than any of their competitors, that's the part you forget to mention. Aldi and Lidl have £2.50 sandwiches on sale (no deal) would cost you £4 minimum for the same items in either of the discounters. Sainsbury's and Morrison both do deals but both are more expensive than Tesco and offer far less choice.
and youre not getting £7 worth of stuff, them sandwiches will cost about 30p to produce, a bag of crisps does not cost £2 in any kind of situation other than the on you have just written down. I bet youre that person who falls for all the black friday deals arent you. Ive got some magic beans for sale that are normally £1000 but if you sign up to the david elliott special card where i get all your data you can have them for £100 so youre saving £900.... see how this works yet
maybe that one particular deal might be good value, you'd have to put a gun to my head to eat a tesco sandwich so i wouldnt know if that was good value but other things arent for example i saw doritoes massively overpriced without a card and then brought back in line with a clubcard. I could sell you a £10 note and say its £50 without a clubcard or a £10er with one it doesnt mean youre saving £40. The fact is people are shopping elsewhere, the customer isnt seeing value in the clubcard so are spending money elsewhere hence the share price! If they did away with the clubcard I would use tesco more and I know many others that feel the same, people dont want to sign up to something to not get ripped off on their shopping bill when they can go elsewhere. The shareprice doesnt lie
Also fuel excluded from trading updates as it would cause wild fluctuations in LFL numbers and cause a lack of clarity on true trading position.
I presume going off reports today it's market speak for taking a hit on margin for 1H trying to keep prices down and funding promotions.
Historically fuel has had very little value to tsco re profit but cannot speak for this time out. I can't see how they could hammer tsco with a tax on profits from this yet not lay a glove on the oil majors for making the kind of profits that makes tsco look like small beer in comparison.