traffic @ supermarkets 6 Oct 2014 16:33
Well I have been looking for the right entry price for a supermarket, and after two weeks of checking most supermarkets 20 miles near me
I have concluded TESCO to be the one with the MOST traffic and to invest in.... from FRIDAY to SUNDAY TESCO is far superior , But Midweek its a change around to the smaller local handy stores as everyone is in a rush which is understandable.... When looking at the numbers and some of the spending on the weekend shoppers were spending avg, £80-£120 on a trolley half or full to the top which is not bad at all ,,,, now when looking at some of the discounters stores most of the customers were having a basket full of shopping and I guess maybe about £10-£30 spend on the shop I don't think you're ever going to change their mindset nor spending habits they will always be looking for a bargain and a shop will not make much profit from a basket full stop, My point is this, as the BIG four start to cut prices the discounters will feel the sting and will affect the growth plans without a doubt so only time will tell how they plan to expand ... I do believe TESCO has the right man at the top now and the staff are a bit more "proactive at last" I have seen a BIG change in the staff morale and you can see they are gearing up for a Christmas push to take back some lost ground and get them trolleys filled to the top..........I also think the chat Ref: to the Hudl 2 is very encouraging , along with the online catalog things look a bit more positive so.... I will be looking at a entry point some time maybe this week as I feel the timing is right to keep an eye on this stock but that's my opinion only as long as they sell the JETs and don't order any more what a crazy idea that was lol