Supermarkets braced for price war
Article Abstract:
Price reductions announced by United Kingdom supermarkets are seen as a marketing move rather than a serious price war, according to analysts. The announcements were started by Tesco, followed by Asda and Safeway, with Sainsbury seeking to ignore it and emphasing the value that the company already offers. Asda may reduce its prices again, which would mean that Sainsbury and Safeway would have to do likewise. Asda has not issued a statement on plans to reduce prices. Asda and Tesco could both support pressure on food profit margins due to the strength of their non-food ranges.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Store wars: battle is joined
Article Abstract:
UK supermarkets face a number of challenges arising from competition for market share in a mature market. Supermarkets are selling more exotic products and entering financial services. The bigger supermarkets have increased their market share but this could change as and a price war may occur. A price war begun in 1977 lasted for five years and Kwik Save has begun to cut prices in 1997. Loyalty cards have increased in popularity and this means that the pioneers have begun to lose the benefits of this form of marketing.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Mutual squeezed
Article Abstract:
Co-operative Wholesale Society (CWS) faces increased competition from Tesco in Northern Ireland. Tesco has acquired the Irish food retailing activities of Associated British Foods. Tesco has already had a major impact on CWS in Scotland and this has affected CWS's profits from retailing. Meanwhile Lanica Trust aims to acquire the non-food interests of CWS such as travel agents and undertakers. Tesco could prove to be a more serious threat than Lanica.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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