Tesco: 22% price reduction a sham

Captain-America · 14-05-2009 06:15PM

Topmanager wrote: »

Give Tesco a break,they create alot of employment in this country.It is good to see them put other retailers under pressure to match them.Competion is what is needed to get this economy back up again.

Not when the profit goes to an British based compnay.

K-9 · 14-05-2009 06:18PM

Captain-America wrote: »

Not when the profit goes to an British based compnay.

Like Multi Nationals you mean?

Topmanager · 14-05-2009 06:28PM

Captain-America wrote: »

Not when the profit goes to an British based compnay.

What about the likes of Dell, Intel, Microsoft,who all make big profits in Ireland and send it back over to America.I dont see a trend on here about these companies keeping their profits in Ireland.

Is it just because Tesco is a british comany?????

Biggins · 14-05-2009 06:36PM

I think some are diverging away from the real source of the anger towards Tescos and they being exposed as liars.

Their new current promotion states new low, low prices across the board in regards to their foodstuffs.
Its been discovered that this not the case and in fact they are
1. Just paying around with the finance figures and...
2. Passing any cuts onto other items of foodstuffs that they don't advertise (convient or what!).

The current situation has nothing to do with be it a British company, multi-national company or a bloomin' corner shop.
...Its about prices folks, plain and simple.

OPENROAD · 14-05-2009 06:38PM

Biggins wrote: »

...Its about prices folks, plain and simple.

Exactly and I for one will shop where I can get the cheapest prices wherther that be an Irish company or Tesco or whoever.

Biggins · 14-05-2009 06:40PM

OPENROAD wrote: »

Exactly and I for one will shop where I can get the cheapest prices whether that be an Irish company or an overseas firm or on the net.

Same here.
Sadly though Tescos are just currently taking the pee by making the public think they are making a saving by advertising their lower products while passing the cost of the cuts to other food items, you might not beware they have actually raised.

OPENROAD · 14-05-2009 06:53PM

Biggins wrote: »

Same here.
Sadly though Tescos are just currently taking the pee by making the public think they are making a saving by advertising their lower products while passing the cost of the cuts to other food items, you might not beware they have actually raised.

True.

I would like to think people are more astute though, they certainly should be when it comes to shopping, I am not loyal to any one supermarket and mix my shopping between them to try and maximise savings. It seems at last we are seeing price differences on branded goods, I might be mistaken but I was always under the impression that branded goods tended to be priced the same between different supermerkets in the past. Supermarkets are still too expensive here though, Ihave even found Waitrose in London to offer better value.

K-9 · 14-05-2009 07:03PM

OPENROAD wrote: »

True.

I would like to think people are more astute though, they certainly should be when it comes to shopping, I am not loyal to any one supermarket and mix my shopping between them to try and maximise savings. It seems at last we are seeing price differences on branded goods, I might be mistaken but I was always under the impression that branded goods tended to be priced the same between different supermerkets in the past. Supermarkets are still too expensive here though, Ihave even found Waitrose in London to offer better value.

Would be very little difference on branded goods alright, which is why Tesco are importing the foreign supplied goods. They can get it cheaper than buying from Irish distributers. People have to be smart and buy the cheap goods in Tesco and their over priced stuff elsewhere. If Tesco are only 8% cheaper overall it shouldn't affect canny shoppers!

As for Irish suppliers being asked to drop prices, how to people think these rip off prices we moan about are going to drop?

phasers · 14-05-2009 07:09PM

This is crazy, and it's great that it's being brought to the public's attention. Tesco are treating the Irish people like they're complete morons. And not only that, their stores are filthy and full of rude, surly staff. Tesco seem to have no positive points at the moment, who is shopping there?

tech77 · 14-05-2009 07:26PM

TheZohan wrote: »

Wow that's a saving of €801....impressive..

Man, i wanna thank and fail this post (the original one^) at the same time.

"Typo"

Heyes · 14-05-2009 08:12PM

connundrum wrote: »

Old news I would have thought? I heard about these facts and figures on George Hook's show on Monday afaik.

Oh and for whatever you think of Tesco, they are still a massive employer, buyer and contributor to the economy. They are as big as they are because we all liked the low prices that they were offering back over the last few years, and they will continue to do well into the future, mainly due to the fact that the majority of shoppers will see them as the best value/choice provider.

I personally divide my shopping between Tesco, Aldi and Superquinn, mainly for convenience reasons. I try to buy the Irish products where I can, but I understand that my every little may not help the overall cause.

I dont think so anymore, what with the redundancies in head office, also in the past when they said they were creating huge jobs when they opened a new central distribution centre, they failed to state that they let go everyone involved in there other warehouses and made them re apply.

Remember they ll only tell you what you want to hear, more often than not there is a negative behind what there saying !

Heyes · 14-05-2009 08:16PM

phasers wrote: »

This is crazy, and it's great that it's being brought to the public's attention. Tesco are treating the Irish people like they're complete morons. And not only that, their stores are filthy and full of rude, surly staff. Tesco seem to have no positive points at the moment, who is shopping there?

To be honest it will probable be blown under the rador as quickly as it arrived, alas they also end up winning the game !

OPENROAD · 14-05-2009 08:29PM

Heyes wrote: »

I dont think so anymore, what with the redundancies in head office, also in the past when they said they were creating huge jobs when they opened a new central distribution centre, they failed to state that they let go everyone involved in there other warehouses and made them re apply.

What do you you consider a massive employer?

Heyes · 14-05-2009 08:34PM

OPENROAD wrote: »

What do you you consider a massive employer?

Im not saying they havent been good in the amount of employment they have provided, but all im saying is there not as good as they like to portray and they have provided A LOT of redundancies over the last few years.

OPENROAD · 14-05-2009 08:42PM

Heyes wrote: »

Im not saying they havent been good in the amount of employment they have provided, but all im saying is there not as good as they like to portray and they have provided A LOT of redundancies over the last few years.

The fact is they are still a big employer in the country and of course this results in secondary employment also. Many firms worldwide are engaged in huge redundacies at the moment, just look at BT today.

Heyes · 14-05-2009 08:49PM

OPENROAD wrote: »

The fact is they are still a big employer in the country and of course this results in secondary employment also. Many firms worldwide are engaged in huge redundacies at the moment, just look at BT today.

Yes i understand that however its important to note the previous posts with the demand that tesco are expecting from there suppliers : ie : 20% reduction in costs.

If the supplier doesnt do this, they are blacklisted and all lines are discontinued and supplied through another sourse most likely the UK. This has resulted in redundancies in suppliers, distributors, warehousing etc.

I understand they have provided a number of jobs over the years, but you dont read about the amount of suppliers that have closed down over the last few years due to Tesco unrealistic demands. This has obviously gone through the roof over the last few months and been brought to the public view but note this has been going on years its only because of the big R thats its been made more public !

ejmaztec · 14-05-2009 08:50PM

Hasn't Dunnes been carving up the workforce in recent months as well, with redundancies, shortening working hours and closing shops? If our local SuperValu is anything to go buy, they've also ditched a few.

Heyes · 14-05-2009 08:53PM

ejmaztec wrote: »

Hasn't Dunnes been carving up the workforce in recent months as well, with redundancies, shortening working hours and closing shops? If our local SuperValu is anything to go buy, they've also ditched a few.

there demands and cuts are not to the same scale as Tesco.

OPENROAD · 14-05-2009 08:55PM

Heyes wrote: »

Yes i understand that however its important to note the previous posts with the demand that tesco are expecting from there suppliers : ie : 20% reduction in costs.

If the supplier doesnt do this, they are blacklisted and all lines are discontinued and supplied through another sourse most likely the UK. This has resulted in redundancies in suppliers, distributors, warehousing etc.

I understand they have provided a number of jobs over the years, but you dont read about the amount of suppliers that have closed down over the last few years due to Tesco unrealistic demands. This has obviously gone through the roof over the last few months and been brought to the public view but note this has been going on years its only because of the big R thats its been made more public !

If Tesco can source elsewhere cheaper,as a business I would expect them to do so or should they just stick to the same supplier. To be honest I don't know a whole lot about this sector, why are Irish suppliers not in a position to redcue their costs to Tesco?

OPENROAD · 14-05-2009 08:56PM

Heyes wrote: »

there demands and cuts are not to the same scale as Tesco.

Could you provide actual figures so we can compare the two.

elyod · 14-05-2009 08:57PM

Tescos own brand food is manky, and branded products are very expensive.

SuperValue is where it's at. Quality food and ALWAYS loads of half price deals and reductions. You end up with a lot of bargins.

OPENROAD · 14-05-2009 08:59PM

elyod wrote: »

Tescos own brand food is manky, and branded products are very expensive.

SuperValue is where it's at. Quality food and ALWAYS loads of half price deals and reductions. You end up with a lot of bargins.

It is only recently that I have started to see price differences on branded goods, or have Supervalue always been chraper on branded goods?

K-9 · 14-05-2009 09:02PM

OPENROAD wrote: »

It is only recently that I have started to see price differences on branded goods, or have Supervalue always been chraper on branded goods?

They are under intense pressure to reduce, their store in Letterkenny closed. Used to be dear but there offers are good. Then again they have the muscle of Musgraves and RGDATA behind them.

Heyes · 14-05-2009 09:06PM

OPENROAD wrote: »

If Tesco can source elsewhere cheaper,as a business I would expect them to do so or should they just stick to the same supplier. To be honest I don't know a whole lot about this sector, why are Irish suppliers not in a position to redcue their costs to Tesco?

because Tesco expect such a low cost that sometimes its physically impossible. They cant give them the stock for free.

OPENROAD · 14-05-2009 09:11PM

Heyes wrote: »

because Tesco expect such a low cost that sometimes its physically impossible. They cant give them the stock for free.

Ok, but Tesco can obviously source cheaper in the UK, so why shouldn't they? Now maybe it will backfire and people feel strongly about this and will boycott Tesco because of it, personally I doubt they will as I said earlier I think we are becomming more astute as consumers and will shop where we can get the best prices.

Heyes · 14-05-2009 09:20PM

OPENROAD wrote: »

Ok, but Tesco can obviously source cheaper in the UK, so why shouldn't they? Now maybe it will backfire and people feel strongly about this and will boycott Tesco because of it, personally I doubt they will as I said earlier I think we are becomming more astute as consumers and will shop where we can get the best prices.

To be honest i perfectly understand as a business if they can source cheaper then go for it, the only problem is that it hits the jobs in ireland, as they are sourcing in the uk and then transfering it over here.

Its hard to explain but it just hits so many sectors of jobs especially due to the scale that Tesco has held in the irish economy / retail industry.

Hence people anger

K-9 · 14-05-2009 09:29PM

Heyes wrote: »

To be honest i perfectly understand as a business if they can source cheaper then go for it, the only problem is that it hits the jobs in ireland, as they are sourcing in the uk and then transfering it over here.

Its hard to explain but it just hits so many sectors of jobs especially due to the scale that Tesco has held in the irish economy / retail industry.

Hence people anger

The economy is already losing jobs due to shopping in the North and will haemorrhage more if prices don't drop.

Maybe this is "better the devil you know"?

Hitchhiker's Guide to... · 14-05-2009 09:59PM

Topmanager wrote: »

Give Tesco a break,they create alot of employment in this country.It is good to see them put other retailers under pressure to match them.Competion is what is needed to get this economy back up again.

Retail unemployment is not the same as other employment. This is employment that will exist anyway because people need to go somewhere to buy food and other necessities - so Tesco are not creating these jobs, they would be there with any retailer.

Topmanager wrote: »

What about the likes of Dell, Intel, Microsoft,who all make big profits in Ireland and send it back over to America.I dont see a trend on here about these companies keeping their profits in Ireland.

Is it just because Tesco is a british comany?????

lol. Dell etc send profits home, but these are worldwide profits that they could make in any country in the world. They don't make their profits out of Irish people (apart from minor amounts). A retailer like Tesco is different. They are making their money out of us. It would be better for the whole economy if Tesco bought more Irish products because that money would circulate in economy. If Tesco increase the amount of British products they sell then more of the money we spend is leaving the country.

sillyputty · 14-05-2009 10:04PM

I'm actually okay with Tesco, earlier today i bought some feminine products and dropped my money on the ground and found 20c so not only did i save about €1.50 on said feminine products i made some money just by shopping as Tesco.
Still shop in Newry or Dunnes for normal weekly shop though.

K-9 · 14-05-2009 10:25PM

Captain Obvious wrote: »

A retailer like Tesco is different. They are making their money out of us. It would be better for the whole economy if Tesco bought more Irish products because that money would circulate in economy. If Tesco increase the amount of British products they sell then more of the money we spend is leaving the country.

The other side of that is that Irish suppliers can benefit if they get contracts to supply their worldwide stores. Mulrines got a big contract for supplying the UK stores Orange Juice, creating employment.

Tesco: 22% price reduction a sham

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