Gouging is a reserved word for a specific scenario so they aren't doing that - but they are making record profit.
Cost of Living - Shrinkflation is speeding up at an alarming rate
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Soldato
Businesses increase prices too early - when the stuff in the shops etc was purchased pre increased prices. Then fall too late.
Petrol is one example. The petrol you put into your car was probably extracted 2-3 weeks prior when oil was cheaper than it at the moment at the petrol station. The petroleum companies should only pass on the increase when the higher priced oil is the petrol stations
Petrol is one example. The petrol you put into your car was probably extracted 2-3 weeks prior when oil was cheaper than it at the moment at the petrol station. The petroleum companies should only pass on the increase when the higher priced oil is the petrol stations
Caporegime
I noticed while filling up today that Tesco are changing from the 12th June that all Tesco Club Card points will be taken from the amount of litres of fuel purchased rather than the pounds you spend on it. Dick Turpin in broad daylight. Clubcard has been rubbish for years now anyway. All the good stuff is long gone.
Soldato
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I thought clubcard prices were the same as other supermarkets? I.e there wasn't much of a discount, they just wanted the sweet sweet data and to get people through the door.
Google quote - - - Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair.
How is it not exactly that?
This commonly applies to price increases of basic necessities after natural disasters. I.e. water being triple the cost.
The supermarkets are just charging what the market is clearly willing to bare (ignoring the poorest folk as usual).
Its odd,Plenty of these small co-ops on council estates. It's sad to think of people who don't have access to other alternatives. Rip-off!
A few years back, almost all of the co op in my side of the city were all closed within 6 months of each other.
But the ones at the other side stayed open.
I remember ringing their head office and was given a vague "poor performance from store". Place was always rammed after about 9am though up until about 6pm. However the store did start to have a problem with robberies in its later opening hours.
On its prices it was interesting as well.
Supermarkets for years have had pricing that promotes buying for family households, not single people, so typically buying larger quantity items cost more at the coop vs supermarkets, but things like small cartons of milk were cheaper, sandwiches were also cheaper, bread was cheaper as well. I used to go there for bread, tinned sardines, milk type stuff as was cost effective and convenient.
However on certain items was a cost premium, nescafe was almost double the price of supermarkets, salad type stuff and raw meat was expensive. Frozen food I would say was about on par. Sweets were about on par as well. Alcohol was expensive.
If I was to speculate they were putting a price premium on things people might be desperate for (alcohol) and also stuff they perhaps had to routinely throw away due to short shelf life and low sales, such as salad and raw meat.
Their more expensive large cartons of milk I didnt consider unusual as they were roughly same cost per litre as the smaller sku's, but rather the supermarkets were loss leading on those products whilst making large margins on the small cartons of milk on their single person tax.
So if you are someone who brought for a family, and brought ingredients for manual cooking, you deffo would have found coop expensive. But for snacks they werent in my opinion, same also for sandwich stuff including tinned spreads and tinned fish.
Now days though they have changed, the only way to buy from the coop at my side of the city is via someone like deliveroo or to travel halfway across the city, the things that used to be cheap are now expensive, so now they just flat out expensive on everything. Although I have only looked at their deliveroo prices which get pumped up.
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Went to Morrisons yesterday and saw how expensive everything has inflated, like more than usual. I feel like these companies are using apps like the Morrisons more app to then reduce certain items by a small amount to make the increase less noticeable. Still it's a real kick in the nuts, a small shop that use to cost £30 odd now costs closer to £50!
Soldato
Nectar points have been on litres sold from Sainsburys, BP (not a member now) and Esso.
You got more points at Tesco when fuel was almost £2 a litre.
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Soldato
Those little coops are a very expensive way to shop, theres very few things in them priced competitively.
It's the cost of convenience.
It's the cost of convenience.
Soldato
The other week, my friend who works at a supermarket with Just Eat, had a £117 shop. Why couldn't they book a slot online to get groceries delivered later that day? My friend along with another colleague that helped said if they did that, they would have saved about £43.
Soldato
So many people don't realise you can get same day delivery
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If people didn't buy the stuff that is prices expensive then they won't put them on the shelves at this price. People must be buying the marked up prices and this is exactly why they are taking advantage.
Soldato
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Sorry but I don’t understand what’s going on here. If you go via Just eat do you not get discounts/special offers Or something?
Soldato
No, you get bent over and made to feel lucky for the privilege.
Na, normally inflated prices to cover the intermediary platforms share (see my post above, 4 cans of San Miguel for £9.10 before delivery/service charge!).
just eat & co take 25%, so coop is similarly milking those who can't cook/plan ahead - if we used just eat we'd be walking directly into favourite fast food places and negotiate directly,
complaints on supermarket profiteering should be directed at JE too ... roll on the day when supermarkets give you 5%+ off if you purchase, in person.
Like CoOp even local Sainsbury shops ramp up prices versus big stores, was in Norfolk coastal one at the w/e
Morissons, May, seem to have re-jigged their loyalty car so that the parents can see&get the offers without needing a bloody App ,
supermarkets realised they were missing out on an older demographic ? or just any which way to fight Aldi/Lidl.
complaints on supermarket profiteering should be directed at JE too ... roll on the day when supermarkets give you 5%+ off if you purchase, in person.
Prices and delivery fees have snuck up too. As a result, Deliveroo’s gross transactional value (GTV) is up 9% year on year, globally and in the UK. For Just Eat, GTV is down 2% globally and 3% in the UK, but in both cases, GTV is weathering the drop in orders
“These decisions have helped improve profitability,” Crook adds, offsetting the fall in orders.
“Food delivery continues to shift from a state of war to the spoils of war,” says Bernstein European food delivery analyst William Woods. “The market has rationalised quicker than expected, profitability has been easier than expected and we now expect a material inflection point in profitability.”
Like CoOp even local Sainsbury shops ramp up prices versus big stores, was in Norfolk coastal one at the w/e
Morissons, May, seem to have re-jigged their loyalty car so that the parents can see&get the offers without needing a bloody App ,
supermarkets realised they were missing out on an older demographic ? or just any which way to fight Aldi/Lidl.
I balked at the price of a KFC box meal about a month ago at £9.49 but paid it. I pondered a KFC last night as it was too hot to cook and the price is now £10.29! If you want more than three chips a Large is £11.28, will sir be paying by cash or kidney?
Yeah I balked at a 6 piece the other day. Almost made my toddler go to a food bank.