Value For Money Supermarkets Are Full
At a time when the cost of living is rising it is now apparent that more and more of the UK population are downgrading the quality of the food which they eat, or at least looking to visit the ‘value’ end of the sector. Figures released by TNS Worldpanel show grocery market sales for the UK are up amongst both the top four and the value end of the market where the largest year on year growth is evident.
Year on year sales growth is running at 21% and 13% for Aldi and Lidl respectively and even Iceland is showing impressive growth of 12% over the last 12 months. When you compare this to the likes of Tesco, ASDA and Morrison’s where growth has been 5%, 8% and 8% respectively, this does highlight the increasing attractions of so called value shopping.
While these is obviously a difference in the quality of some food items at the likes of Tesco and Aldi, many people believe that the difference in price for more staple diet items is only down to package and display costs. Anyone who has visited a value supermarket will recognise the existence of a pile them high and sell them quick sales strategy, where presentation is not top of the list.
Share this..
Related stories
National Grid issues alert on gas supply
The National Grid has issued its second "gas balancing alert" of the week as the extreme cold weather in the UK continues to impact upon demand for gas. The "gas balancing alert" is issued when demand for gas in the country outstrips supply and is effectively a warning to consumers and businesses to be more efficient in the use of gas. Demand for gas across the UK is expected to hit 454,000,000...
Read MoreThe fees continue to mount for Lloyds bank
It has been revealed that a potential £10 billion rights issue from Lloyds bank would generate in excess of £300 million in fees for those banking institutions involved in the deal. When you also add in the potential £1 billion break free which the UK government is looking to charge Lloyds bank for leaving the toxic asset protection scheme, the fees are certainly starting to mount up for Lloyds...
Read MoreBT Ready To Invest £1.5 Billion Into UK Broadband
BT is ready and waiting to invest a substantial £1.5 billion into the next generation broadband service of the UK but is waiting for the go-ahead from OFCOM, the industry regulator. In a show of power, BT has said it will only be able to invest the funds if OFCOM looks favourably upon the company's request to increase wholesale broadband charges in the UK - the amount BT charge other broadband...
Read MoreBid activity helps London equities
News that International Power is in talks with French competitor GDF Suez and a bid approach to Tomkins have helped to support the UK stock market this morning. However, there is still concern regarding the economic outlook for the UK, Europe and America with news that the Irish credit rating has been downgraded by Moody's. So will bid activity support markets in the short term? As we have ment...
Read MoreMinisters Again Call For High Taxes For The Rich
As the support for the Labour Party continues to haemorrhage it is no surprise to see the latest call for higher taxes for the rich. In a move of breath taking nerve, health minister Ivan Lewis has repeated the recent call for higher taxes for the rich in order to support those at the lower end of the income scale. It seems that Labour is looking to return to its core supporters and ditch the mi...
Read More