asterisk2a + lidl   3

Aldi cranks up the pressure on the big four supermarkets
All the major chains have cut prices, but Barnes says he merely cut Aldi’s further, by an average 6% in the past year, to maintain the differential. He adds that Asda will never achieve its stated aim of narrowing its price gap with the discounters to just 5%. “Whether Asda gets to 5% is not just their decision; it’s ours as well. We will not let any competitor get to 5%. That’s a concrete commitment.”

Maintaining that price position has hit Aldi’s already slim profit margins, but Barnes says profits were strong last year, with the cost of price cuts offset by increased sales and tight control of central costs. He believes deflation in the market will slow by the end of this year as the major chains switch to competing on measures such as service or quality.
ASDA  Aldi  Lidl  Tesco  UK  Retail  brick  and  mortar  on-demand  Supermarket  commodity  business  austerity  squeezed  middle  class  discretionary  spending  disposable  income  working  poor  recovery  Frugal 
april 2016 by asterisk2a
Will easyFoodstore be the next easyJet – or the next easyCruise? | Business | The Guardian
No Expensie Brands. Everything canned or else. No fresh produce. // Stelios Haji-Ioannou opens easyFoodstore with 25p offer. EasyJet founder takes on supermarkets with discount grocery store in north-west London // There can’t be many customers in this shop – or anywhere – who remember easyCinema, easy4Men, easyMoney, easyInternetCafe, easyMusic or easyCruise. But despite some of the nags that flopped at the first hurdle, the brand has endured, thanks largely to easyJet. The airline Haji-Ioannou founded – and in which he still has a 35% stake – paid him £77m in dividends last year and also provided the lion’s share of the £13.2m turnover easyGroup made by licensing use of its brand.
austerity  poverty  UK  disposable  income  discretionary  spending  precarious  work  Precariat  working  poor  low  income  squeezed  middle  class  low  pay  minimum  wage  recovery  Food  Bank  poverty  business  model  opportunity  Opportunism  Lidl  Aldi  e-commerce  Retail  brick  and  mortar  business  Primark  Fast  Fashion  Tesco 
february 2016 by asterisk2a

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