Asda in trouble. Could the Gov step in?
- Thread starter soapsud
- Start date
- Location
- East Sussex
ASDA has far too much debt and with margins being squeezed it has little chance of survival.
Nationalising food supplies doesn't have a very good record in the world.
Nationalising food supplies doesn't have a very good record in the world.
It's like Woolworths and a few others been in business a long time and borrowing to pay over inflated salaries, bonuses and dividends plus selling off sites and leasing them back, the clever people call it leverage, being a simple peasant I call it selling your breakfast to buy your dinner.
Aldi and Lidl are taking up market share.
This is Labour's first test for their support for workers. If they do step in it'll be a variation on PFI. The lefties in the Labour party will start chuntering now.
Obviously HMG wouldn't nationalise Asda. That was just bait before bait
This is Labour's first test for their support for workers. If they do step in it'll be a variation on PFI. The lefties in the Labour party will start chuntering now.
Obviously HMG wouldn't nationalise Asda. That was just bait before bait
Aldi and Lidl are taking up market share.
This is Labour's first test for their support for workers. If they do step in it'll be a variation on PFI. The lefties in the Labour party will start chuntering now.
Obviously HMG wouldn't nationalise Asda. That was just bait before bait
No, that will be the pay deal that they agreed with the doctors. 21% is some benchmark when the train drivers are revolting .....
I was told yesterday it’s because most doctors vote labour not sure about that to be honest.
Hilly
Member
- Location
- Scottish Borders.
Let them go bust as we would but the bankers in jail for lending irresponsibly , plenty jobs to had for the staff ..
Good point. I'll try and say why I started this and why this is Ag related not Cess Pit territory.
Ag producers are price takers. Supermarket buyers determine market prices. Competition between them creates the market. If, as your wit above demos, Asda goes to the wall, then that's one less hat in the ring for farmgate prices and therefore one step closer to a food buying monopoly. Which means less keen prices for primary producers.
In short, it is in farmers' interests that the Big Six don't get reduced.
ColinV6
Member
I did wonder if that’s why whenever im in there’s about 2 checkouts open and a queue a mile long for each, and nobody wanting to use the self checkouts with a trolley full.
I don’t do self check out, prefer to queue and deal with a real person.
- Location
- People's Republic of South Yorkshire
Depends how much owners are taking out..
Remember Arcadia group and Philip Green..
Hilly
Member
- Location
- Scottish Borders.
Self checkouts just them trying to use less staff.
ColinV6
Member
That’s the issue. Everyone wants to use a proper checkout. Everyone is frustrated when they have to queue ages to wait for one of a handful of checkouts open, while about 10+ sit closed.
Self checkouts are fine for 3-4 items, a bunch of flowers and a card etc. For a basket full or trolley full then forget it.
“Please wait for assistance”
“Approval needed”
“Please place the item in bagging area”
It’s soul destroying!!
- Location
- Hereford
OH gone shopping ....told her not to go to Asda ....just in case the receivers come and put a lock on the carpark gate 
essex man
Member
- Location
- colchester
You can go to Lidl and get served by a person.
ColinV6
Member
We sometimes do aldi as the food is superb but the way they scan stuff through at a million miles an hour gives me anxiety lol.
Then you have to fling it in the trolley and then go and repack it all.
Or just wait in the queue at Asda and browse TFF while you wait,
Or just send the wife
Enry
Member
- Location
- Shropshire
or selling your dinner to buy your breakfast....
- Location
- East Essexshire
If they are in trouble one of the others will snap them up in no time.