ASDA will only support British when it's cheap
- Thread starter willy
- Start date
- Location
- Lincolnshire
Feck Asda.
- Location
- East Sussex
'Keep prices low for our customers'.......... yeah, sure you lying b4astads.
- Location
- Hammerwich
Price over provenance. That is the consumer way. It's why Red Tractor struggle. As Asda are saying loud and clear here that the consumer cares more about the price and that's what they as a business need to focus on.
- Location
- East Sussex
Looking after their own margins more like.
Campbell
Member
- Location
- Herefordshire
Agree this looks like treachery, but don't forget, we spend a large part of our lives looking for ways to save money and increase our margins, often at the cost of loyalty.
- Location
- sw scotland
Ah, but once we are a high-tech, high-wage economy all will be well.
Let them eat steak.
Let them eat steak.
Mixedupfarmer
Member
- Location
- Norfolk
Beef prices have hardly moved since the pledge was made last October. It is nothing to do with the price of British, and all to do with finding some cheaper to import. Its a pity the NFU and NBA are only disappointed, (bet ASDA are worried ), as I am bloody furious. If this was France, there would be demonstrations outside ASDA already!
- Location
- Hammerwich
It's more retaining customers, in my opinion. As they know consumers will just move to another supermarket that is cheaper.
But it all comes back to the fact the consumer doesn't care about a RT logo or a GB flag if the price is low enough.
- Location
- Scottish Highlands
I am afraid you are right. I do my own shopping/cooking (I live alone) and have to admit RT means nothing to me. I buy beef on quality, not because I am rich (I'm not) but because I just don't like tough tasteless meat.
Shopping on price is simply economics at work and something we all do, not just for groceries. Like it or not, we are going to be eating imported food (which I believe will be mostly cheap rubbish for the masses). I do believe we need to produce quality, which is something we are skilled at doing, as there will always be a market for that.
Isn't there a saying, "Quality always sells"? If not, there damned well ought to be, as it does!
Shopping on price is simply economics at work and something we all do, not just for groceries. Like it or not, we are going to be eating imported food (which I believe will be mostly cheap rubbish for the masses). I do believe we need to produce quality, which is something we are skilled at doing, as there will always be a market for that.
Isn't there a saying, "Quality always sells"? If not, there damned well ought to be, as it does!
- Location
- Limousin
The new owners of ASDA probably need the extra cash for the £5 million mosque they are building in Blackburn.
Billionaire Issa brothers: £5m 'landmark' Blackburn mosque approved
The Issa brothers' £5m project will be an "impressive facility", a councillor says.
www.bbc.com
TheTallGuy
Member
- Location
- Cambridgeshire
More to do with the ridiculous loan structure used to buy the business & the extra debt incurred due to the balls up with the filling stations!The new owners of ASDA probably need the extra cash for the £5 million mosque they are building in Blackburn.
Billionaire Issa brothers: £5m 'landmark' Blackburn mosque approved
The Issa brothers' £5m project will be an "impressive facility", a councillor says.www.bbc.com
- Location
- Lancashire/Gloucestershire
Also the muslim only cemetery they have put plans in for on 90 acres of grazing land just up the road from me. They have no morals.
- Location
- Limousin
From what I can see it's financed through tax havens via the TDR group, actual HQ in London, for tax purposes, HQ Luxemburg.
The best way of looking after their customers is to guarantee supply, look what's going on in the world with massive inflation due to supply issues.
If they stuck by British beef, it will be there for the long run and will pay, but as usual we are a world of very short sightedness.
If they stuck by British beef, it will be there for the long run and will pay, but as usual we are a world of very short sightedness.
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TheTallGuy
Member
- Location
- Cambridgeshire
The brothers only put up a fraction of the money for the buyout - the rest comes from loans and bonds for which Asda are liable, not the brothers - so they've bought a business worth several billion with less than £1 billion whilst burdening the business with extra debts. There's some very clever paperwork been done that protects the brothers whilst maximising what they can extract the most money possible from the business. They've also sokd off the distribution centres to pay for bridging loans, but those then have to be leased back at a significant cost to the business. The upshot is that Asda will be debt laden to something like 4x its earnings (double the level of the competition) with increased costs in order to have the privilege of being owned by the brothers.
- Location
- Limousin
You mean like most UK companies that are taken over nowadays.
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TheTallGuy
Member
- Location
- Cambridgeshire
The brothers really pushed the boundaries on this one, especially since their plan to sell the filling stations off to their EG chain fell through & caused more issues.You mean like most UK companies that are takeover nowadays.
- Location
- sw scotland
That never ends well.
You will see another thread on the Domino effect which discusses just how much debt big businesses are carrying. If they were called in tomorrow then the world economy would collapse.