As much as I hate to admit it I don't think they are profiteering - the price of oil is high, costing shops more to get our goods transported. Plus look at the price of commodities such as wheat and milk - as more of our green space is taken up for biofuels is it any wonder that prices are increasing, after all animals need to be fed. Perhaps I'm playing devil's advocate, but don't forget that many prices have gone down too..such as ready meals, dairy products and baby food.
The farmer receives a fraction of the price for his milk - that the supermarkets then sell it for. Also if as you state, that dairy products have gone down in price - then what is milk - and milk is going up all the time. The supermarkets are profitering from us - they tempt the shopper with BOGOFs on cakes, crisps and other less essentials, whilst milk, eggs, bread all the essentials are going up through the roof. Whilst it is costing more to produce many of these items - it is the producer as well as the shopper who are picking up the costs - not the supermarkets. One local egg producer gets 80p a dozen for his eggs (barn eggs) have you looked at what half a dozen barn eggs sell for in the supermarkets. Unless we all go self sufficient then the supermarkets have an open playing field to keep charging us what they want.
The supermarkets are clearly continuing to make profits, but I doubt they are excessive in general. This is mainly because it still remains quite a competitive market - this has been shown by the rapid advance of cost-cutters like Lidl and Aldi - the latter has recently expanded substantially in the UK, so the majors cannot be too complacent. Sainsbury's and M&S have been losing market share so will have to be price-sensitive to stay in the race.
Are you kidding! The supermarkets are one of the few retailers still making bumper profits. I cut back to many value brands about 18 months ago when my husband took voluntary redundancy but they're not such good value any more.
It used to cost about 15p for a tin of value beans - it is now 29p - which is nearly a 100% increase. Mixed fruit jam was 32p now 65p. 1kg sultanas was 95p now 165p. These are just a few of the completely unjustified increases in my weekly shop. I was lead to believe that the main reason the prices went up was the cost of petrol but guess what - they haven't cut them back down yet now its cheaper again!
And don't even get me started on the way the banks are treating us!
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Of course the supermarkets are profiteering. Look at how much their profits have increased. Increases to prices are passed on very subtly a few pence here this week a few pence here that week so most people won't notice until they pay the final bill at the till. The supermarkets are just another part of rip-off Britain.
I believe that they are. As the previous comments, prices went up when petrol increased but did not come down accordingly. The so call half price products are often only back to the price that they were originally.
Is RETAIL milk going up ????, In Tesco yesterday ( Wed 17th Feb) i paid for a 3 litre container of milk just ONE POUND yes £1 ...albeit " a supermarket cheapy brand ) from cheap cows perhaps !!!!!, the other side of the coin is if i paid 33.3p per litre , take the margins of the supermarket , dairy proccessor , how much does that leave for the POOR farmer !!!!!!!!!!!!!!!!!
Of course supermarkets are profiteering, they have never done anything else. They live off the back of both customers and suppliers. Customers have little choice of where they shop since the independent sector has been crucified and the suppliers have the choice of back the offers or lose the business. Not content with that, at least one supermarket is indulging in what at worst is a deliberate policy of fooling the customer and at best guilty of sharp practice. Just one example of many I have seen this week - a large tin of Branson baked beans 50p, bought as a 4 pack the individual cost goes up to 60p. In an attempt to fool the customer even more, the single can price is quoted per 100 gm but the four pack price is quoted per kg. Offer prices on the shelf stickers very often don't find their way to the scanners. How often does the average shopper check their till slip and compare it with the shelf price. The own brand products take up an even greater shelf space, so much so that one has to search for brand leaders we all know. All for the customer benefit, crap, crap, crap. The real reason is bigger margins. We are told so often that customers are listened to and the supermarkets react accordingly---absolute rubbish, their declared profits are obscene.
Anyone who beleives that the supermarkets are not profiteering are deluding themselves.
My partner has a very good memory for prices where as I'm a typical male & hardly take snotice of the prices in the supermarkets.
However since the recession kicked in we have taken a real good look at the supermarket chain we used to shop in Tesco's.
They have been steadily putting up everything & the increases are every couple of weeks on average.
Teso's used to be what I call very good value for money for nearly all of our shopping.
Now they get very little from us as we goto Aldi as they are so much cheaper whilst the food is just as good.
Another big ripp off again is fuel now at £1.14 per litre so nearly as expensive as it was when the price of a barrel of oil was $147, another rise is on the way too, where will it all stop?
the greedy supermarkets certainly have no problem in taking more of our hard earnt money just like the utility companies & the greedy oil companies, we will all soon just work to pay bills & buy food if your not already in that position already.
It's a disgrace that these companies can keep on getting away with ripping us all off.
Of course they are ripping the public off, they always have done and always will do. The amount of profits that they make, especially during a recession is proof. There is not enough competition with the major supermarkets and the only loosers are the public and the farmers, the latter are treated disgustingly. They are like the banks a law unto themselves, so long as they make millions of pounds for the shareholders to hell with the customers, profit will always come first.
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