Supermarkets exploi...
 

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Supermarkets exploiting cost of living crisis

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You also have to remember supermarkets work on increasing smaller profit margins, Tesco is around 2%, but their running costs have risen far above inflation

Tesco's total gross margin is around 6.5% currently.


 
Posted : 03/02/2023 1:14 pm
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Bit of a non issue with 10 seconds of thought into what you are buying.

I have to agree TBH, as someone who lives alone and rarely buys "individual" portioned foods - just 2-pint milk carton rather than the 4-pinters.

Just learn a bit about food and cooking, utilise the freezer and it's not a problem at all.


 
Posted : 03/02/2023 1:22 pm
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Just learn a bit about food and cooking, utilise the freezer and it’s not a problem at all.

The OP worked as a chef and his freezer is full, he said.


 
Posted : 03/02/2023 1:24 pm
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The OP worked as a chef and his freezer is full, he said.

Is it possible he's not making optimum use of the freezer then?

Mine was full last week, so I've been eating some stuff out of it and now it's not.

🙂


 
Posted : 03/02/2023 1:27 pm
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Mine was full last week, so I’ve been eating some stuff out of it and now it’s not.

🙂

My thoughts as well, but, you know, your freezer capacity may vary. 😀


 
Posted : 03/02/2023 1:31 pm
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Just learn a bit about food and cooking, utilise the freezer and it’s not a problem at all.

As someone who moved from a house with a large kitchen last year to one with a small kitchen - batch cooking is only doable if you've got a big freezer.

We're currently restricted to a small under-counter one and it holds sod-all!


 
Posted : 03/02/2023 1:34 pm
 csb
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increasingly our local supermarket prices are different at the till than they are as displayed in the shop

Happily, the Sainsbos local near me has had the 2.2 litre jugs of milk wrongly priced at the till for about 6 months, despite the shelf price going up about 50%. We do a lot of milk in our house.


 
Posted : 03/02/2023 2:10 pm
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Tesco’s total gross margin is around 6.5% currently.

Sorry I should have been clearer I was talking profit margin, not gross margins. But again that's a good example most small shops have a gross margin of between 20 and 30%, a 6.5% margin is incredibly small and shows how tight supermarkets have to work too - which was the point I was trying to make.

Tescos revenue in 2022 was just over 61billion, it's declared net profit after tax was a little under 1.5 billion or around 2.4%

This was around a 3x increase on 2021 and double 2020. I'd hazard a guess that Covid and the trend to move to online delivery or collection seems to have done the super markets well as people moved away from face to face.


 
Posted : 03/02/2023 2:27 pm
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I didn't intend to start a freezer argument and I don't pretend to fully understand the OP's circumstances.

But living alone myself, I find an under-counter freezer is fine for my needs (which includes feeding regularly visiting kids).

I've actually been surprised how much I can cram in there.


 
Posted : 03/02/2023 4:24 pm
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