Morrison is reducing Safeway's prices by up to 6% and Sainsbury is bound to see lower prices as one of the basic changes necessary to drive its recovery. With both Asda and Tesco committed to price leadership, this could result in a step down in industry profitability. displayed 300 characters
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Although international business is still growing, and is expected to contribute greater amounts to Tesco's profits over the next few years, the company is still highly dependent on the UK market (73.8% of 2003 revenues). While this isn't a major weakness in the short term, any changes in the UK supermarket industry over the next year - for example, like the Morrison's group successfully purchasing the Safeway chain - could alter the balance of UK supermarket power, and affect share... displayed next 300 characters
This is due to the fact that buyers will exercise their power of buying and move to other supermarket retailers if prices are too high. For example if a can of baked beans is price too high in the Tesco
This is due to the fact that buyers will exercise their power of buying and move to other supermarket retailers if prices are too high. For example if a can of baked beans is price too high in the Tesco superstore, customers will use their buying power and move to another food retailer such as Sainsbury, Morrison or Asda...
Examples can be seen in the past such as when Morrison bought Safeway out. However the outcome has proven not to be as successful as hoped as currently Morrison's market share is actually falling from 11...
It is not fair to try to justify the increase in gas prices by pointing the finger at the cost of oil. If the supply and demand can not be leveled out, more efficient ways need to be developed to make up for the limited supply...
With gasoline prices falling at a somewhat of a rapid rate, more and more Americans are going out and spending money on holiday gifts. Many retail stores stayed open on Thanksgiving, Kmart was one of the large retail stores that had its doors open all day...
Morrison's had to pay nearly ?3bn and take out a loan of ?1.9bn. This is an opportunity cost, as Morrison's could have spent the money improving there current stores, or invested the money, earning interest on it...
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