Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
9 September 2009
20:5628687Just to let you know that work on their new shop in Dover is going well and it will be open in about 10 weeks time.
That will be good for the town centre.
Vic Matcham
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
10 September 2009
07:1928690vic,only time will tell,should be intresting if it does.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
10 September 2009
07:5428693The Morrisons profits were announced this morning and off the top of my head the figures have rocketed to £449million pounds of profit. I am just quoting those figures right now off the top of my head and as I remember it from the radio this morning, but will double check later. They are making serious inroads as a supermarket and are really on the up. These profits now take them into the big league as they have grown and grown with confidence over recent years, as you can see from their tv ads. They are Britains fourth largest supermarket.
These supermarkets make enormous amounts of money yet still manage to convey the notion that they are giving their customers a good deal!
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
10 September 2009
08:0228694The only difference PaulB is that Morrisons do tend to build in the towns rather that lauch a Tescoville out of town which then attracts other stores out of the town.
Marek
I think therefore I am (not a Tory supporter)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
10 September 2009
08:0928696It is perfectly normal in a recession for low cost food outlets to increase profits. Its good to see some businesses doing well at this time and Marek is right, Tesco has grown so large with its aggressive expansion they need competition like Morrison with a slightly different approach.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
10 September 2009
08:2528697Yes indeed...but just to add re the figures above. yes £449 was the correct figure but its a figure for just the first SIX months of the year. I hadnt realised it was a six monthly figure so they are doing even better than we thought at first. Sales up 45%. The chief executive is Marc Bolland and he is Dutch...a name similar to mine ..I have often suspected my roots lie somewhere in Europe!!
Im still not convinced though that supermarkets are giving their customers quite the good deals they'd have us believe. Their margin on each item sold is clearly enormous. Having said that...Im off to Tesco in a few moments! sigh!
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,681
10 September 2009
09:0028698The real problem with the supermarkets is that they do not give the producers a good deal particularly small scale local producers
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
10 September 2009
09:3228699High volume and low margins, PaulB. If their margins were high then small shops would find it easier to compete, something that is certainly not the case.
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
10 September 2009
13:3028702BARRYW
Not sure if your sayng this competition is good or not
even though it could kill small busnisses?
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
10 September 2009
13:3828707I am all for competition Keith. All I was pointing out to PaulB was that his comment about high margins for supermarkets is incorrect. Smaller shops have to compete on service and convenience, to offset the price disadvantage, something supermarkets have some difficulty with.
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
10 September 2009
13:4228709My own view is that the likes of tesco's/morrisons will kill off small businmess
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,681
10 September 2009
14:0928713I think the way for small shops to compete is absolutely based on service and quality.
Look at the "farm" shop up Cherry Tree, or the bakers up London Road, or Rook's and compare the quality of their produce with that in the supermarkets, plus of couse you get personal service too.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
10 September 2009
14:1028714Ido agree in part Ross
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
10 September 2009
14:3328715I shop alot at Morrinson,s at Canturbury great shop +fuel does not cost so much there all round a good deal.
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
10 September 2009
14:5328720And the little small business'?
10 September 2009
17:3328724Making a profit does not make it impossible to offer a good deal - quite the reverse! I loathe all mega-super-markets like Tesco (strangely, I like Waitrose..........) but that is mainly because they do, as Marek has identified, create a vacuum in town and a dependency culture in the suburbs. Waitrose tends not to fall into that one. If Morrisons are offering good deals and quality and making a profit, result and respect!! I still prefer the personal customer service that small shops (and Waitrose!!) offer.
Now, if Waitrose would kindly send me my brown envelope.........................
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
10 September 2009
19:3428733what can be said about waitrose that has not already been said?
well, today, the prince of wales has struck a deal with them, offloading his produce to them to sell to others with more money than sense.
i bet that posh barry is doing a deal with costcutters as we speak.
i have never been in a morrisons emporium, but am told by people that do, that they do excellent fresh produce.
the dutch bloke that paul referred to made an interesting point about the change in peoples shopping habits due to the downturn. morrisons have not changed anything, the shoppers have, they still shop with them, but their basket contains different items than they did before the downturn.
many other supermarkets have deliberately brought in low price/quality products.
10 September 2009
20:2428738I have also been told that their bread is good, better than Somerfield, which I like a lot. I am eager to try it ou!
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
14 September 2009
06:5928902I'm surprised to hear it is opening in 10 weeks time, the last I heard, it was early in the New Year, but late November will still catch a lot of Christmas shopping and give Tesco's a run for their money.
On the cost side, Jean and I have just returned from 2 weeks in Majorca and I can say that the cost of general supermarket shopping here, is so much less than over there (apart from many wines). We were both very surprised at the high cost of living there (including eating and drinking out) and the apparantly low wages for the majority of people.
Roger