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Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise |
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#1 |
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Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise
Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise to protect shoppers from devaluing pound https://www.thesun.co.uk/news/251721...valuing-pound/ Quote:
SUPERMARKET giant Marks & Spencer is set to increase prices of up to 15% on some grocery items – despite bosses promising to protect shoppers for a devalued pound. It was a move that is said to have angered suppliers, who have since threatened to pull products from the shelves and dubbed his promise “rubbish”. Quote:
The unnamed supplier told The Times that the supermarket put itself in a “ridiculously hopeless situation” by making the promise. I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week".
Since the EU referendum in June, the pound is down 17.4% against the dollar. It is also 11.1% down against the euro. |
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#2 |
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Join Date: Aug 2016
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What a weird piece, it thinks M&S is a supermarket giant @ 3.5% market share.
If some prices go up 15%, I'm sure some customers will walk away. Remember it is some prices upto 15% |
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#3 |
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Join Date: Mar 2003
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Quote:
What a weird piece, it thinks M&S is a supermarket giant @ 3.5% market share.
If some prices go up 15%, I'm sure some customers will walk away. Remember it is some prices upto 15% |
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#4 |
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Join Date: Nov 2010
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Quote:
Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise to protect shoppers from devaluing pound
https://www.thesun.co.uk/news/251721...valuing-pound/ I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week". I wonder how many voters though honestly thought that the slogan of a political campaign group chaired by a Labour MP would be automatically delivered by a Tory government wedded to austerity? |
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#5 |
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Join Date: Nov 2010
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Quote:
Walk away to who? The price rises will be across the board
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#6 |
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Join Date: Aug 2016
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Quote:
Walk away to who? The price rises will be across the board
As a "supermarket" they are down to 3.5%, while as a retailer around 12%. Not the giant that the story indicates. Currencies have moved around 15%, so prices are expected to rise by around 10% when you take into effect more purchases from UK based suppliers whose manufacturing and supply are more UK based. Overall prices will go up but our manufacturing base will increase. So yes, we'll all a bit poorer but our economy will be more balanced away from services. |
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#7 |
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Join Date: May 2010
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Quote:
Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise to protect shoppers from devaluing pound
https://www.thesun.co.uk/news/251721...valuing-pound/ I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week". |
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#8 |
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Join Date: Dec 2011
Posts: 2,582
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Quote:
Walk away to who? The price rises will be across the board
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#9 |
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Join Date: Aug 2016
Posts: 1,006
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Quote:
I thought it says "some grocery items"?
I'm sure that happens every year. |
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#10 |
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Join Date: Jul 2007
Posts: 2,344
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Quote:
Walk away to who? The price rises will be across the board
Yes, I imagine the companies receiving foreign aid will stick together. How kind of M&S to offer poor people a course called Emerging Leaders with that money. Wait -- Emerging Leaders? Isn't that a Common Purpose course? |
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#11 |
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Join Date: Dec 2011
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Quote:
I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week". Obviously we had The Sun, Mail & Express with big front page headlines such as: "You pay for Roma Palaces", "We can't stop migrant surge", "EU opens door to 79m form Turkey" etc https://twitter.com/Far_Right_Watch/...48248933535745 While M&S staff were obviously just putting the newspapers on the stand, M&S have a high percentage of white, elderly customers who would have been targeted by these fake news stories. |
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#12 |
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Join Date: Oct 2004
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Quote:
I think the Brexiters are planning a trip across the Channel to France for their weekly shop.
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#13 |
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Join Date: Oct 2003
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Quote:
... The price rises will be across the board
And why has this angered suppliers, and why would they threaten to pull stuff from the shelves? If M&S put up their prices to ensure the suppliers can be paid, surely from their perspective that's a good thing? Price fluctuations are an inevitability, demand varies as a result, sounds like the expected pre-brexit turbulence but surely nothing they haven't dealt with before? |
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#14 |
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Join Date: Aug 2016
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I hope someone tries. It'll be delicious to read about the hassle that they've imposed on themselves
British tourists will still be able to shop in France without any hassle. Neither France nor the UK want to impose barriers on tourism. |
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#15 |
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Join Date: Jan 2014
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Quote:
Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise to protect shoppers from devaluing pound
https://www.thesun.co.uk/news/251721...valuing-pound/ I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week". |
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#16 |
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Forum Member
Join Date: Jun 2003
Posts: 97,113
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Quote:
Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise to protect shoppers from devaluing pound
https://www.thesun.co.uk/news/251721...valuing-pound/ I do hope the M&S shoppers didn't also believe the "let's give the NHS £350m a week". |
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#17 |
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Join Date: Jun 2006
Posts: 40,289
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People could always try Iceland.
It's not in the EU! |
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#18 |
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Join Date: Oct 2003
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Quote:
People could always try Iceland.
It's not in the EU!
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#19 |
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Join Date: Sep 2003
Location: Devon
Posts: 47,995
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Usually it is suppliers who increase the price as per the Unilever/Tesco spat so this unanmed supplier source moaning at M&S increasing prices is rather bizarre.
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#20 |
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Join Date: Jul 2012
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Better get used to price increases as Brexit unravels. You've got your country back, and all of its problems.
And no rival shops ever undercut competitors to boost market share and turn casual 'churn' customers into regulars. It's amazing that we are chucking all this away.
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#21 |
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Join Date: Jun 2016
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The same M&S currently busy converting a lot of their stores away from clothes to food only
Not sure I would want shares in them right now then |
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#22 |
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Join Date: Jan 2012
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Sainsbury's have already started jacking up their prices from today. Some of the meals I buy have gone from £3.50 to £4.00. Various other meats and products are 10-15% more expensive. Various loaves and batons are 10% more expensive.
Well done brexiteers! I'm lucky I can afford to absorb these increases. But there are many, many less fortunate people who are going to be hit very very hard from today. |
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#23 |
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Join Date: Dec 2006
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The Engineer at it again.
Who is this poster? It could be anyone of the following: Nick Clegg, Anna Soubry, Will Straw, Tim Farron, Ken Clarke, Kinnockio, or any other sore loser, who can't their own way. Now getting a bit tiresome, just move on. |
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#24 |
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Forum Member
Join Date: May 2005
Posts: 59,687
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Quote:
I think the Brexiters are planning a trip across the Channel to France for their weekly shop.
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#25 |
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Join Date: Mar 2003
Posts: 4,527
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Quote:
Usually it is suppliers who increase the price as per the Unilever/Tesco spat so this unanmed supplier source moaning at M&S increasing prices is rather bizarre.
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