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Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise


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Old 02-01-2017, 12:44
aurichie
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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.
He's telling the truth. As I just posted, other supermarkets have already started increasing their prices from today.

The cold hard truth is going to start hitting people like a ton of bricks from today.
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Old 02-01-2017, 12:45
MargMck
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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
Yep, this is to do with how they have struggled in the clothing sector for several years, removing heads of fashion etc like some football clubs switch their managers. The business model now seems to be built on fast turnaround £4.99 / £5.99 ready meals, packaged with a 'luxury dining' look (crab linguine, 3 mins in the microwave, anyone?) and sold as 'recipes'.
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Old 02-01-2017, 12:46
chavet
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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.
I agree that Sainsbury's have been directly and indirectly putting up their prices on things like the meal deals... What do M&S and Sainsbury's and Mischcon de Reya have in common, and how could we use that to benefit the "many, many less fortunate" people of whom you speak?
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Old 02-01-2017, 12:47
MargMck
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He's telling the truth. As I just posted, other supermarkets have already started increasing their prices from today.

The cold hard truth is going to start hitting people like a ton of bricks from today.
Of course you have more experience than most of this occurrence.
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Old 02-01-2017, 12:51
James_Orton
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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.
which meals has gone up?
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Old 02-01-2017, 12:52
aurichie
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I agree that Sainsbury's have been directly and indirectly putting up their prices on things like the meal deals... What do M&S and Sainsbury's and Mischcon de Reya have in common, and how could we use that to benefit the "many, many less fortunate" people of whom you speak?
It isn't the meal deals that have gone up today. In fact, the meal deals I buy are still the same price for the moment. It's a lot of other staple products getting very hefty price hikes.
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Old 02-01-2017, 12:53
Doctor_Wibble
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which meals have gone up?
An easy rule of thumb would be:

£3.50 == old price, horse
£4.00 == new price, beef
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Old 02-01-2017, 12:53
aurichie
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Of course you have more experience than most of this occurrence.
Regardless it is going to turn A LOT of people against brexit, so there is some good news to come from this.
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Old 02-01-2017, 12:55
aurichie
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which meals has gone up?
It's not just pre-prepared meat meals but chicken, beef, fish, etc. Bread, eggs too.
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Old 02-01-2017, 13:04
MargMck
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Even as far back as 2013, experts were predicting that food prices would rise faster than incomes until at least 2018 - factors such as volatile weather and much higher demand for meat - and a willingness to pay - by rapidly wealthy Chinese was expected to hit Western markets.
Then you have the seasonal availability fluctuations and harvest results before "taking advantage of Brexit" comes into play.
Food prices rose 22% in the UK between 2007 and 2013 while rising only 12% in Germany and 13% in France.
Perhaps we will be able to eventually match these results when we leave... after all being in the EU doesn't seem to have done us any favours in recent years.
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Old 02-01-2017, 13:09
TheEngineer
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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.
Oh sorry is the truth getting a bit "tiresome"?
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Old 02-01-2017, 13:13
Aristaeus
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Project fear. M&S are liberal metropolitan elites who have no idea how real people live.
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Old 02-01-2017, 13:21
chavet
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It isn't the meal deals that have gone up today. In fact, the meal deals I buy are still the same price for the moment. It's a lot of other staple products getting very hefty price hikes.
I can imagine. I used to work for them and they really were one of the greediest companies -- they appeared to keep 'full-time' workers just low enough that, should they be needed to work extra hours in a week, they wouldn't have to pay overtime rates. This meant even the main staff were earning four figures a year. As a special rip-off for me as a newbie, they decided that it wasn't an 8-hour day I was working, but two four-hour shifts, lest they have to pay for a single second of break time. They then had the cheek to make their 9-grand-a-year staff hand over their money to their charities for, you know, poor people...

Anyway, I was more interested in how you felt about the fact that the people involved in perpetuating the image of Brexit as something we should avoid are all leadership trained and bought and paid for in some way or other?
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Old 02-01-2017, 13:22
James_Orton
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It's not just pre-prepared meat meals but chicken, beef, fish, etc. Bread, eggs too.
I didn't ask that, I asked you which specific meals had gone up.
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Old 02-01-2017, 13:27
chavet
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Oh sorry is the truth getting a bit "tiresome"?
What truth? That M & S were, effectively, bribed, and it may influence their behaviour or the message they wish to send to the public?
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Old 02-01-2017, 13:28
Slojo
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Just had our Waitrose shopping delivered and the prices are the same or lower than 2 weeks ago. It's pays to shop around
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Old 02-01-2017, 13:44
Mark_Jones9
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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.
Sainsbury's putting up the price of bread again. Maybe you should shop at Iceland.
http://www.dailymail.co.uk/news/arti...49p-extra.html

About 85% of the flour in bread for sale in the UK is from UK grown wheat. So any price rise from brexit triggered fall in the GBP should be minimal.

Meats switch to a supermarket that sources more from UK farming
Sainsbury's switch from UK lamb to New Zealand lamb in January each year.
Beef they source some from the Republic of Ireland.
Pork they source 100% from the UK but Bacon 60% not UK, Sausages 15% not UK, Ham 6% not UK.
Chicken they source 100% from the UK.
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Old 02-01-2017, 14:01
CSJB
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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.
I'm pretty confident that :

Theengineer is Anna Soubry
Aurichie is Nick Clegg
Thiswillbefun is Tim Farron
Trevgo is Bob Geldof
NetNut is Ken Clarke
Oleo Strut is Jean Claude Junker
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Old 02-01-2017, 14:12
Staunchy
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Project fear. M&S are liberal metropolitan elites who have no idea how real people live.
F-

It's about what some anonymous supplier to M&S reckons.
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Old 02-01-2017, 14:14
aurichie
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I didn't ask that, I asked you which specific meals had gone up.
The just cook range for one example chicken with olives, but they've all gone up 50p today.
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Old 02-01-2017, 14:27
MargMck
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The just cook range for one example chicken with olives, but they've all gone up 50p today.
People who care about this - even if they personally can afford an extra 50p on M&S ready meals - should not buy them. Market forces and all that.
The most sensible shopping you can do is buy 'freeze on day of purchase' via offers, and those items reduced because 'use by date' is approaching. This also cuts down on wastage - the amount of fresh food thrown away in GB is horrendous. This way you only buy or get out of the freezer what you are definitely going to consume within 24 hours and save money.
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Old 02-01-2017, 14:38
thenetworkbabe
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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".
Silly Sun. How could any company protect its customers from the result of listening to the Sun's lies. If imports cost more, things imported will cost more.
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Old 02-01-2017, 14:39
Doctor_Wibble
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The just cook range for one example chicken with olives, but they've all gone up 50p today.
edit: argh, said "Sainsbury's" not M&S

Just Cook, Chicken with sun-dried tomatoes and olives, serves 2 which TBH for a mere £4.00 sounds pretty good value to me...
http://sainsburys.co.uk/webapp/wcs/s...---olives-320g
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Old 02-01-2017, 14:55
aurichie
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edit: argh, said "Sainsbury's" not M&S

Just Cook, Chicken with sun-dried tomatoes and olives, serves 2 which TBH for a mere £4.00 sounds pretty good value to me...
http://sainsburys.co.uk/webapp/wcs/s...---olives-320g
Still doesn't change the fact it's gone up 50p because of the brexit disaster, as has all the products in the entire range
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Old 02-01-2017, 14:56
jmclaugh
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The supplier in question moaned at the time the promise was made - presumably because they knew that with the small margins in food retailing the only way not to put up prices was to squeeze the suppliers.
Not quite, there is something known as reducing your margin. But anyway if M&S are putting prices up now the supplier ought to be delighted but then again the whole article has a contrived feel about it, rather reminiscent of your threads.
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