bsmart’s Post

This comparison has shown that even a small price difference can influence customer loyalty and buying habits. The shift towards digital platforms not only benefits consumers but challenges businesses to continuously offer value and convenience. It’s crucial to understand these dynamics as businesses navigate the changing retail environment in South Africa.

Our monthly analysis comparing the prices of popular groceries at eight major supermarkets, now includes loyalty scheme prices. Ele Clark, Which? Retail Editor, said: 'As member-only pricing continues to grow, Which? believes the sector needs to be properly scrutinised and held to account so that all shoppers - including society’s most vulnerable - can benefit, and no one is misled into believing they’re getting a better deal than they really are. With food prices continuing to squeeze household budgets, it comes as no surprise that many people are choosing to shop with the discounters. Our analysis shows that Aldi and Lidl are still cheaper than the traditional supermarkets, even when you include loyalty pricing.' #CostOfLiving #ConsumerRights

Consumer group CHOICE has released its first quarterly, government-funded report on supermarket prices across Australia. The research reveals that ALDI has the cheapest groceries nationwide, with a comparable basket from the retailer about 25 per cent cheaper than at Coles or Woolworths. As part of the research, CHOICE sent mystery shoppers to 81 regional and metropolitan supermarkets across the country, including ALDI, Woolworths, and Coles, to record prices for 14 common grocery items. In addition to determining the retailer with the cheapest prices, the research also found where people live can make a difference when it comes to the cost of groceries. CHOICE https://lnkd.in/gBakiQZS

Recent data from Kantar shows that grocery premium own-label sales have increased by nearly 16% year-on-year, while value own-label products declined 10%, so as consumers have been trading up throughout the year, supermarket bosses are betting on a good Christmas #grocery #reatail #ecommerce #supplychain #globaleconomy #ukeconomy https://lnkd.in/eJxRDfeM

Despite aggressive discounting and loyalty scheme pricing by traditional supermarkets, new research suggests that discounter switching remains rife. The survey by Pricer found that 65% of consumers have switched some or all of their food shop to Aldi or Lidl, (more…) The post Supermarket Loyalty Pricing Not Halting Discounter Switching appeared first on KamCity.

Worldpanel by Kantar Irish grocery data for the 12 wks to 12/05/24 sees Dunnes Stores stay 1st with 23.7% market share. Tesco Ireland stay second on 23.0% and SuperValu are third with 20.4%. Lidl Ireland and Aldi Ireland follow in fourth and fifth place with 13.8% and 11.6% respectively. Its worth noting the movement in the two ‘packs’. Dunnes and Tesco are putting definite distance between them and SuperValu. Equally, Lidl are creating space between them and Aldi. Aldi are on 11.6% share, a number they first achieved in September 2017, since which they’ve opened 32 new stores. In the four weeks to 12/05/24, take-home grocery sales increased by 4.7% with inflation at +2.6% remaining a key driver. It’s good news that the rate of increase has moderated, but households are still not seeing any significant decrease on their shopping bills. A €100 trolley shop in 2021 would now cost €126.10 after three consecutive years of inflation layering on top of each other. That equates to an additional €1,357 per year compared to 2021. Not surprisingly, shoppers are seeking to mitigate this pressure by switching to lower price private label options. Overall, PL grew 5.7% compared to a market growing 4.7% and brands growing 4.0%. Within these numbers, premium private labels grew 12.6% but this included the Easter period where supermarkets dial up their premium ranges. We’ll see a more accurate picture in 7-8 weeks when Easter is out of the numbers. Nonetheless, premium private labels still represent a saving since our latest research across Europe shows that they are 18% cheaper than the equivalent brands. The real savings are available when switching to mid-tier PL which our research showed is priced 54% below the equivalent brand. The danger for brands is that shoppers try the mid-tier PL products, like them and never go back. And the opportunities for private label are only increasing across the market. Applegreen forecourt stores have been stocking a range of up to 400 Marks and Spencer Food private label products since last October. And since February we’ve seen The Maxol Group trialling nearly 200 Dunnes Simply Better products. Clearly, the forecourt world is planning for massive change as fossil fuels are phased out and sites pivot to electric car charging, food for now, groceries for later and click & collect hubs. This is just one example of how society is evolving, but it seems that whatever the future holds, there’s an increasing role for retailer own brands. 💡 If you thought this review was useful make sure to connect and follow #supermarketmalachy ✅ I help you achieve profitable growth through #strategy and #negotiationskills #training #fmcg #strategyconsulting #commercialskills International Private Label Consult (IPLC) #salestraining #privatelabel The Uspire Group #salestraining #supermarkets

While shopping the specials at both Woolworths and Coles can save you money, the question remains: what is the real price of our groceries? Both retailers offer alternating weekly specials, making it beneficial to compare and shop accordingly. In the competitive landscape of Australian supermarkets, IGA has struggled due to a top-heavy business model and the cost of supporting poor operators. However, some independent stores have managed to compete effectively with Woolworths and Coles by excelling in product sourcing—buying right to sell right. Aldi, on the other hand, operates with low overheads, a limited range, and no-frills service, which allows them to offer lower prices. Unlike Woolworths and Coles, which are driven by shareholder returns, Aldi’s profits go back overseas, impacting the local economy. In summary, while the major players each have their strategies, independent operators who focus on smart buying can still compete successfully in this challenging market.

A Choice survey on supermarket prices for a basket of key items had Aldi as cheapest grocer on this particular surveyed basket of goods. (see attached article) While the "validity/accuracy "of such a check can always be questioned, assuming this survey is accurate, the biggest issue is the position of the independents on this Choice survey. The Independents (IGA banner group) have a key role to play in our retail supermarket industry (for suppliers and shoppers). It's never been more critical for the independent operators to come together and align to improve their value offer. #Supermarkets #Choicepricesurvey #Aldicheapest #Independentchallenge #improvedpricingoffer #topdownreview

The evolving dynamics of consumer preferences in supermarkets emphasise the tension between price and service, with discount chains such as Aldi and Lidl leading the charge for affordability. Traditional supermarkets are adapting by diversifying and investing in technology, a segment of consumers still prioritise cost savings, while others seek premium service experiences. This ongoing debate necessitates continual adaptation to meet evolving consumer demands. #Retail #Supermarkets #ConsumerPreferences