In the News - Supermarkets
Supermarkets "duping" customers
Mark Price the Managing Director of Waitrose has hit out at his larger rivals for "duping" customers in multi-million pound price cutting campaigns funded by pushing up the price of other products.
Mr Price is concerned that these price-cutting campaigns are destroying the concept of real value for money. “Value does not mean cheap,” he said. “Value is a combination of quality and price.”
His comments come just a few day after Sainsbury's and Asda were fined for fixing the price of milk as reported In the News on 7 December.
(Sources: The Times )
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- Waitrose (3.77
) - Sainsbury's Supermarkets (1.99
) - ASDA Stores (-0.16)
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10-Dec-2007 10:19:11
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