Tag: Aldi

Target Slashes Prices, but It’s Profits That Will Be Cut | The Motley Fool

Target Slashes Prices, but It’s Profits That Will Be Cut | The Motley Fool

  Target (NYSE:TGT) has few options other than to engage in a broad price-cutting strategy. Long under pressure from Wal-Mart and Amazon.com to remain competitive, the mass-merchandising retailer has often responded with select promotional deals to keep customers coming back. And though chains such as Kroger, Supervalu, and even Costco felt the heat from deep-discounting […]

Study: Digital now influences more than half of grocery sales | Food Dive

Study: Digital now influences more than half of grocery sales | Food Dive

The payoff to capture digital consumers can be huge. Deloitte found that consumers who embrace digital options — whether e-coupons, on-demand local delivery or mobile checkout — convert 9% more often than those who don’t use digital in the lead-up to their purchase decision. Kroger is one leading grocer that consistently reports gains in new digital […]

Aldi battles Walmart for price leadership | SuperMarket News

Aldi battles Walmart for price leadership | SuperMarket News

Aldi is responding to Walmart’s aggressive price cuts by expanding its offering of private label products and adopting a more flexible pricing strategy that will help it maintain its price leadership position, according to a Reuters report. The German-owned retailer, which earlier this year unveiled a $1.6 billion remodeling effort to expand its perishables assortments […]

How Customers Perceive a Price Is as Important as the Price Itself | Harvard Business Review

How Customers Perceive a Price Is as Important as the Price Itself | Harvard Business Review

Price wars have broken out in consumer industries around the world. Retailers such as ALDI and Walmart have used price to position themselves against traditional competitors in their markets, pinching margins all around. Financial asset managers have been out-price-cutting one another in exchange-traded funds in a bid to gain market share. Major U.S. telecommunications carriers now […]

IRI: is the price guarantee mechanic dead? | Retail Times

IRI: is the price guarantee mechanic dead? | Retail Times

Since 1925 John Lewis has promised its customers it would ‘never knowingly be undersold’. The company’s price guarantee has boosted loyalty and trust in the brand, and the strategy has been copied by the supermarkets. Yet there is growing evidence that brand price matching has fallen out of favour with retailers and shoppers. For the […]

Aldi and Lidl to build at five times the pace of ‘big four’ | The Week UK

Aldi and Lidl to build at five times the pace of ‘big four’ | The Week UK

The two German discounters that have shaken up the UK supermarket sector are planning to step up their assault on the market share of the ‘big four’ with a major expansion drive. According to figures from Barbour ABI, reported by the Sunday Telegraph, Aldi has submitted 93 applications for planning permission for new sites this […]

Aldi reports 4% dip in annual profits despite ‘record’ sales | Daily Record

Aldi reports 4% dip in annual profits despite ‘record’ sales | Daily Record

German grocery chain said sales for the 2014 year rose 31& to £6.89bn though adding more staff and aggressive pricing served to push profits down 4% to £260.3m Discount retailer Aldi has reported a four per cent dip in profits despite sales surging to record levels. The German grocery chain said sales for the 2014 […]

First Aldi, now Grocery Outlet: Discount supermarket bringing ‘extreme’ value pricing to SoCal in December | The Orange County Register

First Aldi, now Grocery Outlet: Discount supermarket bringing ‘extreme’ value pricing to SoCal in December | The Orange County Register

“We do not have any exclusive agreements with suppliers. Our actions are driven by product availability and cost,” Porter said. Grocery Outlet stores are also known for wine markdowns on big-name vintners. Recently, they sold a Cline California Zinfandel from Sonoma County for $3.99, compared to its $14 list price. Grocery Outlet claims its shoppers […]

Pricing News Daily > 10/24/14

Pricing News Daily > 10/24/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Strategic Pricing Solutions Strategic Pricing Solutions, LLC (SPS) is a management consulting firm helping clients with pricing strategies, data analytics, and pricing […]

British Supermarket Woes Worsen As Price War Takes Its Toll | ESM Magazine

British Supermarket Woes Worsen As Price War Takes Its Toll | ESM Magazine

Palmer went on to say, “Spoilt for choice within the traditional supermarket model and against a backdrop of falling living standards and stagnating real-wage inflation, UK consumers are more aware than ever of the low prices available at Aldi and Lidl. The German discounters’ focus on simpler product ranges and successful own-label products means that, […]