Tag: Confusopoly

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

Blue Yonder’s algorithm breaks down decisions to the finest grain possible, the Professor says, so that supermarkets can cut waste while also ensuring they don’t run out of stock. However, there is always a trade-off between the two and ultimately the supermarket makes the final decision. Blue Yonder can also change the prices of items […]

Supermarkets move to drop offers after claims they make us overspend | BT

Supermarkets move to drop offers after claims they make us overspend | BT

Major supermarkets have moved to end multi-buy and buy one get one free (or Bogof) deals after a new study claimed they are causing shoppers to overspend by a huge £1,274 a yar. The Money Advice Service (MAS) found more than three quarters of shoppers (76%) are parting with around £11.14 extra per shop. Confusing […]

UK supermarkets criticised over misleading pricing tactics | The Guardian

UK supermarkets criticised over misleading pricing tactics | The Guardian

The competition regulator has criticised the UK’s leading supermarkets over their pricing, after a three-month inquiry uncovered evidence of “poor practice that could confuse or mislead shoppers”. The Competition and Markets Authority stopped short of a full-blown market investigation but has announced a series of recommendations to bring more clarity to pricing and promotions to […]

Confusopoly – the art of baffling your customers on price | BBC News

Confusopoly – the art of baffling your customers on price | BBC News

“Confusopoly: a group of companies with similar products who intentionally confuse customers instead of competing on price.” In the past, the energy and mobile phone sectors have been attacked for bamboozling consumers with impenetrable tariffs and deliberately opaque special offers. A study by the CentreForum last month said that there was little switching between energy […]