https://www.bbc.co.uk/news/business-66705503

<quotes>

MPs have questioned Asda over whether issues over its finances are stopping it doing more to tackle soaring prices.

It followed investigations by the UK's competition watchdog into concerns that grocers including Asda were not passing on falling wholesale food and fuel prices to consumers.

</quotes>

I wish they'd ask Sainsbury's how products can cost twice as much if you don't have a Nectar Card then if you do.

It's price gouging pure and simple.

Supermarkets night not be in a cartel as such, but they are all in on the act, and the government is letting them get away with it, allowing them to rip consumers off, and profit hugely from their greed.

That's how capitalism works, is meant to work.

Socialism is evil.

On Mon, 04 Sep 2023 15:27:43 +0100, The Happy Hippy wrote:

> https://www.bbc.co.uk/news/business-66705503
>
> <quotes>
>
> MPs have questioned Asda over whether issues over its finances are
> stopping it doing more to tackle soaring prices.
>
> It followed investigations by the UK's competition watchdog into
> concerns that grocers including Asda were not passing on falling
> wholesale food and fuel prices to consumers.
>
> </quotes>
>
> I wish they'd ask Sainsbury's how products can cost twice as much if you
> don't have a Nectar Card then if you do.
>
> It's price gouging pure and simple.
>
> Supermarkets night not be in a cartel as such, but they are all in on
> the act, and the government is letting them get away with it, allowing
> them to rip consumers off, and profit hugely from their greed.
>
> That's how capitalism works, is meant to work.
>
> Socialism is evil.

There's meant to be competition too. If there really was any competition
as soon as there was a wholesale price reduction shops would want to cut
prices before everyone else did.

The Nectar card thing is to change people's buying habits. The name
implies offering the drones out there a small reward to get them to do
something you want them to do.

On Mon, 04 Sep 2023 22:42:35 GMT
TWP <ngspammersad@yahoo.com> wrote:

> On Mon, 04 Sep 2023 15:27:43 +0100, The Happy Hippy wrote:
>
> > https://www.bbc.co.uk/news/business-66705503
> >
> > <quotes>
> >
> > MPs have questioned Asda over whether issues over its finances are
> > stopping it doing more to tackle soaring prices.
> >
> > It followed investigations by the UK's competition watchdog into
> > concerns that grocers including Asda were not passing on falling
> > wholesale food and fuel prices to consumers.
> >
> > </quotes>
> >
> > I wish they'd ask Sainsbury's how products can cost twice as much
> > if you don't have a Nectar Card then if you do.
> >
> > It's price gouging pure and simple.
> >
> > Supermarkets night not be in a cartel as such, but they are all in
> > on the act, and the government is letting them get away with it,
> > allowing them to rip consumers off, and profit hugely from their
> > greed.
> >
> > That's how capitalism works, is meant to work.
> >
> > Socialism is evil.
>
> There's meant to be competition too. If there really was any
> competition as soon as there was a wholesale price reduction shops
> would want to cut prices before everyone else did.
>
> The Nectar card thing is to change people's buying habits. The name
> implies offering the drones out there a small reward to get them to
> do something you want them to do.

I don't believe it is. It was previously a data grab, a tool to acquire email and home addresses of shoppers and track their shopping habits, using the ploy of offering Nectar Points.

These days it's used as a means to let Sainsbury's pretend they are offering lowest prices when that's only if the shopper is willing to have a Nectar Card. Tescos started that and Sainsbury's followed suit.

Those 'twice the price without a card as with' are for real -

https://www.sainsburys.co.uk/gol-ui/product/birds-eye-omega-3-fish-fingers-x10-280g

https://www.sainsburys.co.uk/gol-ui/product/goodfellas-stonebaked-thin-margherita-pizza-345g

https://www.sainsburys.co.uk/gol-ui/product/mini-cheddars-12x25g

https://www.sainsburys.co.uk/gol-ui/Product/foxs-milk-chocolate-chunk-cookie-175g

https://www.tesco.com/groceries/en-GB/products/288610223

https://www.tesco.com/groceries/en-GB/products/297520022

And many more, others with 90% mark-up etc.

That they are not selling anything without still making a profit shows just how much profit they are making at non Nectar Card prices.

People are coerced into having one, because you have to be pretty stupid to not have one, be willing to pay twice the price for not having one. But I don't see it as steering buying habits because encouraging people to buy stuff with the lowest profit for Sainsbury's is a fanciful idea.

They have basically hiked their profits from 50% to 200%. They are hooping people will shop there to get the cheaper stuff and still buy the expensive stuff. No need for imaging some kind of 'mind control' conspiracy theory. It's simply greed and profiteering.

They also move the Nectar Card 'discount' around on a whim so it can't be steering.