Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


British supermarket Waitrose cuts prices on 200 products

LONDON (Reuters) – British supermarket group Waitrose said on Monday it had reduced the price of more than 200 products as part of a 100 million pound ($126 million) plan announced earlier this year in the fight to retain customers struggling with high inflation.

Food prices are up more than 19% over the last year, outpacing the broader inflation rate and adding strain to household budgets being stretched by high energy bills and other price increases.

Waitrose, part of the employee-owned John Lewis Partnership, said products on which it had lowered prices included butter, tomato ketchup and golden caster sugar, as well as salads and ice cream, with half of the products now at least 10% cheaper.

We’ll still react to any drops in food inflation and pass on savings to our customers as soon as the prices we pay begin to fall,” said Charlotte Di Cello, Waitrose’s commercial director.

Monthly industry data has consistently shown Waitrose losing market share and underperforming rivals including industry leader Tesco and No. 2 Sainsbury’s, as well as German-owned discounters Aldi and Lidl.

Weekly pricing data from industry publication The Grocer also regularly shows Waitrose to be the most expensive of Britain’s major grocers for a basket of goods.

In February, Waitrose cut prices on more than 300 own-brand products and said on Monday that had already helped it attract new customers.

Others have cut some prices, with Tesco last month reducing the price of its own-brand pasta, vegetable and sunflower oil, and Sainsbury’s lowering the price of bread and butter.

($1 = 0.7956 pounds)


(Reporting by Kylie MacLellan; editing by Jason Neely)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts