Our local supermarket opened last week after a metre of river sludge inundated it in the January 2011 floods. Whats interesting are these discount vouchers both majors are dropping in our letter box.
Its great for you local community, and I'm sure cashflow at all these chain stores in the inner south are up. But I'm sure profitability isn't.
But what may be good for us, is not for the independent grocers who are hearing crickets instead of cash registers. This is the third week now that a 10% discount has been offered. And I'm sure this phenomenon isn't a common occurrence, anywhere in supermarket retail.
But we Australians have become accustomed to teaser discounts namely in store brand Milk and Bread. We are not paying the true costs associated with these staples. Lets hope that it does not mean the slow destruction of these industries, before we realize a long-run discounts do have an underling cost.
Its great for you local community, and I'm sure cashflow at all these chain stores in the inner south are up. But I'm sure profitability isn't.
But what may be good for us, is not for the independent grocers who are hearing crickets instead of cash registers. This is the third week now that a 10% discount has been offered. And I'm sure this phenomenon isn't a common occurrence, anywhere in supermarket retail.
But we Australians have become accustomed to teaser discounts namely in store brand Milk and Bread. We are not paying the true costs associated with these staples. Lets hope that it does not mean the slow destruction of these industries, before we realize a long-run discounts do have an underling cost.
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| Get em while their hot! |
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