Tescos PROVE that you can make a profit selling jeans for £4!!
13 April 2005, 12:23 AM
#1
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Tescos PROVE that you can make a profit selling jeans for £4!!
and T Shirts for £2!!
socks and undies for pennies!!
and then M&S wonder why an out-of-fashion pair of jeans isn't selling for £50!!
Go on TESCO .... let 'em have both barrels!!
I won't even say how many £1,000's their shares have made me, whooooopie!!
Pete
socks and undies for pennies!!
and then M&S wonder why an out-of-fashion pair of jeans isn't selling for £50!!
Go on TESCO .... let 'em have both barrels!!
I won't even say how many £1,000's their shares have made me, whooooopie!!
Pete
13 April 2005, 02:26 AM
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"Tescos PROVE that you can make a profit selling jeans for £4!!"
Nonsense. Haven't you heard of loss leaders? They're making profits, but not from £4 pairs of jeans.
Nonsense. Haven't you heard of loss leaders? They're making profits, but not from £4 pairs of jeans.
13 April 2005, 07:50 AM
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lol@thundertiger
Exactly Brit, they are using 'front-end' offers which are very attractive to get a customer, the real value to any business provided they do things right is to add value to a customer by selling on the 'back-end'
Gary
Exactly Brit, they are using 'front-end' offers which are very attractive to get a customer, the real value to any business provided they do things right is to add value to a customer by selling on the 'back-end'
Gary
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13 April 2005, 07:53 AM
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How ever they're doing it, you can't knock £2bn profits. A well-run company, straightforward trading policy, decent management, motivated staff. Other British companies would do well to take note.
13 April 2005, 07:55 AM
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They're almost certainly only able to sell jeans at £4 a pop if they're made by people halfway round the world who work 18 hour days for an annual wage less than most people in the uk earn in a day 
Whoopeedoo to your shares Pete.
Whoopeedoo to your shares Pete.
13 April 2005, 07:56 AM
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Originally Posted by GC8
Tesco shares are losing value; call your stockbroker
Yesterday they gained 3.5p, only 5p off the recent high. Over the past two years they've appreciated from about 185p to today's 320p. If that's a stock "losing value" according to your stockbroker, i'd sack them.
13 April 2005, 07:59 AM
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Originally Posted by Matt P
They're almost certainly only able to sell jeans at £4 a pop if they're made by people halfway round the world who work 18 hour days for an annual wage less than most people in the uk earn in a day
Whoopeedoo to your shares Pete.
Whoopeedoo to your shares Pete.
What evidence do you have that your assumption is correct?
I know what you're getting at ie criticising Champagne Socialist Lewis, but even Tesco's themselves have denied this is how they're so cheap. So what do you know that we aren't being told?
13 April 2005, 08:08 AM
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I don't have any particular evidence to Tesco, hence why I said "almost certainly", and if someone can show me otherwise I'll eat my words. And I would like to be wrong! But the fact remains that the majority of cheap clothing / household goods that we buy comes from companies that are more than happy to exploit people in a less fortunate position than ourselves.
But the fact remains that the majority of cheap clothing / household goods that we buy comes from companies that are more than happy to exploit people in a less fortunate position than ourselves.
13 April 2005, 08:09 AM
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Originally Posted by TelBoy
Yesterday they gained 3.5p, only 5p off the recent high. Over the past two years they've appreciated from about 185p to today's 320p. If that's a stock "losing value" according to your stockbroker, i'd sack them.
I'm the one laughing ..... nearly doubled my money ..... losing stock?
Let me be allowed to choose MORE of them Losing Stocks then!!
Pete
13 April 2005, 08:11 AM
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Originally Posted by Matt P
I don't have any particular evidence to Tesco, hence why I said "almost certainly", and if someone can show me otherwise I'll eat my words. And I would like to be wrong! But the fact remains that the majority of cheap clothing / household goods that we buy comes from companies that are more than happy to exploit people in a less fortunate position than ourselves.
But the fact remains that the majority of cheap clothing / household goods that we buy comes from companies that are more than happy to exploit people in a less fortunate position than ourselves.Agreed. But as i say, Tescos for one have denied that this is something they do. Not sure if i can find an official release, but they were grilled about it when they last flogged a loss-leading clothes line about 15 months ago.
13 April 2005, 08:14 AM
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Originally Posted by TelBoy
Champagne Socialist Lewis
Nowt wrong with me giving 40% to the less well off, nowt wrong with the 10% I give to the charities of my choice either.
I'm lucky, I'm intelligent and able to turn a £ into ££ ...... those who can't shouldn't slag off those who can.
If the country was run like Tesco we would be in excellent shape - but the sad losers on here without a brain cell wouldn't be carried by the rest of us - they would be sent to Scotland or somewhere
Look at Rover ..... are they great and doing a good job?? NO!! they are not giving what the customer wants ..... the customer wants cheap cars that go on forever!
Rovers are NOT cheap and have Balsa Wood Build Quality
Pete
13 April 2005, 08:18 AM
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Originally Posted by Matt P
They're almost certainly only able to sell jeans at £4 a pop if they're made by people halfway round the world who work 18 hour days for an annual wage less than most people in the uk earn in a day
Whoopeedoo to your shares Pete.
Whoopeedoo to your shares Pete.
The fact that Tesco can sell jeans for £4 and T Shirts for £2 merely shows how the Village Idiots on here get stitched up each time they buy some Fashion Item!!
Pete
13 April 2005, 08:19 AM
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Pete, i ain't arguing with your ethos, it's just that you're espousing manifestly capitalist endeavours whilst championing a supposedly socialist political party. And with the force that you try and ram it down people's throats, it's bound to **** one or two people off, but then you know that, don't you?
13 April 2005, 08:19 AM
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Originally Posted by TelBoy
How ever they're doing it, you can't knock £2bn profits. A well-run company, straightforward trading policy, decent management, Other British companies would do well to take note.
Pete
13 April 2005, 08:21 AM
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Originally Posted by pslewis
The fact that Tesco can sell jeans for £4 and T Shirts for £2 merely shows how the Village Idiots on here get stitched up each time they buy some Fashion Item!!
Pete
Pete
As a socialist, this should deeply concern you. If you were a socialist, that is...
13 April 2005, 08:22 AM
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Originally Posted by TelBoy
it's bound to **** one or two people off, but then you know that, don't you?
I can support the poor and old and kids whilst making a good living - I don't see what the issue is??????
I can make money, I see into the future, I can pick winners - Labour, Tesco, Middlesbrough FC .............. OK, OK, 2 out of 3 ain't bad!!
Pete
13 April 2005, 08:25 AM
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Originally Posted by TelBoy
whilst subsidising it from other areas of their business
You are showing yourself up as the Village Idiot ....... careful!! I 'thought' you were talking sense earlier, please tell me it wasn't a mistaken thought!
Pete
13 April 2005, 08:29 AM
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Originally Posted by pslewis
Could you please tell me the areas where Tesco are wildly overpriced then, to compensate for £4 jeans??
You are showing yourself up as the Village Idiot ....... careful!! I 'thought' you were talking sense earlier, please tell me it wasn't a mistaken thought!
Pete
You are showing yourself up as the Village Idiot ....... careful!! I 'thought' you were talking sense earlier, please tell me it wasn't a mistaken thought!
Pete
Easy tiger, you're doing your usual "flail when under pressure" trick. ANY business that makes 2 billion quid per year can afford to sell clothing at a loss to get a foothold in that particular market; it isn't rocket science. The point is, with the market share Tescos have now accumulated, they could probably do it in *any* area of the retail sector, which has to be worrying. They're treading a fine line between increasing profits whilst not attracting the attentions of the Monopolies Commission...
13 April 2005, 08:33 AM
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Originally Posted by TelBoy
Easy tiger, you're doing your usual "flail when under pressure" trick. ANY business that makes 2 billion quid per year can afford to sell clothing at a loss to get a foothold in that particular market; it isn't rocket science. The point is, with the market share Tescos have now accumulated, they could probably do it in *any* area of the retail sector, which has to be worrying. They're treading a fine line between increasing profits whilst not attracting the attentions of the Monopolies Commission...
You HAVE to admire a company that is able to put a finger up to Levi, source their own very decent jeans and show the Levi buyers as the mugs they are!!
Pete
13 April 2005, 08:35 AM
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Different story, Pete. Tescos weren't selling Levis at a loss. As i've said, they have smart management - pushing the boundaries without actually crossing them. I admire them for that.
