This is Money show with Share Radio - episode 1, part 2
This is Money Podcast
This is Money
4.4 • 735 Ratings
🗓️ 7 November 2014
⏱️ 21 minutes
🧾️ Download transcript
Summary
PART 2: This is Money joins Share Radio’s Georgie Frost to discuss the week’s big money stories and tips. With Simon Lambert, Richard Browning, Amy Andrew and Rachel Rickard Straus #money #business #moneysavingtips #scams #banks
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | So Simon, tell us a little bit more about this. Food inflation at its lowest level and the supermarkets that seem to be struggling. What's going on here? |
| 0:07.6 | These two things are directly linked. The supermarkets are having a really, really tough time of it at the moment. |
| 0:13.3 | Now, some of this is down to us changing the way that we're shopping. So rather than heading to those big out-of-town stores, we're shopping more at small convenience stores, |
| 0:21.9 | and that means that we're picking up stuff when we need it, and so we're picking up less. |
| 0:26.0 | There's also a move to online, which removes the opportunity for us to be wandering around a high market, |
| 0:32.2 | just randomly picking up stuff that we don't need. |
| 0:34.8 | And there's also the rise of the discouners, Alde and Liddle. Their |
| 0:39.2 | market share is still relatively small when you compare it to the supermarket giants, but their |
| 0:44.1 | market share is growing, whereas the supermarket giant's market share is falling. And all of this |
| 0:49.1 | has driven an awful lot of competition in the supermarket sector, as those supermarkets seek to compete with each other |
| 0:55.3 | and they seek to compete with the discounters. And that's pushing down food prices. |
| 1:00.0 | What do your readers tell you about their changing shopping habits? |
| 1:04.1 | Well, what's interesting about this is I think that what our readers tend to tell us |
| 1:08.1 | is that they think the supermarkets have been taking them for granted. |
| 1:12.0 | So a lot of people are saying that they are more than happy to shop elsewhere, or they're more than |
| 1:19.0 | happy to shop at the discounters, they're happy to head to the market, to the butchers, to the green grocers, |
| 1:24.7 | because they don't think that the supermarkets have been paying too much |
| 1:27.9 | attention to what they want. The supermarkets have been doing a lot of competition on price and not |
| 1:34.2 | a lot of competition on quality. And when they have been competing on price, you've got all of |
| 1:38.2 | those baffling offers. The buy one get one free. The buy two get three. And it is very difficult to actually compare |
| 1:45.8 | those prices and you end up in order to get the good offer, having to buy more of something |
| 1:50.2 | that you want, and then you chuck it in your fridge and you throw it away because it's gone |
... |
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