Tesco goes into administration

**DaveB** · 12 January 2009, 14:58

More likely to be Waitrose I think.

**NetwkSupport** · 12 January 2009, 15:00

or Lidl, have you seen the s#### they sell in there, even if i was totally skint i'd rather starve than eat sausages with 8% pork content!!!

**DaveB** · 12 January 2009, 15:04

Originally posted by NetwkSupport View Post

or Lidl, have you seen the s#### they sell in there, even if i was totally skint i'd rather starve than eat sausages with 8% pork content!!!

The down market stores are the ones who will thrive in the current climate. Case in point, Poundland just announced a 3.5% increase in like for like profits and 25% increase in turnover.

Lidl, Netto, Aldi, Iceland etc. will all continue to do comparatively well. More people are going to end up in their spending demographic than the up market stores.

**DimPrawn** · 12 January 2009, 15:07

Poundland faces stiff opposition from the 99p shop.

Oh what a great place Britain has become!

India planning a moon mission and Britain planning more 99p shops.

**threaded** · 12 January 2009, 15:08

Originally posted by DimPrawn View Post

Actually, it'll be soon after the Conservatives get back into power.

Remember you read it here first.

**Mich the Tester** · 12 January 2009, 15:09

Originally posted by DaveB View Post

The down market stores are the ones who will thrive in the current climate. Case in point, Poundland just announced a 3.5% increase in like for like profits and 25% increase in turnover.

Poundland are vulnerable to competition from 99pLand;

99p

One customer said '"The more you buy for 99p, the more pennies you save. I have just bought six items, so I've saved 6p."

How desperate is he?

What happens when someone opens a 98p shop?

**DimPrawn** · 12 January 2009, 15:09

Originally posted by threaded View Post

Actually, it'll be soon after the Conservatives get back into power.

Remember you read it here first.

NO way! You mean the year 2754!!!?!

**gingerjedi** · 12 January 2009, 15:11

I have a mate who works at Aldi and he’s never been busier.

**threaded** · 12 January 2009, 15:12

Originally posted by Mich the Tester View Post

Poundland are vulnerable to competition from 99pLand;

99p

One customer said '"The more you buy for 99p, the more pennies you save. I have just bought six items, so I've saved 6p."

How desperate is he?

What happens when someone opens a 98p shop?

Actually, like for like, a 98p shop is less profitable than a 99p shop as 2p change costs more than 1p or 5p from the bank. Now a 95p shop is a goer, which is why the menus in my fish and chip shops aim to X.95p

Tesco goes into administration