A Altered

Main Menu

  • Personal Finance
  • Saving
  • Bad Credit
  • Online Loans
  • Accounts

A Altered

Header Banner

A Altered

  • Personal Finance
  • Saving
  • Bad Credit
  • Online Loans
  • Accounts
Online Loans
Home›Online Loans›Amazon takes on Britain’s Tesco with price-matching scheme

Amazon takes on Britain’s Tesco with price-matching scheme

By Hector C. Kimble
July 18, 2022
0
0

LONDON (Reuters) – Amazon, seeking an edge amid a worsening cost-of-living crisis, will match British grocery market leader Tesco’s prices on hundreds of products, a- he announced on Monday.

Amazon Fresh’s new scheme, which delivers groceries to Amazon Prime members, will match its prices to Tesco Clubcard deals on everyday items, including meat and fish.

“We know our customers are looking for ways to save on their weekly groceries,” said Russell Jones, director of Amazon Fresh.

Faced with the toughest economic conditions in decades, UK food retailers are watching each other’s prices more than ever.

Tesco’s Clubcard price program has been popular with consumers. Holders of the group’s Loyalty Clubcard pay up to half as much as non-holders on some 3,000 products in store and online.

When Clubcard prices are factored in, Tesco increasingly emerges as the cheapest of the big four UK supermarkets in The Grocer’s widely followed weekly price survey.

Tesco and number 2 player Sainsbury’s are also matching product prices to German discounter Aldi.

Amazon does not release figures for its UK grocery sales, making it difficult to estimate its market share.

However, the Competition and Markets Authority ruled in February that Amazon must comply with the grocery sourcing code of practice.

The code only applies to retailers whose annual turnover exceeds 1 billion pounds ($1.2 billion) in grocery sales.

Tesco holds over 27% of the UK grocery market.

(Reporting by James Davey; Editing by Kirsten Donovan)

Copyright 2022 Thomson Reuters.

Related posts:

  1. Alaska senators must close ‘bogus lender’ loophole
  2. Texas shuts down fraudulent crypto traders
  3. Athol Daily News – Athol Credit Union’s New Partnership Brings Banking Innovation to Members
  4. What to watch out for when refinancing federal student loans

Recent Posts

  • Should you ever get a payday loan?
  • Terminating a real estate contract: instructions, risks, consequences
  • 4 types of bad loans to avoid
  • Unicorn Yubi: U Gro partners with Unicorn Yubi to share co-lending platform
  • PERSONAL FINANCES: Life insurance needs can change over time | Company

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Accounts
  • Bad Credit
  • Online Loans
  • Personal Finance
  • Saving
  • Terms and Conditions
  • Privacy Policy