Related Credit Card Article

"How much could you save at discount supermarkets?"

By admin | October 17th, 2008 | General

Over recent months there has been a change in the trend of shoppers in the UK. Many households have been faced with a surge in the cost of bills, borrowing costs, and other living costs. One of the living costs that has gone up hugely over the past year is the price of food, and the average household has seen the weekly or monthly grocery bill go up by a huge amount, which has simply added to the financial strain that most households are already facing.

As a result of the huge increase in food costs many people have turned to discount supermarkets in order to cut back on the cost of their food shopping, and this has been reflected in an increase in sales at stores such as Aldi, Netto, and Lidl. Many consumers have ditched the big name stores such as Tesco, Sainsbury’s, and Asda because of the rising cost of food and household goods.

Furthermore, a recent report claims that those that switch to a discount supermarket such as those named above could actually save around 20% on their shopping bills, which in he current financial climate could prove extremely useful to most households. Research was carried out by the consumer campaign group, Which?, and officials from the group claimed that there was a significant difference at the checkout when shopping at one of the discount stores compared to one of the traditional supermarket giants.

Using a list of fifteen items researchers compared the costs. It was found that the fifteen items at Tesco cost 21% more than at one of the discount supermarkets, Lidl. At Aldi the price was lower than Tesco by around 18%. More and more people are turning to the discount stores in order to cut the cost of their weekly or monthly shop, and this is making the bigger name supermarkets nervous with regards to how to hang on to their client base.

In fact many of the major supermarket giants have been taking action to try and increase custom and win back customers from the discount stores. Many have reduced the cost of thousands of items, launched greater discount products, and relaunched own branded items in order to help consumers to cut their grocery bills and come back to the bigger name stores. However, the discount supermarkets have also been fighting to keep a hold of the new found custom through increased advertising and improvement in their ranges of products.

One official from Which? stated: ‘Which? members have already become wise to the concept and rated Lidl and Aldi higher in this year’s retail survey. You weren’t impressed by the shopping experience or service, but you were happy with the prices.’

Which? officials added: ‘Tesco was cheapest for two of the 15 items we bought – milk-chocolate digestives and mature cheddar. Aldi came out cheapest on five items and Lidl on three, while all three stores matched prices for bananas at 67p and salted butter at 85p.’

Which? also said: ‘We didn’t attempt to compare the quality of the ingredients but when it comes to the contents of the cheapest food, the discount stores did just as well and sometimes better than Tesco.’

Tags: netto, aldi, supermarkets, which?

Related Articles:

• Royal wedding will have left many with debt

  The Royal Wedding that took place recently between Prince William and Kate Middleton caused a lot of interest and excitement for many people across the UK, and the fact that most people were given the day off work for the wedding meant that they had even more of an opportunity to celebrate. The wedding day was...

• What You Should Know About Store Credit Cards

  It is likely that you have been in a store shopping when you were offered a store credit card. These offers are usually made by the cashier as you pay for your merchandise, and they may offer you a discount on your purchases if you choose to sign up. While the discount may sound like...

• Consumers need to be more careful with credit card spending this year

  With Christmas fast approaching there will be many people who are looking to get started with their Christmas purchases, such as gifts, clothes and other items that they need to buy for the festive season. However, a huge number of us do not have any savings put aside to purchase the things we need and...

• How retailer traps can end up costing you more at Christmas

  When it comes to Christmas we all prepare ourselves for having to spend more money, as this is traditionally very expensive time of year where people tend to splash out on gifts, extra food, drink, entertainment, socialising, and new clothes amongst other things. However, this year is slightly different in light of the financial problems...

• Many have to rely on credit cards to make ends meet

  There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items or holidays and then spread the repayments, or simply to use in emergencies or take on holiday for the sake of convenience. However, over recent years all this has changes and many of those with...

Other Recent Articles

Use of credit cards declines whilst payday loans increase

It seems that many consumers may have switching from spending on credit card that can sometimes come with high rates...

By Reno | February 10, 2012 | Read More

Useful Tips for Credit Card Holders

Modern technology offers comfort and convenience that is often helpful for people in a fast paced everyday living. With just...

By admin | February 7, 2012 | Read More

Credit card decision by Lloyds could have serious effect on charities

For many years now, a range of leading and well known charities have been able to boost the levels of...

By Reno | January 28, 2012 | Read More

Many have to rely on credit cards to make ends meet

There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items...

By Reno | January 26, 2012 | Read More

Brits increasingly dissatisfied with credit card providers

According to recent reports, Brits are becoming increasingly dissatisfied with their credit card providers, particularly in the case of the...

By Reno | January 20, 2012 | Read More