Leeds reflects on supermarket profits and prices

National World - LocalTV

Tesco profits soared by 160% to £2.3bn in April, with the supermarket giant saying price pressures have eased. How do you feel about price rises at the supermarkets in light of this?

Transcript

00:00These little small things that everybody likes, you can't even have the small wins anymore.

00:04So like, for your necessities, or for the little treats, you can't really afford anything.

00:08Even the cheap options are getting too expensive now.

00:10And the fact that these companies are having record profits, but still increasing their

00:15prices doesn't make any sense because it's clearly a baseless increase. It makes no sense.

00:19If the company is making substantial profit, that means that they need to,

00:24they have a larger, they have captured a huge market. So that means that they can, in order to

00:30strengthen their rigor, I mean, their grip in the market, they need to

00:35lower down their prices a bit to beat the other competitors.

00:39Last time I visited Tesco, so they changed their prices a little bit higher

00:45from according to the past year or past few months. So I think it's not that much,

00:50because, you know, the minimum wage is also higher.

00:53You know, it's indirectly affecting the local people, you know, who have low income wage.

Category

Transcript

Be the first to comment

Recommended