Morrisons cut prices again, because they're desperate to be noticed
Chief executive Dalton Philips (with a name like that, you'd hope he's played by Timothy Dalton) has been feeling the strain over the group's performance, and has said that this cheapening of everything is solely to help people reduce their shopping bills.
"These are permanent price cuts, not promotions, and they won't be the last," he said from his secret volcano HQ.
The supermarket has promised to reduce prices to the total of £1bn over the 3 years. In a bid to save money, they're going to sack 2,600 staff too, which isn't very nice.
So what are Morrisons selling us more cheaply? Well, a 400g tin of Don Mario tomatoes is now going to cost 69p while you can get a 'giant' pineapple for £1.25. Sounds like the beginnings of a particularly unpopular pizza right there.
However, Morrisons has an image problem and people just don't seem to want to shop at their stores. Does some cheap pineapples really make you want to start giving them brand loyalty (which is a dying thing anyway) over the place you're already doing you weekly shop?
Doesn't seem likely. Maybe they should try offering something that the other supermarkets don't, rather than simply shouting "WE'RE DEAD CHEAP WE ARE!"
TOPICS: High Street News