Blog: Waitrose launches fresh promo push
Dean Best | 26 July 2012
Waitrose, the upmarket UK retailer, has made another bid to attract consumers or get shoppers to visit its stores more often, another sign of the promotional frenzy in the country.
The company has sent a discount card offering "new and potential shoppers" 10% off every time they visit a Waitrose outlet over the next four weeks.
Waitrose, which has signalled plans to be more competitive on price, said it used a similar initiative last autumn and had a "very good response".
"In this tough economic climate value for money is, of course, very important to everyone. So we believe this discount card will encourage people who don't currently shop with us, or shop with us infrequently, to experience our value, quality and service," a spokesperson said.
In March, when Waitrose announced its results for 2011 (sales up but operating profit down) Mark Price said the retailer would be flexing its muscles on price.
Two months later, it said it would extend its Brand Price Match scheme and match Tesco's prices on 7,000 brands, up from 1,000.
The spokesperson said the discount card was "part of our commitment to offer shoppers excellent value for money".
"We launched essential Waitrose in 2009 - entry-level price products with no compromise on quality. We started our Brand Price Match in autumn last year, a long-term commitment to match Tesco prices on 1,000 everyday branded goods that our customers buy most frequently and we extended this in May to match the prices in a representative large Tesco supermarket. And we have a wide range of great value promotions in our shops every week."
Competition, however, is hot.
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- PepsiCo sets 2025 nutrition, sustainability goals
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- CP Foods invests in UK foodservice firm Foodfellas
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review