by chris c Wed Dec 02 2015, 18:18
Tescos bought up some patches of land around town and threatened to leave them undeveloped unless the council authorised their store right next to the Co-Op. The council remained uncowed. Tescos built in a nearby town instead, right opposite their Waitrose. They are prepared to lose money undercutting other shops until they put them out of business, then they jack their prices right up. Typical capitalists of the worst kind. Buy cheap, sell expensive and pay peanuts to their employees. One reason Waitrose is more expensive is that their staff are basically shareholders, see John Lewis Partnership for details. Sainsburies and Morrisons are in between on the ethics front.
When I was young we had Home And Colonial, later International, and elsewhere Liptons, and Gateway in the West Country. Fine Fare were the pile'em'up and sell'em cheap merchants of the day, a spot now taken by Lidl and Aldi.
The first Superstore I remember was French, can't remember their name now, later followed by ASDA - Associated Dairies. Tescos were late to the party but determined to "win" at all costs, looks like it's costing THEM now!