Morrisons and Tescos

Tescos: More surprising has been the way Waitrose and M S stores have managed to survive and prosper as the preferred choice of those sections of the bourgeoisie that have managed to maintain their standard of living.In any case, in the squeezed middle of the trade, Tescos problems are probably not as deep-seated as those of Morrisons. And J Sainsbury, back from the brink, is hardly a darling of the stock market or of consumers, according to The Independent. If he were to do that, then we may well witness what can only be described as the supermarket price war to end all supermarket price wars. Short term, that will boost the purchasing power of household budgets; longer term the consequences may not be so positive and Galling indeed, and yet not all of Tescos problems can reasonably be attributed to poor leadership. For example, it was inevitable that the discount retailers Aldi and Lidl would find a special appeal during the longest squeeze on household income in living memory. The main interest in Tesco naturally lies in what happens next, and in particular whether Mr Clarkes successor, Dave Lewis, chooses to take the discounters on at their own game, and follows Morrisons in declaring war on them. (news.financializer.com). As reported in the news.