Bradford, England, 2015-6-9 — /EPR Retail News/ — This week Morrisons will cut the prices of another 200 everyday items – such as bread, milk and butter – by up to a third as the supermarket continues to reset its prices downwards.
These are the first price cuts instructed by David Potts, Chief Executive of Morrisons. The grocer has led the industry in cutting prices since 2014, making 1,665 cuts of an average of 16%.
The latest IGD data shows price is the most significant motivator behind supermarket choice, with 83% of people claiming it to be ‘important’[i].
This week, Kantar WorldPanel reported that Morrisons had returned to growth for the first time since December 2013 and was the only one of the big four retailers to see increased sales in the latest sales period[ii].
Morrisons cuts will be on branded and own brand everyday basket essentials including:
|Item||Old price||New price||Saving %|
|Morrisons semi skimmed British milk, 4 pints||£1.00||£0.89||11%|
|Morrisons free range eggs, medium, 12 pack||£1.89||£1.69||11%|
|Morrisons British butter, 250G||£0.95||£0.88||7%|
|Morrisons Savers tuna chunks, 170g||£0.79||£0.57||28%|
|Morrisons Savers orange juice, 3x200ml||£0.45||£0.40||11%|
|Tate & Lyle Fairtrade granulated sugar, 1kg||£0.69||£0.52||25%|
|Shredded Wheat, 30 pack||£2.40||£2.19||9%|
|Hovis Original Wheatgerm, 400g||£0.75||£0.59||21%|
|Tampax Regular, 20 pack||£1.75||£1.29||26%|
|Heinz Mums Own Spaghetti Bolognese, 200g||£0.79||£0.55||30%|
In store, Morrisons will also simplify promotions by grouping together products at the same price point or promotional offer. In addition, new clearer point of sale materials will make it easier for customers to shop for the best value.
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