date:Jul 10, 2012
perience,said Wild.
City analyst Clive Black of Shore Capital said:Price alone does not explain shopping patterns. If it did Tesco would recover easily. And everyone would shop at Aldi and Asda; most people do not.
ING analyst Jan Meijer told FoodManufacture.co.uk that the supermarkets will have to cut prices to reflect reductions in commodity prices.
He said:I do think the average supermarket price level will have to come down now commodity prices have decreased in the past 12 months.