Tesco locks down 1,000 prices in run up to Christmas and beyond

Tesco is locking more than a thousand prices, price cuts on 100s of products and Aldi price-match on hundreds more delivers great value for customers.

Tesco is locking the price of over a 1,000 everyday products until next year (2024) as part of its plan to deliver great value for customers.

With consumers still facing the cost-of-living squeeze, Tesco's unveiled a price lock on a range of popular products until the new year. It sits with recent price cuts to hundreds of products and Tesco price-matching Aldi on hundreds of other products.

Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh Freshmint Toothpaste.

Tesco UK CEO, Jason Tarry, said the latest round of Low Everyday Prices would help customers manage their household budgets as they go forward into the Christmas period.

He said: “We know this has been a year of careful budgeting for shoppers, with customers wanting to ensure they're getting great value on their shop.”

He added: “By locking over 1,000 prices, our customers know exactly how much they'll be paying for those items today, at Halloween, at Christmas, and into 2024.”

But locking over 1,000 prices is just one way in which Tesco's committing to deliver great value for Britain’s shoppers. The supermarket is also passing on savings to customers wherever it sees opportunities to do so, and is matching over 600 staple products to Aldi on a weekly basis.

Since announcing price cuts to 500 lines last June, Tesco's continued to reduce prices every week since, with hundreds more products now reduced in price. Some of the products to have recently seen their prices cut include Andrex Toilet Tissue (reduced 9%), Free From white bread rolls (reduced by 14%) and Pitted black olives (reduced 8%). 

Jason Tarry went on to say: “Food inflation is still with us, but by cutting prices wherever we can, and by locking others to give customers certainty in their budgets, we are able to provide great value to our shoppers. When you combine that with the over 8,000 Clubcard Prices deals each week, there are thousands of reasons to shop at Tesco.”

www.tesco.com

M&S Food investing in more price locks for customers

M&S Food is investing in the price of over 200 products as part of its promise to deliver trusted value to its 30 million loyal customers.

The investment will see M&S Food reduce the prices of over 70 family staples and extend its price lock on 150 customer favourites, while upholding its market leading quality and welfare standards at the same time.

M&S Food is cutting the price on some of its more popular cupboard staples to support its customers, especially those with families to buy food for, including products like M&S Select Farms DNA traceable Beef Mince, Avocados, Greek style yoghurt and Ciabatta rolls. 

The above are some of M&S’ more popular lines, with over 400,000 Avocado packs and 140,000 Greek Style Yogurt pots sold by M&S in the last four weeks alone.

At the same time M&S Food is extending its price lock on 150 products which will be in place right through to the autumn, and features a number of essentials that customers can rely on at M&S for great value right through the entire summer.

This includes M&S Select Farms RSPCA Assured outdoor-bred British Pork Sausages (pack of eight - £2.00), Super Sweet Corn on the Cob (pack of two - £1.40), Traditional Coleslaw (225g - £1.25) the price lock bestseller, British Mature Cheddar (10 Slices 250g - £2.80) and Select Farms Season's Gold Potatoes (1kg - £1.65).

The investment sits alongside the retailer’s Remarksable Value range of everyday staples, first launched back in 2019, which are continuously benchmarked against key competitors to guarantee best value for customers. The range continues to grow in appeal among M&S Food customers, with Remarksable sales up 40%, and in over 20% of customer baskets over the past year.

Alex Freudmann, who is the MD at M&S Food said: “We know value is everything to our customers right now, and while they’re looking forward to a great summer, they’re also looking for certainty on spending. Our latest price investment across 200 products upholds our trusted value promise and delivers on that certainty.

“Trusted value means offering the best possible quality at the best possible price. I’m proud we are the number one retailer for farm animal welfare, selling the biggest range of RSPCA Assured products, including our Scottish Smoked Salmon fillets and British Pork Sausages, alongside our DNA traceable Beef mince which has the ability to be traced back to the individual farm and the individual animal."

He went on to say: "We’re determined to keep up the pace for our customers. Our value perception is at its highest point in six years because we're relentlessly focused on price with no compromise to the magic of M&S Food, our market leading product quality, innovation and sourcing standards.”

In February of this year, M&S topped consumer group Which?’s annual supermarket satisfaction survey, achieving the highest overall customer score of 77% and receiving five star ratings for store appearance, customer service and quality of own label and fresh products.

Families prioritise healthy eating

While M&S’ latest Family Matters Index shows the focus on value for families has increased since the beginning of the year, healthy eating is also a growing priority with 30% of families looking to eat more healthily in the coming months.

As part of its investment M&S has dropped or locked the price on over 50 Eat Well products which meet key nutritional values and are given a health seal of approval to help customers feel confident in choosing a balanced diet, from M&S Select Farms Mangetout (260g – cut by 15% to £1.70) to Pineapple Chunks (150g – cut by 15% to £1.70). 

On top of M&S Food’s price investment, the retailer continues to run a number of other value initiatives. For example Sparks helps over 16 million signed up customers make the most of M&S with personalised offers and ‘Ways to Save” emails, while every week one customer in every store receives their shopping for free.

Marks and Spencer latest retailer to lock down prices

M&S Food is investing in the price of over 200 products as part of its promise to deliver trusted value to its 30 million customers.

The investment will see the store reduce the prices of over 70 family staples and extend its price lock on 150 customer favourites, whilst still upholding its market leading quality and welfare standards.

M&S Food is cutting the price on some of its more popular cupboard staples to support its customers, including products like M&S Select Farms DNA traceable Beef Mince, Avocados, Greek style yoghurt and Ciabatta rolls. These are some of M&S’ most popular lines, with in excess of 400,000 Avocado packs and 140,000 Greek Style Yogurt pots sold by M&S in the last four weeks alone.

Also M&S Food is extending its price lock on 150 products which will be in place right through to the autumn, and features a number of essential food items that customers can rely on at M&S for great value right through the summer months.

This includes M&S Select Farms RSPCA Assured outdoor-bred British Pork Sausages (pack of eight - £2.00), Super Sweet Corn on the Cob (pack of two - £1.40), Traditional Coleslaw (225g - £1.25) the price lock bestseller, British Mature Cheddar (10 Slices 250g - £2.80) and Select Farms Season's Gold Potatoes (1kg - £1.65).

This initiative is in tandem with the retailer’s Remarksable Value range of everyday staples, first launched back in 2019, which are continuously benchmarked against key competitors to guarantee the best value for its customers. The range continues to grow in appeal among M&S shoppers, with Remarksable sales up 40%, and in over 20% of customer baskets over the past year.

Alex Freudmann, who is the MD at M&S Food: opined: “We know value is everything to our customers especially at the moment and while they’re looking forward to a great summer, they’re also looking for certainty on spending. Our latest price investment across 200 products upholds our trusted value promise and delivers on that certainty.

“Trusted value means offering the best possible quality at the best possible price. I’m proud we're the number one retailer for farm animal welfare, selling the biggest range of RSPCA Assured products, including our Scottish Smoked Salmon fillets and British Pork Sausages, alongside our DNA traceable Beef mince, able to be traced back to the individual farm and animal."

He went on to say: "We’re determined to keep up the pace for our customers. Our value perception is at its highest point in six years because we relentlessly focus on price with no compromise to the magic of M&S Food, our market leading product quality, innovation and sourcing standards.”

In February this year, M&S topped consumer group Which?’s annual supermarket satisfaction survey, achieving the highest overall customer score of 77% and receiving five star ratings for store appearance, customer service and quality of own label and fresh products.

marksandspencer.com

Price cuts in Morrisons

In line with a number of other supermarket chains, Morrisons has announced cuts in the prices of nearly 50 food items, with an average price cut by over 25% 

As part of what it's dubbing "a rolling wave of price cuts to help with the cost of living", Morrisons has announced a new round of reductions, the sixth so far this year, which will apply to products in all its supermarkets and includes summer favourites, cupboard fillers and fresh essentials.

47 high-volume products have been cut in price by an average of over 25%, with the new prices being held for a minimum of eight weeks to help customers get more for their money.  Morrisons has invested £26 million in today's cuts to deliver market leading prices on key products and reinforce its commitment to saving customers money wherever possible. 

The price cuts include fresh items such as mince, tomatoes and butter, cupboard staples such as squash and cereal and picnic classics like pitta breads and scotch eggs.

Last month, Morrisons reduced or held the price of a further 1,000 products which will remain locked low until mid July. Offers have also been applied to fuel in recent weeks with customers being able to get 5p off every litre after spending £35 in store or online. 

As well as cutting the prices on products, Morrisons recently relaunched its More Card loyalty programme to allow customers to collect points on fuel and selected products in store which can be converted into ‘Morrisons Fivers’ and spent in store or online.  Morrisons programme of market-leading exclusive offers, which launched last October for loyalty card members, also remains a key feature of the new scheme.  

Rachel Eyre, who is the Chief Customer and Marketing Officer at Morrisons, said: “Providing great quality products at affordable prices for our customers is a key priority at Morrisons. Our steady flow of deep and broad price cutting programmes, together with our new More Card loyalty scheme, are helping customers save money on their weekly shop. Today’s price cuts include picnic items to help our customers make the most of the warm weather and we’ve not forgotten the fridge and cupboard essentials either.”

www.morrisons.com

Asda announces Price Freeze

Asda has announced it's taken the step to freeze the prices of over 500 branded and own-branded products to give customers greater control over what they spend weekly.

The price lock, which will run until the end of August, includes cupboard essentials like cereals, pasta and tea, as well as summer favourites such as salads, burgers and ice cream.

The move comes following the latest figures from Asda’s Income Tracker, which reveal that household disposable incomes continue to fall on a month-by-month basis.

Asda continues to support families during the cost-of-living crisis by keeping prices checked and launching new ways to provide customers with more value every time they shop.

Asda's also offering a limited time trial which gives customers the chance to trial the retailer’s pocket-friendly delivery pass service, removing the delivery charge on online orders.

To access the trial, which is available from today, 13th June to 10th July, all customers need to do is sign up to one of Asda’s delivery pass services.

As an extra boost to customer's budgets, Asda Rewards continues to help customers earn pounds, not points, every time they shop in store or online. Over five million customers now use the app on a monthly basis and they've been growing their cashpots to help reduce their grocery bills, earning over £100m in total so far this year.

Kris Comerford, Asda’s Chief Commercial Officer, said: “At Asda, we’re always looking at ways we can support our customers and communities throughout the year, which is why we’re locking the prices of hundreds of products until the end of August.

“We're well aware that household budgets are tight at the moment, so we want to be able to offer the best value and give customers the confidence they can shop the products they love throughout summer.”

The price lock will be in effect until 31st August in store and online, and products include:

Asda 8 Beef Burgers (454g) £3.00  

Asda Loaded Cookie Dough Ice Cream (480ml) £2.30 

Asda Mild Tender Baby Spinach (180g) £1.00  

Asda Strong Baby Leaf & Herb Salad (75g) £1.00 

Asda Shredded Iceberg Lettuce (130g) £0.50 

Asda Watercress (85g) £1.00 

Asda Fusilli (1kg) £1.65 

Kellogg’s Cornflakes (500g) £2.25 

Warburtons Toastie Thick Sliced White Bread (800g) £1.40  

PG Tips Original Tea 40s (40pk) £1.60 

Asda Stonebaked Double Pepperoni Pizza (329g) £1.65   

Asda 8 Beef Burgers (454g) £3.00   

Asda 2 Garlic Baguettes (340g) £1.00  

Asda 4 Strawberry & Vanilla Ice Cream Cones (440ml) £1.45 

Asda Salted Butter (250g) £1.89  

Asda Unsalted Butter (250g) £1.89 

Asda Orange Juice Smooth Carton (1L) £1.15 

Nestle Shreddies The Original (390g) £2.00 

Oxo Beef Stock Cubes (24x6g) £3.10 

Asda French Fries (1.5kg) £2.45 

Ben's Original Long Grain Microwave Rice (220g) £1.00

www.asda.com