‘it is madness’: inflation warning as supermarkets face discounts cap
‘it is madness’: inflation warning as supermarkets face discounts cap"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
FRENCH SUPERMARKETS ARE SET TO BE RESTRICTED BY HOW MUCH THEY CAN REDUCE THE PRICES OF HYGIENE PRODUCTS SUCH AS NAPPIES, SHAMPOO AND SHOWER GEL Supermarkets in France are set to be
restricted over how much they can discount hygiene products such as nappies, shampoo and shower gel amongst others. A small cross-party commission of French senators and MPs agreed on an
experimental measure that would stop stores from offering more than 34% off. A majority of MPs and senators are expected to approve the bill next week. Critics say the 34% discount limit,
WHICH ALREADY APPLIES TO FOOD ITEMS, was “madness” at a time when households are struggling with rising inflation. READ MORE: SENATORS BACK ENDING 2-FOR-1 DEAL ON TOILETRIES IN FRENCH
SUPERMARKETS But the COMMISSION took a different view, arguing that “shock promotions” of more than 34% “destroy value for hundreds of small and medium businesses”, are “almost entirely paid
for by producers”, and lead them to receive “extremely low” returns or even “produce at a loss”. The group defended suppliers and said that they were aiming to address the “power imbalance
in commercial negotiations”. The move would also “enable us to ensure fair pay for farmers [and suppliers], and fill in economically-unstable legal loopholes for businesses”. READ ALSO:
FRENCH SUPERMARKETS BEGIN DRIVE TO KEEP PRICES DOWN ON SELECTED RANGE ‘NOT THE RIGHT MOMENT’ The supermarket and shopping sector has -- perhaps unsurprisingly -- not welcomed the bill. Union
la Fédération du commerce et de la distribution (FCD) called the measure “irresponsible and inflationist”. It said limiting money-off deals to 34% would “hit people in France most in
difficulty and grow the margins of a few giants in the sector for no reason”. Economics professor at Paris Cité University, Philipe Moati, TOLD _EUROPE 1_ that “it seems that now is not the
right time” to introduce such a law. He said: “We’re going through a period of inflation that is weighing on households’ purchasing power, so it’s not the right time to be adopting laws that
go against this.” In February 2023, it emerged food prices had risen on average 14.8% in just a year. The president of the supermarket brand Système U went further and said the government’s
decision was contradictory and sent mixed messages. Dominique Schelcher said on Twitter: “It is madness! On the one hand, they’re asking us to implement AN _‘ANTI-INFLATION TRIMESTRE’_,
that we’re implementing immediately. And on the other hand, they’re voting for a measure to limit promotions?” > C’est une folie ! D’un côté on nous demande un trimestre >
anti-inflation dans lequel nous nous sommes engagés immédiatement. > De l’autre le Parlement vote une loi qui limite les promotions > entre autres aberrations. Triste victoire des
multinationales. > https://t.co/ARQ50i0mnM > — Dominique Schelcher (@schelcher) March 15, 2023 RELATED ARTICLES FRENCH SUPERMARKET FOOD PRICES TO RISE BY 10%, WARNS INDUSTRY CHIEF PLAN
FOR '2-FOR-1' DEALS IN FRENCH SUPERMARKETS AXED AFTER BACKLASH
Trending News
Miss world 2018 pageant: when and where to watch india's anukreethy vas competing for the crownANUKREETHY VAS IS REPRESENTING INDIA AT THE ONGOING MISS WORLD 2018. HERE'S WHEN AND WHERE TO WATCH THE BIG EVENT A...
Varadkar still bitter about brexit as irish pm launches savage attack on eu exitLeo Varadkar has launched a savage attack on Brexit, claiming it made the UK "poorer, less secure and less influent...
Regulation of the apoptosis–necrosis switchExecution of the apoptotic program involves a relatively limited number of pathways. According to a general view, these ...
President donald trump tweetstorm – the saturday editionPresident Donald Trump Tweetstorm - The Saturday Edition You will be redirected back to your article in seconds Skip to ...
Mahindra comviva enables omni-channel customer engagementMahindra Comviva, the global leader in providing mobility solutions, today announced that its mobile engagement solution...
Latests News
‘it is madness’: inflation warning as supermarkets face discounts capFRENCH SUPERMARKETS ARE SET TO BE RESTRICTED BY HOW MUCH THEY CAN REDUCE THE PRICES OF HYGIENE PRODUCTS SUCH AS NAPPIES,...
Greens Powders: Are They Worth It and Which Ones Are the Best?Bezzy communities provide meaningful connections with others living with chronic conditions. Join Bezzy on the web or mo...
Racist Assault in Berlin: German Woman Pushes Angolan Man in Front of Train - DER SPIEGELA German woman pushed a 19-year-old Angolan man in front of an approaching train in a Berlin station on Sunday in a raci...
How genetically modifying mosquitoes could strengthen the world’s war on malariaIt’s been 126 years since British medical doctor Sir Ronald Ross discovered that mosquitoes in the _Anopheles_ family ar...
No csr spend yoke in companies billFirms will not have to spend 2% profit on philanthropy; govt feared clause would deter foreign investors The central gov...