Senators back ending 2-for-1 deal on toiletries in french supermarkets
Senators back ending 2-for-1 deal on toiletries in french supermarkets"
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NEW LAW WOULD LIMIT DISCOUNTS ON HYGIENE PRODUCTS AND WASHING POWDER TO 34% IN LINE WITH PROMOTIONS ON FOOD ITEMS Offers on hygiene products in France, including washing powder, shower gel
and toothpaste, are set to be reduced if a new law currently under debate is passed. The ‘_loi Descrozaille_’, which was adopted in the Senate on February 15, will cap discounts on these
items at 34% in line with permitted discounts on food. Within the current context of soaring prices, many supermarkets have sought to attract customers with ‘two for one’ and ‘buy one get
one free’ deals on hygiene and cosmetic items, especially as these promotions have now been limited on food items. When the law passed through the Assemblée nationale, MPs were hesitant to
add a cap on promotions, for fear of damaging the public’s purchasing power. However, the Senate disagreed, and voted the law through unanimously. The law has been dubbed the ‘Egalim 3’,
after previous ‘Egalim’ laws that also limit the amount that sellers can discount items to ensure that producers always receive a fair price for their products. This is known as the ‘_seuil
de revente à perte_’, meaning the threshold at which products must be sold if they are to avoid making a loss. In practice, it means that supermarkets and other shops must sell items at a
price at least 10% higher than the original purchase price. READ ALSO: PLAN FOR '2-FOR-1' DEALS IN FRENCH SUPERMARKETS AXED AFTER BACKLASH This is so that they avoid pushing prices
down and to ensure that farmers always receive a fair return on their items. It also helps to avoid ‘flash sales’ at too-low prices on in-demand items. The Senate had wanted to revoke this
measure, saying that it “had taken €600million from the pockets of consumers”. However, Senators eventually decided to extend the measure to at least 2026. Agriculture Minister Marc Fesneau
agreed with this decision. He said: “To suspend this measure for two years would have been tantamount to burying it completely. That risks restarting ‘price wars’”. The law is now set to be
examined by a mixed commission on March 8 before going back before both chambers. The new law comes after farmers reacted angrily to suggestions that ‘two for one’ promos could return to
supermarkets. Finance Minister Bruno Le Maire had suggested the move on July 4 as a means to help consumers with rising supermarket prices. But a backlash from industry stakeholders saw the
idea being abandoned. Despite this, plans for a trial of a basket of 50 affordable everyday items are still going ahead as another means to give consumers more purchasing power amid soaring
food and energy costs. RELATED ARTICLES MORE DETAILS REVEALED ON PLAN FOR 50 LOW-COST SHOPPING ITEMS IN FRANCE FOOD PRICES IN FRANCE UP 12% IN A YEAR: WILL THEY CONTINUE TO RISE?
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Senators back ending 2-for-1 deal on toiletries in french supermarketsNEW LAW WOULD LIMIT DISCOUNTS ON HYGIENE PRODUCTS AND WASHING POWDER TO 34% IN LINE WITH PROMOTIONS ON FOOD ITEMS Offers...
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