Skip to main content

Poundstretcher denies raising prices before ‘50% off sale’

// Poundstretcher has denied raising its prices ahead of launching a 50% off sale
// The retailer said it had faced a 37% price increase from branded food suppliers

Value retailer Poundstretcher has denied claims it raised prices ahead of launching a ‘50% off sale’ earlier this year.

The retailer said its promotion had been “misrepresented” by an article in The Scottish Sun that suggested many items had doubled in price ahead of the sale. 

The newspaper quoted shopper Lisa Elder who said that a three-pack of kitchen rolls that she had previously bought for around £3 had been increased to £7.99, which made it more expensive even after the 50% promotion.

A Poundstretcher spokeswoman told The Grocer: “The Scottish Sun article misrepresents our 50% off promotional offer.

“It is not true that our prices are more expensive. In fact, I can assure you that we are generally cheaper than every other retailer in the UK by between 10%-70% on the price our customer pays at the till.”

However, shoppers have taken to Trustpilot to complain about rising prices at Poundstretcher ahead of the promotion.

READ MORE: Poundstretcher launches “warehouse clearance” 50% off sale

Retail Gazette readers have also been lodging their complaints. One reader wrote: “Went in store and the 50% discount caught my eye. Went to buy some logs for wood burner retail recently at £4.50 now priced at £8.99 – very under-handed.”

Another commented: “White Dolce Gusto coffee pods originally were £3.29 but were priced at £5.99 at time of 50% offer which took it to £3. Only a 29p saving, not 50% at all. So deceiving.”

Poundstretcher’s spokeswoman said: “Regarding price increases, there has been a 37% increase in food cost prices compared to last year from branded food suppliers. We are receiving price increases every week from our suppliers with the same supplier sometimes increasing their prices as many as four times since the beginning of January 2022.

She added: “In addition, there has been very significant increases in freight shipping costs from China over the past six months. Despite this background of cost price inflation, we are offering our customers, via the 50% offer, prices that are indeed significantly cheaper than last year.”

Click here to sign up to Retail Gazette‘s free daily email newsletter

The post Poundstretcher denies raising prices before ‘50% off sale’ appeared first on Retail Gazette.



from Retail Gazette https://ift.tt/6jxKA9v
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...
Post a Comment
Read more