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Nairaland Forum / Nairaland / General / Business / LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product (20687 Views)
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Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by timy22(f): 9:00am On Apr 07 |
Okoroawusa: I also witness this daylight robbing some days ago, the price tag on the French fries was ₦5,600 , at the cashier's point 9,000. I asked the cashier why the price was different, she was just staring me without a word. So l drop the fries . Always check ✅ the price they input on their computer before making payment.. Most Nigerians are wicked and greedy people. 2 Likes |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Bahdguyishere: 9:05am On Apr 07 |
airsaylongcome:If what you described here is business then you are nothing but a thief. You are supposed to sell your old stock before updating to the new stock. That's what you people do and call it business. It's fraud, lack of patriotism. You all go to church every Sunday while sabotaging Nigeria economy. God will judge all of you 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by ksauthenticoi: 9:24am On Apr 07 |
Xscape1993: Bro. You no talk anything 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by CaptainFM1: 9:25am On Apr 07 |
airsaylongcome: I go to the stores. If you order online, delivery cost varies depending on your location but the price of the items remains fixed both online and in stores across the UK for the superstores. The prices are the same because they operate as a multi-superstore system as against individual outlets. In a multi-store system, they have a department that operate online sales. So if you make an order for an item for example, all they do is to check which of their outlets closer and convenient to dispatch from there if the order is in stock there. All the stores are on one interphase, all the items are on one interphase, sales and payment goes to one global unit but identifiable. So in real time, they know what people are buying most in every individual stores and thereby supply more of it to that particular store. Also, they can see the stock and inventory/items remaining from the each stores. The running and operating cost of individual outlet is borne by the global enterprise. Thus, for example, an outlet in Fleetwood can make huge profits due to low operating cost while one in Birmingham can make low profit due to high operating cost. |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by CorrectionFLuid: 9:26am On Apr 07 |
airsaylongcome: Yes this would have been great. Unfortunately I don't run that business anymore. We closed during covid. |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Bahamas95(m): 9:34am On Apr 07 |
Mandate1:I am not saying the so-called leaders are saints but the masses are also one of the major problems of Nigeria. I was born and raised in Nigeria so I know what I am talking about, don't pretend as if you don't know how Nigerians behave. Most Nigerians are wicked in nature, I saw pure witchcraft during the cash scarcity. Even if fuel is reduced to N200per litre today it would still take ages before they comply because of greed/wickedness. |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by dotedote: 9:35am On Apr 07 |
ignis: You don't understand 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Stephench: 9:37am On Apr 07 |
suckmedownthere:Bro, it's Tinubu's fault. He made the economy volatile and these people were changing price tags daily that it became tiring to continue doing so |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Stephench: 9:39am On Apr 07 |
Bahamas95: You would know it take ages everywhere else because prices of commodities are sticky when they're going down. It's called price stickiness in Economics. The government duty is to prevent volatility in the economy that shoot prices up because it doesn't come down |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Stephench: 9:41am On Apr 07 |
Bahdguyishere:Tell me you've never run a business without telling me you've never run a business |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Blackdisciple(m): 9:45am On Apr 07 |
Nice one.... Na omoju dey worry dem |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Ten06(m): 10:10am On Apr 07 |
This is the same reason I don't shop in Lozy and Market Square supermarkets in Yenagoa. Their price tags are not on the product, but it is pasted on the shelves. Most times you end up paying more than you envisage because not pasting the price on the products is an avenue to cheat 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by airsaylongcome: 10:23am On Apr 07 |
Bahdguyishere: A lot of you take business scenarios and reply with sentimental answers. So let's take it back to basic economics. Let's assume you sell one unit of a product. That's all you sell. Your old stock has selling price 1,200. And new stock is cost price at 2,800. What will you do? Sell the old stock at 1,200 then look for 1,600 to add to that to be able to buy new stock? |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Bahdguyishere: 10:30am On Apr 07 |
airsaylongcome:oga rest with your basic economics Is it the buyer that will raise capital for you to stock your shop. It's either you are selling a product or rendering service, I'm involved in the two Mr basic economics. Your analysis is not business but fraud. |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Bahdguyishere: 10:31am On Apr 07 |
Stephench:I don't run fraud based business bro |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by airsaylongcome: 10:49am On Apr 07 |
Bahdguyishere: Lol! Mr I-am-"involved"-in-Two-business, enjoy. Glad you didn't say "own" Until capital is affordable for business owners to source, cost will always be passed to the end user |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by OlujobaSamuel: 10:57am On Apr 07 |
Bahdguyishere:Even govt will tax you on new price, not the old price you bought, because if the current cost price is ₦15 while you are claiming ₦5, that you sold for ₦10, tax officers wont accept that you under sell the item below current market cost price, as it would reduce your tax obligations Also, what the govt is fighting isn't illegal, just morals that won't stand in law |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by maasoap(m): 11:14am On Apr 07 |
Okoroawusa:But customers should be able to say no and return such items now |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Vulcan24(m): 11:21am On Apr 07 |
Supermarkets prices supposed to be cheaper, lower and goods qualitative because they pass through a system and are bought at wholesale prices Also the racking system ensures only moving items and new stocks are racked The inefficiency in the system of setting up a supermarket is what is causing these frauds. Supermarkets should sell old stock at old stock prices with marginal profit not old stock at new stock prices with marginal profit. Restocking should be pre negotiated as there is a dept that handles that pricing system and advise on changes in prices. The overheads of these supermarket is what drives their greed and this same govt should subsidize registered supermarkets electricity and fuelling! To bring price control govt must be a stake holder in the expenses and not force prices down the throat of business men running their losses and profit at their own expense |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by drey777: 11:39am On Apr 07 |
Justrite is guilty of this act JohnAOne: 2 Likes |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Bahdguyishere: 11:41am On Apr 07 |
airsaylongcome:Did I tell you I work for anyone? You are not patriotic shikena! |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Funflipper: 12:16pm On Apr 07 |
being: Supermarkets only. 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Buffalo2(m): 12:38pm On Apr 07 |
JohnAOne:e. g Market Square, Opposite Bells University, Ota, Ogun State, Nigeria. 2 Likes |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by verifiablefacts: 1:21pm On Apr 07 |
talk2hb1: In this case you will ask the aboki now before buying,so to buy or not to buy lies before you even touch the commodity. 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by airsaylongcome: 1:43pm On Apr 07 |
Bahdguyishere: Patriotism in business? Naaaah. Business is war. And the weapon of your warfare is the data and analytics to properly price your product. Take it from me, any business anywhere in the world that relies on import for 90% of local consumption will adjust its price ahead of restocking. It's a rational behaviour. Every country that has had this problem of hyperinflation and is heavily dependent on import does it. Zim, Venezuela, Argentina. Large swathes of small business owners increase the retail price of their existing stock if they have information that the cost price of their stock has gone up. It's not a lack of patriotism. It's business. It's war 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by airsaylongcome: 1:44pm On Apr 07 |
verifiablefacts: And you aren't able to ask the supermarket the same question? How much? And then make a buy decision? |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Afolue(m): 1:48pm On Apr 07 |
Business are using the economic situation to exploit citizens badly. It’s wickedness 1 Like |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by airsaylongcome: 2:06pm On Apr 07 |
Afolue: How is it exploitation? Have you guys groaned and screamed when the leadership of the country has exploited the hell out of our commonwealth? Na small business owners una dey shine eye for |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by HisaacPlus: 3:02pm On Apr 07 |
FreeStuffsNG: Price tagging is practiced in a sane environment and economy. Not a country where prices at 9am will be different from 11.59am of the same day. Who will be bearing the cost of the labels? |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Krankhead: 3:06pm On Apr 07 |
Xscape1993:You are missing the point. Tgey are saying supermarkets should display their price. ThYs how it's done in western world. Imagine you take a milk from the shelf that says $1 and you get to the check out and you were told it's $5 . It's common in Nigeria. In reality customers has to pay the display price and not the one dictated to you by the the cashier. They are not talking about price comparison. 2 Likes 1 Share |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by Xscape1993(m): 3:21pm On Apr 07 |
Krankhead:Okay. Thanks for your mature clarification my dear. |
Re: LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product by HonourableUche(m): 5:53pm On Apr 07 |
CaptainFM1: I'm happy you admitted that some People are unscrupulous. Again, the main thing that should be addressed is the inflation and the price and currency volatility. Once this is addressed, there will be no need for some of these measures such as mandating supermarket owners to affix price tags. What if it's not part of their business model? |
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