No, it's not. It's owned by an Italian company, Ferrero, but is a German product from the German arm of the company.
I was in Coop last night, Vokeswil, and most of the L'oreal hair products have all gone...
Get them whilst you can!
Because the "visual" of the empty shelves is the striking one....no point taking massive pages in newspapers to say they are going to be off the shelves and then.....you know......still having them. Selling a few boxes of shampoo at a 50% discount for a few days is a lot cheaper than the potential gain of getting Mars etc to share in the FX issue 50/50
If I were Mars, I'd cut a deal with Migros and refuse to supply any products to Coop.
And sell half what they sell today?
Yup.
Coop are big in Switzerland, but globally Mars have bigger balls.
People who want their Balistos and M&Ms or have fussy cats will still buy their products elsewhere.
I'd rather not make a profit in an area than be so publicly dictated to by a vendor.
But that's probably why I push buttons for other people to make a living, instead of living the life of the billionaire entrepreneur.
Mars is a bad example coz its privately owned, but Wall Street wouldn't allow a business to miss a quarter of earnings forecasts without punishing them hard on the stock price.....so businesses can't ever afford to take a short term hit even if its the right thing to do in the long term. Its a trap, but its how it works unfortunately
and who do you think the "shareholders" are?
the consumers are the shareholders.
The problem is the whole fixation that people want to shop in shopping malls and shopping centers just because that's what they do in the USA. People here don't want that. They want to shop locally or to be able to stop off some convenient place on the way home from work. Migros was some years ago driving hard to push shoppers into larger shopping centers and away from its smaller local stores. The experiment backfired as closing the local Migros didn't mean the customer went the extra mile to where Migros wanted them, but they just abandoned Migros and went to Coop or Denner instead. Now they are tyring to repair the damage, for example through the Migrolino brand.
How are consumers shareholders? Shareholders are the guys that own the company
It already does. Have you not noticed that the larger stores don't really stock more range, simply more of the same.
Exactly, and who do you think owns Migros? As a customer, you do. Migros is jointly owned as a cooperative and is the collective property of its customers. You can go to their shareholder meeting and speak up and vote. Or you can stay at home and complain that all those shareholders (including yourself) are evil profiteers. Which did you do?
That's why I chose them, rather than the other two, to use for my imaginary Coop flounce.
I think not. I have heard this arguement before : that they can do no wrong because they are not a "commercial entity" in the shareholder sense makes them somehow unaccountable. Wake up and smell the overpriced coffee.
AYB
That's true, all the big brands have exclusive importers. The reason is pricing policy, due to the lower price sensitivity of the Swiss consumers and no parallel imports they are not really exposed to market forces and can set the price as they see it fit for the relevant market. Coop does have some, but not too much, bargaining power for branded products that don't have close substitutes. That's also the reason why German supermarkets (Lidl, Aldi) still have a relatively small market share, they have to adjust to the Swiss market structure too.
That's utter nonsense. The problem lies with the idiotic shopping hours and the lack of attractive stores. Migros should never be situated in a shopping mall. Generally speaking, you'll never see a Walmart inside a shopping mall anywhere around the world. It's actually an old Swiss concept to put a retailer inside a mall..and it may have worked back in the days, but the Swiss consumer has evolved over the years.
The manufacturer chooses their importer. The retailer chooses whether or not to deal with that importer (even if it means not carrying a range). The swiss reluctance to enforce the rights to parallel imports is a key part of the problem as it prevents alternative solutions. Such protectionist situations have already been liberalised across EU.
The main problem as I see it is the apathy of the consumer and the regulatory protectionist environment that prevails in so many areas in Switzerland. Until there is relief from this there will be no real competition to drive down prices.
AYB
Not really true, most shopping centers I've been to all over the world have a department store including a food section, pretty similar to the MMMs you see in Swiss(erland)
And that's why you don't speak up at the shareholder meeting?
I visited the *new* shopping centre a year or so ago in Bern. It had a Migros and a Globus. In fact it had nothing that I had not seen in other small towns. Certainly not a destination shopping experience. In fact, it was crap.
AYB