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Lloyd, Tim (2013)
Languages: English
Types: Article
Subjects:
The advent of the barcode and laser scanning technology provides a potentially rich source of data (so-called, scanner data) on the purchases of the nation’s food consumers. Using scanner data obtained from all the major UK supermarkets, this paper offers a glimpse at the prices of some of the purchases that make up the nation’s shopping trolley. The price data analysed belong to over 500 barcode-specific products recorded at weekly intervals over a two and a half year sample period in the largest seven national retail chains, giving nearly a quarter of a million prices in all. Characteristics of the prices are reviewed with an eye to their dispersion over time and across retailers and this provides insights into pricing strategy and the nation’s cheapest retailer. The data also allow the extent, magnitude and duration of promotional discounting (‘sales’) to be explored in greater detail than has hitherto been possible in the UK, and a summary of findings will be provided, some of which may even inform the way you shop.\ud
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    • Competition Commission, (2000). Report on the Supply of Groceries from Multiple Stores in the United Kingdom, London HMSO.
    • Eales, T. 'An Overview of the Market and Brand Performance in the Downturn' Paper Presented at the annual conference of the Institute of European and Comparative Law, St Catherine's College, University of Oxford, 2012.
    • Lloyd, T., McCorriston, S., Morgan C.W., Zgovu, E. (2011) 'Do Sales Matter: Evidence from UK Food Retailing' School of Economics Working Paper 11/01 University of Nottingham.
    • Lloyd, T.A., S. McCorriston, C.W. Morgan (2013) 'Retailer Heterogeneity and Price Dynamics' TRANSFOP Working Paper No.8, University of Exeter.
    • Nakamura, E. and J. Steinsson (2013) “Price rigidity: microeconomic evidence and macroeconomic implications” Working Paper 18705, National Bureau of Economic Research,.
    • Office of National Statistics (2010) Family Spending 2009 A report on the Living Costs and Food Survey, Crown Copyright, London.
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