Home / Knowledge / News / Apparel/Garments / Tesco brings price parity between two countries
Tesco brings price parity between two countries
Mar '09
Tesco, the UK based retailer has turned the retail industry topsy turvey. In an industry first in Ireland, the foods and apparel retailer has brought price parity in apparel prices between the Republic of Ireland and North Ireland by introducing euro-sterling price parity in its stores across the country.

What does this mean for a clothing apparel shopper in Ireland? At current exchange rates, shoppers in Republic Ireland will pay 7 percent less than their counter parts in Northern Ireland, where a difference of 30 percent exists due to exchange rates and other taxes.

Since long, prices prevailing in the Republic of Ireland have tended to be on the higher side, than those existing in Northern Ireland due to several reasons including those mentioned above, which has always infuriated the shopper in Ireland.

But in a stroke, worthy of a genius, the retailer has changed the rules of the trade and compelled other traders to follow the new rules to compete in the markets. Though apparel sales account for only 5 percent of overall sales, Tesco implemented this policy to gain additional market share.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search