While France continues to experience a severe period of inflation, which has seen the prices of most products explode in stores, Michel-Edouard Leclerc continues to occupy the media space. Va real reference for many consumers because of his position as president of one of the largest chain stores in the country, the 71-year-old businessman recently spoke about the situation with complete candor. And the news isn’t so cheerful…
“We are getting closer to the goal”. These are the very recent words of Christine Lagarde, President of the European Central Bank, who finally believes that she sees a brighter future after violent months of inflation. A satisfactory observation, certainly, but ultimately above all theoretical. Because the French have only one question in mind: will prices, which have been climbing steadily in recent months, finally come down?
The disturbing declaration of Michel-Edouard Leclerc
According to Michel-Edouard Leclerc, the answer is no. A few days ago, already, the one who is at the head of more than 700 stores stated loud and clear that we should not expect a significant drop in the cost of living. A postulate that he confirmed and explained at the microphone of Europe 1, thus showering the hopes of many French people…
Journalist: “You heard your competitor and colleague Michel Biero, one of the bosses of Lidl. He says there will be no green September, and no significant drop, period. We should not expect to return to the prices before the inflationary crisis and before the health crisis. Do you share this observation? »
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Leclerc: “Completely. I share his analysis, especially since it is one of the good competitors on the market. I stop talking about increases or decreases, I advise the public to go to the stores, to compare, and to go to the cheapest. Today, the real fight against inflation is between distributors. We at Leclerc try to be the cheapest. Our competitors are Lidl, Intermarché, System U.
In the cities where these brands are present, things are going well. There is also a slight return from Carrefour. (The declines) are not up to the 17% increase that manufacturers have taken, and that is found in the publication of profits in large listed companies and multinationals. It’s incredible.
The businessman’s opinion is clear. For him, it will be more about prices stagnating at a very high level, even slight drops here and there, but certainly not a return to normal. For example, and to take a concrete example: if you paid 2.50 euros for your slices of ham before inflation, and 4 euros now, you can perhaps hope, at best, for a drop to 3.80 euros. Should we be satisfied? Not sure…
Michel Edouard-Leclerc believes that distributors will not be ready to lower prices in significant proportions, which will allow them to reap major profits at the expense of the French. A problematic situation, so much so that the boss of Leclerc appealed to the government to legislate on this subject. To be continued…
2023-08-01 18:10:00
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