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NTUC supermarkets
- Thread starter bella
- Start date
union bosses are usually gangster in disguise... extortion is part of the game....
More supermarkets?
Union member? or the "U" card? Years back, they sold shares, I bought some, forgotten how much & some years later, they bought it back from us!.
You ask a very good question, NTUC licence for operating a supermarket is that a commercial entity or a co-operative?, where does the profit goes to each year; assuming that they make money, to MOF? ( Ministry of Finance?)
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knowing that sinkie cannot take care of their money ,they are saving for you.
when you need it they will give it to you in a lump sum.
NTUC member has 20 NTUC shares & receives dividends annually. You should receive a statement. The amount is $20 +.
NTUC has been opening NTUC supermarkets. This benefits the consumers but the NTUC hypermarts are killing off the small shop owners.
Many my neighbourhood provision stores have all died, especially those at "central", even the void deck kiosk, traditionally "mama shop" have died & everyone replaced by 7-11 stores. All small traders have died, & many are dying a slow death.
How does opening of more NTUC supermarkets benefit consumers, compared to having many small shop owners?
The supermarket war is now between NTUC, Cold Storage and Sheng Siong. The younger generation prefers to shop in air-conditioned environments. Who wants to squeeze in the wet market crowd?
It's a miracle that small provision shops and mama shops survived through the years. Provision shops in the old days, especially those in the Kampungs allow poorer residents to buy things on credit and rice could be sold in smaller portions.
It's a miracle that small provision shops and mama shops survived through the years. Provision shops in the old days, especially those in the Kampungs allow poorer residents to buy things on credit and rice could be sold in smaller portions.
One NTUC megamart sell everything that a household usually needs with air-con comfort, and allows NETS/Credit Card payment with Link points. This is the preferred choice. NTUC has the bulk purchase capability which lowers the prices of its goods that could transfer to savings for its consumers. Small shop owners do not have this capability.
The ideal world is to have the big one with lower prices for general products but allow the small shop owners provide specialty products and have specialized knowledge on them. Do not expect talent to know about it. But the rents are killing the real anchor tenants of the real business and vibrancy of the real economy - small shop owners. You want to eat NTUC cooked hawker food? I prefer the ones from Gurney Drive, albeit stinking attitude at times
Yup!, my provision store of the past, have home delivery service, once a week I phone in with the grocery list & the boss will come by the begining of the month to collect the money; this was when I was young. I learnt home economics back then, accounts, stock taking, good return etc... & benefits of dealing with the supplier, like extra something end of the month & Lunar New Year, I get to choose the two crates of free soft drinks, the type of soft drinks I like to drink. ha ha ha
Back then, one run out of anything say, soya sauce, just grab a clean empty bottle & run to the provision shop for a fill, that does for anything else, rice, sugar, salt & kerosene.:p
Nowadays, one is forced to buy in bulk, which does not justify economy of scale, for example, you need just two or three chilli to cook, you go NTUC supermarket etc., you have to buy the entire packet for $1.20 & most likely, you throw away the rest, after a while, for you won't be using them.
What I am saying is, we miss the small traders, who got muslced out of the marketplace.
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on the issue of NTUC or hypermarts vs neighbourhood stores, the latter do still have their reason for existence.
they are closer to the heartlanders - I find the one near my place really useful...i can pop down to grab a condom or two, a beer when i feel like it, bread / eggs, ciggys...things that i forgot to pick up from NTUC ...
of cse the price is ten twenty cents higher - but for the convenience, i am prepared to take it.
the idea is to stock the correct stuff - i.e. non perishables and those that are needed. Alternatively, stock those bulky items that heartlanders won't lug from NTUC - eg: detergents / washing powder.
they are closer to the heartlanders - I find the one near my place really useful...i can pop down to grab a condom or two, a beer when i feel like it, bread / eggs, ciggys...things that i forgot to pick up from NTUC ...
of cse the price is ten twenty cents higher - but for the convenience, i am prepared to take it.
the idea is to stock the correct stuff - i.e. non perishables and those that are needed. Alternatively, stock those bulky items that heartlanders won't lug from NTUC - eg: detergents / washing powder.
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How much grocery does 7-11 and Cheers sell
I'm sorry if I'm misunderstood by using the American term grocery store, which should be provision shop here. I think the more accurate term should be convenience store as described by Red Amoeba. Not somewhere shop around and queue up to haul a whole trolleyful but just somewhere to buy a few items.
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