Discount stores threatened Tesco's 30% lead in the grocery market and replied by introducing the Discount Brand. This, claims the Fool, has brought in 300, 000 new customers but The Independent recently reported on the company's worst sales in the UK for 16 years, so maybe things are catching up with Tesco.
My question is, though, what else can be done? These companies are attempting to stimulate spending in a rather flat economy and hopefully long term marketing budgets and planning won't suffer for it. this will be key to keep companies afloat during the difficult times-creative and canny PR and marketing to help sell products and ultimately contribute to a bounce back in the economy.