electrical goods to tumble in price war - electrical appliance suppliers

With the price war on electrical goods and the prospect of foreign invasion of new discount electrical stores, a high street revolution may be underway.
With the monopoly and merger Commission demanding a ban on resale price maintenance for a variety of electrical appliances, significant changes are expected.
This move may lead
Price war on TV, video recorder, hi-and other products
As retailers compete for market share, financial institutions and washing machines.
Large retailers say smaller independent operators may be forced out of business.
MMC's move was welcomed by the consumer association, whose complaints about "massive collusion" between manufacturers and electrical retailers sparked an investigation by the Fair Trade investigation office two years ago into the issue.
A spokesman said: "Our own research shows that,
The stability of the industry has suppressed innovation and maintained high prices.
We expect consumers to eventually get better deals from change, which will also be long term in the long run
Long-term interests of the industry.
However, retailers and manufacturers criticized the move, saying prices remained low due to competition.
"We are all watching each other like an eagle," said a large retail group . ".
"If one of our competitors drops their prices down, we will compete with them.
The manufacturer criticized the MMC report, saying it lacked balance.
Sony accused the competition authority"Idea of conception
"The details of the draft MMC report were leaked to The Economist and appeared in a magazine published yesterday.
The company said MMC concluded that home appliance manufacturers used the recommended retail price to determine the selling price of products such as televisions and dishwashers.
It says the main manufacturers carry out price discipline "ruthlessly.
According to the report, they discriminate against retailers who insist on lowering prices by limiting supply.
MMC declined to comment on the news, saying the official report will be released within six to eight weeks.
Verdict Research, a retail consultant, said that due to these changes, US electrical retail giants such as the Incredible Universe, Circuit City and Best Buy may enter the UK.
They offer low prices from huge-of-
In the UK, though, planning permits can cause problems.
Clive Vaughan of Verdict says the existing UK retailers are more likely to be the most aggressive in terms of price.
He pointed out that Argos, as the main candidate, is already testing the form of price reduction.
He said the comet could also return to its discount roots.
Another possibility is that the large supermarket group will expand its presence in the market.
The best sales near-
Hotpoint WM22, which sells washing machines, is less than 5 cents of the price recommended by Hotpoint.
Prices for other appliances such as Zanussi tumble dryers and Bosch dishwashers also follow a similar pattern.
According to the report, phrases such as "queue up" and "no swing ship" are repeated in the retailer's comments on the conditions imposed by major manufacturers. How price-
If the government supports the proposal in the monopoly and consolidation report regarding retail prices for electrical appliances, this will be the latest in a series of actions by the competition authorities to dismantle the price manipulation agreement.
The online book agreement that allows publishers to determine book prices collapsed last year after a long campaign by the supermarket group.
Also last year, the trading office ended
Prescription drugs after high
Introduction to the battle of Asda
Books and medicines are the only two exceptions to the legislation passed in 1970, which makes it illegal to maintain all other types of resale prices.
And change.
The ruling on prescription drugs is still pending a court decision, and the book market remains relatively unchanged after the NBA's demise.
Retailers are cutting the best prices in a narrow range
Sell Paperback
But publishers have raised the price of books in an all-round way to make up for the loss of profits.
Concerns about market freedomfor-
All of this will result in fewer books published, and the closure of small bookstores has also proved unfounded.
The number of books published in Britain hit a record high last year.
Prior to 1970, the most serious legislation in this area was passed in 1964.
The government has passed the resale price maintenance Act, which is considered a controversial measure.
It makes it illegal to fix any minimum price, but allows the highest price or the recommended price.