Switzerland’s largest retailer, Migros, has announced it is slashing the prices of hundreds of brand name products after reaching a deal with suppliers of imported goods.
This content was published on
1 minute
swissinfo.ch and agencies
Migros said it would reduce prices by up to 20 per cent on around 500 products from next Monday.
The decision by the supermarket chain comes only days after its main competitor Coop said it would stop stocking about 100 products considered to be overpriced.
Migros said the products to be marked down will include Nestlé’s San Pellegrino mineral water and baby formula, Nutella bread spread and various cosmetics.
Last week, Economics Minister Johann Schneider-Ammann called on businesses, supervisory bodies and consumers to help lower the prices of imported goods.
Schneider-Ammann presided over a round table on August 10 to discuss how best the economy could deal with the recent surge in the value of the franc, particularly against the euro and dollar.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Calls for action over pricey imports
This content was published on
He said he was considering a set of measures, including legal amendments, to be discussed by the cabinet next week, but refused to give further details. “It is really important that a sign be given,” said Schneider-Ammann following Wednesday’s meeting with representatives of Swiss producers, importers and retailers as well as consumer groups and federal…
This content was published on
The value of the dollar sank below the franc some time ago, and there are no signs of the trend reversing with the Swiss economy performing so robustly compared to debt-laden European countries and the United States. “It seems prophetic, and almost tragic, to say so now, but the Swiss economy has been the victim…
This content was published on
The strong franc has created a new kind of tourist: the Swiss euro bargain hunter. More and more people journey across the border to buy everyday goods at considerably lower prices. (SF/swissinfo.ch)
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.