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Topic History of: Woolies collapses - thank God!
Max. showing the last 5 posts - (Last post first)
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JK2006 |
for sixpence, Zoo, you can pick'n'mix - three Woolies, two MFI's and a Northern Rock. |
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zooloo |
They should sell it for sixpence. |
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BR |
Good points.
Some small HIGH STREETS could be decimated if WOOLIES closes - it will have a knock on effect. In fact their least profitable stores are probably propping up whole streets of shops as "destinations"
Once WOOLIES starts closing there will a domino effect on the streets where it closes. That is the POWER OF GOOD OLD WOOLWORTHS.
The MEDIA have slagged the shop off all the time - yet their shops are always busy - just not making enough money in these high costs days.
The MEDIA and GOVERNMENT are slaves to Tesco - Sainsbury and Wallmart. They wish this to happen to increase once again their profits and their dominance. |
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Broadgate Gnome |
Its not just Woolies retail shops though is it.
Its also Entertainment Uk!! This is the firm that distributes to everyone else----asda , tesco, hmv etc etc and have a hand in generating most of the special offers in and features in TV ads.
So this could all become quite a threat to the whole industry.
Woolies has always been troubled since inception , but what really caused this problem was the demerger from Kingfisher. They took Charterhouse --the company that owned all of the Woolies shops, after committing them to new leases at premium rates.
It was a move a bit like the one that destroyed the Pub industry -- injecting seperate landlord companies into the system expecting big payments.
Personally I see the threat of having to go through a recession without a woolies a bit fearful.
( ok and yes a good proportion of my households income comes from that quarter)
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JC |
There are not many (if any) stores near me offering the same products for less money than Woolworths. Maybe in the larger cities there will be.
I've heard a few people say that it has failed to move with the times, but I'm never sure what they mean. They sell a variety of goods and I have enjoyed shopping there. In what way have they not moved with the times? |
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