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woolworths for a pound


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#1 Guest_robinhood75_*

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Posted 19 November 2008 - 10:17 PM

Well looks like the recession is starting to hit hard now with big chains like currys and woolworths on the brink of closing. Today woolworths was offered to another company for the total sum of £1 The shares in woolworths are now at 2.3p Woolworths For A Pound: Chain Could Be Selling Its Retail Business To Turnaround Group Hilco | Business | Sky News

I just think its not going to be long before the uk will crumble.

http://www.telegraph...otors-grow.html

#2 Guest_altharic_*

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Posted 19 November 2008 - 10:23 PM

Thats quite expensive mate usually its a penny its happened to loads of companies in the past its a token sum to inherit the debts of the company. In a lesser way its how me and my ex lass split up I sold her £100,000 of debt for £7,000 in my pocket good deal I thought :)

#3 Gazeyre1966

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Posted 19 November 2008 - 11:42 PM

Curry's and Woolworths have always traded on their names and not the prices. They have overcharged for decades while other high street stores have moved in on their markets. What is Woolies chief selling point exactly? None, that's what. Supermarkets now offer far better deals, except for Somerfields, who overcharge for everything. Watch them go down the pan next. Who do they think they are, M&S?

Curry's....Well don't get me started on their prices and customer service...which truly stinks. Our office has bought most of our equipment from there, computers, printers, etc.......and when you need help you are speaking to some non-english speaking person trying to explain what is wrong, so f*** 'em...they DESERVE to go bust anyway.

Any Company now involved in the trade industry needs to get their finger out. If customers are to remain loyal then they need two things, good prices (ie: not ripping off customers)..and good service. Some companies think the public are stupid but the recession will see them off and I'll quite happily give them the finger on the way out.
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#4 Zoltar

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Posted 20 November 2008 - 07:01 AM

Woolworths have their niche. They do or they used to do cheaper DVDs and music CD's (haven't been in there for years now so don't know if thats changed). But I guess the likes of Amazon and Play have grabbed a chunk of their customers who used them for this type of product. Their computer games are a joke. They will get the latest new games, sell them for just a few pounds more than the independent games shops, end up not selling these games, and they are still tagged at £40 many months later when the independents have them for almost half price. They never seem to be on the pulse with vast amounts of their products.
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#5 Deano

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Posted 20 November 2008 - 08:12 AM

As with Zoltars post I have noticed Woolies slowly going down the pan.I used to buy the odd DVD.cd,etc,but living in a large town,its easier to shop about as Woolies have always been expensive in this market.Always a few quid more expensive,therefore nobody spending.
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#6 fuzion

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Posted 20 November 2008 - 08:19 AM

We've done all of our Christmas shopping with Amazon again this year.

J

#7 Deano

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Posted 20 November 2008 - 08:26 AM

We've done all of our Christmas shopping with Amazon again this year.

J

So much cheaper on Amazon.I paid £120 less than the price Woolies were selling for a DVD boxset.Robbing gets!
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#8 Fruity_Goodness

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Posted 20 November 2008 - 01:29 PM

It's redic. So many heavily geared companies getting caught out now. I think that for a person to become CEO of a company they should be made to play Railroad Tycoon II and achieve gold in all 18 campaigns. And the add-on.
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#9 Fruity_Goodness

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Posted 20 November 2008 - 01:36 PM

It's redic. So many heavily geared companies getting caught out now. I think that for a person to become CEO of a company they should be made to play Railroad Tycoon II and achieve gold in all 18 campaigns. And the add-on.


Oh, uh, sorry. I didn't read the thread. These companies are going under 'cos their just plain shit rip-off merchants, not because of leverage. They need to stay sharp to keep afloat now. But many of them are such rip offs. M&S food is just redic. 2x what others charge.
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#10 Guest_altharic_*

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Posted 20 November 2008 - 04:18 PM

M&S food is just redic. 2x what others charge.


*sigh*

Kids nowadays, its the McDonalds for every meal brigade showing ignorance of diet need I say more?

#11 RB

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Posted 21 November 2008 - 08:17 AM

Most high street retailers are going under due to the rising cost of rates and rent being imposed on their retail outlets by local councils. Where as online shops just have a large warehouse and associated staff which usually incurs a single business rent/rateable value (often setup in low rent "enterprise zones"), the likes of woolies have to incur the cost of 300+ retail outlets plus staff, plus several warehouses all incurring rent/rates. Woolworths own online stores are profitable along with their media ventures so i dont think the brand name will disappear.
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#12 DJDONKEY

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Posted 21 November 2008 - 10:26 AM

except for Somerfields, who overcharge for everything. Watch them go down the pan next. Who do they think they are, M&S?



Almost right. Somerfield were bought by the co-op a couple of months ago

#13 Guest_robinhood75_*

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Posted 26 November 2008 - 09:58 PM

Well I did say it wont be long and I was right, it's a shame as I remember going there as a young child. They been going over 99 years. I have worked for them for 4 years and I loved it. Just hope they can last till just after Christmas as I cant see how 30,000 people could cope being out of a job just before Christmas.

High Street Chain Woolworths Is To File For Administration After Rescue Talks Fail | Business | Sky News

#14 Gazeyre1966

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Posted 26 November 2008 - 10:03 PM

Woolworths have their niche. They do or they used to do cheaper DVDs and music CD's (haven't been in there for years now so don't know if thats changed). But I guess the likes of Amazon and Play have grabbed a chunk of their customers who used them for this type of product. Their computer games are a joke. They will get the latest new games, sell them for just a few pounds more than the independent games shops, end up not selling these games, and they are still tagged at £40 many months later when the independents have them for almost half price. They never seem to be on the pulse with vast amounts of their products.


You still reckon that Zoltar after they have offically gone into administration? Main reason being quoted...and I was first to say so, is that there is no market for them anymore.
<span style='font-family: Comic Sans MS'><span style='font-size: 12px;'>It's all done in the best possible taste. :bigeyes04:</span></span>

#15 GaryChandler

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Posted 26 November 2008 - 10:11 PM

Thank god i play fruit machines for a living!

#16 RB

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Posted 26 November 2008 - 10:23 PM

Thank god i play fruit machines for a living!


Well you'll probably have to go full time now your primary employer has gone into administration. I shall miss you at the Sweet counter, you used to be so polite....:D
Cyberpunk:- alienated loner who lives on the edge of society in generally dystopic future where daily life is impacted by rapid technological change, an ubiquitous datasphere of computerized information, and invasive modification of the human body.....Hmmmmm

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#17 GaryChandler

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Posted 26 November 2008 - 10:26 PM

Well you'll probably have to go full time now your primary employer has gone into administration. I shall miss you at the Sweet counter, you used to be so polite....:D


Was that some kind of an attempt at a joke?

#18 RB

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Posted 26 November 2008 - 10:35 PM

Was that some kind of an attempt at a joke?



no, around here that would be you.
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#19 GaryChandler

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Posted 26 November 2008 - 10:39 PM

So im an attempt at a joke? not an actual joke?

#20 RB

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Posted 26 November 2008 - 10:41 PM

There you go...got it in one.
Cyberpunk:- alienated loner who lives on the edge of society in generally dystopic future where daily life is impacted by rapid technological change, an ubiquitous datasphere of computerized information, and invasive modification of the human body.....Hmmmmm

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