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The wonder of Woolies!!!!


Gary
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That, I'm afraid, is progress. Woolies are a high street chain in the traditional way when that sort of trade has been taken by more modern outlets on out of town sites. In other words the competition won. The law of the jungle, dog eat dog and all that. Sorry! :(:(

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Oddly enough we did a bit of Christmas shopping in Woollies in Northwich just last Saturday and I actually commented that I wouldn?t be surprised to see such an old familiar household name failing as a result of the current economic downturn.

 

Not many things in life last forever and looking for blame is, well I?ll leave that for others to pontificate on. Sad though because Woollies was sort of an old friend that maybe you don?t see so much or visit these days but it?s still sad to see them go.

 

Bill :)

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They changed the format a few years ago to compete, but it didn't work and they part reverted back to how they were, but things were never the same after that. They were neither one thing or the other.

 

MFI lost my occasional purchases, when they stopped stocking stuff and you had to order and wait a few days.

Having stuff on stock was one of the attractions IMO.

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agreed with the MFI, I dont want to wait for things, plus they used to be cheap.. and the kind of place that would flourish in a recession...poor management...noting else.

 

I will miss woolies though, another consequence being another major shop outside of golden square being boarded up, this does not bode well for the looks of our once flourishing town centre.

 

I plan to do all my christmas shopping at woolies if its still there when I get paid, I think britain needs a buy woolies campaign.

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Surely the government should step in and save Woolies? When you think, they have stepped in and given billions to banks who now won't pass it on to customers because they probably want it to pay their bonuses out of it and see it now as their own money!

 

.... but for a mere ?400 million they could pay off all of Woolies debts, bail out a national institution and save up to 30,000 jobs in the process... Surely a better option?

 

Woolies could pay back the money by offering everyone a free quarter of pick'n'mix every week for life!!

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Surely the government should step in and save Woolies? When you think, they have stepped in and given billions to banks who now won't pass it on to customers because they probably want it to pay their bonuses out of it and see it now as their own money!

 

.... but for a mere ?400 million they could pay off all of Woolies debts, bail out a national institution and save up to 30,000 jobs in the process... Surely a better option?

 

Woolies could pay back the money by offering everyone a free quarter of pick'n'mix every week for life!!

 

Surely Woolworths was originally an American import rather than a national institution?? Perhaps it could be both depending on how you personally view such things :wink:

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It was an American institution but surely over the years it has become as much a part of our nations heritage and especially at Christmas as Morecambe and Wise were?

 

I would rather 400 million bailed Woolies out than Billions funding bankers bonus payments and jolly Christmas parties!

 

Anyway PJ.... shouldn't you be playin' dominoes about now??!! :lol:

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It was an American institution but surely over the years it has become as much a part of our nations heritage and especially at Christmas as Morecambe and Wise were?

 

I would rather 400 million bailed Woolies out than Billions funding bankers bonus payments and jolly Christmas parties!

 

Anyway PJ.... shouldn't you be playin' dominoes about now??!! :lol:

 

But when you go to Woolies it looks old and tired and confusing. it doesn't seem to specialise in anything in particular and is undercut by similar type stores. I don't think it will be the last victim of the current recession and it has struggled on for quite a while now. What price WH Smiths goes too?????

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It will all be a question of debt levels, borrowing covenants and cashflow.

 

Seems your post has affected the share price, it was down 5% in early trading this morning....about ?25 million...your posts are a bit costly PJ. :wink::D

Oh dear, much like the way your own Georgie Osbourne was talking down the pound, except that I am not in any position of influence as he is :D:oops::oops:

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  • 2 weeks later...
Yes, but at one time, that was what people wanted. there was no need to specialise, and it begs the question, why do we need mutiple choices of everything?

 

Competition should create better value for the consumer.

 

I feel that companies need to specialise so people associate them with a particular area or product. If you have no association with something, people will not go and spend money at them.

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