Discussion in 'General Business Forum:' started by Timmo, Feb 3, 2009.
BBC NEWS | Business | Woolworths is to be reborn online
Be interesting to see how they get on, personally I think they will struggle against the already established online businesses such as Amazon.
I agree with the Boss Hog TBH. Woolworths was always a place I went to browse, never buy anything. Even with offers they were normally 25-30% more expensive than places like Amazon or eBay.
I wasn't surprised they went out of business for that reason and the fact they had huge premises.
It's gunna be hard for them to start it off, obviously if they're not having stores then products should be cheaper. If they're not they don't stand a chance with the likes of Argos, Amazon, Play, Tesco Direct and on and on. Will be interesting to see what they come up with though.
But how are they going to sell pick and mix online? :icon_dunno:
I think they'll actually launch with minmum effort. Curiosity will drive traffic their way initially.
But do you think people will actually buy from there or just have a look then go.
Well, it really all depends on whether they can be competitive on the pricing front. They certainly have the buying power.
I think they will do fine, they are keeping the trusted "Ladybird" brand of children's clothing, do you know any well known kids clothing brands that are just online? I think its a trusted brand and one of the real selling points of the old on the high street Woolworths.
I also think they will do well online. Not having the costs of all those store properties will allow them to drive costs down I'd imagine.
Here's an interesting one:
Woolworths' main banks get repaid in full - Business News, Business - The Independent
I don't see how they went from a profit of £4m to a loss of £50m, surely when they only made £4m profit they thought oh shit we need to do something.
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