woolworths, everything a pound!!!!!

sallyrose_3

JasonLVC wrote: »

The administraters who control control Woolworths would be breaching their obligations if they just gave everything away.

Woolies owes about £400m to debtors and the administrators job is to find a way of paying those debts off whilst finding a suitable exit strategy fro the company/share holders.

Selling stock @ £1 wouldn't clear the debts and would leave the business more or less destroyed. Indeed, it is the stock Woolies currently has that is the bargaining chip between seller and buyer of the business.

Sounds like Toys R Us staff are having a laugh...but perhaps they could one day consider cutting their own extortionate rip off prices before it is too late for them and their appalling customer service needs a boost too (bag searches, one till operator at peak times, having to queue to collect your goods after queuing to buy them, etc).

Exactly, wi'll never happen due to creditors, would be like the spanish bull run if it was true though

zenseeker

sallyrose wrote: »

Exactly, wi'll never happen due to creditors, would be like the spanish bull run if it was true though

And considering that a store worker was trampled to death by rampaging customers in a sale last Friday, I doubt that Woolworth's would want repeat scenes as their epitaph.

jap200

andipandi72 wrote: »

i have just heard from someone who works in toys r us that woolworths are going to have a day soon that they are selling everything for a pound!!!

they cannot afford to keep open anymore and need to get rid of stock.. no date so that there are no stampedes. do not know if this is only a rumour but i am certainly going to keep my ear top the ground as so to speak!!!!


:beer:

Ahh - Bless - some poor confused Toys R us person has got a little confused about the £1 store sell off in the news! It's given us all a laugh though!

PopeSock

natashasprite wrote: »

:rotfl::rotfl:
Images of a local "Currys" store closing down a few years back. It was painful!

Not as painful as the sales assistant in America who got trampled to death on Black Friday at a Walmarts. The guy was a Haitian immigrant or something. He came to America for a better life and got flattened by a herd of deranged bargain hunters. The people trying to help him got injured to. I'd like to say only in America, but having worked in retail here at Christmas it's not beyond the realms of possibility of happening here.

barriejohn69

JasonLVC wrote: »

The administraters who control control Woolworths would be breaching their obligations if they just gave everything away.

Woolies owes about £400m to debtors and the administrators job is to find a way of paying those debts off whilst finding a suitable exit strategy fro the company/share holders.

Selling stock @ £1 wouldn't clear the debts and would leave the business more or less destroyed. Indeed, it is the stock Woolies currently has that is the bargaining chip between seller and buyer of the business.

Sounds like Toys R Us staff are having a laugh...but perhaps they could one day consider cutting their own extortionate rip off prices before it is too late for them and their appalling customer service needs a boost too (bag searches, one till operator at peak times, having to queue to collect your goods after queuing to buy them, etc).

Woolies owes nothing to debtors. Debtors would owe Woolies. Woolies owes money to its creditors

ladyfalco

The workers in our woolies seem to think that 100 stores will remain open in the new year and the rest will close.

photome

Breezy85 wrote: »

Do you honestly think they would sell everything for £1?

I'm still friends with my ex manager and have it on good authority that Woolies will be open well into January

There is no way any manager of woolies would know this

TinyPablo

For 2 days I've been trying to get on to woolies website but it keeps saying its undergoing essential maintenance and to check back later. Anyone know whats going on???

zenseeker

TinyPablo wrote: »

For 2 days I've been trying to get on to woolies website but it keeps saying its undergoing essential maintenance and to check back later. Anyone know whats going on???

It's been shut down for the foreseeable future, I'd give up trying, and shop somewhere else until this fiasco is over with. Woolworth's have even asked couriers to return any undelivered items.

Roger_Rampant

TinyPablo wrote: »

For 2 days I've been trying to get on to woolies website but it keeps saying its undergoing essential maintenance and to check back later. Anyone know whats going on???

http://www.woolworthsgroupplc.com/ seems to be OK, but www.woolworths.co.uk doesn't!