woolworths, everything a pound!!!!!

biglugs

Ha ha ha - gotcha!!! This is NEVER going to happen until all the administrators have left is stock worth about £1.50!! Someone is being wound up here.

Shoppaholic12345

Won't other retailers have first dibs on Woolies stock auction style (not Ebay ) ?

Domokun

Just waiting on a sub-100 quid PS3. I'll camp outside the store if I have to. Tent is aired and ready to go; I even stocked up on nutri-grain.

Here's hoping we get some warning on the sale starting. Overhearing the conversation between store staff earlier today: Over 50% of the stock they keep in store is already gone, but I'd expect thats the smaller items.

lucy2308

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).

Never known a shop to have such poor customer service prefer to see toysrus go down rather than the iconic woolies!!

andrione1

the thought of being in that crowd grabbing at stuff for a pound makes me feel quite ill, so i will make sure i am nowhere near.

not that i believe it for a minute however! :rotfl:

unless they are really really stupid.

stokefan

great ill get queuing then might get a pc, ipod, xbox 360, ps3 couple of 40 inch lcds too


never happen in a million years

stokefan

great ill get queuing then might get a pc, ipod, xbox 360, ps3 couple of 40 inch lcds too


never happen in a million years

wookie_2

stokefan wrote: »

great ill get queuing then might get a pc, ipod, xbox 360, ps3 couple of 40 inch lcds too


never happen in a million years

There is no reason that it could not happen, lidals have had these sales all over the country, £1 car park sales, getting rid of excess stock. So ok not selling x boxes for £1 but other toys and small electrical items and clothes. They even had a palet of microwaves going for £10 each. So you never no it might happen.

fiscalfreckles

When a branch of WHS closed down in Watford a few years back, on the last day they cleared out a load of books at anything from 25p to £1 each. On the last day it was any 10 books for £5 or something; OK, not best sellers but we got quite a few.

The daft thing was that, although that branch was closing, there was another one in Watford where they could have shipped the stock but the manager told me it wasn't worth the cost as it was old stock, so he was told to just clear it out.

It's like some branches of branches of The Works clearing out while others remain trading, sometimes the stock taking and shipping required to transfer the stock elsewhere just is too time consuming or costly.

So I can see Woolies doing this the day before they close the doors for good - if they really do & aren't rescued soon.

cannyscot_2

They closed the Manchester wooolies down the last time they were in trouble in the 80S and sold all the stock off some stuff was cheap ie thread for 5p etc and there was a big rugby scramble of people but it wasn't one price across the board.

Seems cyclical -they had the same problems in the 80's , recovered used the same retail formula that did not work and here we go again.