Anyone else think that Woolworths has a death wish?
First or second biggest supermarket retailer in the country?
It might be a cut to one's self, not that I'd think the board would
wish for that. I don't think Woolworths will do an Ansett, though. They'd be stupid to press ahead with this if they find out that it leads to even larger losses. And surely even though their situation is hardly enviable, they can't be exactly living out of the sock drawer, especially after they deal with the Master disaster.
Imagine WW in the toilet. Maybe Coles scoops up 50% of the doomed WW chain stores. Maybe they divide up the rest of the company. But either way, Coles will have the enviable position of having a dominating control of the supermarket sector. I'm sure Choice and the consumer advocacy groups will be very happy to roll out the red carpet to their new competition-free overlords.
Himeno said:
The 100,000 staff members would like to keep their jobs...
I'm sure they would, but for all intents and purposes, they are powerless to do much about it if the WW board thinks that they know better to appease their shareholders.
Government won't help.
Unless many of those employees think about jumping ship to start a new supermarket cooperative with a better premise, a better supermarket business philosophy and SOP, and a better rewards programme.
Agree. The less people who think FF points are a good thing, the better IMO
That principle of keeping the uneducated masses away has been ill exploited by the company to cook the goose which many of us gorged upon.
The irony is the number of people you'd reckon had no idea of the benefits and now are wailing that it's going away.