WellWorths

Author
Discussion

steve.c

Original Poster:

11,152 posts

211 months

Thursday 12th March 2009
quotequote all
Couldn't find anything with a search for this subject...
http://news.uk.msn.com/uk/article.aspx?cp-document...

Wonder if she had to risk her redundancy to set up the shop along with the borrowed funds? either way fair play I say!

Edited by steve.c on Thursday 12th March 15:51

BiggusLaddus

821 posts

233 months

Thursday 12th March 2009
quotequote all
I'll give it six months. Woolies is gone for a reason.

Puggit

48,531 posts

250 months

Thursday 12th March 2009
quotequote all
Good luck to her - but I can't imagine she has the buying power and cheap prices of Woollies available to her...

FourWheelDrift

88,706 posts

286 months

Thursday 12th March 2009
quotequote all
She says that store was always profitable, don't see any reason for that to change.

Eric Mc

122,185 posts

267 months

Thursday 12th March 2009
quotequote all
Woolworths pulled out of the Irish Republic in the early 1980s. A chain called Wellworths started up not long after. I don't know if they survived.

If they are still around, they may want to sue smile

Lemmonie

6,314 posts

257 months

Thursday 12th March 2009
quotequote all
A friend of mine again ex woolworths manager is just about to open his new shop as well. He is concentrating on toys though. At the end of the day he has good relationships with suppliers already as well as a huge team of people eager to work with him again plus the premises he secured ho got a great deal as the owners dont want empty shop fronts.

Good luck to them.

Plus just cause woolworths went under dosnt mean the particular shop was running at a loss, in fact my friends shop was doing exceedingly well.

ipitythefool

12,648 posts

250 months

Thursday 12th March 2009
quotequote all
FourWheelDrift said:
She says that store was always profitable, don't see any reason for that to change.
Profitable on the back of the Woolworths supply chain, retail infrastructure and centralised support set-up.

Whether she can maintain profits without those elements remains to be seen.

Tony*T3

20,911 posts

249 months

Thursday 12th March 2009
quotequote all
BiggusLaddus said:
.... Woolies is gone for a reason.
Correct. Woolies has gone due to bad management at higher levels and high debt levels. Many of the indevidual shops were profitable. Good luck to her.


Most towns need a Woolies.

GTIR

24,741 posts

268 months

Thursday 12th March 2009
quotequote all
Lemmonie said:
Plus just cause woolworths went under dosnt mean the particular shop was running at a loss, in fact my friends shop was doing exceedingly well.
Did they sell cakes?

dirty boy

14,718 posts

211 months

Thursday 12th March 2009
quotequote all
Tony*T3 said:
BiggusLaddus said:
.... Woolies is gone for a reason.
Correct. Woolies has gone due to bad management at higher levels and high debt levels. Many of the indevidual shops were profitable. Good luck to her.


Most towns need a Woolies.
Our local Woolies was piss poor.

I went in there a few times, it was so poorly organised that I just couldn't be bothered to hunt around.

If someone can sell the goods in a well thought out store, then I see no reason why they can't do 'okay'

pits

6,429 posts

192 months

Thursday 12th March 2009
quotequote all
I saw Chris Evans and closed it down, whats the gist of it rofl

CzechItOut

2,154 posts

193 months

Thursday 12th March 2009
quotequote all
Tony*T3 said:
BiggusLaddus said:
.... Woolies is gone for a reason.
Correct. Woolies has gone due to bad management at higher levels and high debt levels. Many of the indevidual shops were profitable. Good luck to her.


Most towns need a Woolies.
Most town centres have a Wilkinsons and a Poundland that sell the same stuff as Woolworths at a fraction of the price.

ehyouwhat

4,606 posts

220 months

Thursday 12th March 2009
quotequote all
Wellworths is relatively local to me, and seemingly everyone involved has worked incredibly hard behind the scenes to get the idea up and running. The place looks good (I had a butcher's hook yesterday) and Dorchester is the type of small-knit place where the local community will probably put all their support behind the new store*.

I wish them the best of luck with it!

*Yes, by that I mean the town is full of old people

JonRB

74,885 posts

274 months

Thursday 12th March 2009
quotequote all
I hated Woolies with a vengeance. The ones I have experience of (Wokingham, Camberley and Fleet, mainly) were dirty, scruffy, poorly laid out, with a hotch-potch of tat bought mainly by chavs, not enough people on the checkout, and just generally all-round soul-destroying.

Case in point were two staff in Wokingham who spent so long dealing with a customer over a 7p curtain rail (yes, seven pence) that I butted in and told them that they'd just lost a £19.99 sale over it and walked out leaving the item on the counter.

Quite why it needed two staff to deal with a problem with a curtain rail I don't know. I felt like giving the bloke the 7p and saying "ok, it's free now, so you can throw it away if it's wrong or doesn't work. Now fk off and let me get served" hehe

Edited by JonRB on Thursday 12th March 16:10

telecat

8,528 posts

243 months

Thursday 12th March 2009
quotequote all
Woolworths made their record profit the year before they went bust!!! Something went wrong last year. That could have been too much borrowing or some other factor. The Music/dvd distribution arm was highly profitable but was dragged down with Woolworths.

Steamer

13,879 posts

215 months

Thursday 12th March 2009
quotequote all
GTIR said:
Lemmonie said:
Plus just cause woolworths went under dosnt mean the particular shop was running at a loss, in fact my friends shop was doing exceedingly well.
Did they sell cakes?
hehe

Tyre Smoke

23,018 posts

263 months

Thursday 12th March 2009
quotequote all
Eric Mc said:
Woolworths pulled out of the Irish Republic in the early 1980s. A chain called Wellworths started up not long after. I don't know if they survived.

If they are still around, they may want to sue smile
No, they morphed into Supervalu.

However......

The lease for this store was bought from the receivers by a consortium led by an Irish company scratchchin

illmonkey

18,255 posts

200 months

Thursday 12th March 2009
quotequote all
"The store has pick and mix but has abandoned CDs, DVDs and children's clothing. Instead it has new lines including a craft and pet section with a stronger focus on products by local firms, including one which makes wooden toys."

So the store does make money, probably by selling CD's etc, so you decide to stop selling them and sell wooden toys?


Tony*T3

20,911 posts

249 months

Thursday 12th March 2009
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They should stick with childrens clothing. ITs getting very hard to buy value range kids clothing in towns now. School uniform too. Adams has gone bust after all.

Eric Mc

122,185 posts

267 months

Thursday 12th March 2009
quotequote all
illmonkey said:
"The store has pick and mix but has abandoned CDs, DVDs and children's clothing. Instead it has new lines including a craft and pet section with a stronger focus on products by local firms, including one which makes wooden toys."

So the store does make money, probably by selling CD's etc, so you decide to stop selling them and sell wooden toys?
This venture is obviously a local store and not a national chain - so its product emphasis is going to be different.

I'd say, give 'em a chance and see how they get on.

Now, if only they'd go back to selling Airfix kits.......