Woolworths. Outdated and a bit expensive on most items (Woolworths)

Member Name: DarkestGrey

Product:	Woolworths
Date:	10/12/08 (195 review reads)
Rating:

Advantages: Big discounts at the moment

Disadvantages: May not be around for long

So Woolworths have gone into administration but are still currently selling their products. What went wrong? What are prices currently like?

I have been into two Woolworth stores in the last couple of weeks and to be honest, one of them was offering 50% off most products. Unfortunately, it was still full of the junk that they have sold for years.

One of the shops clearly had no heating on and there was snow outside. Not a good way to get someone to spend money but obviously they are cutting back on costs.

Because of the cheap stuff they have been selling at high prices, I, just like many others have shopped elsewhere.

Mainly, I used to buy music from my local Woolworths but I have moved on to other places. However, an interesting point to note is that Woolworths have in place a distribution centre for other companies to use. One such place is Zavvi. Currently you cannot order from their online store because of the problems linked to Woolworths.

Woolworths is a place I rarely shop. It was great back in the day, but has too much competition which is better. Wilkinsons, for example. They also sell the same cheap rubbish but for reasonable prices and hence I would go there. For music, I go to play.com, Amazon or HMV for rare CD's.

They became a Jack of all trades and master of none. I cannot think of a single product that I would recommend someone go to Woolworths to buy. Seriously.

But is this the real problem? Are they a victim of the Icelandic financial crash? Although a significant proportion of their shares are owned by an Icelandic company (12.4%), I feel that Woolworths hasn't moved with the times.

Their offer of 50% off most items did make me go into the store, but without that clearance, I would normally walk straight past this store.

Summary: You might grab a bargain now, and help them pay the people they owe in the process