Life without Woolworths: The end of an era

[Dean C]

Originally Posted by lasto

Woolthworths deserves to go under simply because it could not manage to finance its money.Everyone talking about woolworths but look at the big picture -
Woolies Folded beacuse they where in so much debt - well that means they owed retailers money,now these retailers who provided services will no longer get paid and they may even fold because of woolthsworth.The Knock on effect so why u all thinking back to the good old days think about all the other companies who have lost out.

Unfortunately economies are based upon lending and borrowing these days. If it wasn't woolworths, it would have been someone else.