Apparently theres a woolworths in Austrailia too, I wonder if they are connected or related in any way http://www.woolworths.com.au/
Woolies is a great Aussie icon. It's named after the Woolies you're talking about, but has no connection with it. It's one of the two "big" supermarkets. Everyone either goes to Woolies or to Coles. Business wise, they're doing great (largest retail company in Australia).
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.
Woolies is a great Aussie icon. It's named after the Woolies you're talking about, but has no connection with it. It's one of the two "big" supermarkets. Everyone either goes to Woolies or to Coles. Business wise, they're doing great (largest retail company in Australia).
Wow, strange how things end up, Now the aussies have the only woolies left in the world
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.
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.
all those thousands of people deserve to lose their jobs?
all those thousands of people deserve to lose their jobs?
Not deserve, but recessions are necessary to get rid of bad businesses. There is still a demand where Woolworth's was, and it will be filled. Recessions allow someone else to rise to the top, instead of the same people stay there.
01-07-2009, 10:15 AM
My guess is lollies.
[/sarcasm]
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