Thursday, 20 November 2008
Christmas bargains at Woolworths
Back in October we had a piece on Woolworths Well they have always been known for their value and now you can get the complete Woolworths box set of 800 stores for just £1! (we guessed Tesco to take them over and split up the company, keeping the distribution chain and warehousing,and the best sites for Tesco Metros. Still the most likely option but they may buy them from administration and not face the debt) We also gave a nod to the problems of DSG, the former Dixons chain, whose share price just can't find the lowest point. Can't see any good news for them in the new year either. BBC radio reporting today that "retail sales didn't fall very far for October,just 0.1%, so spend spend spend." More balanced outlook from their news pages but still the line Many retailers have opted to hold pre-Christmas sales in a bid to boost spending at what should be their busiest time of year, is not quite right. October is one of the slowest months for retailers wh0 await the rush from, well about now, until first week of January. October was pretty good, but November sales so far have been pretty poor. Expect a "retail sales fall" call in the next round of stats.
Posted by Bill Quango MP