The "Credit Crunch" and you? - Page 22

Tak · 01-12-2008, 14:03

Have chatted to Jo, apparently Rich is going to try going self employed - he pointed out people still need work done on their cars, they just can't afford stupid garage prices. Fingers crossed it at least tides them over.

vix · 03-12-2008, 13:30

Another customer gone under. Bigger than Woolies too!!!

cheets · 03-12-2008, 17:08

Quote:

Originally Posted by Tysonator

Honda uk have stopped production at thier Swindon plant for 2 months in early 2009. Plus there isso much car stock car sitting around in compounds and air fields that have not got orders on them. Just surplus stock !
However the Car manufactors will still not lower their prices to help consumers !

Greed is good, you seen how much is costs to make and produce a car then what they sell it on to us.

Credit crunch is a blessing in disguise, its just showing us how much we were dependent on credit and more so these "big" companies.

phykell · 04-12-2008, 14:38

Too true. I just got a flyer from Dominos Pizzas. Apparently they have a special "opening deal" - two large pizzas for £30 plus garlic bread and drink. Apparently that's saving £15!!! It's freakin' pizza FFS! Bread, cheese and thin tomato sauce with some crap on top.

Now I'm sorry, I love pizza but I'm not paying £30 for two large, hungry people. That's just ridiculous. No doubt if they went under they'd moan about the credit crunch. How about the fact that they're actually just gouging their customers?

cheets · 04-12-2008, 16:55

Quote:

Originally Posted by phykell

Too true. I just got a flyer from Dominos Pizzas. Apparently they have a special "opening deal" - two large pizzas for £30 plus garlic bread and drink. Apparently that's saving £15!!! It's freakin' pizza FFS! Bread, cheese and thin tomato sauce with some crap on top.

Now I'm sorry, I love pizza but I'm not paying £30 for two large, hungry people. That's just ridiculous. No doubt if they went under they'd moan about the credit crunch. How about the fact that they're actually just gouging their customers?

Yeah, I would love to know the profit margins of said companies because they amount they mark up must be huge but they must waste the rest of the money on so much crap.

How does a company like Woolworths that employs 30,000 not have a sound business structure, so much shop space and a 99 year old brand and they just blame the credit crunch.

Beansprout · 04-12-2008, 17:12

Quote:

Originally Posted by phykell

Too true. I just got a flyer from Dominos Pizzas. Apparently they have a special "opening deal" - two large pizzas for £30 plus garlic bread and drink. Apparently that's saving £15!!! It's freakin' pizza FFS! Bread, cheese and thin tomato sauce with some crap on top.

Now I'm sorry, I love pizza but I'm not paying £30 for two large, hungry people. That's just ridiculous. No doubt if they went under they'd moan about the credit crunch. How about the fact that they're actually just gouging their customers?

We have some awesome Pizza hut vouchers...spend over £40 and get 50% off, so it's never more than around a five each with plenty left over for the next day

I'm going to miss not being a student!

Mark · 04-12-2008, 19:03

Quote:

Originally Posted by cheets

How does a company like Woolworths that employs 30,000 not have a sound business structure, so much shop space and a 99 year old brand and they just blame the credit crunch.

Anyone who blames the 'credit crunch' for Woolworths probable demise is completely missing the point. The only thing the 'credit crunch' did for them is stamp on the accelerator. Same goes for MFI. In both cases they were having a severe identity crisis, and in the end didn't know what they were, and that's why they failed. It's a huge shame (in the case of Woolies at least) but that's the price you pay for what appears from the outside to be inept, or at least misguided, leadership.

I actually went into Woolies for the first time in ages today. Shelves were surprisingly full, so either they're not selling or they're still able to get hold of stock. Bought a few bits and bobs. Almost certainly don't need them, but they'll keep.

Quote:

Originally Posted by Beansprout

I'm going to miss not being a student!

Beansprout in double-negative shocker.

Tysonator · 04-12-2008, 23:48

Woolies seem to have a number of issues from what i readed about. Shortage of working capital seems to be their major one, i.e. having funds in the bank and cash turn over from sales to then in 30 days later to pay the suppliers.
I think Woolis have been in trouble for years. Infact a major share holder had been trying for some while to sell his stake in woolies.

As for MFI, well service is grap, delivery was grap, price of goods grap !
so no wounder they are having problems !

Nutcase · 05-12-2008, 07:09

Years ago, if you wanted cheap goods but weren't overly concerned about quality or service etc. you went to Woolies. And if you knew what you wanted, and didn't need to browse you went to Argos. Both places offered goods at lower than the rest prices.

Now both sell at the same as everywhere else, but the service is still crap, and woolies sell the same goods as everywhere else. Both are "just another shop" with no niche so it's not at all a suprise Woolies has failed. Not sure why Argos isn't struggling to be honest.

Tysonator · 06-12-2008, 11:43

I think Argos you can browse at home then just go to the shop to get items you need. Unlike other shops you have walk around the store. Perhaps thats why Argos are still there !

01-12-2008, 14:03	#211
Tak L'Oréal Join Date: Jul 2006 Location: Portsmouth Posts: 9,977	Have chatted to Jo, apparently Rich is going to try going self employed - he pointed out people still need work done on their cars, they just can't afford stupid garage prices. Fingers crossed it at least tides them over. __________________ The look on your face when a toddler rips out your heart and shows it to you? Priceless.... For everything else, there's FWOOSH!

03-12-2008, 13:30	#212
vix Penelope Pitstop Join Date: Jul 2006 Posts: 4,426	Another customer gone under. Bigger than Woolies too!!! __________________

04-12-2008, 14:38	#214
phykell Vodka Martini Join Date: Sep 2007 Posts: 833	Too true. I just got a flyer from Dominos Pizzas. Apparently they have a special "opening deal" - two large pizzas for £30 plus garlic bread and drink. Apparently that's saving £15!!! It's freakin' pizza FFS! Bread, cheese and thin tomato sauce with some crap on top. Now I'm sorry, I love pizza but I'm not paying £30 for two large, hungry people. That's just ridiculous. No doubt if they went under they'd moan about the credit crunch. How about the fact that they're actually just gouging their customers? __________________

04-12-2008, 23:48	#218
Tysonator Vodka Martini Join Date: Jan 2007 Location: ESSEX Posts: 874	Woolies seem to have a number of issues from what i readed about. Shortage of working capital seems to be their major one, i.e. having funds in the bank and cash turn over from sales to then in 30 days later to pay the suppliers. I think Woolis have been in trouble for years. Infact a major share holder had been trying for some while to sell his stake in woolies. As for MFI, well service is grap, delivery was grap, price of goods grap ! so no wounder they are having problems ! __________________ Will think of some witty to say, well when I think of it

06-12-2008, 11:43	#220
Tysonator Vodka Martini Join Date: Jan 2007 Location: ESSEX Posts: 874	I think Argos you can browse at home then just go to the shop to get items you need. Unlike other shops you have walk around the store. Perhaps thats why Argos are still there ! __________________ Will think of some witty to say, well when I think of it

05-12-2008, 07:09	#219
Nutcase Moonshine Join Date: Dec 2006 Location: Chelmsford, innit! Posts: 3,979	Years ago, if you wanted cheap goods but weren't overly concerned about quality or service etc. you went to Woolies. And if you knew what you wanted, and didn't need to browse you went to Argos. Both places offered goods at lower than the rest prices. Now both sell at the same as everywhere else, but the service is still crap, and woolies sell the same goods as everywhere else. Both are "just another shop" with no niche so it's not at all a suprise Woolies has failed. Not sure why Argos isn't struggling to be honest.