Friday, Jan 09, 2004 at 19:47
G'day William,
FWIW, I agree 100% with your
views (on Woolworths)...
I was just having a "dig", certainly no offence meant...
I am another who has been using Woolworths fuel exclusively since they started selling it, and have had no fuel-related problems whatsoever...
I also have a substantial (for me, anyway) investment in Woolworths shares, so I have a fair idea what goes on in the boardroom, and you are absolutely correct... There is no way they would (knowingly) do anything which could damage their reputation thereby affecting MARKET SHARE !!!...
BTW, for those who are in the habit of "bagging" major corporations (such as Woolworths), calling them "rip-off artists" etc. etc....
Woolworths stated policy is " High volume, LOW MARGIN", meaning that the actual profit (percentage-wise) on individual items is quite low, relying on VOLUME to generate profit, therefore the presence of such a retailer in the marketplace is a major factor in keeping prices (to the consumer) down.... Not the other way, as some would like to believe
Regards, Ed. C.Confucius say.....
"He who lie underneath automobile with tool in hand............
Not necessarily mechanic!!"
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