WOW - Woolworths Group

[TimeISmoney]

liable to be a nothing-burger ( or trivial fine )

this is a result of the ALP trying to look tough

at worst the Government looking for some stealth-tax revenue

the food chains have faced this several times over the decades ( and still crush the minnows despite the ACCC's attempt to create competition )

i hold WOW ( 'free-carried ' seriously sold down due to previous disappointments ) and COL ( courtesy of the WES spin-off )

Won't they claim it's a high turnover rate to a low profit margin?

They must be bagging all this profit somehow without showing it on the books, I haven't followed their financials but I know they hold some assets in real estate, and I wonder how much fringe benefits they hide.

 

[divs4ever]

well they off-loaded the drinks division ( EDV ) their REIT ( RGN/SCP ) is investing in properties tenanted by WOW , EDV , COL and Bunnings , are they bagging all this profit ?

i only glanced over the last WOW results , but nothing impressed me when you consider real inflation is more than 4% , maybe stock is just walking out the door ( unpaid ) , WOW went heavily towards 'new tech ' and tech ain't cheap ( compared to part-time workers )

 

[rnr]

well they off-loaded the drinks division ( EDV ) their REIT ( RGN/SCP ) is investing in properties tenanted by WOW , EDV , COL and Bunnings , are they bagging all this profit ?

i only glanced over the last WOW results , but nothing impressed me when you consider real inflation is more than 4% , maybe stock is just walking out the door ( unpaid ) , WOW went heavily towards 'new tech ' and tech ain't cheap ( compared to part-time workers )

Certainly is, I was speaking with a store manager when a person made a dash for the exit with a bag full of unpaid goods and the store manager took off after him. When he returned I asked him if that was a frequent occurrence. The reply was yes and they cannot use any force to detain the offender. The offender had left an e-Scooter within a short of the shopping centers main entrance.

 

[TimeISmoney]

well they off-loaded the drinks division ( EDV ) their REIT ( RGN/SCP ) is investing in properties tenanted by WOW , EDV , COL and Bunnings , are they bagging all this profit ?

i only glanced over the last WOW results , but nothing impressed me when you consider real inflation is more than 4% , maybe stock is just walking out the door ( unpaid ) , WOW went heavily towards 'new tech ' and tech ain't cheap ( compared to part-time workers )

Looks they still have a bit.

 

[TimeISmoney]

Certainly is, I was speaking with a store manager when a person made a dash for the exit with a bag full of unpaid goods and the store manager took off after him. When he returned I asked him if that was a frequent occurrence. The reply was yes and they cannot use any force to detain the offender. The offender had left an e-Scooter within a short of the shopping centers main entrance.

Theft is usually factored into the overall prices.

 

[divs4ever]

Certainly is, I was speaking with a store manager when a person made a dash for the exit with a bag full of unpaid goods and the store manager took off after him. When he returned I asked him if that was a frequent occurrence. The reply was yes and they cannot use any force to detain the offender. The offender had left an e-Scooter within a short of the shopping centers main entrance.

yes i did note COL was congratulating itself ( in their results ) for reducing stock losses in that manner , so it must be a noteworthy problem now ( at least it some businesses )

 

[divs4ever]

Looks they still have a bit.


View attachment 184655

yes but that will include Big W , and that may be problematic

WOW tried to become an empire but has made several missteps along the way

( thank goodness i got a Dick Smith Electronics gift card , way back then , and alerted me early to the problems that were entrenched in the psyche .. well before the hardware debacle )

 

[qldfrog]

the e scooter thief was saving the planet and will received a $500 refund from my tax if he bought it today in Qld..how dare you judge?

 

[TimeISmoney]

yes but that will include Big W , and that may be problematic

WOW tried to become an empire but has made several missteps along the way

( thank goodness i got a Dick Smith Electronics gift card , way back then , and alerted me early to the problems that were entrenched in the psyche .. well before the hardware debacle )

Yeah, Masters was a disaster on many counts, trying to undercut Bunnings and trying to get too big too fast.

 

[TimeISmoney]

the e scooter thief was saving the planet and will received a $500 refund from my tax if he bought it today in Qld..how dare you judge?

I can see you stacking rocks on the footpath and sitting back with a beer on the porch and watching them crash.

 

[mullokintyre]

WOW and Coles in the news, again for the wrong reasons.

From today's WOW announcement.

MEDIA RELEASE
23 September 2024
ACCC takes Woolworths and Coles to court over alleged misleading ‘Prices
Dropped’ and ‘Down Down’ claims

Jeez, its not like this a sudden revelation.
Like This one from 2014 or This one from 2016
Its been going on since the first supermarkets opened.
Why now?
Why not last week, or last year, or last decade?
It can only be a political ploy.
Maybe more funding for the ACCC.
Yawn.
Mick

 

[qldfrog]

I can see you stacking rocks on the footpath and sitting back with a beer on the porch and watching them crash.

My road is unsealed so e scooters are rare and seldom .as for thieves, we go slightly more radical in the country
Wow and col suffering the Wrath of our great socialist leader today

 

[divs4ever]

sealed road here but more than 30km to the nearest WOW or COL ( both in the same shopping complex ) maybe the scooter will run out of amps before he/she gets to the front gate

or gets cleaned up by B-Double since it is a main trucking route for 30 of those kilometres

 

[finicky]

Market Matters afternoon report

• Supermarket stocks were lower – Coles (COL) -3.3% and Woolies (WOW) -3.4% as the competition regulator said it has commenced separate proceedings in the Federal Court against WOW & COLs.
• The ACCC is suing for breaching consumer law by misleading consumers through discount pricing claims. The minimum penalty is $50m, about 3-4% of the consensus profit for Woolworths and Coles.

Held