Won't they claim it's a high turnover rate to a low profit margin?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 )
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.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.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 )
Theft is usually factored into the overall prices.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 )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 but that will include Big W , and that may be problematic
Yeah, Masters was a disaster on many counts, trying to undercut Bunnings and trying to get too big too fast.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 )
I can see you stacking rocks on the footpath and sitting back with a beer on the porch and watching them crash.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?
Jeez, its not like this a sudden revelation.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
My road is unsealed so e scooters are rare and seldomI can see you stacking rocks on the footpath and sitting back with a beer on the porch and watching them crash.
in the past i inherited well over a thousand shares , but over the past decade i saw less and less attractiveness in themWOW still copping flack over the fake discounts.
Down today along with coles and unfortunately MTS.
My defensive stock in the yearly competition has been anything but.
Lucky I had none of my real money in it!
Mick
More like the pressure from Accc because they've been caught out for fake discounting of products.As if life was not bad enough for WOW investors, the copany has surprised the market by sending out a profit warning thanks to shoppers being stretched to the limits of their spending power.
I am going to make it worse by heading to Aldi.
Mick
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