Government to help Woolworths stay open

[Liability]

Sales != Profit

Nope and well noted - their profits were largely written off due to bad management and supply chain issues - they knew this for a good 2 years but failed to respond. If you go back to when it was in trouble not so long ago their figures even then werent that bad....they just failed to make changes.....from current reports theyll get picked up and turned around I reckon - they just lost their identity

[Spacecadet]

With sales of 3bn I fail to see how Woolies can go under.

Sales != Profit

[Liability]

With sales of 3bn I fail to see how Woolies can go under. Oh wait a minute? Did they just remain with the same tulipe year in year out and not change with the times? MAYBE!

It will be snapped up without a doubt as even with a debt of 350mill it can be turned into a good business.

Although this time next Year M&S will be in Green's or the Saudis hands...

[Ruprect]

Wasn't their business model was buy now and pay nothing until N+2 years or something? They must have used sasguru to do risk analysis for their company.

Please furnish us with your pearls of economic wisdom. Please.

[AtW]

Furniture chain MFI has also gone into administration. It blamed falling demand for big ticket items, cash-flow problems and the withdrawal of credit

Wasn't their business model was buy now and pay nothing until N+2 years or something? They must have used sasguru to do risk analysis for their company.

[Pickle2]

And so it goes on......

But they will all be hiring new IT staff come February!!!

[_V_]

Furniture chain MFI has also gone into administration. It blamed falling demand for big ticket items, cash-flow problems and the withdrawal of credit

The owner of Currys and PC World, DSG International, has reported a half-year loss of £29.8m, blaming a "tough and volatile" trading environment

Retail group Kingfisher said sales at its B&Q home improvement chain were down nearly 9% amid the slump in consumer spending and the housing market


And so it goes on......

[Spacecadet]

Wot, like they did with Rover?

http://news.bbc.co.uk/1/hi/business/7751714.stm

its to make up for not acting sooner on the Farepak crisis

[BoredBloke]

Mandy on the tills and Prescott doing security?

At least they will be keeping him away from the pick and mix!

[Pickle2]

Mandy on the tills and Prescott doing security?

[Ruprect]

Wot, like they did with Rover?

http://news.bbc.co.uk/1/hi/business/7751714.stm