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Old 11-27-2008, 12:56 AM   #12
PodWORLD
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Join Date: Sep 2008
Posts: 171
Default Re: Woolworths is finished

Yeah it is a shame Swanny because I remember woolies from when I was a lad too. It's terrible news for the workers especially. I'm surprised someone isn't ready to buy it up. Positioned properly these traditional brands would prosper in times like this because presented correctly they imply safety and reassurance.

I don't believe there will be economic chaos next year. The banks believe it or not are sitting on piles of money and mergers and aquisitions are being allowed that would normally never happen.

At the BIS they're talking in terms of what have we learned etc not what are we going to do.
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