Alas poor Woolworths, I knew you well…

Well, it looks like Woolworths has finally had its last nail inserted into that red and white coffin of theirs. Woolworths just never seemed to be a company that kept itself upto date, and then they went and thought the answer was moving to a catalogue style system, what idiot thought of that, I hope he/she was booted out shortly after that bad decision.

The website is now no more, and tomorrow the sale starts, essentially its going to be a “get what you can sale” from what I can tell. Once I get there its likely that there will be nothing left but a few bits of dried meat on the carcass of Woolies.

Not sure if I’ll miss Woolworths, it was never fun going into one, always seemed to be about 2-3 tills no matter the size of the store.

EDIT:

Just to backup the comment I made above regarding the Catalogue move, here is a news article dated 20-SEP-2006

Here is the share price of Woolworths compared against the FTSE-100 since 2001:

Good move? Don’t think so. Also, the failing Icelandic banks might have had a big impact on this too seen as not too long ago it looked like an Icelandic company was moving in to acquire Woolworths after securing just over a 6% share.

Thanks to iii.co.uk for the share image.