Shoppers fighting over the so-called bargains as the management seek to squeeze every ounce out of this once proud bastion of the high street. Regardless of what analysis is reached, when all is said and done it seems that here is a company that has been constantly sailing too close to the edge.
Many retail operations work on the assumption that they lead the market. In truth, very few do and like lemmings, they follow their competition. Of course, it is the businesses that get in, and out, early on that make the real money. Whilst just-in-time works for manufacturing, retail requires stock at the point of sale when the customer is there.
If your business is retail based, make sure you don't make the same mistakes as Woolworth.
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