Woolworths the expensive food people.

Goldfinger · Senior Member

RE: Woolworths the expensive food people.

Chicken strangler · Senior Member

hako wrote:
Chicken strangler wrote:
Woolworths aligned with Hiils industries recently giving them exclusive rights to sell the iconic Hills brand products. I.E clothes lines,clothes airers,garden sprayers ETC. so now Bunnings or Mitre 10 are unable to order Hills products at all. I understand there is still some stock in some of those stores because or warehousing And previous bulk buying.
The idea was to get their product into the Woolworths Masters store and once there products were exclusive, well with no competitor guess what happens to prices?
What has happened since the deal was struck Master have decided to stop building any more new stores. Hills now have a gigantic problem. Bunnings have shut their account with Hills as has Mitre10.
Other examples of exclusive partnerships and therefore no price comparisons possible include Ryobi, Polly paint products, Ozito power tools, Rolltrack fittings. Who knows what else. They can price these products at any selling price, simple, no competition
Ralph
chicken strangler.

Correct about Bunnings but the Hills website says their products are available retail from Mitre 10, Stratco, True Value hardware, Masters, Bing Lee, Home Hardware, The Good Guys plus a few more.
Regards

Mitre10, True Value and Stratco all buy through the same warehouse which was formally owned by the Mitre10 stores and run as a collective. That warehouse was sold recently by the mitre10 store owners to Metcash a subsidiary to the I.G.A. Group .

While bulk stocks are held within the warehouse I guess those stores will continue to sell those items,my understanding is they are not buying new stock. I may be wrong.

Ralph

hi ken strangler

Kooroorinya Kelpie · Senior Member

2foot6 go to the top of the class courtesy of your most appropriate answer. Guess when I win lotto I'll buy shares in the local crematorium then I won't be able to query the bill .

deverall11 · Guru

Goldfinger wrote:
Knightrider, I invested a considerable part of my Superannuation through my own Super Fund in Harris Scarfe which was doing fantastic at the time... and unless I read the papers I still would not know I lost the lot..total....never even received a letter from anyone.......some former Directors then re-opened a """good """Harris Scarfe and the original shareholders lost the lot.....one shareholder even invested $200000 on the day they went through...lost hers also I believe...

Therefor I suggest you refrain from recommending where folk should invest their hard earned....and to 'give them a clue'........I'm certain we are all really happy for your investing success's however not everyone in life is in your preferential position....and it can be quite a put down by patronising some folk to suggest they could 'improve' their finances by following your investment leads...

The original question/post asked if anyone had noticed that Wollies was less than competitive of late.....your reply concerning their excellent dividend returns had little or nothing to do with the OP....and it could be considered offensive to tell folk not to complain about costs when all they are really doing is discussing the merits or lack thereof with their fellow travellers...I would have thought this was an important function of this forum....Good luck!....Hoo Roo

Ditto. Further more it is this kind of behaviour that put profit first and ends up costing people. CBA classic example and CEO getting paid in the vicinity of $16m per year.

Sorry Dougwe, it is a bit off topic.

Larry

exa41 · Guru

well back on topic , we use aldi where we can because I am sick and tired of buying fruit from the fresh food people and throwing it out the next day. not all but the majority of good are available from aldi and as said before they forced down prices from the big two.

Papou · Senior Member

You can convince some of the people some of the time but not all of the people all of the time lol. Each to tbier own :), prices are driven to to keep shareholders happy, way of the world nowadays ey.

clarence · Veteran Member

Knightrider wrote:
I'm a share holder of both Woolworths & Wesfarmers and have been for many years and I have made a good income from their shares through dividends, franking credits & trading. My suggestion to non shareholders, who are usually the ones who complain about companies like Woollies, Coles, Telstra & the Banks etc.., is to buy some of their shares and enjoy sharing in their profits. Whinging & complaining will not help you put food on your table or the little extras when travelling. Just a suggestion!!

yes , nightrider i stopped complaining about telstra when i recieved the dividends.

Santa · Guru

Santa wrote:
Over the past few week I've made an effort to compare prices, Woolworths, Kadina, SA are substantially more expensive than the Drake Foodland in Moonta.
Have others noticed Woolies are less than competitive of late?

Looks like there was something to my observations after all, been a lot in the media lately about Woolworth's laggard performance.

Notice the share price has dropped from a high of almost $39 to the current level of just over $26, that's a fall of approx 33%, people that bought at the high would be less than happy at the moment.

This in today's SMH http://www.smh.com.au/business/comment-and-analysis/woolworths-report-card--plenty-of-room-for-improvement-20150625-ghxo9q.html

-- Edited by Santa on Friday 26th of June 2015 01:56:34 PM