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Woolworths launches 50% price cuts

Friday 5-Dec-2008 9:39 AM Readers go on the bargain hunt...

41 Comments

Fears that Woolworth's recent plunge into administration would create a spontaneous price war has come to fruition, as the troubled UK retail outlet will today begin slashing all its stock prices by up to 50 percent.

Last week the retail chain fell into administration following prolonged poor financial performance in the face of global economic difficulty.

At that time numerous commentators feared that the retailer's competition would ultimately suffer from this, as Woolworths' administrators attempt to boost turnover with less of a focus on strategic pricing and more of an emphasis on removing stock and boosting turnover before the store gets acquired by another company.

Woolworths' administration group Deloitte has now revealed that it will be making dramatic (even unprofitable) cuts in its stock as of today, leaving the competition with the dilemma of either cutting their own costs or loosing business. Both actions seem unhealthy for retailers as the most crucial period of such a trying year is upon them.

"We anticipate increased footfall in the stores and have hired additional staff to cope with increased demand. Additional goods have been moved to all stores and further stock will be added in the coming days," Deloitte told MCV in a written statement.

"There is continuing interest in the core Woolworths business and the Sale will continue whilst potential buyers finalise their plans for the purchase of the business."

Article supplied by Edge-Online

Have you been been down yet? Or the missus? Spot anything worthy? Let your fellow readers know below.

Edge-Online

// Interactive

Share this article:

The woolies next to me have decided to slash the price on nearly everything, and put up all these offers for 3 for 2 etc..

BUT, they have not touched the prices on videogames.

Xbox and PS3 games are still a rip off.
Il keep checking though, il bag loads if they knock 50% off.

ileatyoualive on 5 Dec '08

I'm going Christmas shopping tomorrow, I know where I'm going �_�

minignaz on 5 Dec '08

Dammit - my local Woolworths shut down at the beginning of the year. Still, if ileatyoualive is correct, it doesn't matter all that much - I want cheap games.

_Marty_ on 5 Dec '08

50% off pick'n'mix, let the good times roll!

jamieleng on 5 Dec '08

PS3....hello!

nicostorm on 5 Dec '08

We went to Woolies last weekend and it was a f*cking nightmare. As if it wasn't pikey enough to start with (I don't know if that's just the ones we have round here or a chain thing), the price cuts mean that everyone is in there with their hordes of snotty brats, pulling things off shelves and just leaving them wherever they fall - the adults AND the kids.

The brief time I was in there - and I had to leave before I killed someone - I didn't see any game price cuts.

Dajmin on 5 Dec '08

PS3....hello!

PS3: Hello to you to.

jamieleng on 5 Dec '08

hahaha you're so right and I totally understand you wanting to kill people in there. i avoid shopping at all costs for those very reasons.

shellster2 on 5 Dec '08

Just been to woolworths no such deals on consols or games 10% max Crying or Very sad

adders01 on 5 Dec '08

We went to Woolies last weekend and it was a f*cking nightmare. As if it wasn't pikey enough to start with (I don't know if that's just the ones we have round here or a chain thing)...

It's a "chain thing" Sad

Cue line from "Snatch" - "I f*ckin' hate Pikies"

Random Hangman on 5 Dec '08

Its totally fake. There is just 10% off most products including all the consoles and games.

sikent on 5 Dec '08

Aye, only 10% on games and consoles.

creamerybutter on 5 Dec '08

leaving the competition with the dilemma of either cutting their own costs or loosing business.

Erm....

kimoak on 5 Dec '08

Its only 10% off games at the moment at my local anyway,i was hoping to get a PS3 at half price along with the Godfather trilogy on Blu Ray,i can dream.

o Raging Bull o on 5 Dec '08

I was at Woolies yesterday Christmas Shopping Evil or Very Mad

but there was noting knocked off the games, I looked at all formats too and as for Wii Games they are charging crazy prices! No wonder they're going bust! I would greatly appreciate a PS3 price cut though as my Fiance� would be over the moon with that!

KLMOSS on 5 Dec '08

i've been to 2 woolies this morning (Ashford and Folkstone) and i cant see much difference from last year sales wise and i agree with some of the above posts it is full of pikey kids and chavvy mums if woolworths is bought out its gonna need a serious facelift(just leave the pick n mix alone)

dangermou5e on 5 Dec '08

Just back form Woolly Woof's and grabbed the following:

Animal Crossing Wild World Wii, COD WoW 360, LIPS 360, Banjo Kazooie 360 and Wii Music for �47.50 HAHAHAHAHAHAHAHAH...

Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...Oh what a wonderful Christmas...

(((*_*))) Thank you Woolworths - A Pleasure to deal with - (((*_*)))

dragontorc on 5 Dec '08

No way?! Lunch time cant come quick enough, i need to go check my local one out again.

ileatyoualive on 5 Dec '08

this is bulls**t been in there today and certain items have been cut by 10% but its very limeted.

Please dont get peoples hopes up like this

spud-o on 5 Dec '08

@ dragontorc,

yeh what a load of bull.

But I do hope they slash some prices on videogames!

stedman on 5 Dec '08

Even if every one of those items was 50% it would still be significantly more than that. The guy is either full of sh*t or the moron sales assistant rang it up wrong.

Also, who would willingly buy Wii Music? Clearly bull. Smile

_Marty_ on 5 Dec '08

Everythings gotta go at Woolies but as of now the sales are terrible even with the 10%.

greenhell on 5 Dec '08

Mr dragontorc or whatever your name is, you could not talk more out of your bottom if you tried. All those games for 47 pound? p**s off mate. and how should i know? i work at woolworths in huntingdon and i can tell you for a FACT that all games hardware and software are at 10% off. the only items which are 50% are cards and some gift items. so please go and spread your s**t somewhere else.

DouggyMc on 5 Dec '08

DO NOT GO TO WOOLWORTHS! I went in, expecting 50% off - apparently, there's 10% off video games but the prices are still RRP (Full Price!)

I had to fight through single mothers, an Asian lady who had no manners at all and dole-**** just to get there.

locky_uk_2000 on 5 Dec '08

Hi DouggyMc... Sorry about the "It's a chain thing" comment earlier... I was only referring to the customers Embarassed

Random Hangman on 5 Dec '08

We went to Woolies last weekend and it was a f*cking nightmare. As if it wasn't pikey enough to start with (I don't know if that's just the ones we have round here or a chain thing)...

It's a "chain thing"

Cue line from "Snatch" - "I f*ckin' hate Pikies"

Dags, do you like dags?

50L1D_5NaK3 on 5 Dec '08

I'm glad others have made the same comments - only TEN percent off games - complete BS.

Unless you planned to buy a console bundle there is NO point going there at all - it's cheaper online..

The_Johnson on 5 Dec '08

LOL!

...and the matchign cushions in the perrywinkle blue!

Random Hangman on 5 Dec '08

I used to work with this bloke,he was going around quoting Snatch to everyone"Ducks,do you like Ducks"

We tried telling him,he wouldnt believe us.

o Raging Bull o on 5 Dec '08

i've not long been up your way got very drunk in cromwells my mate lives in a flat near the george hotel(i,m from the south coast)

dangermou5e on 5 Dec '08

Buy one pick and mix bag get one free.

Peace and love man, peace and love.

philgreaaaaaaaat on 5 Dec '08

Went today...10% off...

I found one 50% off item...Pictionary...no thanks

Even with the 10% off I could still pick up the games and blu rays cheaper else where

I guess they aren't too bothered about reclaiming some of the money

lotus-excel on 5 Dec '08

As people say, no wonder they went out of buisiness. Good riddance to overpriced crap.

Just Tesco and Asda to go now Smile

Cartoon Head on 5 Dec '08

yes i agree tescos next - that is one shop i hate, full of tat and so many people...

ill shop online and have it delivered, play.com and hmv.com are both great for service and free delivery
Goodbye woolworths

dazza074 on 5 Dec '08

This message is not being displayed because the poster is banned.

wiiboy101 on 5 Dec '08

I like how people are saying stuff along the lines of "Yeah I can't wait for Tesco to die, I'll buy my stuff from play and HMV!!"
Where will you order food from, morons? Or do you all survive by eating the plastic wrapping from the games you bought �3 cheaper online?

Owens on 6 Dec '08

I've been in twice. All games are 10% off and most of them were �39.99 (which ends up at about �36). You can get cheaper than that on most of the newish releases.

Pick and Mix is only 20% off.

It's good for cheap(er) Christmas presents though.

Wriggy on 6 Dec '08

If you lie, Santa won't bring you that real copy of Wii Music you always wanted

lotus-excel on 6 Dec '08

This message is not being displayed because the poster is banned.

wiiboy101 on 7 Dec '08

this is b******s, i went in there and apart from all the scutty teenage pregnancy failures wrecking the place, all the games were a hell of a lot more expensive than anywhere in the high street. it seems as if woolworths have put all their prices up rather than down

Willforbes on 7 Dec '08

ha im glad you brits dont have penny to your name

kill a brit on 11 Dec '08

Read all 41 comments