If I was a shareholder I would care. This is mildly interesting to observe even as a non holder.
I don't see a problem with a private business choosing what it can sell (or not sell) in the same way customers are free to shop where they choose.
But there is a fiduciary duty for a company to do the right thing by it's shareholders. Which may be not selling unprofitable merchandise, fair enough.
But antagonizing a segment of the customer base for no reason is not doing the right thing by shareholders as I cannot think of a single circumstance where for this business, it will result in an overall gain in profit. People shop at supermarkets based on need, price and convenience. I highly doubt even a hypothetical Australia day hater who somehow loves woolies did this is going to run out and buy more food they won't eat.
They cannot even make the argument it's a sneaky guerilla marketing campaign, it just does not make logical sense. Did they pay for the multi-page ads they've taken out across legacy media to proudly proclaim this?
So then the next assumption one would logically make is that this is some sort of ideological thing. I don't actually know if that's true or not, I don't presume to read people's minds...but if people are even wondering that have you done a good job representing your company?
Trying to remain as impartial as possible here and I just cannot think of a way to spin this and make it look good!
- Forums
- ASX - By Stock
- WOW
- WOW...radical thought...stick to RETAILING
WOW...radical thought...stick to RETAILING, page-127
-
-
- There are more pages in this discussion • 273 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WOW (ASX) to my watchlist
|
|||||
Last
$34.17 |
Change
0.240(0.71%) |
Mkt cap ! $41.77B |
Open | High | Low | Value | Volume |
$34.11 | $34.25 | $34.07 | $4.814M | 141.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 986 | $34.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.19 | 1010 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 745 | 34.150 |
10 | 1127 | 34.140 |
7 | 1052 | 34.130 |
4 | 1018 | 34.120 |
3 | 798 | 34.110 |
Price($) | Vol. | No. |
---|---|---|
34.170 | 1053 | 9 |
34.180 | 1248 | 7 |
34.190 | 1108 | 6 |
34.200 | 910 | 4 |
34.210 | 1158 | 4 |
Last trade - 10.47am 12/08/2024 (20 minute delay) ? |
Featured News
WOW (ASX) Chart |