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
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
(20min delay)
|
|||||
Last
$29.35 |
Change
0.150(0.51%) |
Mkt cap ! $35.67B |
Open | High | Low | Value | Volume |
$29.35 | $29.51 | $29.31 | $8.639M | 278.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 977 | $29.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.35 | 437 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 913 | 29.310 |
10 | 9826 | 29.300 |
6 | 1980 | 29.290 |
2 | 1000 | 29.280 |
6 | 1279 | 29.270 |
Price($) | Vol. | No. |
---|---|---|
29.330 | 317 | 2 |
29.340 | 1378 | 6 |
29.350 | 2470 | 9 |
29.360 | 1225 | 3 |
29.370 | 1404 | 4 |
Last trade - 10.33am 15/11/2024 (20 minute delay) ? |
Featured News
WOW (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online