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...radical thought...stick to RETAILING
If I was a shareholder I would care. This is mildly interesting...
-
-
- 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
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add WOW (ASX) to my watchlist
|
|||||
Last
$34.30 |
Change
-0.530(1.52%) |
Mkt cap ! $41.90B |
Open | High | Low | Value | Volume |
$34.54 | $34.60 | $34.18 | $66.40M | 1.935M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23 | $34.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.32 | 11231 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 116 | 34.250 |
2 | 516 | 34.200 |
1 | 15 | 34.180 |
1 | 1000 | 34.170 |
2 | 1040 | 34.150 |
Price($) | Vol. | No. |
---|---|---|
34.400 | 712 | 3 |
34.420 | 1000 | 1 |
34.430 | 729 | 1 |
34.640 | 54 | 1 |
34.700 | 909 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
WOW (ASX) Chart |