goldenface
Joined: Dec 17, 2003
Posts: > 500
From: Liverpool City Centre
PM |
Woolworths price cuts worry operators
Box breakers waiting for Woolworths price cuts
The restructuring firm running Woolworths is likely to cut prices on its phones in the run-up to Christmas, prompting fears from operators that their stock in the retailer’s stores will be targeted by box breakers.
Restructuring firm, Hilco, was drafted in by the administrator, Deloitte, to maintain sales through Woolworths’ busiest period, while the administrator searches for buyers for the business.
Meanwhile, operators have tens of thousands of subsidised handsets across the retailer’s 815 stores and are acutely aware they have no means of recovering clawbacks if the handsets are not activated by genuine customers.
One source close to the matter said the retailer could not guarantee its prices would not be cut as the company looks to generate cash.
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Looks like there could be some real bargains in Woolworths this Christmas 
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Posted: 2008-12-04 18:18
