Woolworths was NOT a diverse business. It was a retailer that sold a diverse range of products under one roof. A diverse business would include a range of different (possibly) unrelated services, for example, a holding company that has a portfolio of engineering, retail, financial and construction companies would be diverse.
Everyone knew that you could buy better quality elsewhere (I could argue that a Paul Smith suit is better quality than an M&S one) but that wasn't the point of woolies. They attracted a certain demographic of customer. The business started to fail as a result of supermarkets and out of town outlets that were selling similar products cheaper, this meant that profits dropped, debt accrued and they could no longer afford to service them. Sent from my iPad On 19 Jan 2012, at 13:25, "Ian Murray" <[email protected]> wrote: > Maybe bad example, but I disagree with you entirely. Woolworths was diverse - > what did it sell:- > > Clothes - better in MnS > Music - better in HMV > Lottery - better at any newsagent > Sweets - see lottery > Tools - better in homebase > Plants - better in blood b n q > Kitchen equipment - Argos > > In other words - it wasn't the first place you'd go for any of the above and > why it failed. > > It is plain wrong to suggest that the only football related asset is from > punters through the match day door. Merchandise, TV money and, yes, prize > money dwarf the revenue available available from Dave bloggs holding a bridal > wear exhibition, and all are directly dependent on success on the pitch. How > does the business maximise the chances of success on the pitch? By investing > in it's playing staff. The rest follows - which is my entire point. > > Now, I am sure that Bursa will say something Ridsdale related at this point > (which is just lazy). I am not and never have advocated that sort of > spending. But it would be nice to sign the odd player every now and again, > and retain the services of our existing performers. Don't you think? The only > senior player who has re-signed under Bates is one Luciano 'El Burro' > Becchio. Case rested. > > > Sent from my iPhone > > On 19 Jan 2012, at 13:01, Chris Briggs <[email protected]> wrote: > >> <snip> You don't go to Dixons to buy a bunch of fucking bananas <snip> >> >> Perhaps if you could DSG wouldn't keep issuing profits warning. Woolworth's >> wasn't a diverse business, it was a retail business that sold a diverse >> range of household goods. >> >> Diversification is necessary in football, just as it is in other sports, a >> football ground is only used for matches approx 7% of the year, the upkeep >> of the stadium is required for all of the year. Not using it for other >> purposes would be stupid. >> >> Name any other business that uses its main identifiable asset so >> infrequently without seeking alternative revenue streams. >> >> Just as match day and season ticket revenue goes into running peripheral >> business opportunities it will also work in the other direction. >> >> >> _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
