It’s good to see Woolworths executive Dave Chalmers in the AFR this morning finally fessing up to some of the company’s woes. Most of the focus until now has been on stemming the losses from Masters, but Woolies has plenty of problems in its core supermarkets business too. When the New Zealander turned up in Sydney to take on his new role as head of Woolworths Supermarkets, Chambers says he was shocked by what he saw in stores:
Shelves were low on stock, the trolleys had seen better days, floors were in disrepair and customers were forced to queue at the checkout
He’s not joking. My local Woolworths is in a state of disrepair. So bad was it a few weeks ago that I started taking photos with my mobile phone. These are prime display shelves with not a product on them. Boxes are strewn all over the floor and there is not a staff member in sight.
It wasn’t as if I was walking around the store at three o’clock in the morning. This was a Tuesday night at 6:30pm. This next photo is of the most important display shelf in the whole supermarket. Every person who enters the store walks through a small fruit and vegetable section and then down a ramp into the main supermarket. This is what greeted me:
Half price all right. It will be Woolworths shares trading for half price if they don’t get their act together soon. Chambers has $65m set aside to fix the company’s problems. He’s going to need a lot more than that.
Functional cookies Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.