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Monday, June 15, 2009

Woolworths Mark II?

The ex CEO of Woolworths, Sir Geoff Mulcahy, is working with a yet to be named group which plans to create a chain of 200 "Woolworths-style" stores.

The group wants to buy some of Woolworths' vacant stores, and hopes to raise between £5M-£10M from private investors.

Those of you who want to suggest a name for the group may do so via Twitter.

There may well be an opportunity here, if Woolworths II learns the lesson from the failure of the original Woolworths; namely, selling crap in poorly laid out stores that can be bought elsewhere for less is not a recipe for success.

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