Woolworths turnover for 2007 was of the very close order of £2.17 billion. Their closure was ironic really, given that the massive publicity meant 2008 would have been a record year.
You need to claim your share of this bonanza!
It represents 2% of the total food retail business through all stores in the UK. And considerably more in areas of the country where they were dominant. They had major shares of many markets - such as toys where they had 14%.
The core to their business, Home Entertainment represented nearly half of this Although the Woolworth model stretched right from DVD's to Games and Puzzles. However, other areas such as home textiles and childrens clothes - were also destinations.
Where wil this business go in the future? Storecheck bring unique insights drawn from 3 years of working with Woolworths store by store epos data AND the experience of John Leventhall. Head of Woolworth Planning - who knew more than anyone the range that made profits - and the tail that did not.
Shoppers, as well, are only just waking up to the problems they face. Have a look at the Vox Pop from Didcot Woolies and see what these are. (Video on the right)
The shoppers all reported that they had little idea of where they wuld go next However (and this is supported by exit interviews), they all recognised they would either have to travel further to get what they wanted, Or they would turn to their local grocer. In this case Sainsbury.
For Retailers this represents a real opportunity to;
Extend your current catchment area
Extend your current range - initially in areas where you can lock in known demand
Improve your footfall - Storecheck can identify ex-Woolies customers and bring them into your door with e-mail/Direct Mail.
For Manufacturers this represents a problem, exchanging one very large retailer for perhaps a range of others - and let's not forget the Internet here. Maximising sales means working with new retailers to get the right range into the right places.
If you are a retailer - Storecheck have exhaustively analysed Woolworth catchment areas to give you access to the business that is either up for grabs, or may be up to be lost. And then we can deliver for you a minimum credible ranging to cover 80% of the sales with 20% of the range.
Click Here - if you are a group or independent retailer. See how much additional revenue one of your stores might get from the closing of your nearest store(s)
If you are a manufacturer - then we can identify for you the new stores that will be critical for you in picking up the issing revenue. Then we can deliver for you proposals for new retailers that tell them exactly the business looking for a home
Click here to get a vision from us on how manufacturers can make up the missing millions, and retailers can improve their range with inside information from the UK's only High St general retailer.
What Woolworths ex customers say.
Retailers wanted to benefit from this potential Bonanza
CLICK HERE to find out how you much a single store might attract.
