What one small vegetable tells us about the Woolies turnaround.

Intelligent Investor

Independent Financial Research

About 18 months ago, I found myself having problems with the auto-checkout machine at my local Woolies which failed to recognise the weight of one small chilli I placed on the scales. As the red light flashed and the attendant ambled over to me, I realised the entire experience was counter-productive, which is one of the reasons why Aldi thinks self-checkouts are a stupid idea. Expensive labour had to compensate for poorly programmed machines while customers were slowed down, frustrated and humiliated, all presumably to save a few measly shoplifting dollars. Companies that make decisions like this usually fix them quickly. Ones that don’t tend to be monopolists that know they can mistreat their customers because they have no choice. Woolies is not in that fortunate position, and yet it was behaving like it. The groceries market is becoming more competitive, not less, but the company was happy to frustrate customers, almost inviting them to go elsewhere. To read full article, go to : (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment