Saturday, 30 May 2009

Penny Pinching

We all know that the economies of the world are in melt down. But this brings home the reality of how things are affecting people.

A Pound World store in Poole, in Dorset, had to shut its doors recently, following a massive slump in sales. Not unusual you might say, given the number of stores that appear to be closing their doors on a daily basis.

However, this story takes its shocking turn when you find that the reason for the slump in sales was the opening of a 99 pence store nearby. (Seemingly, across the road)

It is amazing to think that people would literally change their shopping habits, just to save a single penny!
What lessons might the bigger chain stores learn from this by cutting their prices - even by the smallest of margins!

2 comments:

  1. That's quite funny actually (in a completely non-funny kind of way). I dislike copper so much that I'd be more likely to shop at the pound store than the 99p store.

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  2. but why go there when you can shop at tesco ...buy one, get 6 free! (But really - you only waned 1!)

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