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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