“Those who fail to learn from the lessons of history are doomed to repeat them.” Didn’t the experience of Bud Light in America ring any bells for Woolworths?
from Cairns News
Transnational financier and stock holding company BlackRock is the major shareholder of Woolworths, followed by, wait for it, Vanguard, followed in third place by Norway’s Norges Bank then Australian Foundation Investment Company.
Woolworths and its Woke board backed by this financial oligarchy, made a big mistake by refusing to stock Australia Day goods for sale on 26 January. This Woke, predatory merchant has suffered for this transgression, underestimating Australian consumers who have deserted its shops in droves. Woolworths shares have crashed 4.47% – that’s around $2 billion wiped off the value of their holding.
Woolworths are responsible almost single-handedly for wiping out Australia’s favourite corner stores.
Not so long ago there were corner stores, family-run fruiterers, butchers, newsagents, grocery shops, cafes, novelty shops, toy stores, florists, hamburger joints and milkbars supporting neighbourhoods in cities and regional areas employing kids after hours and on weekends selling nutritional foods.
Run out of milk? Send the kids on their bikes to fetch a bottle from the corner store. Nowdays your kids probably wouldn’t make it to the shop for fear of being mugged and robbed of their pocket money and their bikes by you-know-who.
In NZ, Woolworths has been trading under the name Countdown since about 2010, but is changing back to Woolworths at the end of this month. —Eds