FSP Retail Blog
Penny Pinchers
You know you’re in trouble when Pound World gets forced under!
A Pound World store has been forced out of business after being undercut by a 99p chain that opened across the road. Price-conscious customers deserted Pound World in Poole, Dorset, when they realised that the same products were available 1p cheaper on the other side of the street.
Sure 99p is a bargain, but hey, why not go one step thriftier, and just steal stuff? Well people have been, apparently!
Tesco is to put security tags on cheese after an increase in shoplifting during the recession. The metal strips, usually put on alcohol, razor blades and CDs, have been added to everyday items such as Cathedral City cheddar cheese and steak. If the strips are not deactivated at the checkout tills then an alarm is set off.
…It seems every little does help!
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