Woolworths – Streatham High Road
by MattBrown Posted on January 21, 2009 at 5:41pm
After much vaunted media coverage – putting Streatham High Road on the map literally by putting it on the news, covering the closure of Woolworths.
I drove past the building this morning, and it’s now a 99p Store – Everything in the Store 99p. Classy.
Must see if they’ve managed to forget a couple of 360 games in all the pandemonium; I would like CoD4 and GoW2 please.
When VAT dropped to 15% I wondered what these thrift stores would do, and this one is opting to simply take an even lower margin.
Simple calculation:
99p minus it’s inclusive 17.5% VAT = 84p
99p minus it’s inclusive 15% VAT = 86p
2p in the £ is a lot when everything is 99p, wonder how long it’ll be before the inevitable slide occurs and it become the World’s Biggest Subway!