Lord Of Pies Posted November 27, 2008 Well with Woolworths collapsing, odds are that they are going to sell off all their remaining stock at cheap prices, in an attempt to pay the creditors, so I reckon that really cheap Lego is coming soon, with over 50 percent off hopefully! Although Woolies is the only Lego shop near me so it is quite annoying that it will close. Share this post Link to post Share on other sites
Siegfried Posted November 27, 2008 Wow! I wouldn't be counting on a sale though, for one read this story, and secondly, sales will just kill the company when they want to keep it going so they can sell it off. Circuit City in the USA is going through a similar process. Share this post Link to post Share on other sites
SirNadroj Posted November 27, 2008 I'm not surprised in this economy. Let's just hope the stores we like, if they file bankruptcy, file Chapter 11 and not Chapter 7. Share this post Link to post Share on other sites
rriggs Posted November 27, 2008 I'm not surprised in this economy. Let's just hope the stores we like, if they file bankruptcy, file Chapter 11 and not Chapter 7. Sorry, you'll have to explain for those of us not conversant with the laws of the new world what the difference between c11 and c7 is... Cheers Rog Share this post Link to post Share on other sites
Siegfried Posted November 27, 2008 Sorry, you'll have to explain for those of us not conversant with the laws of the new world what the difference between c11 and c7 is... From what I know, remembering that I'm not a US type... Chapter 7: Liquidation. Everything is closed down, and assets are sold off ASAP, often in 4 months or less. Generally done if the bankruptee has nothing worth selling and wants to move on. Chapter 13: Reorganization. This is what Circuit City and Woolworths are doing. (Although it's the UK equivalent for Woolworths.) Administrators come in and try to re-organise the company and strip the dead weight away. It can take years, but many companies survive this, and as long as it lasts it's business as usual. Share this post Link to post Share on other sites
brickzone Posted November 27, 2008 As far as I know, it's only in the US that bankrupt companies can do that thing of pretend they are operating normally and try to restructure. In the UK, as far as I know, Woolies is now in administration - i.e. folks who will divvy up any assets among any creditors (and indeed staff owed wages). So they will likely be cutting prices (though maybe only as much as needed to shift the stuff) in order to convert all the existing stock to hard cash. Personally I will shortly be doing some very cheap shopping north of the border here in Ireland to take advantage of the weak pound, and there are sales on top of that. E.g. Argos have the Agents underwater set for £20 (that's about €24), and I spent €52.50 (albeit with free €5 gift voucher) here last month for that set, which was on sale even then (was €60). More fool me, but I'll be looking out for bargains on other sets (although I don't intend to get much, considering I want to get many 2009 sets and want to be careful with my money due to the current climate). Apparently Tesco here in Ireland have 25% off all Lego too... but if they have the same deal in the UK I'll just wait till my trip up North. For some items people are making savings of 40-50% by shopping up there! I've no moral problems with supporting jobs in the north of the country (even if it is in a different State) and paying less to the same UK retailers as we have down here who have fleeced us for so long. Share this post Link to post Share on other sites
Siegfried Posted November 28, 2008 As far as I know, it's only in the US that bankrupt companies can do that thing of pretend they are operating normally and try to restructure. In the UK, as far as I know, Woolies is now in administration - i.e. folks who will divvy up any assets among any creditors (and indeed staff owed wages). So they will likely be cutting prices (though maybe only as much as needed to shift the stuff) in order to convert all the existing stock to hard cash. Well my knowledge of UK bankruptcy law is even worse than my US so I'll have to take your word for it! (I have heard though that the UK doesn't even use the term "bankrupt".) Share this post Link to post Share on other sites
pr0visorak Posted November 28, 2008 There might be a sale but I highly doubt it though... Share this post Link to post Share on other sites
timbutnice Posted November 28, 2008 Well there IS a sale of sorts going on - I bought the Coastguard Helicopter for £25 yesterday from Woolworths. Although it was marked as £35 on the price sticker, it was £25 at the till. On Monday Woolworths removed all their Lego and other toys from their website, but right before they did almost all the Lego was a good 1/3rd off - I assume that these prices carried on into the stores, but the price labels weren't updated. Weirdly, the V-19 Torrent was priced at 49.99 and 37.something on different shelves in the store I was in. cheers, timbutnice Share this post Link to post Share on other sites
pr0visorak Posted November 28, 2008 Well there IS a sale of sorts going on - I bought the Coastguard Helicopter for £25 yesterday from Woolworths. Although it was marked as £35 on the price sticker, it was £25 at the till. On Monday Woolworths removed all their Lego and other toys from their website, but right before they did almost all the Lego was a good 1/3rd off - I assume that these prices carried on into the stores, but the price labels weren't updated. Weirdly, the V-19 Torrent was priced at 49.99 and 37.something on different shelves in the store I was in. cheers, timbutnice Really! That is quite a discount... Share this post Link to post Share on other sites
Cardinal Brick Posted November 28, 2008 It looked like most of their Lego was gone when I went in yesterday, though there seems to be some hope now that the company might keep going till after Christmas if the news this morninig is to be beleived. Persoanlly I'm a bit unhappy as nowhere else that I can get to where I live now will stock Lego. Though as I'll be back in London full time after Christmas I guess it'll just mean more of my cash go directly into the Lego store. Share this post Link to post Share on other sites
timbutnice Posted November 28, 2008 Well I went to a different Woolies this evening on the way home from work, and found a 7298 Dino Air Tracker for only £20. Can't remember what it was back in 2005, but that's at least 50% off. Not much else left in the way of Lego - I guess they won't be restocking now cheers, timbutnice Share this post Link to post Share on other sites
The Rancor Posted November 28, 2008 Well I went to a different Woolies this evening on the way home from work, and found a 7298 Dino Air Tracker for only £20.Can't remember what it was back in 2005, but that's at least 50% off. I've got it here, I believe it was £50 brand new. Share this post Link to post Share on other sites
Bricklanta Posted November 29, 2008 What did Woolworths sell? Is it like Wal Mart or Target? Sorry, I live in Georgia. Share this post Link to post Share on other sites
simonjedi Posted November 29, 2008 I think its the UK version of Target, Wal-mart is ASDA. I went to see what i could get, they said up to 1/2 price on all lego. but most of the sets the had either had no discount or at the most £% off. Share this post Link to post Share on other sites
Big Pete Posted December 1, 2008 The Woolies I went to had mostly Mega Bloks in the place where the Lego shoulda been :( Share this post Link to post Share on other sites
simonjedi Posted December 5, 2008 Woolworths now have up to 50% off everything now. when I went this afternoon it was 20% off Lego, which is at least a saving. Share this post Link to post Share on other sites
Pencoin Posted December 5, 2008 Well I hope Woolworths dies...and painfully . Share this post Link to post Share on other sites
SirNadroj Posted December 5, 2008 From what I know, remembering that I'm not a US type...Chapter 7: Liquidation. Everything is closed down, and assets are sold off ASAP, often in 4 months or less. Generally done if the bankruptee has nothing worth selling and wants to move on. Chapter 13: Reorganization. This is what Circuit City and Woolworths are doing. (Although it's the UK equivalent for Woolworths.) Administrators come in and try to re-organise the company and strip the dead weight away. It can take years, but many companies survive this, and as long as it lasts it's business as usual. Yup. Though I think you mean 11 and not 13. I think; I'm not totally saavy on this type of stuff. Share this post Link to post Share on other sites
Lord Of Pies Posted December 5, 2008 (edited) Well I hope Woolworths dies...and painfully . Why, may I ask? Woolworths has been going for over 100 years, it will be sad to see them go. Also think of all the job losses. Edited December 5, 2008 by Lord Of Pies Share this post Link to post Share on other sites
Skinny Boy Posted December 5, 2008 Well I hope Woolworths dies...and painfully . I agree, slightly. Serves 'em right for not staying in ROI. Share this post Link to post Share on other sites
Joey Lock Posted December 6, 2008 I thought the same thing until I realised. Woolworths is just like Marks & Spencer and Harrods. They all will never ever backdown from selling items at the RRP...Marks & Spencer and Harrods have reasons because they are supposed to be top stores. Woolworths arent like that but they will never have more than 1 Set of each theme lowered by £10... Share this post Link to post Share on other sites
Pencoin Posted December 6, 2008 Why, may I ask? Woolworths has been going for over 100 years, it will be sad to see them go. Also think of all the job losses. Overpriced, no LEGO, trickery, cons, having to buy exclusives, Megabloks... Alot of reasons! Share this post Link to post Share on other sites
The Rancor Posted December 6, 2008 It seems as if we're lacking a store like Target. We've pretty much only got TRUs (Unless you're near the pitiful number of locations of Lego Stores, which I'm almost as far away in the Uk as possible!) I haven't been into Woolworths lately, but I agree, everything's always overpriced, except the sets no one ever wants. When the Woolwrths exclusive Droid Gunship came out in the summer, I had to fork out £34.99 instead of £24.99 (Didn't know price then) By the way, as a sidenote, my TRU is full to bursting with Lego on the shelves (some very old, like Jayko the knight action figure ) My hopes aren't too high for any pre-2009 releases! Share this post Link to post Share on other sites
SlyOwl Posted December 7, 2008 I checked a Woolworths last weekend, and all sets were full price (they only had City, Bionicle and some Exo-Force) However, they did have 7998 Heavy Hauler at half-price (£17.49), although it's half-price just about everywhere, so nothing special there. Share this post Link to post Share on other sites
