This post was written by Tim on December 2, 2008
Woolworth’s has established a scheme where over 115,000 of their employees will be allowed to spend up to $1000 at any Woolworths store from their pre-tax income. The spending must take place before 9th January 2009.
Given that the employees are probably pretty loyal, it is questionable if this will boost sales by very much. It is a nice gesture at Christmas time however. I think that the money being dished out by Rudd over the next fortnight is going to give a bigger boost to sales, particularly in Big W.
Tim
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