Thursday 11 December 2008

Woolies-Beginnining of the END

Sad-especially for the staff!
clipped from news.bbc.co.uk


Woolworths closure sale to start



Bargain hunters are expected to flock to Woolworths branches later as a store closure sale starts at all its 815 outlets across the country.

In what looks like the beginning of the end for the retailer, its administrator Deloitte has said that some shops could close for good by the end of the year.

Woolworths branch
Bargain hunters are expected to flock to Woolworths

Deloitte is also due to consult with Woolworths' 30,000 staff over the possibility of redundancies.

Talks over the sale of the leaseholds of individual stores are continuing.

It is thought that Sainsbury's, Asda, Tesco, the Co-op and discount chain Poundland are still interested in picking up some of the retailer's prime sites.

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