Menu
17/12/2008
Woolworths Stores 'To Be Closed By Early January'
Administrators have confirmed that troubled chain Woolworths will close its doors for good next month, after almost a century of High Street trading.
The first of the 807 stores are due to close on December 27, and all 27,000 permanent and temporary staff will all lose their jobs.
Administrators Deloitte have failed to find a buyer for the business, and staff were informed this morning of the closure timetable in an email from head office.
The official closing date of the iconic brand, which traded for 99 years, was announced as 27 December. However it is understood most staff are due to finish up on Christmas Eve.
Remaining stores will close their doors by 5 January.
Last week shoppers flocked to Woolworths stores throughout the UK and cleared shelves of goods at a closing-down sale following a failure to find a buyer for the struggling firm.
The administrators said that while there was still interest in parts of the business, they admitted they had "not come close" to finding a buyer for the firm.
Neville Kahn from Deloitte said that an extra 50 million items would be delivered to Woolworths stores and bigger discounts - some of more than 60% - would be offered to get rid of remaining stock.
Shop windows will also display a countdown showing how much time is left before the store will close, he added.
Staff will be retained for a few days following store closures.
(JM)
The first of the 807 stores are due to close on December 27, and all 27,000 permanent and temporary staff will all lose their jobs.
Administrators Deloitte have failed to find a buyer for the business, and staff were informed this morning of the closure timetable in an email from head office.
The official closing date of the iconic brand, which traded for 99 years, was announced as 27 December. However it is understood most staff are due to finish up on Christmas Eve.
Remaining stores will close their doors by 5 January.
Last week shoppers flocked to Woolworths stores throughout the UK and cleared shelves of goods at a closing-down sale following a failure to find a buyer for the struggling firm.
The administrators said that while there was still interest in parts of the business, they admitted they had "not come close" to finding a buyer for the firm.
Neville Kahn from Deloitte said that an extra 50 million items would be delivered to Woolworths stores and bigger discounts - some of more than 60% - would be offered to get rid of remaining stock.
Shop windows will also display a countdown showing how much time is left before the store will close, he added.
Staff will be retained for a few days following store closures.
(JM)
Related UK National News Stories
Click here for the latest headlines.
27 November 2008
Woolworths Enters Administration
High Street retailer Woolworths has entered administration, leaving thousands of jobs at risk. The chain, which has 815 stores in the UK and employs around 30,000 staff, had been struggling with debts totalling £385 million.
Woolworths Enters Administration
High Street retailer Woolworths has entered administration, leaving thousands of jobs at risk. The chain, which has 815 stores in the UK and employs around 30,000 staff, had been struggling with debts totalling £385 million.
31 March 2015
Up To 60 B&Q Stores To Close
Up to 60 B&Q stores are to close in the UK and Ireland over the next two years. The news was confirmed by the owner of the DIY chain, Kingfisher, on Tuesday. However, it added that it plans to open 60 new outlets under its Screwfix brand.
Up To 60 B&Q Stores To Close
Up to 60 B&Q stores are to close in the UK and Ireland over the next two years. The news was confirmed by the owner of the DIY chain, Kingfisher, on Tuesday. However, it added that it plans to open 60 new outlets under its Screwfix brand.
08 January 2015
Tesco To Close 43 Unprofitable Stores
Giant retailer Tesco is to close 43 unprofitable stores across the UK. The firm has also shelved plans to build 50 new stores. Group sales for the 19 weeks to 3 January 2015 declined by 0.6% at constant rates, including fuel and 1.0% excluding fuel. At actual rates, sales declined by 1.9% including fuel and by 2.3% excluding fuel.
Tesco To Close 43 Unprofitable Stores
Giant retailer Tesco is to close 43 unprofitable stores across the UK. The firm has also shelved plans to build 50 new stores. Group sales for the 19 weeks to 3 January 2015 declined by 0.6% at constant rates, including fuel and 1.0% excluding fuel. At actual rates, sales declined by 1.9% including fuel and by 2.3% excluding fuel.
12 December 2013
All Remaining Blockbuster Stores To Close
All remaining Blockbuster stores are to close after the DVD and games rental business failed to attract a buyer. The announcement comes after the rental chain confirmed it had entered into administration for a second time in October 2013.
All Remaining Blockbuster Stores To Close
All remaining Blockbuster stores are to close after the DVD and games rental business failed to attract a buyer. The announcement comes after the rental chain confirmed it had entered into administration for a second time in October 2013.
14 November 2013
Blockbuster To Close 72 Stores Affecting 452 Jobs
Seventy-two of the UKs 264 Blockbuster stores are to close with the loss of 452 jobs, it have been announced.
Blockbuster To Close 72 Stores Affecting 452 Jobs
Seventy-two of the UKs 264 Blockbuster stores are to close with the loss of 452 jobs, it have been announced.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
