Newspaper article The Journal (Newcastle, England)

Last Woolworths Stores Close Their Doors

Newspaper article The Journal (Newcastle, England)

Last Woolworths Stores Close Their Doors

Article excerpt

THE last remaining Woolworths stores closed their doors for the final time yesterday.

The closures bring to an end a massive clearance sale which even saw the stores' fixtures and fittings sold off at bargain prices. The collapse leaves 27,000 workers out of work.

The firm's 807 stores have been closing in tranches throughout the final weeks of December after selling off stock, fixtures and fittings at discount prices. The final 200 were expected to close on Monday but administrator Deloitte gave the chain a brief reprieve to shift the remaining stock and allow final arrangements to be made.

Deloitte would not confirm how much money has been raised by the stock sale but many stores have been emptied by bargain hunters.

It has held talks with other retailers to take on the leases of around 300 Woolworths stores and hopes to sell off the Ladybird children's clothes and Chad Valley toys brands. Dragons' Den entrepreneur Theo Paphitis showed an interest in buying parts of the collapsed chain. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.