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Friday, 12th March 2010

Rye Woolworths will now close on Tuesday, not Monday

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Published Date: 03 January 2009
Two hundred more Woolworths stores are set to close after being given a one-day reprieve by administrators.
The outlets were due to shut on Friday but Deloitte pushed the closures back a day to give the stores more time to clear their remaining stock.

The final closure deadline for the retailer has also been delayed by a day, with the remaining 200 stor
es now set to close on January 6, including the one in Rye.

A spokesman for Deloitte said: "There are two main reasons for delaying the closures.

"One, stock levels - there's still some stock remaining. Two, workload - it's a big logistical exercise. The remaining dates were delayed to allow time for the final arrangements to be made."

More than half the UK stores have already shut down. At least 150 of the retailer's 807 outlets held their last day of trading on December 30, with everything, including the fixtures and fittings, on sale at discount prices.

The firm's collapse leaves 27,000 workers facing redundancy.

FW Woolworths first came to the UK in 1909, when the American firm opened a branch in Liverpool. Everything in the Merseyside store was sold for sixpence (2.5p), making it an instant hit and the company quickly expanded.

The chain, which outlived its US parent by more than 10 years, was already foundering when the credit crunch and sharp downturn in consumer spending finally toppled it in November.

Deloitte 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.






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  • Last Updated: 05 January 2009 9:44 AM
  • Source: n/a
  • Location: Rye & Battle
 
 

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