The mad bad deals finally come home to roost.. very sad news for the staff, hope new jobs come quickly...watch out DSG the eye is turning...

About time!
This has been coming for years.
Woolworths just sell a massive array of junk and a few overpriced games and CD's along with 1&2p sweets.
How the hell did it last nearly 100years!

Looks like ASDA will try to buy it!

People dont buy full price and more. Everyone needs to wake up to the fact that people shop around for the best price.

You cant sell 10000 of items all for RRP anymore.

This will have a big shock wave.

Right off to the betting shop to but my money on PC World next!

I rang them for a price match last week on COD5... The guy said this....

We are a pc shop so we dont really sell games! Thats why people can beat us on price! LOL

If your not going to sell everything cheap dont sell it! Oh and a little tip if selling it full price dont work after a week sell it for cost! Unless you like that look of Halo 3 at £49.99 2 years later!

I should write a book! LOL

im glad, their own fault, also glad they werent saved by the govenment, since when did the govenment need to help commercial business, they big boys they know the risks they took, they didnt just wake up one monring with 3million in debt ! i hope asda dont buy them, they are the lowest supermarket for games as it is

I remember playing cricket with my best mate when I was about 10 in the aisles of Woolies.

I think I'm correct in saying that their mantra when they started was "You don't have to ask the price - it's a penny' and there you have it - somewhere those two things accidentally stepped into a teleporter and in 'Fly-esque' style becamed combined in a ... Read morehideous hybrid of retail monstrosity.

How can one of the cornerstones of this country's retail foundations have spiralled so uncontrollably into the abyss of administration? Well I'll tell you why.

Fat cat directors, businessmen who run their business from a spreadsheet and give priority to market share rather than profit - arrogantly.

You'd think that in its death throws they'd have pulled out all the stops, the staff would be sweating blood to get the sales and they'd be maximising every ounce of profit they could squeeze out of must have products.

Er, no. £27.99 on Professor Layton when even thick car booters are charging £49.99 on Play.com and attempts to drive consumer spending with vouchers offering 10% off entertainment and a whopping 20% off toy and games - but guess what, the store managers forget to hand out the vouchers.

Some of their staff should be facing trial for murder - the... Read more culpable culling of a retail giant.

850 stores - all prime location - are currently on a gurney waiting for the administrator to apply the defibrialator and steer them away from the light leading them to retail heaven, hopefully they're not preparing to carve them up and donate the organs to souless corporate organ harvesters like Asda and Tesco who'll just pour more misery on the economy as they assimilate their competition like Borg.

Retailer and consumer alike should fear that this is the tip of the iceberg for the economy because as the Leviathon which is the supermarket are just counting down the doomsday clock until they become a dictatorship to suppliers and they can wave goodbye to giving you stuff for next to nothing - because you'll be hooked and their crack habit marketing will ultimately leave you with no option but pay the exorbitant price of no longer having a choice.

Yes Woolies became a down-market shop that looked like a market stall but was more expensive. But surely part of the reason for their demise is the growth of online coupled with their down-market 'out-of-touch' image. Would anyone even think of ordering online from Woolies I wonder. Havign said that, I never found what I was looking for on their online shop and rarely did price comparison sites flag their site up either. Brand, image, losing touch with buyer behaviour and lack of the right product at the right price have all played a role in this demise. It's abit like how M&S were.
Now, if you want to hear about the future come to the Funding & Investment Summit on 5th December focused on online casual games, MMOs and virtual worlds. www.fundingsummit.co.uk

at the end of the day, i feel sorry for all the staff

I feel slightly sad about this news, especially for the staff involved. I grew up with Woolies and Our Price and I'm sure many others felt an affinity towards the brand. They used to do some really good stuff - especially the children's clothes 'ladybird'. Trouble was whenever I went into my local store over the last 5 years it was organised chaos - stuff crammed in, packaging in the aisles etc. Never an upmarket shopping experience and with the supermarkets selling more and more of their lines and the change in shopping habits they had no USP. Blame the directors for poor leadership - yet it will be the shop staff who will suffer the most. No big pay off for these guys!

30,000 staff who may be out of a job in Jan, that is the sad story here, not something to gloat about!

It's sad to see it go but it really has lost touch, whomevers fault it is. I just feel remarkably sorry for the staff.

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