Tag Archives: woolworths

Iceland snaps up 51 Woolworths stores

Iceland snaps up 51 Woolworths stores Frozen food grocer Iceland has bought 51 former Woolworths stores – and plans to create 2,500 new jobs. According to the BBC, the announcement comes three days after the final 200 Woolworths stores closed their doors for the last time. "We are confident we …

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Woolworths closure was unnecessary

Woolworths’ largest shareholder Ardeshir Naghshineh has called the demise of the retailer unnecessary”, and talked of his frustration over the collapse. Naghshineh has also talked of the terrible shame” of 30,000 people losing their jobs – as administrator Deloitte profits from the retailer’s downfall. He told Sky: "It seems a …

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Woolworths closure delayed

Woolworths administrator Deloitte has announced that the final closure of the retailer’s remaining outlets will be delayed by one working day. The last 200 Woolworths stores were due to be closed today, but will now open on Saturday in order to sell leftover stock. They will now close on Tuesday, …

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EUK failure was ‘too much’ for Zavvi to cope with

The group founding partners of Zavvi have singled out the demise of EUK as having a big part to play in the chain’s going into administration . In a statement released following the news that broke this morning, Simon Douglas and Steve Peckham said: "We have done all that is …

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Zavvi enters administration

Entertainment retailer Zavvi has fallen into administration following the collapse of EUK, auditor Ernst and Young has confirmed. The High Street chain – formally known at Virgin Megastores – has 114 UK stores and employs over 3,000 members of staff. Ernst and Young will now act as administrator for Zavvi …

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Deloitte details full Woolworths closure plans

Deloitte, the administrators looking after the shut down of Woolworths, has this morning sent out a list of all the stores and dating their closure. Stores across the UK start closing on December 27th, with the last stores closing on January 5th 2009. The full list is as follows: Aberdare27 …

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Asda firing on all cylinders after EUK collapse

Asda has claimed that it is buying entertainment stock at the same rate as it did before EUK – its exclusive supplier – went into administration. Asda general manager for music, video and gaming Ferghal Gara told MCV: It’s business as normal at Asda this Christmas thanks to the contingency …

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Woolworths demise robs UK of third largest games retailer

The UK faces losing its third biggest video games retailer in the wake of the Woolworths collapse, representing an annual market value of 137 million, MCV understands. Figures from market analyst firm TNS Global show that sales of video games at Woolworths accounted for 8.2 per cent of the total …

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Bids received for 300 Woolies stores

Woolworths administrator Deloitte has revealed that food, clothing and budget retailers are amongst those that have made bids for 300 of the company’s prime locations. And despite over 500 stores still being yet to receive a firm offer, joint administrator Neville Kahn said today that he was confident Woolworths would …

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Woolworths to slash over 60% off some items

Woolworths administrator Deloitte has revealed that the retailer will start slashing prices on products by over 60 per cent in the lead-up to the New Year. The firm’s Neville Kahn today revealed that over 50 million new stock items – including entertainment and toys – were being shipped into stores …

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