Tag Archives: woolworths

Woolworths has rubbished reports that it is planning to shut down its retail website. Retail Week reported earlier today that the chain was to stop selling toys online – and that it was eventually planning to take down the site altogether. However, a spokesperson told MCV: Reports that we are …

The company looking to snap up Woolworths for 1 seems to have revised its deal following emergency talks over the weekend. According to The Daily Mail, Hilco still wishes to buy Woolies’ 840 High Street stores for a nominal 1. However, the company is thought to have tabled a last-ditch …

It’s been another eventful day for Woolworths, as the Financial Times labels the company trying to buy the retailer for 1 a ‘scavenger’ – and Woolies’ biggest shareholder spits feathers over the potential deal. Shares in the company plunged to an all-time low yesterday on news of Hilco’s takeover attempt. …

The Woolworths Group has confirmed that it is in talks over a possible sale of its retail business. The firm has not identified potential bidders, but The Times reports that it is considering a sale to turnaround specialist Hilco for a nominal 1. Woolworths, which has been on the High …

EUK has rubbished any suggestion that a troubled relationship with publishers could derail its business – insisting that 95 per cent of suppliers” have pledged their full support to the firm. Speaking exclusively to MCV in a candid interview, EUK managing director Steve Lewis admitted that credit insurers refusing cover …

Asda has asked around 15 of its entertainment distributors to set up direct accounts, should its relationship with Woolworths-owned buying team EUK ‘suddenly deteriorate’. And the supermarket has even admitted that it could be tempted into buying EUK as a last resort. That’s according to Cue Entertainment, which reports that …

MCV understands that UK publishers are increasingly wary of pushing stock through EUK ahead of the Christmas rush – and are considering cutting out the distributor entirely. The mayhem began on September 17th, when the Woolworths Group PLC reported a 100m loss for the first half of the year. Two …

Following a spate of aggressive promotions from the likes of Morrisons, Woolworths and Asda, leading industry figures have urged retail to hold fire on further cuts to new release pricing. With fears over the economy at an all time high, ultra-crowded release schedules and retailers fighting for supremacy, many are …

Woolworths has reported group losses of almost 100 million for the six months to the start of August. Sales for the retail business were 660.7 million in the half-year, down 3.2 per cent like-for-like. The company’s entertainment wholesale and publishing arm – including its BBC Worldwide joint venture 2entertain – …

High Street retailer Woolworths has dropped the price of the Nintendo Wii, selling the console with Wii Sports for 159.99. The offer will stand for only one week, and marks the first time the Wii has fallen from its RRP of 179.99. Woolworths has also cut 20 off all Wii …