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11/12/2008
Closing Down Sale For Troubled Woolies
Troubled retailer Woolworths is to begin a closing down sale today as administrators said they could not find a buyer for the chain.
Up to 25,000 jobs are now at risk as Deloitte warned some of the company's 813 stores could close before the end of December, as they have so far failed to find a buyer for the struggling firm.
It has been reported Sainsbury's, Tesco, Asda, discount chain Poundland and the Co-op are still interested in picking up some of the retailers stores.
Reorganisation services partner Neville Kahn also said the administrators were making "every effort" to convert interest in Woolworths into firm offers.
Mr Kahn said: "While we are still seeking bids from interested parties, Christmas is clearly the busiest time of the year for retailers and it is prudent to do all we can to sell existing stock.
"By moving to a store closing sale and further discounting the stock, we are maximising the sales potential that this period offers."
Last week Deloitte also announced 450 support operations jobs will be cut at Marylebone Road in London and Castleton in Rochdale.
(JM)
Up to 25,000 jobs are now at risk as Deloitte warned some of the company's 813 stores could close before the end of December, as they have so far failed to find a buyer for the struggling firm.
It has been reported Sainsbury's, Tesco, Asda, discount chain Poundland and the Co-op are still interested in picking up some of the retailers stores.
Reorganisation services partner Neville Kahn also said the administrators were making "every effort" to convert interest in Woolworths into firm offers.
Mr Kahn said: "While we are still seeking bids from interested parties, Christmas is clearly the busiest time of the year for retailers and it is prudent to do all we can to sell existing stock.
"By moving to a store closing sale and further discounting the stock, we are maximising the sales potential that this period offers."
Last week Deloitte also announced 450 support operations jobs will be cut at Marylebone Road in London and Castleton in Rochdale.
(JM)
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28 November 2012
More Comet Closures Confirmed
A further 125 Comet stores will close by the end of the year if a firm offer for the whole business is not made, administrators Deloitte have confirmed. Around 5,000 jobs are in jeopardy. Further stores will begin closing in December with just 70 stores of the original 236 remaining open until final stock is sold.
More Comet Closures Confirmed
A further 125 Comet stores will close by the end of the year if a firm offer for the whole business is not made, administrators Deloitte have confirmed. Around 5,000 jobs are in jeopardy. Further stores will begin closing in December with just 70 stores of the original 236 remaining open until final stock is sold.
05 December 2008
Woolies Launches 'Biggest' Sale, As Search For Buyer Continues
Troubled high street retailer Woolworths is to hold its "biggest ever" sale, as the search for a buyer for the chain continues. Administrator Deloitte said it would slash up to 50% off goods - including toys and greetings cards - in an attempt to clear shelves as it remains in talks with potential buyers.
Woolies Launches 'Biggest' Sale, As Search For Buyer Continues
Troubled high street retailer Woolworths is to hold its "biggest ever" sale, as the search for a buyer for the chain continues. Administrator Deloitte said it would slash up to 50% off goods - including toys and greetings cards - in an attempt to clear shelves as it remains in talks with potential buyers.
08 June 2012
Extra 43,000 Olympic Tickets Released
An extra 43,000 tickets have been made available for some of the Olympic Games's most popular events are due to go on a first come, first served sale. This batch is made up of "contingency tickets", held back until the venues were finished and broadcast and other spaces confirmed.
Extra 43,000 Olympic Tickets Released
An extra 43,000 tickets have been made available for some of the Olympic Games's most popular events are due to go on a first come, first served sale. This batch is made up of "contingency tickets", held back until the venues were finished and broadcast and other spaces confirmed.
03 October 2008
TK Maxx Recalls 'Jackets Sold With Knife'
A high street fashion chain has taken a range of jackets from its shelves as they were sold with a blade attached to the inside pocket. TK Maxx revealed it has removed the Swiss-branded coats - priced at £59 - which it had been stocking because the coats had a 2.5-inch blade attached by a chain in an inner pocket.
TK Maxx Recalls 'Jackets Sold With Knife'
A high street fashion chain has taken a range of jackets from its shelves as they were sold with a blade attached to the inside pocket. TK Maxx revealed it has removed the Swiss-branded coats - priced at £59 - which it had been stocking because the coats had a 2.5-inch blade attached by a chain in an inner pocket.
02 April 2014
M&S To Open 250 Food Stores
Today at Marks & Spencer's Investor Seminar in Paris, the retailer unveiled plans for further international expansion with a focus on opening 250 new stores, growing its Food business and increasing its franchise operations.
M&S To Open 250 Food Stores
Today at Marks & Spencer's Investor Seminar in Paris, the retailer unveiled plans for further international expansion with a focus on opening 250 new stores, growing its Food business and increasing its franchise operations.
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