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Woolworths stores set for closure | Woolworths stores set for closure |
(9 minutes later) | |
Administrators at Woolworths say that all 807 stores will close by 5 January. | |
The first stores will close on December 27 and all 27,000 permanent and temporary staff will lose their jobs. | |
Neville Kahn said the administrators were still in discussions with a number of parties over Woolworths' retail and wholesale business. | Neville Kahn said the administrators were still in discussions with a number of parties over Woolworths' retail and wholesale business. |
He said 300 stores were under offer from a range of food, clothes and value retailers, who would take over the sites for their own business. | |
Last week bargain hunters began flocking to branches of Woolworths on the first day of a store closure sale at all its outlets across the country. | |
The chain was forced to call in administrators three weeks ago, amid mounting debts and losses. | The chain was forced to call in administrators three weeks ago, amid mounting debts and losses. |
Last week its distribution arm, Entertainment UK, made 700 staff redundant after failing to find a buyer for the business. | |
The company delivered up to 30% of music CDs in the UK, as well as film and TV DVDs. |