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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 January 5. Administrators at Woolworths say that all 807 stores will close by 5 January.
The first stores will close on December 27 stores and all 27,000 permanent and temporary staff will lose their jobs. 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 food, clothes and value retailers, who would take over the sites for their own 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.