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allaboutgrub

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allaboutgrub.wordpress.com

 - this blog is all about food, ingredients and where to buy good quality food from – add a marker to my allaboutgrub map to tell others about great places to eat out or places to buy great food from -

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Good Bye Woolworth or is it

Woolworths to be reborn on the internet after buy-out by web retailer Shop Direct

High street brand Woolworths is to be relaunched as an online store after the name was today bought by the UK’s biggest internet and home shopping retailer.

Shop Direct – which also owns brands such as the Littlewoods catalogue – plans to launch Woolworths online in the summer following the deal to buy the brand for an undisclosed sum.

End of an era: Woolworths stores across the country had closing down sales in January

The move brings the famous brand under the control of Sir David and Frederick Barclay, whose interests also include the Telegraph newspaper group.

Woolworths was forced into administration late last year after plunging sales and mounting debts, costing 27,000 jobs. The last of its 807 stores closed in January.

But Shop Direct, which has also bought Woolworths’ childrenswear brand Ladybird, said it was confident that the store would “stay at the heart of British retailing” as an online presence.

Chief executive Mark Newton-Jones said: ‘Woolworths is a much-loved brand that engenders huge affection among British consumers and is an important part of the country’s retail heritage.’

Woolworths first opened its doors in the UK 100 years ago this year. The move would revive the brand for future generations, Mr Newton-Jones added.

Details of the new product ranges to be offered will be announced in the next few months, the company said.

Shop Direct employs around 10,500 people and has around five million customers. Its other well-known catalogue brands include Kays and Marshall Ward.

Woolworths appointed Deloitte as administrators in November after efforts to rescue the business failed. Deloitte was unable to find a buyer for the firm and launched a closing-down sale in December.

sourced from The Daily Mail

Woolworths re-born on internet

Woolworths re-born on internet

The high street chain Woolworths is to be relaunched as an online retailer. The company’s last stores shut down in January but now it has been bought by the owners of the Daily Telegraph, Sir David and Sir Frederick Barclay. Chief executive of Shop Direct, Mark Newton-Jones, discusses why it is worth saving.

Filed under: Internet, Internet sales, Stores, woolworth, business, catalogue, Internet, internet based shop, new, re-born, woolworth

Goodbye Woolworth

Watch a news article from the BBC relating to the closing downing down of Woolworth.

The F. W. Woolworth Company (often referred to as Woolworth’s) was a retail American company that was one of the original five-and-dime stores. The first Woolworth’s store was founded, with a loan of $300, in 1878 by Frank Winfield Woolworth. Despite growing to be one of the largest retail chains in the world through most of the 20th century, increased competition led to its decline beginning in the 1980s. In 1997, F. W. Woolworth Company converted itself into a sporting goods retailer, closing its remaining retail stores operating under the “Woolworth’s” brand name and renaming itself Venator Group. By 2001, the company focused exclusively on the sporting goods market, changing its name to the present Foot Locker Inc (NYSE: FL). Company that was one of the original

Retail chains using the Woolworth name survive in Germany, Austria, Mexico, and South Africa, and, until the end of 2008, in the United Kingdom. The similarly-named Woolworth’s supermarkets in Australia and New Zealand are operated by Woolworths Limited, a separate company with no historical links to the F. W. Woolworth Company or Foot Locker, Inc. However, this company did take the name from F. W. Woolworth as it had global appeal. sourced from Wikipedia

Woolworths in store closure sales

Woolworths branch Woolworths went into administration last month Woolworths is to hold a store closure sale in all its 815 outlets from Thursday amid growing concern that a buyer will not be found for the firm.

Woolworths went into administration last month

Administrator Deloitte said that if no offers for Woolworths were forthcoming, “it is possible that some stores may close before the end of December”.

It added that it would consult with the retailer’s 30,000 staff over support available in the event of redundancies.  read full article

Filed under: down turn, Stores, woolworth, closing, comedy, downturn, funny, recession, shops, Stores, woolworth