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Woolworths Goes Into Administration
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SantaFefan



Joined: 07 Dec 2006
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PostPosted: Thu Dec 18, 2008 12:20 pm    Post subject: Reply with quote

plus of course the Global Warming crowd won't be impressed Laughing
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John W



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PostPosted: Thu Dec 18, 2008 7:01 pm    Post subject: Reply with quote

Rachel wrote:
I did wonder about the Jaguar/Landrover bailout- maybe it's because they export - I can't think of any other good reason to bail them out other than the "car is king" thought process that male politicians suffer from.


It's because for each car-worker there are ~10 others in suppliers, and too many small /medium businesses would also close, kind of domino effect.

I got made redundant because main customers Longbridge and Ryton (Peugeot) closed in 2005/2006

John W
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RockitRon



Joined: 07 Dec 2006
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PostPosted: Tue Dec 23, 2008 3:36 pm    Post subject: Reply with quote

Our Woolworth closes on Saturday. It's just the right size of store for a Poundland or similar, of which there are none at the moment in the Victoria Centre, although there's no shortage of them elsewhere.

Meanwhile The Pier, famous for heavy dark furniture, candles and pot pourri, has also gone into administration and its 49 stores, mostly in city centres, are closing down as soon as the stock goes.

The media are salivating over who's next on the list - you can probably bet on it if you're ghoulish enough. Whittards, chain of 130 shops selling tea and coffee gift sets, are the next most likely, because their Icelandic owners have been caught in the banking crisis there and they have been unable to find a buyer [at the right price] for the stores.
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MadeinSurrey



Joined: 11 Dec 2006
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PostPosted: Tue Dec 23, 2008 5:01 pm    Post subject: Reply with quote

Some sections of the media are like vultures - they could try a little more tact. (Some hope!)
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John W



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PostPosted: Wed Dec 24, 2008 11:41 am    Post subject: Reply with quote

As a knock-on effect of the Woolies failure and the distribution halt - having been deprived of CD/media stock - looks like Zavvi have gone into admin now Rolling Eyes
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MadeinSurrey



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PostPosted: Wed Dec 24, 2008 11:47 am    Post subject: Reply with quote

Sadly many more will follow. Let's hope that things pick up in 2009.
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Ian Robinson
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Joined: 11 Dec 2006
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PostPosted: Wed Dec 24, 2008 2:49 pm    Post subject: Reply with quote

John W wrote:
As a knock-on effect of the Woolies failure and the distribution halt - having been deprived of CD/media stock - looks like Zavvi have gone into admin now Rolling Eyes

But it seems like they were in each other's pockets - they owed Woolies £100m!

My local independent record shop is having a great Christmas - he's been packed for weeks, and the weak pound means his internet sales are booming too (up 5 times on last year). He's done so well he's taking Saturday off!
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Mark Mayhew



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PostPosted: Wed Dec 24, 2008 3:31 pm    Post subject: Reply with quote

Sad news about Zavvi-I liked this music retailer.
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nod



Joined: 24 Dec 2006
Posts: 3558

PostPosted: Thu Dec 25, 2008 11:44 am    Post subject: Reply with quote

I think they'd been sliding downhill for a while, but then haven't the other CD outlets ?. HMV seems to have out CDs to the back of the shop to be replaced by DVDs & games etc.

Ar ewe seeing the end of CD music sales ?. Has x-factor etc killed music as we knew it ?
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mark occomore



Joined: 07 Dec 2006
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PostPosted: Thu Dec 25, 2008 7:42 pm    Post subject: Reply with quote

Mark Mayhew wrote:
Sad news about Zavvi-I liked this music retailer.



Once was Virgin. Problem with Music retailers people are downloading music now which will end up more going under. I heard W H Smiths and Wilkinson's are in trouble. I could see Wilkinson's going, but Smiths? I suppose thats what they said about Woolies?
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Briant



Joined: 02 Jun 2007
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PostPosted: Fri Dec 26, 2008 12:07 pm    Post subject: W H Smiths'.... Reply with quote

There is a multi-million new shopping development called Liverpool One in my home town, and it houses many of the top names including WHSmiths. However it is so tiny that two people browsing the magazines (as they do) block up the shop! Also it now houses the Post Office, but on the second floor, where pensioners and others find it hard to access! Rolling Eyes
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Boy Perkins



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PostPosted: Fri Dec 26, 2008 12:54 pm    Post subject: Reply with quote

Some of these new developments are going to have a problem or two over the next couple of years; surely a number of them will have to be mothballed?

For the next year or so we can expect a clear trend in which people only spend the money they have and not that which they hope to have.

The consequences of a stop to debt financing are quite significant; I don't think many have realised that .... maybe even the press are reluctant to go down that road?
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Ian Robinson
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PostPosted: Fri Dec 26, 2008 6:05 pm    Post subject: Reply with quote

mark occomore wrote:
I heard W H Smiths and Wilkinson's are in trouble.

The problem with rumours (and why news outlets generally don't report them) is that they may not actually be true, but can still lead to trouble. So don't spread them! Evil or Very Mad
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Boy Perkins



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PostPosted: Fri Dec 26, 2008 7:19 pm    Post subject: Reply with quote

That's funny, I thought rumour, or it is alleged, or it is from a source, was all they did publish??
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gfloyd



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PostPosted: Fri Dec 26, 2008 8:11 pm    Post subject: Reply with quote

Mark O is really Robert Peston Laughing
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John W



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PostPosted: Fri Dec 26, 2008 8:21 pm    Post subject: Reply with quote

On the Xmas thread I said I had a CD-free and book-free Xmas (I declared my Christmas this year to be free of such things because when we were preparing this room for a new floor I had to move hundreds of CDs and books upstairs and realised so many CDs were rarely listened to and several books are unfinished reading)

But today the missus came back from Woolies with some bits and pieces including (another) book about 'Water Gardening' (ponds etc). Originally 6.99 but there was a yellow sticker on it saying Now £2 !

'A bargain' says the missus. 'But was it ever 6.99 in Woolies?' I asked suspiciously, having peeled off the Now £2 sticker to reveal underneath..... a £2 sticker !
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iwarburton



Joined: 08 Dec 2006
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PostPosted: Sat Dec 27, 2008 3:19 pm    Post subject: Reply with quote

Very sad that the Woolworths store closures have now begun.

When I was a very impecunious teenager in the sixties, Woolie's often saved my bacon at present-buying time.

But maybe that was exactly its problem--it still had a sixties feel about it, when other stores had moved on.

Ian.
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Boy Perkins



Joined: 18 Dec 2008
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PostPosted: Sat Dec 27, 2008 3:48 pm    Post subject: Reply with quote

Bought my first pair of blue jeans from Woolies. They were 10/6d. You don't get value for money like that these days Laughing
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SantaFefan



Joined: 07 Dec 2006
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PostPosted: Sat Dec 27, 2008 4:05 pm    Post subject: Reply with quote

The wife had to have a spending session in some clothes shops this afternoon Rolling Eyes
Bored stiff, I wandered into the Lowestoft Woolworth's store for the first time. Posters advertised "everything must go including fittings and equipment".
Very sad really.. not because I'll miss the store, I haven't bought anything from Woolworth's since the 80s, but I hate to see the final death throes of a once busy organisation.. but, as I remembered it to be, I didn't like the layout and the general feel of the store. It smacked of cheapness.
Most fittings had "sold to.." written on them and the remaining stock was strewn everywhere. I felt a little dirty to be honest, picking over the bones so to speak.
I waited outside, choosing to admire the Woolworth's architecture instead.
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John W



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PostPosted: Sat Dec 27, 2008 5:25 pm    Post subject: Reply with quote

Boy Perkins wrote:
Bought my first pair of blue jeans from Woolies. They were 10/6d. You don't get value for money like that these days Laughing


Pre-1971? About 50p ??

Well I expect good wages were just £20 a week then. Today say £400, so that would be £10 for jeans, still do-able I'm sure at Asda?? Wink


Oh well. When we scrutinized the Woollies receipt we realised that the Now £2 book had qualified for a further 60% reduction at the checkout and we had paid just 80p for it !


John W
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Boy Perkins



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PostPosted: Sat Dec 27, 2008 10:08 pm    Post subject: Reply with quote

More like late 50's ... but I don't expect anyone to remember!!!!
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iwarburton



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PostPosted: Sun Dec 28, 2008 11:59 am    Post subject: Reply with quote

Alas, I remember the late 50s very clearly (born in 1948)!

Ian.
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Boy Perkins



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PostPosted: Sun Dec 28, 2008 7:12 pm    Post subject: Reply with quote

iwarburton wrote:
Alas, I remember the late 50s very clearly (born in 1948)!

Ian.


Ahh, the good old days, I don't think! Still our aspirations were lower and our expectations modest... hence less frustration and disappointment. And obesity was not too common!!
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Number Six



Joined: 14 Dec 2006
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PostPosted: Mon Dec 29, 2008 9:22 am    Post subject: Reply with quote

iwarburton wrote:
Alas, I remember the late 50s very clearly (born in 1948)!

Ian.


As do I (1950)

My Mum worked in Woolies when I was a little boy. I've just found a photo of her working on the shoe counter. Sandals for 9/11 a pair.
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iknewdavidjacobsmum



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PostPosted: Tue Dec 30, 2008 4:12 pm    Post subject: Reply with quote

Were they plastic and bright red?
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Helen May



Joined: 10 Dec 2006
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PostPosted: Tue Dec 30, 2008 5:03 pm    Post subject: Reply with quote

Number Six wrote:
iwarburton wrote:
Alas, I remember the late 50s very clearly (born in 1948)!

Ian.


As do I (1950)

My Mum worked in Woolies when I was a little boy. I've just found a photo of her working on the shoe counter. Sandals for 9/11 a pair.


I remember a lot of things being 9/11d..........

H
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Boy Perkins



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PostPosted: Tue Dec 30, 2008 6:50 pm    Post subject: Reply with quote

Aye, you didn't get much change from a ten bob note!!
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SantaFefan



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PostPosted: Tue Dec 30, 2008 7:09 pm    Post subject: Reply with quote

No, but enough for four Black Jacks or Fruit Salads Laughing
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Boy Perkins



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PostPosted: Tue Dec 30, 2008 7:17 pm    Post subject: Reply with quote

Personally thought the ha'penny chews were better than the 4 for a penny ones, but just my taste I suppose...
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RockitRon



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PostPosted: Mon Jan 05, 2009 11:58 am    Post subject: Reply with quote

We knew it all along, of course, but it's interesting to see confirmed in print just who has made money out of the Woolworth administration
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/4110424/Woolworths-lenders-make-millions-in-penalty-fees.html
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mark occomore



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PostPosted: Fri Jan 09, 2009 5:54 pm    Post subject: Reply with quote

Quote:
Frozen food retailer Iceland has bought 51 former Woolworths stores, and said it plans to create 2,500 new jobs.


http://news.bbc.co.uk/1/hi/business/7820981.stm

__________

Hopefully they will get the staff back who lost their jobs at Woolworths.
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Boy Perkins



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PostPosted: Fri Jan 09, 2009 5:59 pm    Post subject: Reply with quote

Sounds good, but why do supermarkets always talk about 'new jobs'?

People are not going to buy more food, and the more modern the supermarket the fewer the staff needed to supply that food. So everytime there is a new outlet the overall number of people employed in the sector will decrease?

Or is there another angle to this which eludes me?
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John W



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PostPosted: Sat Jan 10, 2009 4:57 pm    Post subject: Reply with quote

Iceland have bought 51 stores at :

Alton, Barnsley, Belper, Bethnal Green, Bexhill On Sea, Bicester, Billericay, Blandford Forum, Bodmin, Boreham Wood, Bow, Braintree, Broadstairs, Devizes, Exmouth, Fraserburgh, Frome, Greenford, Hackney, Hailsham, Harold Hill, Haverhill, Herne Bay, Hexham, Highgate, Honiton, Kilburn High Road, Leyton, Malvern, Matlock, Mill Hill, Minehead, Monmouth, Morpeth, Morriston, Newtownards, Palmers Green, Pinner (Rayner's Lane), Palmers Green, Plumstead, Pontypool, Poplar, Portslade, Ringwood, St Neots, Stoke Newington, Strood, Sudbury, Swaffham, Wakefield, Wallington, Whitstable

The two stores in Coventry and the ones in Nuneaton, Kenilworth, Warwick and Leamington will remain empty then.
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