Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

06:45 GMT, Friday, 2 January 2009

Woolworths closure delayed by day

Woolworths store

The final closure of Woolworths stores is to be delayed by one day, the firm's administrator has said.

Deloitte says 200 outlets that had been due to shut on Friday will now also remain open on Saturday, because there is still some stock to sell.

The remaining 200 stores will now close on 6 January, also a day later than originally planned.

Deloitte said another reason for the delay was the need for more time to make the "final arrangements".

"There are two main reasons for delaying the closures," said a Deloitte spokesman.

"One, stock levels - there's still some stock remaining. Two, workload - it's a big logistical exercise."

Century-old business

More than half of Woolworths' 807 stores have already closed for the last time.

Woolworths went into administration in November with debts of £385m.

Deloitte tried but failed to sell the business as a going concern.

It is now continuing negotiations to sell off individual stores.

The chain is the most high-profile UK High Street casualty of the economic downturn so far.

Woolworths opened its first UK store in Liverpool in 1909.



E-mail this to a friend

RELATED INTERNET LINKS
Entertainment UK
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©