Is Woolworths really going bust?

[mamadiva]

Have just heard this on the news, am shocked because Woolworths seems to be such a well known and busy store.

I know they've had to lower their prices etc but surely that would have made them stronger.

They are looking for someone to take them over and could be sold for £1.

Sorry I know this is a bit daft and hardly important but it's quite sad to think that a shop that everyone I know loves especially for there kids is going down after so many years!

Was just saying the other day this same thing - we will be stuck in OUR small town without it. It used to preserve my sanity for a small time with ds and dd as toddlers.The isles were plenty wide enough to push the double buggy down. We would walk into town, go to woolies, buy some choccy buttons and some stickers for a pound and then walk back. Happy days! The way it is going there will only be tesco and asda left - huge stores which will probably be the size of small towns and you have to 'drive thru' to get round them!!! SAVE WOOLIES!!

I love our woolies (and its handy as right opposite my work) can grab a drink, get dd1 tights and hairband and get dd2 a top/vest plus pick a new mop up in 5 minutes, I'll miss it if it goes

Our Woolies is third of the size it was 2 years ago....they have gradually emptied the shelves and coned off large areas of the store which now sit empty.

Used to be good. You could get a good variety of stuff. Now it is very hit and miss.

Is the only place to buy children's clothes where my parents live, and I think the baby clothes are pretty good washes and wears well, but the older girls stuff can be a bit hit and miss, a bit too bratz and barbie for my liking.

Agree with thise that say it has lost its focus, is useful to be able to buy lunchboxes, tights, a pen and a ball of string on the same shop, but doesn't seem to have a specific target market.

don't know what my mum will do without the local woolies ot pop into to buy the random things she needs - and often a pack of bargain pants for my DC!

oh hope not i love faffing around in woolies.would miss woolies

It looks like the retail side will be taken over by "restructuring specialists" Hilco who basically will break it up and it will go in to administration soon after and suppliers will lose out (as usual). Hilco also did this with Mark One (who have gone bust again this week), its a legal way of getting out of the debts.

This buyout will affect HMV, Game, Smiths etc in run up to xmas as they will sell off stock cheap but then obviously after they will be able to pick up some of Woolies market share when they have gone.

I too am surprised they have lasted this long.

we all love woolies.....right up to the point of supporting them. who here has not brought things in a supermarket because they are cheeper? anyone brought of e-bay? what about pound land, anyone been there? everyone bleats about poor old hows your father going bust but they still prefer the extra money in there poket from shopping cheaper.
if everyone brought there cd's, dvd's, sweet's, news papers, kids cloathes, book's and bits of old string from woolies they would be doing fine....but we dont and that folks is called business...and by the way the next time you or one of your woolies loving kids down loads a tune or two just remember how much you love your high street stores that wont be there tomorrow

too true, crackedup

I think it will be very sad if Woolworths go. I do support them and I often get stuff from there that is maybe cheaper in Asda or online because I always know I'll find something in there.

we all do....and its the some times that makes the difference. truth is woolies is a great store, part of our growing up but the world has changed and we have changed our shopping habits and this is why tesco and asda own our backsides and why woolies will never be able to compeat.

if we really want to save the high street and the shops in it then STOP SHOPPING AT THE SUPERSTORE!.....and miss out on there great prices and fantastic range.
if you look at the reality of retail you can see that they didnt stand a chance. who do you think payed for all the stock on the shelf at tesco???.....you did.
buy from the indipendents and the little guys and the game is up

I can honestly say that I have not bought one toy or CD or video game from Asda etc in the last 6 months. But loads from Woolies. I'm in there most weeks for something.

Supermarkets depress me and the item I want might be cheaper but I end up speding another £20 on assorted other stuff as well so I have stopped using them altogether.

We need to support the high street. I feel really sorry for people whose jobs are on th eline.

The website's not working....that's not a good sign.