What a sad time it is to be saying goodbye to one of Britain's most loved high street chains, everyone must remember going to woolworths with their parents whilst growing up and getting a bag of pic n mix. As you got older you went in for toys and board games then stationary followed by games consoles and mobile phones because Woolworths was always the first stop when you went shopping as they sold everything you could ever need and was always at a reasonable price, it is the end of an era to be saying goodbye to the store for good and a very sad time for the employees that worked there....
What a sad time it is to be saying goodbye to one of Britain's most loved high street chains, everyone must remember going to woolworths with their parents whilst growing up and getting a bag of pic n mix. As you got older you went in for toys and board games then stationary followed by games consoles and mobile phones because Woolworths was always the first stop when you went shopping as they sold everything you could ever need and was always at a reasonable price, it is the end of an era to be saying goodbye to the store for good and a very sad time for the employees that worked there....
What a sad time it is to be saying goodbye to one of Britain's most loved high street chains, everyone must remember going to woolworths with their parents whilst growing up and getting a bag of pic n mix. As you got older you went in for toys and board games then stationary followed by games consoles and mobile phones because Woolworths was always the first stop when you went shopping as they sold everything you could ever need and was always at a reasonable price, it is the end of an era to be saying goodbye to the store for good and a very sad time for the employees that worked there.
The chain was founded by a gentleman named Frank Woolworth who opened the first store in Liverpool in the year 1909, Woolworths then became a popular high street fixture and continued to grow and expand until by the year 2008 a total of 807 stores were located throughout the UK. As Britain struggled in the current financial crisis so did the high street as consumer spending dramatically decreased and Woolworths became a sad victim of the credit crunch.
In November 2008 the store entered administration where it was hoped a buyer could be found to save the store however due the massive debt of an estimated 385 million pounds it became clear that no buyer was going to come forward and bail the store out. On December 11th a massive clearance sale began in the hope of clearing and selling all stock before the stores were due to close and by December 27th the first stores began to close their doors for good leaving staff jobless and facing a new year of uncertainty.
It was estimated that by the 6th January all 807 stores in the UK would be closed and now that day has come 27,000 employees are now looking for work, those with a company pension will be saved by the PPF (Pension Protection Fund) , the PPF is in place to protect employees whose employer has gone bust as the fund takes on responsibility for the pension.
Woolworths is also the home of the brands Ladybird and Chad Valley and is hoping to sell the brands on as they are very popular and big sellers, Ladybird is the childrens clothing range and Chad Valley is the toy range.
Everyone will miss the high street store as there is no other store like it and probably never will be.
Articles - CEY, West Yorkshire on 02/01/09 Altinkum Didim Today
