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View Full Version : Woolworths UK taking a nosedive to oblivion



Jargo
11-30-2008, 04:44 AM
http://www.bloomberg.com/apps/news?pid=20601085&sid=aYD4E6feRkCg&refer=europe

I'm gutted. Woollies has been part of the landscape of my life for as long as i can remember. cheap toys, everything no-one else sells, pick and mix sweets (candy) and the latest music/movie chart releases. Not to mention the bargain bin pricing on older music and movies.

if it sinks completely it'll be a very sad day indeed. There are other stores now doing what woollies does but none of them have the same charm. none of them have the same instant recognition high street presense. I really hope someone can step in and add some ballast to the old ship.

plasticfetish
11-30-2008, 05:56 AM
You know, it's funny... back when Woolworths vanished over here, it was a bit sad, but the honest truth was that most people saw it coming. Had nothing to do with a "recession." It had more to do with the fact that Woolworths owned too many stores, and didn't put much effort into running a decent business.

Still though, I have fond memories of eating lunch at the downtown San Francisco Woolworths lunch counter with my dad in the '70s. It was a bit of a surreal experience, but very much a cool throwback to the old days in that city. I can also remember the weird mix of merchandise (and customers) that the dusty old place featured. It had a pretty big wig department, and one of the most depressing pet (sick goldfish) departments that I'd ever seen.

But not as depressing as the huge Gap that they put there after the store closed down. :(

bobafrett
11-30-2008, 07:48 AM
I, one time, replaced a fish tank ornament, with a nude green lady I had made with modeling clay at a Woolworths. I thought I was the best little prankster around! I didn't stay to see if it got any reaction or not. I miss the Woolworths we had at the nearby Yorktown mall. My grandma would shop at the one in Chicago for our Christmas gifts.

I bet Wal-Mart put them out of comission.

dr_evazan22
11-30-2008, 10:17 AM
Its nice to know that they have survived this long over there, since they've been gone from the States for so long.

A similar store that was in my neighborhood growing up was Kresge's - same basic concept at the time... Lunch counter, cheap prices, not the cleanest or most organized, by today's standards. I remember saving my allowance to get my SW fig's there as a kid for about 2 bucks a pop. If what I was told is true, Kresge put the K in Kmart; it was supposedly the last Kresge store.

Kidhuman
11-30-2008, 02:11 PM
I too recall Woolworths. I had got many a Star Wars figure from there as a child.

pbarnard
12-01-2008, 12:55 PM
On no!!! Brian Adams will no longer be able to buy guitars.

Jedi_Kal-El
12-01-2008, 11:23 PM
I use to find alot of SW and Trek figures at Woolworths, that I couldn't find anywhere else at the time. Too bad they folded, nobody ever went there to.....oh. :Ponder:

dr_evazan22
12-01-2008, 11:51 PM
Checking out Woolworths on Wiki, I see that Woolie's morphed into the Footlocker brand.

OC47150
12-06-2008, 07:43 PM
I remember Woolworths from my childhood. During the sixth-grade trip to Chicago, we had breakfast at the Woolworths lunch counter.

When I went to Germany in '95, I was surprised to see Woolworths across the street from my hotel. I went over and bought $15 worth of German candy to give out to people when I got home.

JEDIpartner
12-07-2008, 11:01 AM
The Woolworth's lunch counter... :love:

TeeEye7
12-12-2008, 08:50 PM
...we had breakfast at the Woolworths lunch counter.


The Woolworth's lunch counter... :love:

What was it about the lunch counter anyway? (Didn't they call it the Luncheonette?). Like OC and Jp, I have wonderful memories of going there with my mom and brothers. :thumbsup:

Dad missed out cuz he was always at work!

JEDIpartner
12-15-2008, 09:39 AM
I think that it was so quaint and special that you would shop and then stop off for a-- well, for me, it was a grilled cheese sandwich, tomato soup and some dill pickle slices. Oh, I just remember thinking that going there after shopping at the mall and picking up a few things at Woolworth's was the bomb! We'd have our bags propped up against the counter and our coats slung over the stools and it just seemed so fun.

Blue2th
12-15-2008, 12:20 PM
I miss that too. We would always go in there for soup and a sandwich when I lived in Florida.

They still have the old Woolworths in Santa Fe in the main town square. They kept it all retro because Santa Fe is kinda trendy. I've been in there a couple of times to get their frito chili pie, it's yummy.

I wonder what's going to happen to it now.

TeeEye7
12-15-2008, 12:27 PM
-- well, for me, it was a grilled cheese sandwich

OK, now, what was it about their grilled cheese sandwich? That's what I always had, too!

Jp and I must be twins separated at birth!

Jargo
12-24-2008, 04:27 PM
125 Woolworths shops could be saved

11 hours ago

The Woolworths brand could be thrown a lifeline in an eleventh hour attempt to save 125 stores, it has been reported.

Woolworths faces a January 5 closure deadline with the likely loss of 27,000 jobs, after administrators Deloitte failed to find a buyer for the business.

But last minute talks could see outlets in some areas such as Hull - where trading is healthier - saved under the Woolworths brand name, according to the Daily Telegraph.

Sources close to the talks believe these stores, which generate 25 million in underlying earnings, would have a very strong chance of survival despite problems with suppliers, the report said.

It is thought a deal would also allow the new company to re-negotiate its leases with the landlords.

Among those said to be interested in the proposition is Woolworths executive Tony Page, who was in charge of the retail operation.

It is understood the plans would involve Mr Page, along with the rest of the management, taking 20% of the equity of the new company, with the remaining 80% held by a turnaround specialist.

Woolworths, which opened its doors in the UK almost 100 years ago, went into administration last month as debts and losses mounted in a worsening high street climate.

Restructuring specialist Hilco had earlier failed in its attempt to buy the company's stores for 1 and assume a major share of its 385 million borrowing facility.

The iconic high street retailer is due to start closing its 800 stores on December 27, when around 200 outlets will shut. Further closures are due on December 29 and 30, followed by January 2 and 5.
Copyright 2008 The Press Association. All rights reserved.

Jargo
02-02-2009, 11:13 AM
Woolies has had a kind of reprieve. The shops will still close but the online store will live again.

http://news.bbc.co.uk/2/hi/business/7864194.stm