Woolworths to close 200 UK stores
28-12-2008
The end for Woolworths, the British retail institution, which is buckling under the weight of the economic crisis, moves a step closer this weekend with the closure of a quarter of its stores. Woolworths's administrators at the accountancy firm, Deloitte, have chosen 200 stores, of the 813 nationwide, which will shut their doors for the final time. The company itself is likely to become one of the most high-profile victims of the global credit crunch and Britain's economic slowdown unless a buyer materialises before January 5th.
