GREAT BRITAIN / England / London /After years of troubled sales, Woolworths' stores finally collapsed into administration .


GREAT BRITAIN / England / London /After years of troubled sales, Woolworths' stores finally collapsed into administration at the end of November, unable to struggle on with their mountain of debt and the fierce competition from supermarkets and online music retailers. The company's 27,000 staff now face a bleak festive season as Woolies plans to close down its 807 stores starting on Dec 27. The high street legend, beloved by earlier generations for its pick n mix selection and CD singles, has been trading in Britain for 99 years.


Size: 4368px × 2912px
Photo credit: © horst friedrichs / Alamy / Afripics
License: Licensed
Model Released: No

Keywords: administration, bankcruptcy, britain, bust, closed, closing, collaps, collapse, collapsed, crisis, debt, debts, department, depression, downturn, economy, empty, england, fail, failure, fell, finall, great, horizontal, kingdom, recession., reduce, reduced, retail, retailer, retailers, sales, shelves, store, stores, tragedy, trouble, uk, unemployed, unemployment, united, woolworths