Sunday, 14 December 2008


Woolworths, the stricken high street retailer, saw its biggest-ever day's trading on Thursday after administrator Deloitte launched a closing-down sale across the 800-store chain. Woolworths' 30,000 staff have been told that they could be out of work before the end of December if buyers for their stores are not found. Hundreds of Woolworths outlets are already under offer to third-party retailers such as Wilkinson and Iceland. However, separate approaches to save Woolworths as a going concern look less likely to succeed.

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