Woolworths Group (UK)

Woolworths was one of the most familiar names on the British High Street, a leading retailer of toys, music and video entertainment. It achieved a certain level of stability after it was demerged from former parent Kingfisher, but the retail division never regained a clear and cohesive strategy, and performance was further dented by difficult market conditions on the high street. It proved especially hard to share off the core brand's old-fashioned and rather downmarket image. By late 2008, the business was struggling to avoid bankruptcy, and administrators were finally appointed at the end of November. With no buyer to be found, all 800-plus Woolworths outlets closed their doors in January 2009. However the Woolworths brand name and selected other assets were acquired by the Littlewoods mail order group and were relaunched later that year.

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Woolworths Group website

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