However, due to the economic crisis, Woolies went into administration on Wednesday. Although the stores will remain open over the holiday season, unless the chain can find a buyer, 815 stores will close and tens of thousands of employees will be out of work.Other major British retailers entering administration: PC World, MFI, and Curry's join Woolworth's. Ilva and Roseby's died in September. This means that my family's seaside town will feature a significant increase in empty High Street storefronts and deserted box stores lurking on street corners. Sadly, a significant portion of the community works in these shops, so an already depressed area will grow ever more so.
(Aside: fond memories of the ever-reliable Woolies. I bought both my last vinyl single and my last cassette single at a UK Woolworths).