United Kingdom retail century shop/time honored store 1 pound sale even _plusbelieve

Http://www.jrj.com 2008-12-05, 00: 03 21st century economic report Woolworths does not fall in the war of gunfire, but the financial crisis hit the waves. It's fall not only heralded retail bankruptcies surge of opening, erase the memory of the traditional consumer. Correspondents ' Yan London reported Woolworths — this was going to spend a hundred-year-old birthday of the United Kingdom retail giants, on the eve of Christmas buying. In the financial crisis have signalled the waves of drowning, it is almost powerless to groaned, in the course of this century alone. Has 815 branches Woolworths used to be the world's largest chain in the retail business with its unique position in the history. When the London Stock Exchange retailer announced on 26 November, the share price at the time of the stock suspension from a year ago 15 pounds sterling fell to 1.22 pence (1 pound sterling = 100 pence), had only about 1780 m. At present the company has entered bankruptcy protection program. United Kingdom-Commerce Minister Mandelson said, to do our best to let the Woolworths survival, but now it seems that this promise has been very difficult to fulfil. "Woolies quite so many difficult period, successful existence until now, such a conclusion is really sad that I will miss it. "November 28, a bit from Ipswich Town Woolworths store shopping out of old too expect shortly after perhaps never see this familiar store brand, eye tears immediately. "We still, as usual, but I really don't know what will happen the next day. "Sabrina is already in the store dry for 12 years, she says she has never been so worried at the moment. And her future fear, there are 3 000 Woolworths staff. For many years long, United Kingdom, Woolworths just drugstore, is also the happy memories of their childhood and the family's daily life and an integral part of. Now, the United Kingdom who hosts a rich historical and emotional chain became the United Kingdom the recession of the first victim. United Kingdom retailers of one individual to the reporter that the past few months, Woolworths suppliers have been forced to pay cash to buy goods, because trade credit insurance agencies have ceased to be insured, leading companies face serious cash flow pressure. "Woolworths already in the fierce market competition in the struggle for more than a decade, it has been very successful, but these years seems to have lost their own direction, can be said to be the largest retailer in the United Kingdom's resistance to the weakest, now this sudden credit crisis became overwhelmed the horse skinny camel's the last straw. "He said. 1 pound sale even confectionery, toys, children's clothes, household goods and entertainment products, as well as through the emotional ties that memory every week to bring 400 million patronize Woolworths, although in recent years because of poor management fubeishoudi, Woolworths will still be able to create 17 billion pounds of annual turnover. In January this year, Woolworths get Barclays, three financial institutions syndication 3.85 billion pounds. In July, early warning and Woolworths publication called this fiscal year may only be used in the maintenance of a balanced budget. Its first operating loss 7250 million pounds. To November 19, the company turnover, poor management of unsustainable, Woolworths attempted to 1 pound price will they sell specialized acquisition restructuring Choi trapped company United States investment group Hilco, with complimentary is a sum of $ 3.85 million of corporate debt, a giant black hole of the staff pensions, as well as more than 600 leasing 813 store individual owners. But the mission ultimately exercised the loan bank, leading to the restructuring plan of the veto. Woolworths chain stores has three types, which are located on the main business districts and neighbourhoods on the outskirts of large stores, retail stores, small town traditional shops, a total of 815 chain stores. In addition, Woolworths also operates entertainment, owns United Kingdom's largest home entertainment products wholesaler, distributor United Kingdom market E.UK 1/4 of imaging products; as well as a joint venture with BBC video publishing group 40% equity. 2Entertain Woolworths store system employing a staff of subsidiary 2.5 E.UK there are 5000 of staff. December 1, the latest news is that United Kingdom venture capital companies Dragons ' Den is participating in developing a plan to rescue those most profitable stores, and trying to maintain the Woolworths brand. Woolworths's largest shareholder, Ardeshir Naghshineh real estate firms are prepared to bid. According to reports, there are about ten potential bidders on a part of the assets of Woolworths expressed interest, including the United Kingdom supermarket chain Tesco, Sainsbury, Asda and discount chains Poundland, etc, are all intended to take the opportunity to take over some of the core of the Woolworths store. Deloitte Touche Tohmatsu CPA spokesman said the relevant negotiations in December 1, continue to expand. "We are working to ensure that any agreement on the sale of all or part of the business, and maintain jobs. "His response to this query, in the case of a reply. Deloitte in Woolworths suspension was appointed to the escrow on the same day, it was required to do all we can to protect the Pension Fund, Woolworths and shop opening hours as the Christmas period. World War achievements and many older people, age 79 Rosemary habit known as Woolworths "Woolies". "There is no doubt that we will miss the Woolies. From childhood onwards, it is part of our lives. "She said. She even remember some special scene, food rationing during World War II-era, peopleIn the shop of Woolworths Plymouth queues waiting to get their own share of candy. Some families without children, nor will their assigned to candy shopping voucher sent to the shop, leaving the family with children. In the material deprivation, Woolworths made countless warm memories. Woolworths founder Frank, was the United Kingdom and the United States well-known celebrities. In 1873, a farm boy FrankWoolworth become New York Watertown a dry goods store sales assistant. 1879, Woolworth to your name store opened in Pennsylvania. He also has broad mobilization of relatives and friends to join the ranks, and the introduction of 10 cents for the price of commodities, famous retail mode "Fiveand Ten" (all products sold at 5 cents or 10-cents) and thus was born. 1909, the Anglo-Saxon descendants in Liverpool United Kingdom opened its first store in the "5 cents and 10 cents" changed to "3 pence and 6 pence", children's clothing, miscellaneous goods, Tin toys, music, Christmas decoration, kitchen tools, stationery and hunting equipment, rely on large-scale cash purchase way lower the costs, Woolworths commodity prices other than the United Kingdom shop much lower, so very popular. By 1914 the first world war broke out, Woolworths already United Kingdom has 44 stores. World War II, Woolworths become United Kingdom were dark days of bright colors. Many elderly people have experienced the second world war, when the German army will recall the intensive bombing caused some stores frequently compromised, but Woolworths staff always in a "strong sense of responsibility"-driven efforts soon reopened, reassuring, and send a clear message: contempt of the enemy. When the competition arch enemy and Spencer have rocket attacks, Woolworths provides first aid, also invited them to share their own storefronts, storeroom. Wait until the end of World War II, performance in deep righteous Woolworths already in the United Kingdom who have established a special status, from that time until the 1960s, Woolworths entered development peak, maximum, with more than 1000 shops. Retail bankruptcies surge to hit the "poor old Woolies seems to be its own worst enemy," and the aforementioned United Kingdom retailers who said, "consumers now have too many choices. In the 70 's and 80 's, you go to Woolies, you can buy your family needs of all; now, with all supermarkets and at a lower price than the Woolies or higher quality. "The enormous impact suffered by Woolworths started going downhill, because large supermarkets begin substantial sales of non-food consumer goods, and the Amazon site, and other new books music retailers gradually appear. Young people do not like the seemingly messy Woolworths, "think of it, dry cleaning agent next to the cookie jar, bag swing calendar next to. "They said that although this in older people it seems perhaps part of its unique charm. "Indeed, lack of Woolworths Customer listening, understanding what they want. "Sabrina recognized road. Top view of their business focus is "family and entertainment", but only the expression is far from enough. Although most of the causes of poor management can be attributed to his own, but it seems that the business community in the United Kingdom, Woolworths events very dangerous signal, foretells a storm center has been transferred to the retail banking sector. "More and more companies could face collapse, now exposed is a big tip of the iceberg. "The latest official data show that three quarters of 2008 356 retailers in bankruptcy, 40% higher than the same period last year. After Christmas, the more likely the collapse of tide outbreak retail. All business forecast report are unanimous that 2009 will be better than 2008 face worse retailers credit crunch, and rising unemployment in suppressing demand, City Mall sales will encounter supermarket and shopping sites compete for market share than ever before. Retail industry has not complained about the why of Gu Government fostered a batch of insolvency of a Bank, but for the bankruptcy of abandoned outlets. In a serious recession come before Christmas sales were even more crucial. Nadia is found, the winter her family received advertising book is three times more than in previous years, and some never before Christmas discount of merchants, now have also launched a few days of short-term discount, minimum 8%, up to 5% or more discount, BOXINGDAY (Christmas day, the day of goods larger discounts) coming in advance. Not in the Christmas break out, just before Christmas. Retailers hope to sell the, presumably diffuse the industry's bad luck.