Woolworths dramatically collapsed into administration last night, bringing to an end nearly 100 years of trading on the high street and putting up to 30,000 jobs at risk.Woolworths has struggled for many years and never found a formula to compete with the march of the big supermarkets into non-food items and other discount retailers, including Poundland, on the high street.In 1909, Frank Woolworth, founded FW Woolworth, a subsidiary of its US parent, in the UK and the first store opened in Liverpool.
All Comments