Bargain hunters descend on troubled store
SPECULATION about the future of Woolworths on Saffron Walden s High Street was growing after the troubled store began a massive sale on Friday (December 5). Bargain hunters packed the store looking for cut-price Christmas decorations, toys, DVDs, kitchen
SPECULATION about the future of Woolworths on Saffron Walden's High Street was growing after the troubled store began a massive sale on Friday (December 5).
Bargain hunters packed the store looking for cut-price Christmas decorations, toys, DVDs, kitchen accessories and other items.
Shopper Gillian Francis, from Saffron Walden, said she had been attracted to the shop by the offer of up to 50 per cent discounts.
"It seems a bit like a closing down sale - everything's got money off," she said. "I don't shop here that often but I do pop in occasionally. It would be a shame if the shop did close because it has always been here."
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Another shopper from Newport, who did not wish to be named, said: "I've brought all my decorations, wrapping paper and some presents. It's very good for shoppers but it doesn't look so good for the shop."
Woolworths went into administration in November after the company ran out of cash. Neville Kahn, from administrators Deloitte, said the company would continue to trade. He added: "Stores will remain open past Christmas and employees in stores will be paid."
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Woolworths has more than 800 high street stores and employs nearly 25,000 staff. Deloitte have denied that the aim of the sales is to clear the shelves before the company is liquidated.
"Additional goods have been moved to all stores and further stock will be added in the coming days," said Mr Kahn. "There is continuing interest in the core Woolworths business and the sale will continue whilst potential buyers finalise their plans for the purchase of the business."
The Saffron Walden branch of Woolworths looks set to remain open for the rest of the year, but ultimately the future of the store depends on whether the company finds a buyer.