WOOLWORTHS followers have been excited after a tweet claimed that the previous retail large was making a comeback – but it surely may need been a merciless hoax.
Woolies was a staple of the British excessive avenue. Right here we take a deeper have a look at its historical past and who owns it now.
Former excessive avenue stalwart Woolworths fell into administration in 2008 and closed its shops in January 2009Credit score: PA:Press Affiliation
When did Woolworths shut?
Woolworths fell into administration in 2008, and all 800 of the retailer’s shops closed in January the next 12 months.
The retailer, well-known for its candy pick-n-mix choice, was a excessive avenue stalwart and offered quite a lot of merchandise from kitchen provides to gardening tools to clothes.
However Woolworths confronted spiralling losses as on-line retail grew and the agency confronted difficulties with its suppliers, in line with This Is Money.
It was laden with £385million of debt on the time of its collapse, which left greater than 27,000 unemployed.
Nearly all of the premises are actually owned by different low cost chains together with Poundland and Iceland, in line with BBC reports.
The unique American agency was based in 1879 when FW Woolworth opened a store within the state of Pennsylvania
Who owns Woolworths?
Woolworths opened its first UK retailer in Liverpool in 1909, as a subsidiary of US mum or dad firm FW Woolworth.
The unique American agency was based in 1879 when Frank Woolworth, a gross sales assistant, opened a store within the state of Pennsylvania.
Woolies, because it turned identified, formally got here below British possession in 1982 when it was acquired by Paternoster Shops Ltd.
In 2009, Littlewoods proprietor Store Direct purchased the trademark and offered to clients on-line by means of Woolworth.com.
The corporate ran the retail web site however closed it six years later in 2015 and merged it into its Very model.
Is Woolworths opening once more within the UK?
Rumours of a attainable comeback for the retailer have been sparked by a mysterious tweet from an account named “Woolworths UK” on Tuesday October 27.
The tweet learn: “Right here to save lots of 2020! Woolworths is coming again to your excessive avenue, as a bodily retailer!”
The Twitter account just isn’t verified and the messages are plagued by spelling errors – main many to wonder if it’s a hoax.
This included spelling Woolworths as Woolsworths.
The account stated Woolworths is returning to the excessive avenue with three trial shops because of open in late 2021, but it surely did not affirm the place these can be positioned.
It added: “Very owns the web Woolsworths, so we can be retail solely.
“Earlier than we launch we’ve got just a few authorized contracts to signal, however we’re tremendous excited!”
A spokesperson for Store Direct, which rebranded to The Very Group final 12 months, advised The Solar: “We personal the Woolworths trademark within the UK.
“The Twitter account UKWoolworths just isn’t related to The Very Group.”