Blog: Leonie BarrieWoolworths’ woes

Leonie Barrie | 27 November 2008

Perhaps the biggest surprise about UK retailer Woolworths isn’t that it collapsed yesterday (26 November) – but that it took so long. I’ve often wondered what the point of its stores was, and it seems I’m not alone. Sliding sales and a GBP385m debt might have meant the global financial crisis finally pushed the faltering retail giant over the edge, but it has been struggling for years – even when retail sales generally were good.

With a mind-boggling product range in its 800 town centre stores, veering from sweets to garden furniture to video games to plants, it offered a bit of everything but without the depth or value offered by supermarkets or the internet.

More than anything, the group seemed to have lost its way. Some of the plans we’ve reported on just-style to turn the business around have included a new Argos-style catalogue featuring children’s toys and clothes, in-store 'shop in shops' for the Ladybird children’s wear ranges, standalone Ladybird stores, and lowering costs by reducing the amount of packaging used on products.

But it seems at the end of the day, the writing has simply been on the wall for a long, long time.

 

UK: Interest in stores as Woolworths goes into administration


BLOG

Digital pieces of the fashion supply chain take shape

The digital pieces of the fashion supply chain puzzle are starting to come together, according to executives at the recent Texprocess apparel technology trade show in Frankfurt, Germany....

BLOG

Latest supply chain leaders?

Swedish fast-fashion retailer H&M, Zara brand owner Inditex, and sportswear giant Nike are not only among the world's leading brands, they also have some of the best supply chains too, according to a ...

BLOG

Finding a solution to the sustainability problem

The key message at this year's Copenhagen Fashion Summit was that the global apparel and textile industry needs to take a holistic view on how it tackles sustainability and responsible sourcing – with...

BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

just-style homepage



Forgot your password?