Woolworths, The end of a giant english retailer

For two days, we could see on the streets of Brixton, one of south London, a display of a countdown indicating: "More than two days," 70% discount "," All must disappear. "

Indeed, tonight Woolworths will end his reign. This great institution of the British distribution for over a century has marked the commercial landscape of the United Kingdom is today in total liquidation . More than 800 stores will close their doors forever this evening and 30 000 jobs will disappear.

This is not a surprise, already in 2008, the ravages of the crisis had with more than twenty-nine retail chains into administration. This concern continues with the announcement of the bad result of Marks & Spencer, Debenhams, Home Retail Group and Next; bankruptcy of dozens of so-called moderate (approximately 200 stores) in January.

Those who have limited the damage are the discount chains such as Albi, Lidl and Primark increasing their market share by attracting middle-class now.

As elsewhere, the only winners of this crisis are sales distributors via the Internet continues to rise.

The advisory group Deloitte, administrator, is always looking to sell, in each case, some of the shops whose location could interest other labels as Sainsbury's, Asda, Tesco.