Woolies, Seriously straped for cash!

One of the second biggest casualties of the failing economy was Woolies with only airline company XL being the first to be hit but the recession. It won’t be long now until the failing store faces it’s fate and be shut for good. Around 800 stores are located through the United Kingdom with more then 3,000 employees working there who face the chop very soon after Christmas, with many been shown the door already. As they have recently having a 50% sale on many items, so there isn’t much left on the shelves so many employees would be having a early Christmas holiday, well a permanent Christmas holiday.

With nearly every thing on the shelves gone, it’s not having a sale on store goods. Staff are being told to sell every thing in attempted to squeeze the stricken company dry. They been asked to get rid of cleaning equipment, buckets, and even the chairs they sit on. All the office equipment has been brought down from the offices with the hope of being able to sell filling cabinets and desks and chairs.

This would have to be the most desperate attempted to raise money that the high street industry has ever seen, and it is almost the most saddest and humiliating thing that could happen to a company that has been on out high streets for nearly a hundred years. Not only to try and sell everything from the store, to go to lengths of selling equipment inside has to be the most desperate thing i have heard this year anyway. The store now has only a few days left, before the doors shut for good, unless they are planning to sell the doors and shutters as well.