Closing-down sales herald end of Woolworths stores group by Christmas

Woolworths will begin a huge closing down sale across its 813 stores today after Deloitte, the administrator, admitted that it had been unable to find a buyer for the retailer. The disappearance of the stores group will end a 99-year presence on Britain’s high streets and leave 30,000 staff facing a bleak Christmas and new year.

Woolworths angers shareholders by rejecting Iceland founder's approach

Woolworths faces a showdown with its biggest shareholders after the ailing retailer rejected a takeover approach for its 815 stores yesterday from Malcolm Walker, the founder of the Iceland frozen-food chain.

New profit warning as Woolworths abandons 2entertain sale

Woolworths lurched deeper into crisis yesterday as it abandoned the planned sale of 2entertain, its DVD publishing business, and admitted that a recent collapse in sales meant that it would again miss its profit targets.

Steve Johnson to run Woolworths

Woolworths, the troubled high street retailer, has appointed Steve Johnson, the former chief executive of Focus DIY, as its new chief executive. He replaces Trevor Bish-Jones, who left in June after more than six years seeking to resolve the group's problems.

Woolworths shares crash to seven-year low after profit warning

Shares in Woolworths crashed this morning to a seven-year low after the retailer issued a profit warning, saying that sales declined in the first half.

Kesa faced by dire consumer sentiment while it soldiers on

Woolworths may have gone but Kingfisher’s other stock market spin-off – Kesa Electricals, the owner of Comet and Darty – soldiers on.