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Article: EVERYTHING MUST GO AND THAT MEANS.. EVERYTHING; EXCLUSIVE Woolworths sells off fixtures and fittings in frantic bid to raise cash CREDIT CRUNCH CRISIS Carmakers and retailers are struggling as recession threatens more businesses.(News)
- Article from:
- The Mirror (London, England)
- Article date:
- December 23, 2008
CopyrightCOPYRIGHT 2008 MGN LTD. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BY CLINTON MANNING BUSINESS EDITOR
WOOLWORTHS staff have been told to sell everything from the chairs they sit on to shopping baskets in a desperate bid to raise cash.
Administrators want to squeeze every last pound out of the doomed 800 branches nationwide, the Mirror can reveal.
A memo to staff at branches across the UK tells them to sell not only the last remaining items on the shelves but also equipment used by staff.
Second-hand mops and buckets used to clean stores, filing cabinets, staff noticeboards, shop displays and ...