Woolworths to slash over 60% off some items

Woolworths administrator Deloitte has revealed that the retailer will start slashing prices on products by over 60 per cent in the lead-up to the New Year. The firm’s Neville Kahn today revealed that over 50 million new stock items – including entertainment and toys – were being shipped into stores …

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Administrator chasing up Zavvis EUK debt

EUK administrator Deloitte has refused to confirm the amount of money that Zavvi owes the distributor – but has said that it will actively chase up” the entertainment retailer’s debt. EUK and Woolworths joint administrator at Deloitte Neville Kahn said: Zavvi is one of the major customers that owes money …

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Woolies and EUK: Over 500 suppliers owed cash

The administator in charge of Woolworths has revealed that over 500 suppliers to Woolworths and EUK – including many games publishers – stand to lose money on products sold into both companies. However, joint administrator of Woolworths at Deloitte Neville Kahn said that EUK’s warehouses – which still hold millions …

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Amazon silent on games downloads

Online retail giant Amazon has refused to rule out the possibility of video games downloads becoming available on the site in the New Year. Amazon launched its online music downloads service – a direct rival to iTunes – on December 3rd. Amazon MP3 sells tracks from 59p and albums from …

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Official: Woolies to close in 19 days

The death knell has rung for Woolworths – with administrators Deloitte confirming that all 807 remaining stores will be closed down by January 5th. The first stores will close on December 27th – and in more sad news for the firm, all 27,000 permanent and temporary staff will lose their …

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