[MrMoney]

A year or two ago, if you told me that woolworths would go under, i would have laughed right back in your face!
Now almost every single day a big name high street retailer seems to go under...so who is going next?
officers club, adams, USC, morgan, mfi, zaavi the list goes on and on.

Let's not forget the small local shops as well. If the big shops can't survive, what hope is there for the rest of the high street.

[GettingTight]

The only thing I can think of are the ones that I don't think will fold. McDonalds will be ok, Dorothy Perkins, Pizza hut to name a few. I think that Woolies was tragic and I'm upset that the government steps in so fast to deal with the banks but lets a national institution go under.

What about travel places-have you give any thought to the next of those to go under?

[Henry]

I would be afraid to even speculate about who is next. The state things are in, anything is possible. I really think that the local shops would have an advantage over the large stores. At least people know them and what they offer. Especially grocers. I would rather buy from someone local than a big store that doesn't have a clue about where their things come from.

[Sara]

I have family in Australia and when I was there over Christmas, Woolworths is the largest supermarket across every state. They're just huge and they're running a monopoly over there (almost). I wonder if I should tell my sister that she needs to sell her Woolies shares just yet?

[h_jayne_69]

My partner works for JJB and we are getting increasingly concerned about its liquidity. Yesterday they announced that they are calling in administrators for the 'lifestyle' part of the chain (Original Shoe Company and Cube) so that will probably mean around 800 redundancies. I suppose we could see it as a good thing as the company pruning its loss making sections might save it in the longer run but it is all still quite concerning for us .

H x

[emptywallet]

Woollies was a national institution that was going down the pan for years, they failed to move with the times, they did too little too late, still a shame that they're now gone. I don't know whether they will cut it as an online only retailer they're heading into a saturated market.

[emptywallet]

Seeing the headlines over the past week, it looks like Principles has now gone to the wall.

[MrMoney]

Even i could not anticipated how radical the face of the high street change was going to be when i first posted this topic!
Santander to do away with 3 british institutions including the one time largest UK building society Abbey as well as Alliance and Leicester...and now Lloyds to do away with Cheltenham and Gloucester by November.
Will there be anything British left on the High street at this rate.

[jingles]

Depends what you mean by "British" I suppose. I mean, Woolworths seemed such a British institution didn't it but it was owned by an American company Wall Mart who, by the way, also own that other great British supermarket, Asda! If you dig deep enough, there aren't many actually owned by the UK.

[fatcat]

Woolworths was never owned by Walmart, it was originally owned by the kingfisher group. There was a company restructure and the Woolworth's Group was formed which Woolworths became a part of.