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Woolworths Germany goes bust

Woolworths in Germany went bust today. Until I saw this article, I didn't know there was a Woolworths in Germany. It is/was quite a big chain and has been around for a very long time. I suppose this goes to show how bad things are for retailers all over Europe.

Woolworth Germany files for insolvency

http://uk.reuters.com/article/businessNews/idUKTRE53D1Z520090414
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Comments

  • Abbafan1972
    Abbafan1972 Posts: 7,178 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Me too, didn't know there was a Woolworths in Germany either.
    Striving to clear the mortgage before it finishes in Dec 2028 - amount currently owed - £18,886.27
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Sorry it should not me laugh as it is not funny, but it seems doom as been a bit quiet so we have to ship it in from the continent.

    I know the doomers like to think we like to import everything, but I did not think we imported our daily doom as well.;):D

    Did the investment house have any relation to UK division?
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Shouldn't it be called Voolvorths?
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Actually, woolworths started in America. (IIRC)

    Sound familiar? :)

    As for shipping in bad news....its a global crisis, innit?!
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Actually, woolworths started in America. (IIRC)

    Indeedy. And I'm sure I read somewhere that they were the first shop in the world (or certainly the first major retailer) where you walked round the shop and were able to browse and pick up goods yourself and take them to a cashier. Up to that point you always asked the owner for what you wanted and they got it for you.

    As with all my 'facts' though, I could be completely wrong.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    http://en.wikipedia.org/wiki/Woolworths

    Woolworth, Mississippi is a ghosttown in rural Lincoln County. Showing all things link to the housing market, rofl (joke rabbid die hards of all extremes, its a joke)

    The other stuff is quite interesting though....in passing.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Cleaver wrote: »
    Shouldn't it be called Voolvorths?
    To borrow a leaf from your book, let me know if you need a thanks for this.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    To borrow a leaf from your book, let me know if you need a thanks for this.

    Can you pop back on at 10pm? If it's still just one, I wouldn't mind you giving me a little clicky. Cheers.
  • bluey890
    bluey890 Posts: 1,020 Forumite
    Cleaver wrote: »
    Shouldn't it be called Voolvorths?

    The German W is pronounced like an English V (e.g. the W in "Wasser" sounds like an English V).
    So despite the German V pronunciation, it may be spelled with a W.
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • Jennifer_Jane
    Jennifer_Jane Posts: 3,237 Forumite
    1,000 Posts Combo Breaker
    So, isn't that why Cleaver said 'Shouldn't it be called Voolvorths?'

    :rotfl:

    (The silly smiley is to show that I'm not that pedantic about it).

    Jen
    x
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