Woolies began its 50% off mega-sale last week. Sadly, it had ‘up to’ written as a myopically small pre-fix and all we found was a lousy 10% off Mirror’s Edge. Now though, administrator Deloitte is beginning to discount in earnest as it moves to closing down status in order to clear out all the remaining stock, having failed to find a buyer for the ailing retail group.
“While we are still seeking bids from interested parties, Christmas is clearly the busiest time of the year for retailers and it is prudent to do all we can to sell existing stock,” said Neville Kahn, a partner at Deloitte. “By moving to a store closing sale and further discounting the stock, we are maximising the sales potential that this period offers.”
As Christmas day nears, it might be worth keeping a close eye on what happens with its video game prices as we think it highly likely that some much better bargains will be found.
Meanwhile, things look decidedly grim for the familiar high-street name. Numerous companies are believed to have expressed an interest in the business, but no deal has yet been reached. This is of particularly bad news to the 30,000 Woolworths staff and retail partners such as Zavvi (formerly known as Virgin Megastores). The company is also believed to owe millions to game publishers Nintendo and Microsoft.
Woolworths (needless to say, the website doesn’t work) (via GamesIndustry.biz)
