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Hundreds of Woolworths stores still empty.

Summary: Almost 70 per cent of ex-Woolies stores are still empty more than six months after the retailer ceased trading.

Seven out of ten former Woolworths stores are still standing empty more than six months after the high street chain closed the last of its outlets.

Research by the Local Data Company has found 560 of the 807 shops are yet to be taken over by other retailers.

North East England is proving the toughest region to sell on stores, with more than 90 per cent still boarded up, according to the study.

And of the 247 stores which have been taken on, the research shows many are now discount stores and pound shops.

Bargain Madness has 31 stores, Home Bargains has eight, while Poundland has ten and 99p stores has 21. Heron Frozen Foods and Carpetright each have 11 of the shops.

Woolworths' administrator Deloitte has struck several deals to sell on premises, the largest being the sale of around 50 to frozen food giant Iceland in January.

Around 180 leases have been sold or assigned, generating an estimated Au50 million, while 240 leases have reverted back to the landlord - leaving Deloitte with 387 still to shift.

Independent Television News Limited 2009. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Jul 13, 2009
Words:222
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