LONDON – About 200 Woolworths stores in Britain have shut their doors for good.
The stores that closed on Saturday represent about a quarter of the company’s shops.
The chain’s other 600 stores are to close within about a week unless a last-minute buyer is found for the failed retailer.
It filed for a form of bankruptcy protection last month.
About 27,000 people are expected to lose their jobs.
The collapse of Woolworths just a year shy of the company’s centenary marks the biggest retail casualty in Britain of a recession-fuelled slump in consumer spending.
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