Woolworths planning return to High StreetThe Group, which is owned by Sir Fredrick Barclay and Sir David Barclay, purchased the Woolworths brand name for £7 million in February 2009, going on to launch the woolworths.co.uk online site. It is now thought to be considering setting up franchised shops rather than company-run outlets.
The chief executive of Shop Direct Group, Mark Newton-Jones, said that the development is likely to take place in the New Year, saying: “We believe it could be a successful chain of up to 200 stores, supported by the buying power of the Shop Direct Group.”
Other retailers have already tried to fill the gap left by Woolworths, including Wellworths and Alworths, the latter of which opened its second store in Amersham earlier this month. Shop Direct Group has sent a legal letter to Alworths claiming its name is too similar to Woolworths.
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