VG247 » woolworths

Microsoft prepares to sue over loss of Woolworths stock

Mike — Mon, 05 Jan 2009 16:29:03 +0000

According to this Time Online report, Microsoft is preparing to launch a class action suit against UK high street retailer Woolworths in a bid to reclaim several millions of pounds worth of stock.

The chain is set to close its doors to the public tomorrow as the recent credit crunch took its toll early last month. However, according to the Times article, the firm still has tens of millions of pounds of stock in its warehouses.

“Under ‘retention of title’ rules, suppliers can claim back their own stock if it has not been paid for but, more broadly, they can claim stock that has been paid for in lieu of debts,” says the piece.

GameStop stamps on Woolworths buyout rumour

Patrick Garratt — Fri, 05 Dec 2008 22:36:16 +0000

An MCV rumour that GameStop is looking at buying dying UK retailer Woolworths is incorrect, the US chain has said in a statement.

“Claims originating from games industry publication MCV hold no merit and are completely inaccurate,” the company said.

MCV did not comment on GameStop’s release.

The site’s original piece cited an anonymous source who said, “[U.K. retailer] GAME frustrated GameStop when it bought GameStation. Bosses at GameStop had pretty much given up on launching a U.K. assault – but now, thanks to Woolies, that door is open again. They’re up against other bidders, but they’ll fight tooth and nail.”

Up to 50% off all Woolworths stock today

Patrick Garratt — Fri, 05 Dec 2008 11:11:33 +0000

And that includes games, apparently. The UK retailer went into administration last week, and has now announced its “Biggest Ever Sale”.

Administrator Deloitte told MCV in a statement:

“We anticipate increased footfall in the stores and have hired additional staff to cope with increased demand. Additional goods have been moved to all stores and further stock will be added in the coming days.

“There is continuing interest in the core Woolworths business and the Sale will continue whilst potential buyers finalise their plans for the purchase of the business.”

It’ll be like rats stripping a corpse. Take your shotgun.

Rumour: Woolworths catalogue shows UK 360 cuts

Patrick Garratt — Fri, 12 Sep 2008 13:18:00 +0000

Here we go! This Engadget story‘s showing a shot of what’s purporting to be the next Woolworths catalogue, showing a hefty price cut across all Xbox 360 SKUs.

Arcade is shown for £130, Premium for £170 and the Elite for £230.

We’ve been told by senior UK sources in the past week that top-rankers would be “very surprised” is there was no Euro 360 cut in time for Christmas, so don’t be bloen away if this does turn out to be true.

See the image through the link.

Toshiba “disappointed” by Woolworths HD-DVD decision

Patrick Garratt — Mon, 28 Jan 2008 15:55:21 +0000

Well, it was hardly going to be particulalrly pleased about it, was it? UK retailer Woolworths dumped HD-DVD today, meaning Blu-ray will be the only next generation disc movie format stocked in its 800-plus high street stores. In a statement issued to GI this afternoon, HD-DVD player manufacturer Toshiba was less than thrilled, but managed to spin the situation all the same.

“While we’re disappointed by Woolworths’ decision, it is extremely early to spot which format will eventually win,” commented Oliver Van Wynendaele, euro assistant general manager of Toshiba’s Consumer Products Division. “We have been hugely successful in expanding the number of consumers owning HD-DVD players. UK consumers can now pick-up an HD-DVD player for less than GBP 150, around half the cost of other HD formats. Even before pricing reached this level, HD-DVD represented more than 60 per cent of the overall standalone high definition market.”

Woolworths noted that PlayStation 3′s inclusion of Blu-ray was a driving factor in making its decision to dump HD-DVD.