BELOVED Woolworths may come back the UK as the German CEO says new UK stores are on his “bucket list.”
The store left our streets in 2009 after falling victim to the credit crunch – but now shoppers are pleading for its return.
GettyWoolworths may return to the UK[/caption]
Woolworth Germany CEO and ex-Aldi UK boss, Roman Heini, is leading an expansion of the store in Europe after it was a hit in Germany.
And, new stores launched in Austria and Poland just last year.
Heini believes that in the midst of rising costs of living there is an opportunity “to make Woolworth great again.”
Woolworth Germany – which has no connection to the now defunct UK retailer – has over 600 shops and is very different from its pre-collapsed predecessor.
Formerly, Woolworth sold many branded goods, such as cosmetics, alongside categories including toys and confectionery.
However, the retailer was increasingly unable to compete on such lines.
Now, the brand focuses on categories such as home goods and clothing basics like underwear and polo shirts.
Heini believes there are “over 300 million potential consumers” in Europe and told Retail Week: “I don’t know of any brands where the recognition will be as high as it is in Britain, without having any stores.
“We have secured all the trademarks for the brand for the whole of Europe, so we could operate if we make the decision.
“It may be in the mix for the mid or long-term future.”
After the problems caused by the pandemic over the past few years Heini acknowledges there is always the possibility of disruptive “black swan events” and the conflict affecting the Red Sea supply chain is a concern.
But, according to retail week, he anticipates a bright future for the store which is targeting €1bn sales in the current year ending in April.
If business continues to boom a return to the UK may just be one step closer.
Known for its pick ‘n’ mix and bargain buys Woolworths was once as British as fish and chips.
But in 2008 it fell into administration and had to close all 807 of its stores.
This was heartbreaking for many Brits as it had been their go to shop since 1909.
When shoppers heard the news that the store maybe returning they flocked to social media to share their joy.
One wrote: “Oh I hope this is true I loved woolies especially at Christmas.”
“I hope it’s true I loved Woolworths I would be so happy if it does” said another.
A third offered:” Oh I do hope so I loved woolworths bring it back soon.”
While a fourth wrote: “Loved Woolworths. Please bring it back.”
GettyIt was loved by Brits for many years before it closed due to the credit crunch[/caption]