UK excessive streets might be set to roll again the years as Woolworths – or higher identified merely as Woolies – might be set to make a return.
The CEO of Woolworth Germany, Roman Heini has teased plans to develop the chain throughout Europe after working solely in Germany, Poland and Austria till now.
In an interview with Retail Week Mr Heini mentioned that he desires to “make Woolworth great again” including that it is on his skilled bucket record to roll out 5,000 retailers throughout Europe.
Despite plans to open within the UK not being imminent, he mentioned {that a} transfer to convey Woolworth Germany over to our shores is one thing he’s very eager on.
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(Image: Mirrorpix)
Mr Heini mentioned: “I don’t know of any brands where the recognition will be as high as it is in Britain, without having any stores.”
He added: “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.”
Woolworth Germany and the previous UK retailer don’t have any connection besides that their shared parentage with F. W. Woolworth Company.
(Image: Scunthorpe Evening Telegraph)
Unlike Woolworths UK that needed to shut for good in 2009, Woolworth Germany managed to energy via their monetary troubles and they’re aiming for €1bn (round £859m) gross sales within the yr to April.
Much like their previous British counterparts, the German retailer gives a variety of merchandise specialising in homeware but in addition sells garments, which has enabled it to be worth aggressive based on Mr Heini.
The German CEO mentioned that 90% of its merchandise had been house manufacturers and that 60percentt of the ten,000 objects it sells can be found for beneath €3.
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