Five big names that disappeared from our high streets
Sky News reported this morning that a spokesman confirmed the process of administration has started, with an announcement due at 11.30am.
Staff and customers alike will be holding out for a glimmer of hope amongst the gloom, with a rescue deal or buyout still possible.
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Hide AdThe last few decades have been particularly brutal for the retail sector, as failure to keep up with ever-changing consumer habits has proved the death knell for many iconic brands.
Here are five other big names that have disappeared from our high streets - some from a failure to keep up, while others were simply absorbed or taken over by competitors in the cut-throat world of business.
Woolies
Fondly remembered for its pick and mix and - by older readers - as the place to get the latest record.
Woolies even had its own record label - Embassy Records - and remained a UK market leader in terms of music sales well into the 1990s, with strong competition from supermarkets such as Tesco and Asda finally encroaching on their position.
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