JON SALISBURY: High Street casualties

The recent troubles for video games retailer GAME have brought back memories of the collapse of Woolworths for our columnist?
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"Recent reports in our sister publication, MCV, have made for very uncomfortable reading with headlines screaming about the very public collapse of GAME and the closure of a whopping 277 stores with a tragic 2,107 jobs being axed.

The closest analogy in toy terms would be the seismic shock of the total collapse of Woolworths. A direct comparison would be misleading because Woolies wasn’t a specialist chain and no stores at all were saved. For most of the year, it was the biggest retailer of toys in the UK with 800 stores peddling a wide range of products but, come Christmas, Argos would wrest market leadership away from the wonderful world of Woolies as the killer marketing mechanism that is the Autumn/Winter Argos catalogue kicked in."

Click here to read Jon Salisbury's column in full.

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