Well worth the difference

Proving that not everything is doom and gloom at the moment and some good can come out of losing your job, former Woolworths worker, Claire Robertson, has shown her initiative, along with 20 of her former colleagues, in re-opening a Woolworths store in Dorchester.

She said: "It gives people a bit of inspiration to go out and do something new or change direction especially in these gloomy economic times when all the news is depressing."

It has now been re-opened under a new brand name, WellWorths (nicknamed Wellies) and despite having to close 815 branches and having debts of more than £385 million, Wellworths has been a joint ownership idea surrounding employees who were, in part, employed by Woolworths for over 20 years.

Collating their retail experience and sales knowledge, all Wellworths workers will now look forward to a more hopeful future instead of an uncertain unemployed period.

Claire was financially assisted by a consortium which was engineered by the owner of the premises, realising that there was a building to fill, a gap in the high street retail market and a chance to re-brand into a new concept. The store will follow the same structure as the former Woolworths but will drop its line of CD’s and DVD’s.

Definitely one to watch in terms of financial spread betting if all things go according to plan. If Wellworths become as financially strong as Woolworths did at their best, their profit margins will be ‘Wellworth’ a look at!