Silly Season: Woolies to Close (OH no it isn't, OH Yes it is...)

Panto time is nearly upon us and the usual voices are complaining about hard things are, how wonderful this time of year is and how much we're going to get fleeced for Christmas gifts.

If there's anything left that is.

Breaking UK News. Woolworths UK has gone into administration. The flagging retailer which had refused to evolve (like some of its high-street counterparts like M&S) is destined to fail. Or maybe it isn't. Perhaps someone will buy it and mountain of debt that it's managed to wrack up.

The problem is more one of a knock on effect. If Woolies goes, its distribution arm might go to and that supplies DVDs and the like to places like Zavvi.

O Crap.

Personally, I can't feel sorry for Woolies management or MFIs come to that. Both have teams have been taking very fine salaries for themselves with absolutely no reflection on how the company is performing. I do feel sorry for the everyday joes who will lose their jobs. That's only going to add to the competition for newly created jobs and that can't be a good thing. Particularly as the way things are going, I'm likely to be joining them.

Bugger.