Getty Images 5 months ago

The Woolworths logo (at right) launched in August 2008 and still being rolled out in stores around Australia is shown in this photo taken in Sydney on October 6, 2009. Australian supermarket chain Woolworths said on October 6 it was being challenged by US-based technology giant Apple...

AP Photo 6 months ago

People walk past a Woolworths store in Sydney, Australia, Thursday, Aug. 27, 2009. Australia's biggest retailer Woolworths' CEO Michael Luscombe announced at a press conference that full-year sales rose 7.5 per cent after solid results across its business with total sales climbing to...

AP Photo 6 months ago

People cross the street in front of a Woolworths store in Sydney, Australia, Thursday, Aug. 27, 2009. Australia's biggest retailer Woolworths' CEO Michael Luscombe announced at a press conference that full-year sales rose 7.5 per cent after solid results across its business with total...

AP Photo 6 months ago

Woolworths CEO Michael Luscombe addresses media in Sydney, Australia, Thursday, Aug. 27, 2009, during their full year results announcement. Luscombe said the full-year sales rose 7.5 per cent after solid results across its business with total sales climbing to $49.6 billion.

Shoppers walk at the lingerie section inside the Woolworths store at the Sarit centre shopping mall in Kenya's capital Nairobi, July 21, 2009. Kenya's biggest fashion and home goods retailer, Deacons, said on Wednesday its five South African brands were doing well in the east African...

A staff member arranges merchandise on display inside the Woolworths store at the Sarit centre shopping mall in Kenya's capital Nairobi, July 21, 2009. Kenya's biggest fashion and home goods retailer, Deacons, said on Wednesday its five South African brands were doing well in the east...

A man leaves a Woolworths supermarket in east Sydney July 22, 2009. Woolworths Ltd, Australia's largest supermarket chain, met its sales growth forecast for the year, reporting a 7.5 percent rise on a normalised basis, powered by strong growth in Australian food and liquor.

An Australian Navy soldier arrives at a Woolworths supermarket in Sydney October 20, 2009. Woolworths Ltd, Australia's largest supermarket chain, reported a slowdown in sales growth on Tuesday, raising some doubts over whether its costly store refurbishments are delivering adequate...

A shopper walks past a former Woolworths store in Ashby de la Zouch, central England March 27, 2009. Britain's economy shrank even more abruptly than expected in the last three months of 2008 as construction output was revised sharply lower and firms ran down stocks at a record pace,...

A man uses his mobile phone in front of a Woolworths supermarket in Sydney August 27, 2009. Woolworths Ltd, Australia's largest supermarket chain, on Thursday forecast annual profit growth to slow, voicing caution over consumer spending, as it posted results in line with market...

A cash register is seen behind a smashed window of the former Woolworths store in Ashby de la Zouch, central England May 1, 2009. Nearly 5,000 firms in England and Wales went into liquidation and a record number of people succumbed to insolvency in the first three months of 2009, as the...

A name sign with missing lettering is seen above the entrance to a former Woolworths store in Ashby de la Zouch, central England May 1, 2009. Nearly 5,000 firms in England and Wales went into liquidation and a record number of people succumbed to insolvency in the first three months of...

AP Photo 11 months ago

A shop of retail chain Woolworth in Frankfurt, Germany, on Tuesday, April 14, 2009. German discount retail chain Woolworth Deutschland has filed for bankruptcy protection amid falling sales and increasing competition, officials said Tuesday. Frankfurt administrative court spokesman...

Insolvency administrator Ottmar Hermann is surrounded by media as he arrives at the Headquater of Woolworth in Frankfurt April 14, 2009. German department store chain DWW Woolworth GmbH & Co, owned by British investor Argyll Partners, filed for insolvency on Tuesday, a court said. The...

Insolvency administrator Ottmar Hermann enters the Headquater of Woolworth in Frankfurt April 14, 2009. German department store chain DWW Woolworth GmbH & Co, owned by British investor Argyll Partners, filed for insolvency on Tuesday, a court said. The news comes just months after...

Sign reading ' Now reduced' and ' Woolworth, more than convenient' are pictured at a Woolworth shop in Hamburg April 14, 2009. German department store chain DWW Woolworth GmbH & Co, owned by British investor Argyll Partners, filed for insolvency on Tuesday, a court said. The news comes...

A woman looks for goods at a Woolworth shop in Hamburg April 14, 2009. German department store chain DWW Woolworth GmbH & Co, owned by British investor Argyll Partners, filed for insolvency on Tuesday, a court said. The news comes just months after Britain's Woolworths, the 100-year-old...

Shoppers walk past a Woolworth shop in Berlin April 14, 2009. German department store chain DWW Woolworth GmbH & Co, owned by British investor Argyll Partners, filed for insolvency on Tuesday, a court said. The news comes just months after Britain's Woolworths, the 100-year-old...