Woolworths to shut up shop by 5 Jan

With a buyer still yet to be found for broke retailer Woolworths, the company's administrators are warning shops will start shutting from 27 December.

Under the closure plan all 807 stores will be shut by 5 January, with all 27,000 permanent and temporary staff made redundant.

The administrators Deloitte said there was still interest in parts of the business, but have said they have had no luck in finding a buyer to purchase the business as is.

Deloitte also warned that - unless a last minute buyer is found - it's "clear that the creditors and suppliers will not get paid in full".