UK licensing industry digs out from Woolworths’ wreckage
The closing of 131-year-old Woolworths presents an unenviable problem for those working in the UK licensing industry. The iconic British retailer was known as a go-to for licensed goods in the territory, and with the shuttering of its 700 outlets on January 5, licensors and licensees alike have lost a spot on the high street at a time when shelf space is harder than ever to come by. That said, the industry seems to have been girding itself for the bankruptcy (and the global economic downturn) by forging new retail strategies.
February 17, 2009
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