Granada And Littlewoods Shut Up Shop!
Granada and high street retailer Littlewoods have decided to close their joint venture home shopping TV channel, Shop!, at the end of this month.
The move follows a business review, which concluded, according to Shop! chairman and Littlewoods’ sales and marketing director Susan Murray, that “Whilst e-commerce is achieving growth with profit potential…Shop! will not meet its shareholders’ expectations.”
Shop! launched in November 1998 (see Granada And Littlewoods Launch New Home-Shopping TV Channel)and was followed by a website in September 1999. Consultation has begun with the 390 employees, a significant number of whom are expected to be redeployed.
Last year another Granada home shopping joint venture, the Wellbeing Network, launched in association with Boots, also closed last year as part of a cost-cutting drive (see Granada To Close WellBeing TV Channel).
Granada: 020 7620 1620 www.granada.co.uk
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