Maybe not such a good idea…

It’s at this time of year that you see a lot of adverts for Christmas savings clubs.

Despite the Farepak collapse there are still other businesses out there willing to take your money.

One company was advertising recently on the television and you could save towards High Street vouchers.

Looking at the advert, I am not so sure this is such a good idea…

Don’t think vouchers for Woolworths are worth much these days!

Seriously though these saving schemes are very popular, there are often better ways to save money for Christmas.

Here’s another two…

After Wookworths and MFI, analysts were forecasting that ten retail chains would close in the next twelve months.

Well a few days ago I mentioned Zavvi.

You can add Whittard to the list.

It now looks like Adams will be going too…

UK childrenswear retailer Adams has applied to go into administration, the BBC has learned.

Read more.

So that’s three down, seven to go…

One down, nine to go…

So only the other day, analysts were forecasting that ten retail chains would close in the next twelve months.

Well one has gone already!

Zavvi has been placed in administration.

The BBC reports:

Music, games and DVD chain Zavvi has gone into administration, Ernst & Young has announced, threatening 3,400 jobs.

The troubled chain has been badly affected by the demise of Woolworths, which forced it to stop taking new orders via its website.