The website claims;

“Press releases will be produced to promote the site across the UK.  These will highlight the advantages of employing you because of your loyalty, training, proven experience , transferable skills and the fact that you are redundant through no fault of your own.
It I hoped that employers will be keen to snap up such workers . You can choose what to say and highlight your strong points. It may save you time and expense and disheartening rebuffs from taking CV’s to employers and ‘knocking on doors’ .
Also if more than one employer wants you then you may be able to negotiate a better deal . There may be other employers out there besides retail ones who would welcome you because of your transferable skills but you may not necessarily know who to approach…here they may come to you.
By acting as an identifiable group,  exposure to the job market and potential employers will be higher….an employment co-operative!”

The shopworkers union USDAW is urging former Woolworths employees to avoid a website set up by a Cheshire company which is offering to help them find work. (source: crainsmanchester)

On what is supposed to be the busiest day for internet retailers.. comscore reports increased traffic during this christmas period, however trends suggest that web traffic is somewhat lower than previous years..

Top-5 Internet retailers 10% down on same period last year

Source; comscore

The group says the site could be the first of many new projects.. “Several complimentary domain names have also been purchased that may be of use in the future.” No launch date has been set for the saveonsofa.co.uk site..

Home Retail Group is one of the UK’s leading retailers with sales of £6bn in the last financial year. HRG recently purchased intellectual property rights to Alba and Bush trademarks for 15.25m.

They predict the peak online shopping hour will happen between 1300-1400 GMT when £28m may be spent online in an hour. Today we expect to see sales soar by 25% compared to last year, the firm predicted. Some 29 million people are expected to use the internet to buy Christmas presents this year.

source http://news.bbc.co.uk/1/hi/business/7770338.stm