Woolworths’ 400 remaining shops will stay open an extra day to raise more money from stock sales.

Administrator Deloitte has delayed the closure of the shops by a day in a bid to raise more money for Woolworths' creditors, who were owed £385m when the company went into administration in November.

Around 200 stores due to close today will now be open on Saturday. A further 200 expected to shut their does for the last time on Monday will now be open ion Tuesday.

The 100-year-old high street retailer has been selling all its stock at cut prices since 11 December to help pay its debts. Its main creditors are understood to be Burdale and GMAC.

More than half of Woolworths' 813 stores have already been closed. Attempts to sell the business as a going concern failed.