40 Stores to Close... (part 2)

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Re: 40 Stores to Close... (part 2)

Postby William Joseph1 » Thu Jun 07, 2018 10:14 am

It is rumored that Poundworld will announce its administration today

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Re: 40 Stores to Close... (part 2)

Postby Chadwick » Thu Jun 07, 2018 2:15 pm

Six reasons behind the High Street crisis

https://www.bbc.co.uk/news/business-43240996

1. Squeezed incomes
2. The shift to online shopping
3. Changing tastes
4. Rising overheads
5. Too many shops
6. Too much debt

(Although probably nothing you couldn't work out for yourself)

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Re: 40 Stores to Close... (part 2)

Postby Chadwick » Thu Jun 07, 2018 2:16 pm

William Joseph1 wrote:It is rumored that Poundworld will announce its administration today

https://www.bbc.co.uk/news/business-44398352

BBC wrote:Poundworld is poised to announce its intention to appoint administrators.

The move will allow the company 10 days to two weeks to continue talks with potential buyers without the company's creditors being able to make a claim on the business.

It also allows its staff and suppliers to continue to be paid.

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Re: 40 Stores to Close... (part 2)

Postby Boro Boy » Thu Jun 07, 2018 6:04 pm

If House of Fraser can't hack it on Oxford Street then god help us all.

The high street is definitely undergoing a fundamental change and all these people that are loosing their jobs must be starting to stack up...!

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Re: 40 Stores to Close... (part 2)

Postby planteria » Thu Jun 07, 2018 7:14 pm

blythburgh wrote:Amazingly the big London one will close but to the suprise of none, Norwich will stay open.


agreed re. Oxford Street. you'd think that'd be their flagship that they'd look to retain even if it was close to the wire.. is no one going to be surprised that Norwich makes the cut? -is it a great store? Birmingham has been allowed to run downhill, but i'm surprised that they are leaving such a huge city altogether.

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Re: 40 Stores to Close... (part 2)

Postby Boro Boy » Thu Jun 07, 2018 11:10 pm

planteria wrote:
blythburgh wrote:Amazingly the big London one will close but to the suprise of none, Norwich will stay open.


agreed re. Oxford Street. you'd think that'd be their flagship that they'd look to retain even if it was close to the wire.. is no one going to be surprised that Norwich makes the cut? -is it a great store? Birmingham has been allowed to run downhill, but i'm surprised that they are leaving such a huge city altogether.


HoF say their strategy is to move up market...! I would have thought this may work in London but I don't know how likely this business plan will work elsewhere....!?! :problem:

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Re: 40 Stores to Close... (part 2)

Postby planteria » Fri Jun 08, 2018 12:31 pm

https://www.bbc.co.uk/news/business-44404042

i thought the latter part of the article was interesting. the answer to this, in terms of what model to adopt, is an important question for many.

i bought some more Amazon the other week and they have edged up again. i'll just be hanging on now as i see them continuing to build. anyone else holding Amazon? or Ebay? or Alphabet-an indirect beneficiary of folks going online rather than to high streets?
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Re: 40 Stores to Close... (part 2)

Postby kevinchess1 » Fri Jun 08, 2018 2:41 pm

Gutted about H of F :(
My mate works there
Bin Laidoff :?
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Re: 40 Stores to Close... (part 2)

Postby Boro Boy » Mon Jun 11, 2018 9:40 pm

Going... Going... Going...

Maplin 6 days.jpg
Maplin 6 days left
Maplin 6 days.jpg (135.54 KiB) Viewed 195 times
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Re: 40 Stores to Close... (part 2)

Postby planteria » Thu Jun 14, 2018 7:52 am

planteria wrote:i bought some more Amazon the other week and they have edged up again..


edged above $1700 now.. arguably time to take profits, but with the consumer spending trends as they are i see it continuing to build. anyone else any thoughts? or re. other plays against the traditional retail space? or opportunities as a result of overselling in some retailers?

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