40 Stores to Close... (part 2)

Money, investing, mutuals etc
Boro Boy
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Re: 40 Stores to Close... (part 2)

Post by Boro Boy » Fri Dec 28, 2018 2:40 pm

News is glum for HMV so if you were given any of their gift vouchers at Christmas it may be best to use them quickly...!

It sound like the rescue HMV have earlier in the year is turning sour, which is a real shame as I cannot see it being rescueable again. If it goes 2000+ jobs go with it... Is this another household name to vanish?

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

Post by Constantine » Fri Dec 28, 2018 3:38 pm

TattyBear wrote:
Thu Dec 20, 2018 9:20 pm
Clearly there's somewhat of a paradox in Timpson's report. Too many shops, not enough housing, he says. Well, if you build more houses, you're putting more people in an area. This will invariably increase the need for basic retail facilities ie small local supermarkets, clothing, newsagents, restaurants etc etc.
Not really.

If you build more houses, you might well be putting more people in an area, but only at the cost of having less people in another area. There will be no change in the need for basic retail facilities in the UK as a whole.

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

Post by Boro Boy » Fri Dec 28, 2018 3:59 pm

Constantine wrote:
Fri Dec 28, 2018 3:38 pm
TattyBear wrote:
Thu Dec 20, 2018 9:20 pm
Clearly there's somewhat of a paradox in Timpson's report. Too many shops, not enough housing, he says. Well, if you build more houses, you're putting more people in an area. This will invariably increase the need for basic retail facilities ie small local supermarkets, clothing, newsagents, restaurants etc etc.
Not really.

If you build more houses, you might well be putting more people in an area, but only at the cost of having less people in another area. There will be no change in the need for basic retail facilities in the UK as a whole.
I can see your point but what about this... people moving from rented flats into mortgaged homes tend to buy more household retail produce, carpets, bedding, kitchen appliances etc rather than nights out and saving for the future as their future is now... So it looks as if retail is the winner in that situation and more houses could stimulate the retail market, at least in some areas.

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

Post by pabenny » Fri Dec 28, 2018 5:36 pm

Boro Boy wrote:
Fri Dec 28, 2018 3:59 pm
... people moving from rented flats into mortgaged homes tend to buy more household retail produce, carpets, bedding, kitchen appliances etc..
The trouble is, there are fewer of those people. Home ownership has fallen markedly, particularly in the under 35 age group, where less than a third are owner-occupiers, compared with more than half 20 years ago.

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

Post by Boro Boy » Sat Dec 29, 2018 2:25 am

pabenny wrote:
Fri Dec 28, 2018 5:36 pm
Boro Boy wrote:
Fri Dec 28, 2018 3:59 pm
... people moving from rented flats into mortgaged homes tend to buy more household retail produce, carpets, bedding, kitchen appliances etc..
The trouble is, there are fewer of those people. Home ownership has fallen markedly, particularly in the under 35 age group, where less than a third are owner-occupiers, compared with more than half 20 years ago.

Isn't this going full circle...? ...because there are fewer new homes being built? :wtf:

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

Post by Boro Boy » Sat Dec 29, 2018 2:31 am

Boro Boy wrote:
Fri Dec 28, 2018 2:40 pm
News is glum for HMV so if you were given any of their gift vouchers at Christmas it may be best to use them quickly...!

It sound like the rescue HMV have earlier in the year is turning sour, which is a real shame as I cannot see it being rescueable again. If it goes 2000+ jobs go with it... Is this another household name to vanish?
So the hunt is on for a financial rescue....!

See: https://www.bbc.co.uk/news/business-46699290

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

Post by William Joseph1 » Sat Dec 29, 2018 10:11 am

HMV to honour gift cards despite going into administration

https://www.bbc.co.uk/news/business-46708075
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Re: 40 Stores to Close... (part 2)

Post by planteria » Sat Dec 29, 2018 10:16 am

word very early was that a successful rescue is far less likely this time .. i think the writing was&is on the wall either way. i have a points card, but there's nothing any of us want from there. i have CDs that i want to keep, but i don't want any others.. is anyone here still buying CDs? ..get music on youtube, tv/films on Sky/Netflix.

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

Post by Boro Boy » Sat Dec 29, 2018 11:43 am

planteria wrote:
Sat Dec 29, 2018 10:16 am
word very early was that a successful rescue is far less likely this time .. i think the writing was&is on the wall either way. i have a points card, but there's nothing any of us want from there. i have CDs that i want to keep, but i don't want any others.. is anyone here still buying CDs? ..get music on youtube, tv/films on Sky/Netflix.
I can see where you are coming from but its always nice to send/receive a DVD/CD as a present, the problem is I doubt that is going to keep a nation wide string of shops open...!?!

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

Post by planteria » Sat Dec 29, 2018 6:49 pm

ie. there's no "but", you agree.. the model has gone. teens don't have a physical music collection, and for those who want to buy CDs or Books, Amazon is the obvious choice, and remains the retailer to back - along with the benefit of their other businesses.

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