40 stores to close... (part 3)

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planteria
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Re: 40 stores to close... (part 3)

Post by planteria » Sat Mar 23, 2019 10:09 am

interesting observations pabenny..
my home town is struggling as a town centre, but has 3 Poundland stores, two of them the largest format i've seen, and all seem to do ok.

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Re: 40 stores to close... (part 3)

Post by blythburgh » Sat Mar 23, 2019 11:05 am

We have one Poundstretcher and one Poundland in town centre. We also have B and M (or bum shop as my 91 year old neighbour calls it) in a small retail park on the southern edge of town. They are building a new retail park next to it which will have a The Range store in it among with other things. To the west of the town centre is another larger retail park which has a 2nd Poundland and another similar shop whose name I forget.

But the town centre is struggling at the moment. BHS closed down, few months B and M took it over, The Body Shop and Claires decided not to renew lease. Poundstretcher moved further into centre of town and their old shop has remained empty for a couple of years or more. Argos had a town centre and a retail park shop but closed the town one. We did have QD (regional shop similar to Poundstretcher) but that closed and eventually they opened a new store almost on the edge of the town centre. And yesterday Coes, a small regional mens outfitters announced it was closing after 50 years here. They point out to the 13 weeks the edge of town centre work to repair a collapsed sewer which took place over the Christmas shopping and January sale period and the faact it was the latest in a series of roadworks over recent years. Coes also cited the high cost of parking in the town. A large cafe also closed a few months ago citing high business rates.

Does the council want us all to shop at retail parks with free parking? They closed a town centre car park due to structural concerns and there are no plans to replace this parking.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 40 stores to close... (part 3)

Post by pabenny » Sat Mar 23, 2019 4:44 pm

planteria wrote:
Sat Mar 23, 2019 10:09 am
interesting observations pabenny..
my home town is struggling as a town centre, but has 3 Poundland stores, two of them the largest format i've seen, and all seem to do ok.
There will always be locations where a weak retailer can (appear to) thrive. TBH I'm in two minds about Poundland. It's really difficult to make money selling low value items - even if your margins are good, the low transaction value means the absolute profit per basket is low. At the end of the day, it probably comes down to their property costs.
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Re: 40 stores to close... (part 3)

Post by William Joseph1 » Sat Mar 23, 2019 10:21 pm

Thomas Cook to close 21 stores and cut jobs
Story here: https://www.bbc.co.uk/news/business-47665603
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Re: 40 stores to close... (part 3)

Post by expressman33 » Sun Mar 24, 2019 12:04 am

blythburgh wrote:
Sat Mar 23, 2019 11:05 am
Does the council want us all to shop at retail parks with free parking? They closed a town centre car park due to structural concerns and there are no plans to replace this parking.
No good if you don't drive :thumbdown:
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Re: 40 stores to close... (part 3)

Post by blythburgh » Sun Mar 24, 2019 8:10 am

Good news: both our existing retail parks on a a bus route. Bad news: for most in the south of the town it means changing buses and if you want to go to the Southern retail park you have to get a bus into town (slow due to the ever present traffic jams) and then get a bus back to the retail park.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 40 stores to close... (part 3)

Post by xrppzi » Sun Mar 24, 2019 9:25 am

blythburgh wrote:
Sun Mar 24, 2019 8:10 am
Good news: both our existing retail parks on a a bus route. Bad news: for most in the south of the town it means changing buses and if you want to go to the Southern retail park you have to get a bus into town (slow due to the ever present traffic jams) and then get a bus back to the retail park.
What's a bus???? :problem:
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Re: 40 stores to close... (part 3)

Post by William Joseph1 » Mon Mar 25, 2019 8:56 am

A further shift to online as
Majestic Wine to close stores and rebrand as Naked
https://www.bbc.co.uk/news/business-47691075
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Re: 40 stores to close... (part 3)

Post by blythburgh » Mon Mar 25, 2019 11:01 am

I forgot one big store closure. Beales bought the Co-op department stores and the one in the town centre was very large. Further down the road was Chadds department store that was sold to the Palmers Group. Now Beales have bought Palmers it makes sense to close the Beales store.

And that could be very good news: many in the town are demanding a Primark (not me though) and there is a large shop just waiting for them. Or not as they did not take on the old BHS property but that is now occupied.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 40 stores to close... (part 3)

Post by pabenny » Wed Apr 03, 2019 10:36 am

Boots are warning of possible store closures: https://www.bbc.co.uk/news/business-47798088

This looks more like a response to a disappointing quarter (and to show the markets that they are taking action) rather than anything fundamental. The BBC report doesn't mention any numbers for possible closures.

Boots must rank as one of the most trusted and relied on chains in the country and not particularly vulnerable to online competition. They successfully re-focussed the business into health and beauty (who remembers them selling records, kitchenware, audio and photography, toys?). They're a survivor.
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