40 stores to close... (part 3)

Money, investing, mutuals etc
Dream on
Posts: 614
Joined: Fri Nov 04, 2011 7:16 pm
Has thanked: 3134 times
Been thanked: 424 times
Contact:

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

Post by Dream on » Sun Apr 07, 2019 4:27 pm

pabenny wrote:
Wed Apr 03, 2019 10:36 am
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.
But very expensive compared to many other stores and not particularly convenient to visit as most (if not all) of their sites are High Street, prime shopping locations. As someone who shuns crowds or high footfall areas. It is not somewhere I am likely to go to.
Thanked by: blythburgh

Constantine
Posts: 662
Joined: Fri Jul 02, 2010 1:04 pm
Has thanked: 44 times
Been thanked: 538 times
Contact:

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

Post by Constantine » Sun Apr 07, 2019 6:32 pm

William Joseph1 wrote:
Sun Apr 07, 2019 3:17 pm
It is very doubtful, although not impossible that the independent Co-ops will ever give up their mutual status. They are more likely to be absorbed into the CWS or the Co-op group.
No, it's the Co-operative Group (CWS) Ltd.
http://www.company-histories.com/Cooper ... story.html

The CWS and the CRS merged in 2000. There is only one Co-Op group and a few surviving regional Co-Ops that have a trading relationship with the big one.

planteria
Posts: 5153
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 412 times
Been thanked: 1534 times
Contact:

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

Post by planteria » Sun Apr 07, 2019 9:37 pm

William Joseph1 wrote:
Sun Apr 07, 2019 3:17 pm
It is very doubtful, although not impossible that the independent Co-ops will ever give up their mutual status. They are more likely to be absorbed into the CWS or the Co-op group.
i tend to agree, although CWS and The Co-op Group are the same thing, and word around the Midlands campfire is that there's no appetite for mergers.
Thanked by: blythburgh

Boro Boy
Posts: 3792
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 992 times
Been thanked: 2090 times
Contact:

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

Post by Boro Boy » Mon Apr 08, 2019 12:35 am

William Joseph1 wrote:
Sun Apr 07, 2019 2:51 pm
pabenny wrote:
Sun Apr 07, 2019 1:34 pm
Yes. Co-op. Quotes taken from the MSN report linked above
Yes, its not clear in that report whether this is The CWS (which I suspect it is) or one of the regional co-op's or indeed the whole lot lumped together.

This one is East of England co-op https://finder.coop.co.uk/food/store/CM ... ross-roads which is a different company than, this one https://finder.coop.co.uk/food/store/HR ... dbury-road which is CWS or this one https://finder.coop.co.uk/food/store/CT ... rsham-road which is part of the southern co-op. Or even this one which is an independent https://finder.coop.co.uk/food/store/CT2-7SG/parkwood

All very confusing.
Yeap, I agree; I said earlier that the Co-op structure is confusing and the effects of implying their policy differs across regions - but I guess as you explained earlier "they are different companies" but under one banner!
Thanked by: blythburgh

William Joseph1
Posts: 11263
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2560 times
Been thanked: 6592 times
Contact:

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

Post by William Joseph1 » Tue Apr 09, 2019 9:47 am

Thanked by: Dream on, blythburgh
It is polite to thank a post. If you like it or if you feel it has helped you. Use the thumb up on the top right of the post.

pabenny
Posts: 1262
Joined: Tue Jun 29, 2010 5:21 pm
Has thanked: 434 times
Been thanked: 1350 times
Contact:

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

Post by pabenny » Tue Apr 09, 2019 10:28 am

Of course he may be taking the view that buying out of administration may be a lower cost way of taking control.

I'm far from convinced there is a space in today's retail scene for the mass-market department store like Debenhams.

Harvey Nicholls and Selfridges are up market and have restricted themselves to a handful of stores. House of Fraser might have survived if they had shut stores earlier and gone for the same territory, maybe using their strong local brands such as Kendals in Manchester and Rackhams in Birmingham.

John Lewis is a different beast altogether, with their greater weight towards homeware, furnishings and electricals.
Thanked by: blythburgh

Boro Boy
Posts: 3792
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 992 times
Been thanked: 2090 times
Contact:

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

Post by Boro Boy » Tue Apr 09, 2019 11:28 am

Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start? :think:
Thanked by: blythburgh

blythburgh
Posts: 14324
Joined: Tue Jun 29, 2010 7:14 pm
Location: The Far East
Has thanked: 29945 times
Been thanked: 5812 times
Contact:

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

Post by blythburgh » Tue Apr 09, 2019 12:15 pm

Boro Boy wrote:
Tue Apr 09, 2019 11:28 am
Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start? :think:
New start, shareholders lose everything and the lenders now own company which will continue to trade. What happens to any gift cards I do not know at present but suspect they will not be honoured. If the odious Ashley had bought the company then they certainly would not have been.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

pabenny
Posts: 1262
Joined: Tue Jun 29, 2010 5:21 pm
Has thanked: 434 times
Been thanked: 1350 times
Contact:

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

Post by pabenny » Tue Apr 09, 2019 12:26 pm

Not particularly new news in this story: Philip Green's Arcadia Group (Top Shop/Top Man, Burton, Evans, Wallis, Miss Selfridge, Dorothy Perkins, Outfit) is looking to cut costs (= store closures).

https://www.bbc.co.uk/news/business-47589885
Thanked by: blythburgh

Dream on
Posts: 614
Joined: Fri Nov 04, 2011 7:16 pm
Has thanked: 3134 times
Been thanked: 424 times
Contact:

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

Post by Dream on » Tue Apr 09, 2019 12:53 pm

blythburgh wrote:
Tue Apr 09, 2019 12:15 pm
Boro Boy wrote:
Tue Apr 09, 2019 11:28 am
Debenhams shares have just been suspended on the LSE and the company has gone into administration... The beginning of the end? Or a new start? :think:
New start, shareholders lose everything and the lenders now own company which will continue to trade. What happens to any gift cards I do not know at present but suspect they will not be honoured. If the odious Ashley had bought the company then they certainly would not have been.
I think HOF were honoured.
The stores will continue to trade as normal and administrators have confirmed to the BBC that customers will be able to spend any gift cards that they already have.
https://www.bbc.co.uk/news/business-47864580

Post Reply

Who is online

Users browsing this forum: fattulip74 and 1 guest