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

Posted: Wed Jan 30, 2019 4:56 pm
by Constantine
pabenny wrote:
Wed Jan 30, 2019 6:27 am
pakefield wrote:
Mon Jan 28, 2019 7:18 pm
And for many people on benefits cash is the best way for them to budget.
I hear that claim from time to time. Is there any evidence (beyond anecdote) for it?

On the flipside, there were 2.2 million people who predominantly used cash when shopping last year.
https://www.bbc.co.uk/news/business-44496513
Constantine wrote:
Mon Jan 28, 2019 4:24 pm
...since New Labour decided to stop paying benefits in cash.
Was this a New Labour policy or just the decision of the government of the day? My guess is that it would have happened anyway, whichever party was in power - lower cost for the government, reduced risk of theft along the way and reduced risk of fraud*. (*not certain about this one. Cash is untraceable once handed over. Money in the banking system leaves a trail, making it easier to track and trace fraudsters)
When I wrote "New Labour decided to stop paying benefits in cash" I was not ascribing 'blame', rather fixing a point in time. If I had to guess, I'd say that a hypothetical Monster Raving Loony Party government would have made the same decision. I'm not that sure why it matters though,

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

Posted: Thu Jan 31, 2019 11:00 am
by blythburgh
Another shop closing in Lowestoft, Claires is not renewing its lease

Body Shop closing does not affect me as I buy online, cashback, free gift and no long car journey to go the 1.5 into town and then pay to park if you can find a space. One multi story had to be demolished, well it is partially demolished so far.

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

Posted: Thu Jan 31, 2019 5:40 pm
by Constantine
blythburgh wrote:
Thu Jan 31, 2019 11:00 am
...

Body Shop closing does not affect me as I buy online, cashback, free gift and no long car journey to go the 1.5 into town and then pay to park if you can find a space. One multi story had to be demolished, well it is partially demolished so far.
Which, in a nutshell, summarises why people are choosing online, and why some high street stores are closing.

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

Posted: Thu Jan 31, 2019 10:56 pm
by Boro Boy

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

Posted: Fri Feb 01, 2019 6:27 am
by pabenny
Boro Boy wrote:
Thu Jan 31, 2019 10:56 pm
Interesting: https://www.msn.com/en-gb/money/compani ... spartanntp
Summary: There has been a big increase in the number of restaurants closing. This is attributed to chains like Prezzo, Jamies over-expanding and finding there isn't enough trade to go round.

What an amazing insight from the author.

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

Posted: Fri Feb 01, 2019 9:28 am
by blythburgh
We do most of our shopping offline, a lot of it in independent shops but in the smaller towns around us to avoid the nightmare of getting into town. Or we go for a day out in Norwich and shop there.

The new bridge will hopefully mean getting into town will be a lot quicker and easier. Yes, the bridge that apparently people started asking for in the 1930's is going to be built, probably. We have the design and the public consultation ends in June this year. But Ipswich was going to have 3 new bridges but having spent several millions they have now cut back the number that will be built. So the third crossing is still only probable. And it won't be in use for a few years yet. Will I live long enough to see it?

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

Posted: Fri Feb 01, 2019 11:30 am
by William Joseph1
Oddbins off-licence chain calls in administrators
Story here: https://www.bbc.co.uk/news/business-47085479

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

Posted: Fri Feb 01, 2019 11:32 am
by William Joseph1
Amazon has forecast lower-than-expected sales for the first three months of the year sparking investor fears over slowing growth.
Story here: https://www.bbc.co.uk/news/business-47081690

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

Posted: Fri Feb 01, 2019 11:34 am
by William Joseph1
Energy giant Npower, one of the big six energy providers in the UK, plans to cut 900 jobs to save costs.
Story here: https://www.bbc.co.uk/news/business-47079483

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

Posted: Fri Feb 01, 2019 11:35 am
by William Joseph1
Sports Direct owner Mike Ashley looks set to buy Sofa.com after a rival suitor dropped out.
https://www.bbc.co.uk/news/business-47086914