40 stores to close... (part 4)

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pabenny
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Re: 40 stores to close... (part 4)

Post by pabenny » Mon Jan 27, 2020 4:40 pm

Hmmm. Sounds a bit like we have partial truths here.

The retail sector always sheds jobs in January, so I wouldn't read too much into the Sky News report of nearly 10,000 being lost this month. It's also not clear whether that figure includes the Morrisons reductions (announced but not implemented) or jobs lost due to Debenhams store closures (announced some time ago and only now taking effect).

There's also no mention of new retail jobs. Aldi and Lidl are both expanding. H&M, River Island and Sports Direct opened new stores near me last year. Are these new jobs counted or is this just gross losses.

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Re: 40 stores to close... (part 4)

Post by Boro Boy » Tue Feb 04, 2020 9:51 pm


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Re: 40 stores to close... (part 4)

Post by Boro Boy » Thu Feb 13, 2020 9:54 pm

Even the most well known household names do not escape: https://www.msn.com/en-gb/money/busines ... spartanntp

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Re: 40 stores to close... (part 4)

Post by AAAlphaThunder » Fri Feb 14, 2020 12:44 pm

Boro Boy wrote:
Thu Feb 13, 2020 9:54 pm
Even the most well known household names do not escape: https://www.msn.com/en-gb/money/busines ... spartanntp
The insatiable desire of A.
[Secretary] imutual Cashback Investment Club

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Re: 40 stores to close... (part 4)

Post by Boro Boy » Thu Mar 05, 2020 8:58 am

Not on your high street (any more) : https://www.bbc.co.uk/news/business-51746564

There may be a few other independent airline having financial problems during this corona virus pandemic. :think:

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Re: 40 stores to close... (part 4)

Post by pabenny » Fri Mar 13, 2020 8:27 am

Brighthouse said to be on the verge of collapse.

Linked news story from Which? gives guidance on the position of customers affected

https://www.which.co.uk/news/2020/03/br ... on-claims/


This is another of those retailers that we will be better off without. Although they provided products on credit for people with low income, the costs were exorbitant: I just checked a Sony TV selling at £519.99 in Currys. At Brighthouse you would pay £1,068 over three years - an effective APR of more than 60%. And that's before you add on insurance (mandatory, but not necessarily from them) and extended warranty.
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Re: 40 stores to close... (part 4)

Post by Boro Boy » Fri Mar 13, 2020 8:58 am

I fear the virus will unfortunately not only kill off human beings but also a number of small business will die off at the same time. I have passed a number of constantly empty restaurants which may be the first of a wave of business to fail during this period...
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Re: 40 stores to close... (part 4)

Post by pabenny » Fri Mar 13, 2020 9:21 am

Indeed - and maybe our responses to the virus will kill off some larger businesses too

Workplace shutdowns or forced stay-at-home will undoubtedly hit some people's income badly. At the same time, if we're not going to the shops/pub/restaurant/match/cinema, and not going on holiday, what will we do? Online shopping? Netflix? Gardening? I forsee a baby boom early next year.
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Re: 40 stores to close... (part 4)

Post by blythburgh » Fri Mar 13, 2020 9:39 am

Boro Boy wrote:
Fri Mar 13, 2020 8:58 am
I fear the virus will unfortunately not only kill off human beings but also a number of small business will die off at the same time. I have passed a number of constantly empty restaurants which may be the first of a wave of business to fail during this period...
Met up with cousins in law for lunch in an independent cafe in a nearby town. Very busy yesterday.
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 4)

Post by pabenny » Tue Mar 17, 2020 12:54 pm

Laura Ashley enters administration.

All standalone Carphone Warehouse stores to close.
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