Page 13 of 22

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

Posted: Wed Jan 08 2020 12:40pm
by Richard Frost
Boro Boy wrote:
Wed Jan 08 2020 12:38pm
William Joseph1 wrote:
Wed Jan 08 2020 12:27pm
Boro Boy wrote:
Wed Jan 08 2020 12:23pm
Or survival of the best funded perhaps...
Is that not the same thing and just a play on words?
Companies can have weak balance sheets and over stretched with loans yet survive as their banks continue to provide funds. Yet companies with stronger balance sheets continue to fail. Cash flow is king - thought you'd know that.
That is not an answer to the question.

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

Posted: Wed Jan 08 2020 12:41pm
by Boro Boy
William Joseph1 wrote:
Wed Jan 08 2020 12:40pm
Boro Boy wrote:
Wed Jan 08 2020 12:38pm
William Joseph1 wrote:
Wed Jan 08 2020 12:27pm
Is that not the same thing and just a play on words?
Companies can have weak balance sheets and over stretched with loans yet survive as their banks continue to provide funds. Yet companies with stronger balance sheets continue to fail. Cash flow is king - thought you'd know that.
That is not an answer to the question.
Yes it is.

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

Posted: Wed Jan 08 2020 1:00pm
by AAAlphaThunder
Boro Boy wrote:
Wed Jan 08 2020 12:41pm
William Joseph1 wrote:
Wed Jan 08 2020 12:40pm
Boro Boy wrote:
Wed Jan 08 2020 12:38pm


Companies can have weak balance sheets and over stretched with loans yet survive as their banks continue to provide funds. Yet companies with stronger balance sheets continue to fail. Cash flow is king - thought you'd know that.
That is not an answer to the question.
Yes it is.
To be fair, no it isn't.

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

Posted: Thu Jan 09 2020 9:09am
by pabenny
The question being (in corporate terms) whether "survival of the fittest" and "survival of the best funded" are the same thing - they're certainly very similar. Lenders want their loans repaid and investors want a return so will not fund a weak business. "Weak" here refers to future potential as well as present state - hence at an extreme Uber loses vast amounts, has huge negative cashflow but gets lots of funding because lenders and investors believe in the prospects.

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

Posted: Thu Jan 09 2020 6:00pm
by Boro Boy
AAAlphaThunder wrote:
Wed Jan 08 2020 1:00pm
Boro Boy wrote:
Wed Jan 08 2020 12:41pm
William Joseph1 wrote:
Wed Jan 08 2020 12:40pm
That is not an answer to the question.
Yes it is.
To be fair, no it isn't.
Only if someone wants to be finickity :think:

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

Posted: Thu Jan 09 2020 7:52pm
by pakefield
Getting to be the pantomine bit "oh no it isn't" and "oh yes it is".

Is there a prize for guessing which Panto?

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

Posted: Fri Jan 10 2020 7:28am
by AAAlphaThunder
Boro Boy wrote:
Thu Jan 09 2020 6:00pm
AAAlphaThunder wrote:
Wed Jan 08 2020 1:00pm
Boro Boy wrote:
Wed Jan 08 2020 12:41pm


Yes it is.
To be fair, no it isn't.
Only if someone wants to be finickity :think:
For anyone like me who has never heard of the word "finickity":
Adjective
(comparative more finickity, superlative most finickity)

Fastidious and fussy; difficult to please; exacting, especially about details; meticulous and particular.

Origin
Possibly a blend of finicky and pernickety

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

Posted: Fri Jan 10 2020 8:55am
by blythburgh
Southwold used to be a lovely rather old fashioned seaside town. It had a very high percentage of retired people living there. Mostly people from the home counties who wanted to retire to a similar sort of place but by the sea. Then it became a media favourite with the result that more and more properties were bought by 2nd homers.

This was on the local paper website a couple of days ago:

Suffolk Constabulary is seeking permission to demolish Southwold police station and build nine new homes at the site in Blyth Road, comprising of three terraced homes and six flats.

However, town councillor David Beavan feared the location and price of the station would mean the site would be marketed to potential investors in second homes.

Mr Beavan said: "At 60%, we have the highest number of holiday homes in the country. We have enough now.

"Our population has halved to 800 in the last 20 years.

"This is the last affordable housing development site in the town - otherwise, it is floodplain or the sea."


Not only has the population halved but many of the independent shops have gone, the new lease was set at a price the current owner could not afford. The chains poured in but has the bubble burst? Costa Coffee fought a hard battle against local wishes to come to the town has quit, Gun Hill (a smaller upmarket clothing chain) is closing, Timberland has closed. Fat Face took over Edwards which had supplier furniture and furnishings to local people. They have almost knocked down the shop and have a smaller Fat Face and a couple of shops adjoining. One of these is empty and the other is a temporary charity shop.

But on the other hand nearby market towns of Halesworth and Beccles still have some independent shops and I cannot think of any empty shops there.

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

Posted: Sun Jan 12 2020 2:09pm
by Boro Boy
And another one about to bite the dust: https://www.bbc.co.uk/news/business-51083396 :thumbdown:

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

Posted: Sun Jan 12 2020 2:52pm
by AAAlphaThunder
Boro Boy wrote:
Sun Jan 12 2020 2:09pm
And another one about to bite the dust: https://www.bbc.co.uk/news/business-51083396 :thumbdown:
A sad day.

RIP.