40 Stores to close....

Money, investing, mutuals etc
blythburgh
Posts: 13567
Joined: Tue Jun 29, 2010 6:14 pm
Location: The Far East
Has thanked: 28070 times
Been thanked: 5477 times
Contact:

Re: 40 Stores to close....

Post by blythburgh » Sat Feb 10, 2018 10:34 am

Constantine wrote:
Boro Boy wrote:
kevinchess1 wrote:i ADD qUEENSWAY AND rUmbelows to that list as well
BHS
Somerfields
Woolworths... :crazy:
The Co-Op bought Somerfields
And sold some to Waitrose. Saxmundham now has a Waitrose and independents in nearby towns have closed or struggled.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

Boro Boy
Posts: 3265
Joined: Mon Sep 15, 2014 5:05 pm
Location: London
Has thanked: 892 times
Been thanked: 1792 times
Contact:

Re: 40 Stores to close....

Post by Boro Boy » Sat Feb 10, 2018 11:37 am

blythburgh wrote:
Constantine wrote:
kevinchess1 wrote:i ADD qUEENSWAY AND rUmbelows to that list as well


The Co-Op bought Somerfields
And sold some to Waitrose. Saxmundham now has a Waitrose and independents in nearby towns have closed or struggled.

Who recalls the local corner shop MACE ? Has that disappeared now?

Oh and another one: Comet

William Joseph1
Posts: 10720
Joined: Tue Jun 29, 2010 7:14 pm
Location: The Isle of Dreams
Has thanked: 2397 times
Been thanked: 5995 times
Contact:

Re: 40 Stores to close....

Post by William Joseph1 » Sat Feb 10, 2018 11:47 am

Boro Boy wrote:Who recalls the local corner shop MACE ? Has that disappeared now?

Oh and another one: Comet
MACE still exists and is going strong there is one near me http://www.macestores.co.uk/ Although not sure for the future as I think the name may be owned by Palmer & Harvey which recently went into administration.

Comet went Out of business some years ago and its assets were bought by Currys.
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: 956
Joined: Tue Jun 29, 2010 4:21 pm
Has thanked: 326 times
Been thanked: 997 times
Contact:

Re: 40 Stores to close....

Post by pabenny » Sat Feb 10, 2018 12:08 pm

There's a long list..

Fine Fare, International, Liptons, Gateway, all of which ended up as part of Somerfield
Safeway - taken over by Morrisons
Littlewoods
Adams Childrenswear
Greenwoods menswear
Our Price, Tower and Virgin records

Apart from a nostalgia kick, I don't think we actually miss any of them.

planteria
Posts: 5048
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 394 times
Been thanked: 1460 times
Contact:

Re: 40 Stores to close....

Post by planteria » Sat Feb 10, 2018 4:10 pm

from back on a previous forum i came to the conclusion, after dipping in & out of Tesco, Morrisons, Wyevale and turning some profits, that Amazon was the only retail stock to own. i still can't see beyond it, unless there is what looks like a significant overreaction to bad news with M&S, Next etc.

ukrussian
Posts: 49
Joined: Fri Feb 27, 2015 4:44 pm
Has thanked: 3 times
Been thanked: 36 times
Contact:

Re: 40 Stores to close....

Post by ukrussian » Sat Feb 10, 2018 8:59 pm

Constantine wrote:
The Co-Op bought Somerfields
Well for that matter then Dixons bought Rumbelows and Iceland bought Bejam.

Somerfield (originally Gateway before that Dee Corporation) was owned by a consortium called isosceles and then went public then bought up Kwik Save and welll....
Thanked by: planteria

Constantine
Posts: 567
Joined: Fri Jul 02, 2010 12:04 pm
Has thanked: 39 times
Been thanked: 444 times
Contact:

Re: 40 Stores to close....

Post by Constantine » Sun Feb 11, 2018 7:07 am

ukrussian wrote:...

Somerfield (originally Gateway before that Dee Corporation) was owned by a consortium called isosceles and then went public then bought up Kwik Save and welll....

Kwik Save is still about.
http://www.kwiksave.co.uk/

It's part of Costcutter. Somerfield bought Kwik Save, which was swallowed up by the Co-Op. They subseqsold tuently offloaded some of the Kwik Save stores to some investment company, and then went into administration soon afterwards. What was left got sold to an outfit called FreshXpress who went bust pdq. Costcutter just bought the name. I have no idea where you would find a Kwik Save.

Incidentally Costcutter own Mace, and recently did a deal making the Co-op their exclusive wholesale supplier.

The history of the grocery trade is bewilderingly complicated. Particularly if you bring the Co=Op into it.

blythburgh
Posts: 13567
Joined: Tue Jun 29, 2010 6:14 pm
Location: The Far East
Has thanked: 28070 times
Been thanked: 5477 times
Contact:

Re: 40 Stores to close....

Post by blythburgh » Sun Feb 11, 2018 7:57 am

New words for the dictionary: subseqsold tuently

I edit my stuff at times and end up not removing words I should so I cannot point a finger at anyone
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

pabenny
Posts: 956
Joined: Tue Jun 29, 2010 4:21 pm
Has thanked: 326 times
Been thanked: 997 times
Contact:

Re: 40 Stores to close....

Post by pabenny » Sun Feb 11, 2018 8:58 am

Constantine wrote:I have no idea where you would find a Kwik Save.
I just tried using the storefinder on the website. Postcodes in London, Aberdeen and Wigan all produced no results. Seems that the company also doesn't know where to find a Kwik Save.

planteria
Posts: 5048
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 394 times
Been thanked: 1460 times
Contact:

Re: 40 Stores to close....

Post by planteria » Sun Feb 11, 2018 9:36 am

Constantine wrote:The history of the grocery trade is bewilderingly complicated. Particularly if you bring the Co=Op into it.
agreed.. and there are few players to buy shares in nowadays. and i'm not sure those that remain are good homes for cash during this era.

what about CoOp consolidation? i'd have thought the right thing to do would be to fold all regionals into the former CWS, but it seems, a bit like building societies, their are far too many vested interests to allow that efficiency. yet, The CoOp Group, made up of All CoOp outlets, and Nationwide, made up of all building societies, would offer powerful mutual alternatives to Tesco, HSBC etc.

Locked

Who is online

Users browsing this forum: No registered users and 0 guests