40 stores to close... (part 4)

Money, investing, mutuals etc
BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Sun Apr 19 2020 5:27pm

expressman33 wrote:
Sun Apr 19 2020 1:46pm
AAAlphaThunder wrote:
Sun Apr 12 2020 8:13am
pabenny wrote:
Sat Apr 11 2020 9:58am


Actually went into administration on 9 April.

I can't see anyone being willing to take on any of the business for that future day when the high street re-opens. The (mostly) large and prominent stores will leave significant gaps.
RIP.

Covid-19 looks like the last nail in the coffin for the High Street.
Debenhams strikes deals to rescue most stores
https://www.bbc.co.uk/news/business-52330268
Good news and I look forward to, hopefully, more good news for the High Street.
Thanked by: blythburgh
[imutual Cashback Investment Club]

planteria
Posts: 6360
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 701 times
Been thanked: 1670 times
Contact:

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

Post by planteria » Mon Apr 20 2020 10:50am

Debenhams surviving all of this and continuing with 100 or more stores would be good for the nation's high streets.. but i can't help thinking it's still on the way down regardless of this news. do many folks here shop there? i bought a pillow in a department store in Dublin last Easter weekend. we haven't been in a department store in the year since.
Thanked by: blythburgh

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Mon Apr 20 2020 12:38pm

planteria wrote:
Mon Apr 20 2020 10:50am
Debenhams surviving all of this and continuing with 100 or more stores would be good for the nation's high streets.. but i can't help thinking it's still on the way down regardless of this news. do many folks here shop there? i bought a pillow in a department store in Dublin last Easter weekend. we haven't been in a department store in the year since.
The prices are not competitive so I don't even go in.
[imutual Cashback Investment Club]

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Thu Apr 23 2020 5:30pm

Oasis and Warehouse go into administration - Your Rights @MSE

https://www.moneysavingexpert.com/news/ ... istration/
Thanked by: blythburgh
[imutual Cashback Investment Club]

Boro Boy
Posts: 5048
Joined: Mon Sep 15 2014 6:05pm
Location: London
Has thanked: 982 times
Been thanked: 2013 times

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

Post by Boro Boy » Wed May 06 2020 7:12pm

The olde household names fall away and more to come I think... https://www.msn.com/en-gb/money/other/u ... d=msedgntp :thumbdown:
Thanked by: blythburgh

planteria
Posts: 6360
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 701 times
Been thanked: 1670 times
Contact:

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

Post by planteria » Thu May 07 2020 8:05am

fwiw i think they could still open one or more of those five stores.. Hammerson aren't playing ball with them, so they're putting them under pressure by announcing that they won't reopen. the landlords are in trouble with their tennants really, as those spaces will lie empty, and without their anchor tennants the centres are likely to struggle.

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Thu May 07 2020 8:20am

planteria wrote:
Thu May 07 2020 8:05am
fwiw i think they could still open one or more of those five stores.. Hammerson aren't playing ball with them, so they're putting them under pressure by announcing that they won't reopen. the landlords are in trouble with their tennants really, as those spaces will lie empty, and without their anchor tennants the centres are likely to struggle.
Exactly right your are, without the deep pocket big stores the shopping centres will become economically nonviable.

In the worst case scenario, convert the whole shopping centre into posh apartments.
Thanked by: blythburgh
[imutual Cashback Investment Club]

planteria
Posts: 6360
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 701 times
Been thanked: 1670 times
Contact:

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

Post by planteria » Thu May 07 2020 8:36am

i like the idea that that would be a formality..
the anchor tennants, be they department stores or major grocers, are essential to most of these shopping centres. and town centres, for that matter.
Thanked by: blythburgh

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Thu May 07 2020 1:29pm

planteria wrote:
Thu May 07 2020 8:36am
i like the idea that that would be a formality..
the anchor tennants, be they department stores or major grocers, are essential to most of these shopping centres. and town centres, for that matter.
Indeed, but the flipside is that you end up with "clone towns" with the same old same old big names.

I like to travel around the old English market towns and I have a particular interest in the charity shops. I am a Man of my word:
Many a time I have stumbled upon hidden gems that are worth exigently more than I paid for them.
Thanked by: blythburgh
[imutual Cashback Investment Club]

planteria
Posts: 6360
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 701 times
Been thanked: 1670 times
Contact:

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

Post by planteria » Thu May 07 2020 7:25pm

i don't think you've used your word properly AAAT.. despite your apparent proudness :)
Thanked by: blythburgh

Locked

Who is online

Users browsing this forum: No registered users and 22 guests