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Now Adams has gone into Administration who is next?


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Old 31-03-2011, 22:51
John Dough
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HMV might be no more by dec

On the news they mentioned argos, and homebase might also be in difficulties, profits to be announced in next few weeks
Argos are launching a tv shopping channel apparently so can't be in their death throes just yet.
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Old 31-03-2011, 22:53
John Dough
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One year of low profits doesn't mean the whole business will close down.

Remember M&S? They looked not long for this world a few years ago when they made a loss one year, and look at them now, probably the strongest they have ever been!
They made over a billion pounds of profit in a single year in the late 1990's and are not back to those sort of figures yet, those were also the days when they didn't 'need' to advertise.
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Old 31-03-2011, 22:58
OneTreeHillFan
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OMG did adams seriously go into administration in '08 i assumed this was a recent thing
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Old 31-03-2011, 22:59
John Dough
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When did 'Tandy' disappear?
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Old 31-03-2011, 23:25
paulkwilkins
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When did 'Tandy' disappear?


In 1999 the UK stores were sold to Carphone Warehouse,
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Old 01-04-2011, 08:57
Loz_Fraggle
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adams chidren stores i assume you mean they went under over a year ago.
I cant see currys/pc world going down myself (ie the dixons group). But i can see them cutting down there shops.
dixons diod this with the dixons shops a few years back and converted some of them to phone shops. Have a feeling this arm of dixons will close most of there shops, when the leases are up. currys already operate as a seperate arm anyway ,eventhough they see to sell the same items as pc world.
So there is likely to be some form of makeing them operate as a single identity. This again means a number of shops will be closed . Think they should get through this nasty patch ,as it appears there bank has decided not to support the company
No, Adams was going under when the topic was started in 2008, although they have come back with a small number of shops.
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Old 01-04-2011, 09:59
chinchin
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Oddbins just announced:

http://www.thedrinksbusiness.com/ind...2568&Itemid=66
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Old 01-04-2011, 10:14
Ovalteenie
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Not many wine shops left now... Oddbins, Threshers (inc Wine Rack, Victoria Wine, Peter Dominic, Haddows)... all gone.

I think most people now get their wine from the supermarkets.
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Old 01-04-2011, 11:47
Rose Budd
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I'm still gobsmacked Faith Shoes have gone. The shops always seemed popular.
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Old 01-04-2011, 16:20
cass19
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Surely the body shop can't be far off confirming problems with sales. My local one is mostly empty when I go by!
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Old 01-04-2011, 16:45
linkinpark875
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I fear a double dip recession at this rate.

If JJB and HMV vanish I think it's recession time again.
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Old 01-04-2011, 16:46
cookie_princess
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Surely British Home Stores has it's time- it's so old fashioned and backwards
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Old 01-04-2011, 18:44
Loz_Fraggle
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Surely British Home Stores has it's time- it's so old fashioned and backwards
It probably has, but Philip Green owns it, which no doubt why it's still going.
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Old 01-04-2011, 19:25
jon8769
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The Sport/Sunday Sport is going into administration. No more buses on the moon!

http://www.bbc.co.uk/news/uk-12942417
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Old 04-04-2011, 16:10
chinchin
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Allworths, the Woolworths lookalike:

http://www.housewareslive.net/news/n...administration
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Old 04-04-2011, 16:17
Charcole911
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The government and whole country are now in administration!!!

Okay - joke! But what would happen if that was the case?
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Old 04-04-2011, 16:24
jon8769
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The government and whole country are now in administration!!!

Okay - joke! But what would happen if that was the case?
Britain by the end of the 1970's was pretty dire. Boom, bust, boom, bust. It happens. Despite what Gordon Brown promised.
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Old 04-04-2011, 16:29
marc822
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HMV will be gone by the end of the year.
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Old 04-04-2011, 16:33
jon8769
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HMV will be gone by the end of the year.
I keep hearing this and yet they seem to cling on... they're so expensive though it does seem inevitable.
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Old 04-04-2011, 16:34
Mark39London
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Businesses come and go; there isn't anything unusual about it. Internet retailers have taken a lot of trade away from high street shops, trends and fashion changes etc. Some shops change and remain competitive, others just close.
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Old 04-04-2011, 16:35
marc822
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High street shops need to compete with the internet more. I was in currys and i argued with the lady over a stereo that i could have delivered the next day and it was just over £50 cheaper than me buying it in store. Her argument was that i would have it now and wouldnt have to wait for delivery. I told her im happy to wait and not in a rush and will take the cheapest price. So they lost a sale.
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Old 04-04-2011, 17:08
jon8769
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High street shops need to compete with the internet more. I was in currys and i argued with the lady over a stereo that i could have delivered the next day and it was just over £50 cheaper than me buying it in store. Her argument was that i would have it now and wouldnt have to wait for delivery. I told her im happy to wait and not in a rush and will take the cheapest price. So they lost a sale.
We have a little independent gaming shop in the town near me, selling computer games, equipment and also running some kind of dungeons and dragons things in there as well. Anyway, went in the other day to see how much they were charging for playstation controllers. Was delighted to find them no more expensive to online prices, so bought one. We commented about it at the time as it was unexpected.

A bird in the hand is worth two in the bush as they say. Better to cut down on your profit margins and actually get people through the door and sell them stuff than to have such high prices that no one buys anything at all. Of course the overheads are that much more with shops with business rates/renting premise, staff etc. But this local shop at least seems to have got the balance right. Its always busy in there.
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Old 04-04-2011, 23:01
Charcole911
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Although HMV are struggling, I think the reason they are able to cling on and might be able to ride this out are

A - less places than ever on highstreet to get CD's and DVD's.
B - They do consoles and console games which are doing well
C - They do speakers, mini sound systems, and even I phone / I pad speakers which the posh apple gits will buy at any price
D - Well recognized name
E - Good for gift vouchers for Xmas and birthdays. (A lot of people don't think to get Asda / Sainsburys / Tesco ones)
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Old 04-04-2011, 23:15
Carmen Queasy
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We have a little independent gaming shop in the town near me, selling computer games, equipment and also running some kind of dungeons and dragons things in there as well. Anyway, went in the other day to see how much they were charging for playstation controllers. Was delighted to find them no more expensive to online prices, so bought one. We commented about it at the time as it was unexpected.

A bird in the hand is worth two in the bush as they say. Better to cut down on your profit margins and actually get people through the door and sell them stuff than to have such high prices that no one buys anything at all. Of course the overheads are that much more with shops with business rates/renting premise, staff etc. But this local shop at least seems to have got the balance right. Its always busy in there.
Shops like Currys and PC World rely on people who are technophobes, uninformed and generally buy the one liner sales pitch.

Unfortunately for such stores, everyone is becoming a lot wiser now and most people will have some access to the internet. Even those tecnhophobes out there will know someone who can check prices for them (child, relative, friend etc).

I feel for people who pay £30 for an Ethernet cable which costs £2 online.
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Old 04-04-2011, 23:20
linkinpark875
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I don't know why so many people want to see retailers go risking a double dip recession and people out of a job.

I read alot of retail websites HMV's remodeling it's business, it's staying basically what's happened is they couldn't dominate after Zavvi/Woolies. They closed stores but they also bought Zavvi sites so really they are no worse than they were a few years ago. They are possibly selling Waterstones so I suspect HMV will go back to operating 200 record shops focusing on Ipod/Mechanise/tickets/Blu Ray to cut the drop in CD sales.

JJB is more at risk as there's competition from Sports Direct cheaper shop vs upmarket JD sports. So nobody shops at JJB as much. HMV is the only record shop left and if it shut it would mean you would be limited to supermarket choice.

As for online being cheaper? Well you can't beat convenience being in the town and buying if you're in the shop. Not everything is cheaper online and new Blu Ray releases are just as expensive online as in store. Tesco also don't stock some new films after six months hence why we need HMV. I tend to shop in HMV for DVD's as there usually about £3.

I'll continue to support the high street.
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