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Now Adams has gone into Administration who is next? |
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#276 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
Shops like Currys and PC World rely on people who are technophobes, uninformed and generally buy the one liner sales pitch.
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#277 |
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Forum Member
Join Date: Oct 2004
Location: Middesbrough (via Manchester)
Posts: 37,343
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Quote:
I don't know why so many people want to see retailers go risking a double dip recession and people out of a job.
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The future of these stores are joint PC World/Currys shops. I was quite impressed by the new look stores.
Still, it doesn't excuse their massively inflated prices for peripherals
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#278 |
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Forum Member
Join Date: Jun 2006
Posts: 881
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It probably has, but Philip Green owns it, which no doubt why it's still going.
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#279 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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BHS is a complete mystery to me. It is truly the land that time (and fashion) forgot. I swear they are still selling the same shirts and jumpers my dad used to buy in the 1970s, and no, it's not because its retro fashionaable!
It's never really moved on has it. You have Dunnes, M&S, H&M and all these stores now. Even M&S is constantly trying to reinvent itself. |
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#280 |
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Forum Member
Join Date: Mar 2008
Location: Wiltshire
Posts: 8,047
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BHS is a complete mystery to me. It is truly the land that time (and fashion) forgot. I swear they are still selling the same shirts and jumpers my dad used to buy in the 1970s, and no, it's not because its retro fashionaable!
Bon Marche is another one. *shudder* |
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#281 |
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Inactive Member
Join Date: Mar 2010
Location: Fife
Posts: 6,078
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BHS is wonderful, and I always find a gem or 2 there. They do a lot of nice things at christmas
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#282 |
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Forum Member
Join Date: Feb 2007
Posts: 24,736
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Quote:
HMV will be gone by the end of the year.
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#283 |
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Guest
Join Date: Apr 2009
Posts: 2,895
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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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#284 |
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Forum Member
Join Date: Oct 2006
Posts: 328
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HMV is not actually losing money - it is due to make pre-tax profits of £38m. A firm like that may offload stores to bring back money and reduce it's borrowing - but that is a long way from actually going into administration.
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#285 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
Well to be fair, its not looking good for HMV is it. Third profit warning this year.. it has attempted to diversify its operation into DVDs / Games as music sales slumped, but what else can it do to survive?
Last six months has been it's busiest time: *Release of Xbox Kinect *PS3 Move *Nintendo 3DS *Ipad/Ipod touch Kinect has boosted gaming sales and it's the fastest ever selling electrical product. HMV's figures probably cover xmas wait until gaming sales are released. |
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#286 |
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Forum Member
Join Date: Oct 2006
Posts: 328
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Are you serious about games?
Last six months has been it's busiest time: *Release of Xbox Kinect *PS3 Move *Nintendo 3DS *Ipad/Ipod touch Kinect has boosted gaming sales and it's the fastest ever selling electrical product. HMV's figures probably cover xmas wait until gaming sales are released. |
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#287 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
Yes - and its still finding trading conditions "difficult" - why would they announce a third profit warning if everything was going swimmingly? Imagine the state they'd be in without those gaming products - and what huge releases are on the horizon to help them turn their sales around? Nothing. And remember, the Government cuts haven't actually taken place yet, double dip here we go..
The rise in VAT meant people spent less so that was another. I think all retailers are feeling the pinch no money = the stores can't stay open. |
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#288 |
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Forum Member
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
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Focus was in administration and now some stores sold to Wickes:
http://www.accountancyage.com/aa/new...-stores-wickes http://www.telegraph.co.uk/finance/n...s-at-risk.html |
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#289 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
Focus was in administration and now some stores sold to Wickes:
http://www.accountancyage.com/aa/new...-stores-wickes http://www.telegraph.co.uk/finance/n...s-at-risk.html They have been squeezed out the market by B&Q and Homebase. Both have been heavily advertising on tv. |
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#290 |
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Guest
Join Date: Mar 2010
Posts: 4,723
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Quote:
Focus was in administration and now some stores sold to Wickes:
http://www.accountancyage.com/aa/new...-stores-wickes http://www.telegraph.co.uk/finance/n...s-at-risk.html |
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#291 |
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Forum Member
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
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Quote:
B&Q bought about 30 stores both Wickes and B&M only bought about ten stores each. 120 stores without a buyer will close.
They have been squeezed out the market by B&Q and Homebase. Both have been heavily advertising on tv. Quote:
According to some newspapers that Focus DIY have gone bust. The administrators couldn't find a buyer so they are having to shut the 120 stores at the loss of 3,000 jobs. Starting this weekend they are having a closing down sales to try and get rid of stock.
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#292 |
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Inactive Member
Join Date: Jan 2010
Posts: 8,080
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Any confirmation of the closing down sale this weekend?
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#293 |
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Forum Member
Join Date: Nov 2008
Location: Up North
Posts: 1,359
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The Bolton branch of Focus DIY closed at least 2 years ago and the premises have been empty ever since. And maybe it's a sign of me getting older but I now shop for clothes at BHS. It's good quality and cheaper than M and S I feel
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#294 |
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Inactive Member
Join Date: Jan 2010
Posts: 8,080
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Was the Bolton branch a big mish mash of things? Kitchens, bedrooms, clothes, milk, bread?
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#295 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
Any confirmation of the closing down sale this weekend?
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#296 |
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Inactive Member
Join Date: Jan 2010
Posts: 8,080
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What days?
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#297 |
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Forum Member
Join Date: Aug 2004
Posts: 24,424
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Quote:
What days?
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#298 |
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Inactive Member
Join Date: Jan 2010
Posts: 8,080
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Starts tomorrow! I'll be there tomorrow to see what i can get.
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#299 |
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Forum Member
Join Date: Aug 2007
Location: I don't know, I need a map
Posts: 57,933
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Supermarket Sweep in most cases
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#300 |
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Guest
Join Date: Mar 2010
Posts: 4,723
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I have just been on Focus DIY's website and it is saying that it is business as usual in there stores. Somebody is fibbing here.
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