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Now Adams has gone into Administration who is next?


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Old 28-12-2008, 17:49
d0lphin
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I would be concerned at DSG International as a whole as it owns pc world, dixons and currys nd currys digital etc but as a whole it is sellable if any of these branded retailers goes under

but if it went under restructering i would fancy pc world to be merged under the currys branding and streamlined into one operation

but JJB Sports will probabily go under sometime next year
I wouldn't be surprised if JJB go next. They have closed 3 out of 5 of our nearest stores. We virtually kept them in business when our kids were younger single handedly!

I have a £5 voucher to use, must use it soon then!
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Old 28-12-2008, 18:02
Tumble weed
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JJB's problem is that these brand's (such as Adidas, Nike, Gola etc) that were cool in the 90's are very uncool today and have became assocaited with Chavs and as such most people wouldn't be seen dead wearing them - meaning they're screwed really. Unless they change their focus to sport equipment and trainers.
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Old 28-12-2008, 18:02
pixel_pixel
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The Labour government and UK Plc?
How would it have been different under the Tories then?

Boom and bust is a natural thing and cant be avoided.
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Old 28-12-2008, 18:05
pixel_pixel
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JJB's problem is that these brand's (such as Adidas, Nike, Gola etc) that were cool in the 90's are very uncool today and have became assocaited with Chavs and as such most people wouldn't be seen dead wearing them - meaning they're screwed really. Unless they change their focus to sport equipment and trainers.
Is that a business term then?

Burberry reinvented themselves and they were associated with Chav culture.
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Old 28-12-2008, 18:23
topcat2
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Are JJB looking at having problems then. What would happen with their gyms they had better not shut down as its the only gym I have ever liked.

I think we would be in big trouble if companies like WH Smith went. They are everywhere surely they would be ok because of the post office contracts etc and if M& S went we would be in huge trouble (how many people do they employ in this country). I think they are in an ok state though aren't they.
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Old 28-12-2008, 18:41
daniel halliday
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So far its:

MFI
Woolworths
Rosebys
Adams
Officers Club
Zavvi
Whittard
JM Nutrition
Sound Control
David McLean House Builders
Texstyle World (reported in Manchester Evening news)
Fads (reported in Manchester Evening news)

who is next?

Debenhams is having problems , my oh works there PT and there are rumours abounds about massive store closures and lay offs,

M & S are fine, i work for them and i don't forsee us going under anytime soon.
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Old 28-12-2008, 18:45
daniel halliday
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Never heard of Adams. Probably won't be missed.
, it will be missed by the people who depend on the company for their wage, only a banker would have such an uncaring attitude,
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Old 28-12-2008, 19:06
couscous
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Probably somewhere like Mobens or dolphin or somewhere. No one can afford new kitchens or bathrooms and i know when i looked a few years back they were really expensive.
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Old 28-12-2008, 19:08
mistygal
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So far its:

MFI
Woolworths
Rosebys
Adams
Officers Club
Zavvi
Whittard
JM Nutrition
Sound Control
David McLean House Builders
Texstyle World (reported in Manchester Evening news)
Fads (reported in Manchester Evening news)

who is next?
Bllody hell 'Adams' also. I never use the shop much but it is scary out there at the moment, with the knock on effect that one place can cause many others to tumble.
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Old 28-12-2008, 19:09
Jodrel
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nothing much left in the Pier...signs advertsing shop fixtures and fittings for sale too.
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Old 28-12-2008, 19:12
|Stefan
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Looking at that list, it is rather large, but it's easy to see why they have gone bust. They either sell items which can be found much cheaper elsewhere, are a bit too niche for times where not much money is going into the market, or are just a bit pap.
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Old 28-12-2008, 19:20
TUTV Viewer
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Will a store be next? Or will it be a local authority?

Oxford appears to be in dire straights at the moment. When NCP are cutting the cost of parking throughout the UK to help stimulate the retail economy (Source: www.ncp.co.uk/VAT ), Oxford City Council are increasing the cost of parking by 8% - and they admit it is because they are trying to "balance the books".

With a severe drop in retail property rental income, reductions in the number of visitors to city centres as well as the money lost in Iceland - I can there are problems in city halls throughout the country.

Does anyone know if Administrators have ever been called in to take over a council?
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Old 28-12-2008, 19:26
shackfan
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Never heard of Adams. Probably won't be missed.
Obviously not had kids then
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Old 28-12-2008, 19:32
linkinpark875
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Yet more bad news.

How likely is it new stores will take over these empty stores once the recession is over?
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Old 28-12-2008, 19:39
mossy2103
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Thre were were 2 assistants obviously discussing Adams demise and looked really upset.
Yes, that's the tragic face of these closures, something that a number should bear in mind when they seem happy that a certain chain that they hated closes.
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Old 28-12-2008, 19:40
chris20
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it is looking like towns will only be clothes shops food shops and restaurants there are so Manny empty buildings now
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Old 28-12-2008, 19:42
gareth_williams
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So far its:

MFI
Woolworths
Rosebys
Adams
Officers Club
Zavvi
Whittard
JM Nutrition
Sound Control
David McLean House Builders
Texstyle World (reported in Manchester Evening news)
Fads (reported in Manchester Evening news)

who is next?
Motorworld closed 95 of it's stores (including the one which I worked in) back in September and Rosebys went into administration and closed most of their stores in September too.
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Old 28-12-2008, 19:43
ebjeebe
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at least one Sofa shop. DFS or similar
I don't believe DFS will - as much as it seems shops to do with the home are going down the pan, DFS has kept itself up to date and on the ball with it's advertising and continually reinvents itself (albeit in an irritating fashion).

I do think something like SCS or whatever it's called will (the one that Martin Kemp used to advertise).
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Old 28-12-2008, 19:43
Aidan11
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Our town centre has a lot of empty shop units but that is not down to the recession. The company that owns our shopping centre charge massive rents and the council charge high rates.
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Old 28-12-2008, 19:44
topcat2
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I can't believe Debs is in trouble it always seems fairly busy when I'm shopping there.
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Old 28-12-2008, 19:47
ebjeebe
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Debenhams is having problems , my oh works there PT and there are rumours abounds about massive store closures and lay offs,

M & S are fine, i work for them and i don't forsee us going under anytime soon.
I thought that might be the case a couple of days ago. I was only saying the other day to my better half that Debenhams are never on the ball with their products. They tend to give discounts such as 20, 30 % off etc but you only find out when you have the pleasant surprise at the till. I don't think I've ever paid the full price for anything I've picked up in Debenhams. Maybe if they turned things the other way and actually made the price discounts clearer they could ride it out. It's common sense really.
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Old 28-12-2008, 19:55
Angel-owl
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I heard that Ringtons is closing down. Anyone else heard this?
What's Ringtons?
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Old 28-12-2008, 19:58
Bobbii_Dazzla
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Old 28-12-2008, 20:06
linkinpark875
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Our town centre has a lot of empty shop units but that is not down to the recession. The company that owns our shopping centre charge massive rents and the council charge high rates.
This is where it gets silly.

You have massive rents and closures just bring them down and it might slow things down a little.

I have heard of shopping malls refusing tenants so no wonder the streets are empty.
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Old 28-12-2008, 20:19
Angel-owl
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