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Now Adams has gone into Administration who is next? |
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#1251 |
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Forum Member
Join Date: Dec 2004
Location: Central London
Posts: 43,693
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Quote:
I miss those times of the mid to late 80s. Just about any store when I was a child going in with my mother, they took time with me to fit my shoes. You hardly see it nowadays or the store you go into don't have whatever footwear you're specifically after.
In fact I barely remember seeing any place fitting your footwear mid to late 90s. |
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#1252 |
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Forum Member
Join Date: Jan 2013
Posts: 760
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Good article by Mary Portas about how she would have changed BHS: http://www.theguardian.com/business/...have-saved-bhs
She makes the point that Woolworths has been replaced in the marketplace by the pound shops - the former Woolworth shops may have turned into other stores but the job of Woolworths is now done by the pound shops. Likewise BHS will be replaced by shops that do what BHS used to do in a way that works in the current market, but if they'd had the vision to do it themselves they could have survived. It is rare that a company lasts for more than a few decades and those companies aren't as they originally were and those that did close had a good innings, BHS is now 88 years old. Allders was 151 years old when the last store closed in 2013 and Woolworths was just over 99 years. Allders was sold by the Allders family in 1908 when the company was 46 years but the company acquired many other stores and was acquired it's self. Quote:
Woolworths lost its purpose, i remember the final boss saying that they had a load of different pencil cases but no ladies tights for sale which his mum always went into woolies for. At the end it was basically known for piling up chocolate and pick & mix to the ceiling and kids clothing and both are low profit items as fashions in kids clothing change and food has an expiry date.
The motto should be that you have to evolve along with your customers wants and expectations as I doubt Grace bro's would still be in business today using its old methods even if Mr Humpreys will measure your inside leg. By having sweets it made them an easy choice for people to buy Easter eggs and Christmas sweets and also put them in a good position for better deals with confectionary companies and children's clothes are easier to sell than adult clothing, all they need to do is get licencing to print a cartoon character on the clothing and it will sell. Ladybird was one of the top 3 children's clothing companies in the UK. Grace brothers would've been acquired by Allders, Debenhams or House of Fraser as many department stores did although in the TV programme the department store closed when Mr. Grace died. Moss Bros. measure for suits still and there are many independents that still do. Quote:
Some retailers are destined to go out of business due to changes in fashion and tastes. There's nothing you could do to stop it.
The increase in car ownership in the 70s and 80s lead to a growth in out of town supermarkets - which quickly worked out that if they had regular customers then why not try to sell them as much stuff as possible - which lead to many other stores that supplied specific items no longer being able to compete. Overall this was good for the consumer as margins and prices fell considerably. People no longer have to pay WH Smith prices for stationary or HMV prices for CDs. Supermarkets don't have as large range of products as a supermarket would. HMV and WHSmith would pay more rent on a high street than an out of town supermarket so their prices will be higher. Quote:
The sad thing is that Mr Humphries was a professional with many years' experience of measuring inside legs, but the public has decided that it would rather be served by teenagers on minimum wage if that means cheaper trousers.
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Nowadays people seem to just buy clothes and shoes off the rack to try on and see, and the staff simply go in the back to get the size you want.
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The irony is it's people buying their clothes online at fault.
Soon all we will have in shops is just a newspaper stand with some bread and milk and an ATM. All of our meat and veg and clothes will be bought online and delivered daily by Argos and Asda vans. Our cities will just be full of tenement buildings and roads with very little grass or anything green. Vending machines won't be able to replace shops. There would be a possibility they could automate Argos stores but these wouldn't be a small machine but a large store. Some dry cleaners have automated collections. There are interesting vending machines selling fresh popcorn, helium balloons and umbrellas but you probably wouldn't get clothes vending machines but it would be interesting if there were machines that knitted you a jumper on a cold day. Photo booths didn't put photographers or camera companies go out of business. Quote:
Not just that, it is everything. They all want dirt cheap.
Is it, all I see is betting shops, loan and pawn shops. I've also seen a few banks and ATM's close in my area. I also see many shops in my high street always sitting waiting for customers. |
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#1253 |
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Inactive Member
Join Date: May 2016
Location: Musselburgh
Posts: 51
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As the thrice bankrupt Chappel (who in my opinion along with the vile greens are utter scum of the earth) seeks to buy back BHS I'm baffled how anyone is stupid enough to give financial backing to this scummy shit knowing what hat he will once again run the Newco BHS into bankruptcy whilst taking money fraudulently from the company.
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#1254 |
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Forum Member
Join Date: Mar 2002
Location: In the future....
Posts: 11,257
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BHS Rescue bid fails and it goes into liquidation with loss of 11,000 jobs
Its all over now for BHS. https://www.theguardian.com/business...0-jobs-at-risk |
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#1255 |
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Forum Member
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
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#1256 |
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Forum Member
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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got to feel bad for Austin Reed, you know your business is doomed, if the reporting of its closing is over shadowed by another firms.
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#1257 |
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Forum Member
Join Date: Dec 2004
Location: Central London
Posts: 43,693
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Quote:
BHS Rescue bid fails and it goes into liquidation with loss of 11,000 jobs
Its all over now for BHS. https://www.theguardian.com/business...0-jobs-at-risk |
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#1258 |
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Forum Member
Join Date: Mar 2004
Location: a whimsical world
Posts: 20,959
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Quote:
BHS Rescue bid fails and it goes into liquidation with loss of 11,000 jobs
Its all over now for BHS. https://www.theguardian.com/business...0-jobs-at-risk
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#1259 |
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Forum Member
Join Date: Nov 2014
Posts: 2,034
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Duff and Phelps?.
The same dodgy w*nkers who were involved in the (potentially criminal) sale/takeover of Glasgow Rangers in 2012. With two of their staff ending up in court along with the likes of Craig Whyte and Charles Green. As a Rangers fan (and fan of BHS), I wouldn't trust Duff and Duffer to run a bath. |
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#1260 |
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Forum Member
Join Date: Mar 2002
Location: In the future....
Posts: 11,257
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Quote:
Duff and Phelps?.
The same dodgy w*nkers who were involved in the (potentially criminal) sale/takeover of Glasgow Rangers in 2012. With two of their staff ending up in court along with the likes of Craig Whyte and Charles Green. As a Rangers fan (and fan of BHS), I wouldn't trust Duff and Duffer to run a bath. |
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#1261 |
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Forum Member
Join Date: Dec 2004
Location: Central London
Posts: 43,693
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Quote:
Duff and Phelps?.
The same dodgy w*nkers who were involved in the (potentially criminal) sale/takeover of Glasgow Rangers in 2012. With two of their staff ending up in court along with the likes of Craig Whyte and Charles Green. As a Rangers fan (and fan of BHS), I wouldn't trust Duff and Duffer to run a bath. |
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#1262 |
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Forum Member
Join Date: Jan 2013
Posts: 760
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White collar crime is acceptable to those in power. Dominic Chappell who bought BHS for £1 and pocketed several million in "Management Fees" when the take over was completed had been declared bankrupt 3 times. Corruption is endemic and a blind eye is turned while the rich and corrupt get richer.
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Liquidators like LPA Receivers often work on a commission rather than fixed fee so at times whilst a reasonable offer may be on the table to save a company that would mean a lower fee for the liquidator than if they sold things off bit by bit, so as it stands we do not really know that BHS couldn't have been saved , just that the liquidators don't like what they have been offered.
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#1263 |
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Forum Member
Join Date: Mar 2007
Posts: 11,692
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Next and Gap – hopefully.
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#1264 |
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Forum Member
Join Date: Jul 2007
Location: Dirty thirty and proud!
Posts: 54,328
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Next and Gap – hopefully.
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#1265 |
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Forum Member
Join Date: Mar 2004
Location: a whimsical world
Posts: 20,959
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Sad to see the few remaining staff in Austin Reed and BHS dealing with all the bargain hunters
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#1266 |
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Forum Member
Join Date: Apr 2015
Posts: 94
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I think BHS will be next.
I felt slightly numb with shock when I read the news about their demise.Wonder what shops like Wilko etc will be like in another ten years time? People early on in this thread saying shops like JJB are doing well, only for them to disappear completely four years later. Which is why I will never take it for granted about how well shops like Wilko etc are doing currently, it may not be the case in say 2026. ![]() Quote:
I understand they're doing quite well with their international franchises.
Also, don't forget that they're part of Arcadia, so they're currently in safe hands, although there have been rumours over the last few years about Philip Green trying to sell it off, this won't happen in the current climate. If only those rumours had stayed rumours.
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#1267 |
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Forum Member
Join Date: May 2005
Posts: 3,382
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bhs stores
What do people think will replace bhs stores, obviously most stores are pretty large so I'm thinking Primark will be interested in towns where they don't already have a presence, also Debenhams, Next and h&m
My local town lost m&s last year now it will be loosing bhs
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#1268 |
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Forum Member
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
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Primark or Bargain Buys/Pound stores is my guess for new occupiers.
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#1269 |
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Forum Member
Join Date: May 2013
Location: Caught Somwehere In Time
Posts: 381
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Given the state of most high streets now, it's liable to be cash converters, pound shops or bookies that will probably move into them
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#1270 |
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Forum Member
Join Date: Sep 2013
Location: UK
Posts: 1,976
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Quote:
What do people think will replace bhs stores, obviously most stores are pretty large so I'm thinking Primark will be interested in towns where they don't already have a presence, also Debenhams, Next and h&m
My local town lost m&s last year now it will be loosing bhs ![]() |
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#1271 |
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Forum Member
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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Quote:
Given the state of most high streets now, it's liable to be cash converters, pound shops or bookies that will probably move into them
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#1272 |
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Forum Member
Join Date: May 2005
Posts: 3,382
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Quote:
Primark or Bargain Buys/Pound stores is my guess for new occupiers.
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Given the state of most high streets now, it's liable to be cash converters, pound shops or bookies that will probably move into them
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im betting a few BHS stores are in shopping centres, which are not going to let that happen
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#1273 |
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Forum Member
Join Date: Nov 2012
Posts: 9,703
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Pounstrechers are probably on borrowed time......
But my sources have me suspecting it will be looking for a company to take over their stores. |
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#1274 |
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Forum Member
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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Quote:
Pounstrechers are probably on borrowed time......
But my sources have me suspecting it will be looking for a company to take over their stores. |
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#1275 |
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Forum Member
Join Date: Feb 2011
Posts: 25,224
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Quote:
Pounstrechers are probably on borrowed time......
But my sources have me suspecting it will be looking for a company to take over their stores. |
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I felt slightly numb with shock when I read the news about their demise.