DS Forums

 
 

Now Adams has gone into Administration who is next?


Reply
Thread Tools Search this Thread
Old 29-12-2008, 20:26
micksea241
 
Posts: n/a
Just watching the national news and USC is now closing down their shops and gone into administration. It's now looking that one high street company is now going to the wall each day.
  Reply With Quote
Please sign in or register to remove this advertisement.
Old 29-12-2008, 20:29
wills**01
Forum Member
 
Join Date: Jun 2008
Posts: 890
i couldn't give a monkeys who goes under.
My jobs safe.
wills**01 is offline   Reply With Quote
Old 29-12-2008, 20:31
micksea241
 
Posts: n/a
I have just been listening to the national news and and High street retailer USC has gone to the wall and called in the administrators.

Also anyone who has gift vouchers for Zavvi has to write into the administrators to see if they can use them other than that the Zavvi shops will refuse them.

It now looking like one retailer a day is going to the wall each day.
  Reply With Quote
Old 29-12-2008, 21:11
Ambassador
Forum Member
 
Join Date: Jun 2007
Location: Wooler, Northumberlandiana
Posts: 21,728
Do hope JJb will be fine as thats my gym your talking about
The profitable fitness division is being sold off

Next won't go, they've been conservative. Bought in a lot less stock, took on less staff and refused to reduce prices before their traditional sale which has worked well for them

They did nearly go to the wall in the late 80s but that was because of the over expansion (next cafe, next2, nextmen etc) and at the time were poorly managed by George (that George)
Ambassador is offline Follow this poster on Twitter   Reply With Quote
Old 29-12-2008, 22:03
nufc4life
Forum Member
 
Join Date: Feb 2008
Location: newcastle
Posts: 1,080
well the photo shop click is in administration as i was in my local shop the other day and it had a note on the counter saying so, and the website sayed a few weeks ago that they are not taking any more orders online only for online prints !!!
nufc4life is offline   Reply With Quote
Old 29-12-2008, 22:54
linkinpark875
Forum Member
 
Join Date: Aug 2004
Posts: 24,424
Just watching the national news and USC is now closing down their shops and gone into administration. It's now looking that one high street company is now going to the wall each day.
This is not what I read on the BBC News.

I gather round 43 USC shops have been saved out of over 58. Only 15 are in administration the others trade as normal.

This happened to the Officers Club yes they have gone into administration and a few shops will close but the ones that are saved will continue to trade as normal and have owners now.

So USC will continue. Whether it means less shops who knows. Zavvi and Adams however have yet to find buyers for any of there shops so it's possible they might all go like Woolworths.

No Woolworth's shops were saved as there entertainment business had gone plus they have mega debt. I think the current situation means we will lose a few chains but it's more likely we see some shops go just from towns and some getting saved elsewhere.
linkinpark875 is offline   Reply With Quote
Old 01-01-2009, 16:14
chinchin
Forum Member
 
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
puzzling...

i am sure if it was closing that it would have made at least the local news there, but no mention in the Billericay Weekly News website of their local branch of Mackays closing
Afternoon Darkpaw! Thought I was right! Looked in the window of M & Co in Grays High Street and the store is completely empty!
chinchin is offline   Reply With Quote
Old 07-01-2009, 13:40
linkinpark875
Forum Member
 
Join Date: Aug 2004
Posts: 24,424
Adams is gone:

http://news.bbc.co.uk/1/hi/business/7811658.stm

111 stores closing with immediate effect.
linkinpark875 is offline   Reply With Quote
Old 07-01-2009, 13:41
drum
Inactive Member
 
Join Date: Jun 2008
Posts: 2,877
Shame for all those people losing their jobs, but I was never an Adams fan anyway.. When my kids were small , anything I bought from Adams always twisted in the wash
drum is offline   Reply With Quote
Old 07-01-2009, 14:35
The Jordan Show
Forum Member
 
Join Date: Jul 2007
Posts: 2,965
Adams?! Nooooo, thats where my mummy used to buy my clothes from and where I had planned to get my kiddies clothes
The Jordan Show is offline   Reply With Quote
Old 07-01-2009, 18:13
Liquorice Queen
Forum Member
 
Join Date: Sep 2008
Location: The Flat Cap & Whippet County
Posts: 576
Miller Brothers (the electrical retailer) has gone into administration

http://www.millerbros.co.uk/
Liquorice Queen is offline   Reply With Quote
Old 07-01-2009, 19:31
paulksound
Forum Member
 
Join Date: Oct 2007
Location: CHORLEY
Posts: 601
another due to woollworths apparently

http://uk.reuters.com/article/topNew...5062SE20090107
paulksound is offline   Reply With Quote
Old 08-01-2009, 18:51
Andy258
Forum Member
 
Join Date: Apr 2004
Location: Newark, Notts
Posts: 656
I think one of the Pay-TV suppliers will go in 2009 with customers unwilling to pay extra subscriptions for TV.

Sky & Virgin Media will be fine, but don't be surprised to see Top-Up TV go under.
Andy258 is offline   Reply With Quote
Old 08-01-2009, 18:52
Andy258
Forum Member
 
Join Date: Apr 2004
Location: Newark, Notts
Posts: 656
i couldn't give a monkeys who goes under.
My jobs safe.
Pull that ladder up Jack.
Andy258 is offline   Reply With Quote
Old 08-01-2009, 18:54
chinchin
Forum Member
 
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
Viyella I believe

http://news.bbc.co.uk/1/hi/business/7815962.stm
chinchin is offline   Reply With Quote
Old 09-01-2009, 13:48
paulksound
Forum Member
 
Join Date: Oct 2007
Location: CHORLEY
Posts: 601
sofa workshop could be next

http://www.retail-week.com/News/2009...istration.html
paulksound is offline   Reply With Quote
Old 12-01-2009, 20:09
chinchin
Forum Member
 
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
Land of Leather and UK franchise of Findus
chinchin is offline   Reply With Quote
Old 12-01-2009, 20:40
zexstream
Forum Member
 
Join Date: Oct 2007
Location: Cutting the grass at OT
Posts: 6,098
What is the story with Adams?

The one in my town is still open.

Have they been saved!
zexstream is offline   Reply With Quote
Old 12-01-2009, 20:45
Deaf Leppard
Inactive Member
 
Join Date: Dec 2005
Location: Guantanamo Bay
Posts: 2,415
What is the story with Adams?

The one in my town is still open.

Have they been saved!
No, the majority of stores have been closed. The administrators will continue to spout about how they have several interested parties, whilst all the stock is moved to the remaining stores and sold off as part of a sale...

This will then be unveiled to be the dreaded 'closing down' sale, and within a month Adams will be a distant memory.

The shiny new one in dunfermline is still open.... for now.
Deaf Leppard is offline   Reply With Quote
Old 11-02-2009, 12:19
Christiedmc
Forum Member
 
Join Date: Dec 2003
Location: Newcastle upon Tyne
Posts: 101
I know your all entitled to your opinion but it is upsetting to employees of these companys. I work for JJB and I can say it is really unlikely that JJB will go under in the next year despite the trading conditions.

The company has may assets which it can sell. Take the Original Shoe Company for example. It is currently in the process of being closed down and rebranded as "Original" with different products. As a new company it will be debt free and appealling to potential buyers. Theirs also Qube, and JJB fitness centres - buyers have shown interest.

JJB have issued statements to staff and in September had £50 million of facilities available.

I'm only a part time retail assistant but believe me the amount of times I've been asked if JJB is closing - or worse people assuming that we have already entered administration. Its very annoying. JJB will not close anytime soon despite trading conditions. We are still trading well, and as an example my store is over £20,000 up on target this week.

To those mentioning multiple local stores closing - these are loss making stores and the company has closed these stores in areas where there are more than 1/2 branches in close proximity. Mention of products such as adidas etc being chavy - that is opinion but the company is reinvigorating its product lines, with new ranges coming in very frequently, such as childrens character clothing ranges, diversifying footwear etc.
Well.....you got that one wrong!! OSC and Qube both in administration now with no buyers likely!! JJB to follow before Saturday?????....seems possible
Christiedmc is offline   Reply With Quote
Old 11-02-2009, 12:24
Ambassador
Forum Member
 
Join Date: Jun 2007
Location: Wooler, Northumberlandiana
Posts: 21,728
Well.....you got that one wrong!! OSC and Qube both in administration now with no buyers likely!! JJB to follow before Saturday?????....seems possible
The new Chief Exec already told the press that he'd close both these stores when took over last month, either voluntarily or involuntarily

Mike Ashley was looking at JJB but he's already taken some profitable stores and locations from them in an earlier fire sale

He's now expected to go for the profitable JJB Gym and JJB Soccerdome businesses' which if sold would pay all but £5m of JJB's debts off
Ambassador is offline Follow this poster on Twitter   Reply With Quote
Old 11-02-2009, 13:20
myss
Forum Member
 
Join Date: Jun 2008
Location: Londonia :o>
Posts: 11,144
i couldn't give a monkeys who goes under.
My jobs safe.
This reminds me that fate can have a way of making people reap what they sow: Job's still safe?
myss is offline   Reply With Quote
Old 11-02-2009, 13:38
Miriams Sister
Forum Member
 
Join Date: May 2008
Location: Portsmouth
Posts: 6,088
This reminds me that fate can have a way of making people reap what they sow: Job's still safe?
Hmmm. Very observant of you. Not so smug now eh?
Miriams Sister is offline   Reply With Quote
Old 12-02-2009, 13:25
Christiedmc
Forum Member
 
Join Date: Dec 2003
Location: Newcastle upon Tyne
Posts: 101
The new Chief Exec already told the press that he'd close both these stores when took over last month, either voluntarily or involuntarily

Mike Ashley was looking at JJB but he's already taken some profitable stores and locations from them in an earlier fire sale

He's now expected to go for the profitable JJB Gym and JJB Soccerdome businesses' which if sold would pay all but £5m of JJB's debts off
True but most informed analysts stating that unless they raise £70M from the health club sale (which is very unlikely) they will have insufficient capital to continue for any length of time. Bear in mind also that the stand-still arrangement with lenders ends this weekend so......still think you will see some significant news before the weekend!
Christiedmc is offline   Reply With Quote
Old 25-02-2009, 02:57
chinchin
Forum Member
 
Join Date: Oct 2003
Location: Great Britain
Posts: 32,514
Our Bacon's Shoes has now closed in Grays (Priceless Shoes)
chinchin is offline   Reply With Quote
 
Reply




 
Forum Jump


All times are GMT. The time now is 03:35.