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Bloodbath on the High Street - more closures and more sales woe! Options
arpurchase
#81 Posted : 04 August 2018 18:28:39

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Please let’s not turn this topic into a slanging match or hyjack down the lines of Brexit, the topic is about the demise of the High Street.

Thank you
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#82 Posted : 04 August 2018 20:23:08

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arpurchase wrote:
Please let’s not turn this topic into a slanging match or hyjack down the lines of Brexit, the topic is about the demise of the High Street.

Thank you


I think it would be fair to say I've made myself clear on some of what I feel are the reasons for these downturns are. I'll say no more on the subject.

Thanks
Rich
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Tomick
#83 Posted : 08 August 2018 23:25:08
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Homebase new owner plans to close a quarter of all its UK stores with up to 2,000 jobs at risk..
http://www.dailymail.co....es-2-000-jobs-risk.html
RobT
#84 Posted : 10 August 2018 07:43:17

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House of Fraser going into admin today.

All this talk of Brexit, the high street started to decline long before we had the referendum.
Tomick
#85 Posted : 10 August 2018 07:49:09
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RobT wrote:
House of Fraser going into admin today.
Indeed, another sad day on the High Street....
https://www.google.co.uk...s/amp/business-45140874
RobT
#86 Posted : 10 August 2018 07:57:30

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I’ve always hated high street shopping myself.

Expensive, sometimes difficult parking
Too many people jammed into a small space, plus people are ruder these days
Inclement weather
Too expensive
Small range, not enough stock (especially clothes sizes)
Takes too much time when I could be doing other things
Gandale
#87 Posted : 10 August 2018 08:14:46

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Maybe we should start calling it the 'Low Street' rather than High street. Town centre's around the country are looking pretty dire....

Regards

Alan
Markwarren
#88 Posted : 10 August 2018 08:59:48

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Gandale wrote:
Maybe we should start calling it the 'Low Street' rather than High street. Town centre's around the country are looking pretty dire....

Regards

Alan

Lol.
A lot of empty shops where I work, with most being taken up by charity and coffee shops.

Mark
magpie1832
#89 Posted : 10 August 2018 10:30:26

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Mike Ashley buys House of Fraser. But can't buy our football team players....

https://news.sky.com/sto...-fraser-for-90m-11468296
Tomick
#90 Posted : 10 August 2018 10:45:53
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[quote=magpie1832]Mike Ashley buys House of Fraser. But can't buy our football team players....

https://news.sky.com/sto...fraser-for-90m-11468296[/quote] It’s very good news but it’s also in his own interests as he’s already got an 11% stake in the business which he would likely lose if the business went pop.

Interesting that he also owns close to 30% of Debenhams, its main rival, surely now a conflict of interest and wonder how the Debenhams shareholders will react.


Looks like a number of Poundworld stores have been saved from closure too..
Irish retailing family to snap up Poundworld stores
https://www.retailgazett...irish-retailing-family/

Also, has the bubble finally burst for Pandora.. Hundreds of job cuts are on the cards at Pandora following a profit warning, which saw its shares plummet.
RobT
#91 Posted : 10 August 2018 12:13:02

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[quote=magpie1832]Mike Ashley buys House of Fraser. But can't buy our football team players....

https://news.sky.com/sto...fraser-for-90m-11468296[/quote]

Probably using that £20m that he made from transfers over the summer. Flapper
Tomick
#92 Posted : 11 August 2018 08:37:38
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History in decline - 7 M&S stores to close today and more closures in the pipeline..
https://www.google.co.uk...s/amp/business-45143404
Tomick
#93 Posted : 15 August 2018 07:37:12
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Tomick wrote:
Homebase new owner plans to close a quarter of all its UK stores and thousands of jobs at risk..
http://www.dailymail.co....es-2-000-jobs-risk.html
16 outlets already closed in 2018 and now pressing ahead with a new wave of store closures with another 42 to shut.
Tomick
#94 Posted : 16 August 2018 07:43:37
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Seems that DIY big shed retailing is dying and once again, the market has changed in how we buy and online is to blame.

From the 3rd Sept, B&Q will no longer accept new members for its over-60s' Diamond Club discount scheme - and will restrict the offer to gardening products. Over-60s can currently get 10% off all B&Q products in store on a Wednesday if they are members of the Diamond Club - but from 3 Sept the discount is being reduced to around 10,000 gardening products.

Interesting times ahead...
Tomick
#95 Posted : 20 August 2018 07:12:00
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magpie1832 wrote:
Mike Ashley buys House of Fraser. But can't buy our football team players....

https://news.sky.com/sto...fraser-for-90m-11468296
Interesting to read that House of Fraser owed £484m to creditors before its collapse and being sold for a paltry £90m to Ashley...

https://news.sky.com/sto...e-its-collapse-11474976

Apparently, Prada alone is owed £50m and Mulberry £20m Blink

Tomick
#96 Posted : 21 August 2018 16:40:38
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Amazon wants to buy a bunch of the empty Homebase Stores..
http://www.dailymail.co....DIY-chain-Homebase.html
Tomick
#97 Posted : 26 August 2018 08:38:00
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Bus operators have been criticised for making the high street crisis worse by slashing services into town and city centres across Britain....
https://www.google.co.uk...ity-centres-Britain/amp

Banks are increasing the high street crisis by failing to support small businesses when they hit financial difficulties....
https://www.google.co.uk...ess-guru-Rob-Rutter/amp
Tomick
#98 Posted : 27 August 2018 08:10:47
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The UK's biggest payday lender Wonga 'on the brink of collapse'..

https://www.google.co.uk...n-the-brink-of-collapse

What goes round comes round eh...
Markwarren
#99 Posted : 27 August 2018 08:51:26

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Wonder if they’ll ask the bank for a loan.LOL
Tomick
#100 Posted : 30 August 2018 11:04:02
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Markwarren wrote:
Wonder if they’ll ask the bank for a loan.LOL
Now being reported they have halted taking new loan applications as they are on the verge of Administration/collapse.
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