Currys to go bankrupt this week?

neverdespairgirl

scousethife wrote: »

I think you find the chinese say - we are riving in intelesting times actually

I thought it was a curse, not a saying, "may you live in interesting times...."

neverdespairgirl

Cleaver wrote: »

Just out of interest, are their particular brands / shops that people would actually miss nowadays? Let me try to explain what I mean.

I'd miss M & S. Their pants / bras / tights are a necessary part of my life.

mean_momma

Quote:
Originally Posted by Cleaver
Just out of interest, are their particular brands / shops that people would actually miss nowadays? Let me try to explain what I mean.

neverdespairgirl wrote: »

I'd miss M & S. Their pants / bras / tights are a necessary part of my life.

John Lewis and Waitrose - hope they never go public!

Davesnave

mean_momma wrote: »

Quote:
Originally Posted by Cleaver
Just out of interest, are their particular brands / shops that people would actually miss nowadays? Let me try to explain what I mean.




John Lewis and Waitrose - hope they never go public!

John Lewis is a good example of the way that real customer service makes a difference. Their electrical department always comes around top in 'Which?' satisfaction surveys, yet they only have a limited selection of products compared with the DSG outlets. They seem to do well on both pre and post-sale customer care and give an extra year's guarantee.

DSG consistently come bottom.

SingleSue

neverdespairgirl wrote: »

I'd miss M & S. Their pants / bras / tights are a necessary part of my life.

I would agree with M & S although not for their underwear....I like their food and on occasions we treat ourselves to one of their fresh chickens and yorkshire puddings.

Well it beats getting a takeaway.

dopester

manic_saver wrote: »

Its not surprising if this is true that currys will go under. They have been struggling for years to make a decent profit. I can't remember the last time i shopped at currys, and if i was to buy any product it would be something small.

Anything else i would shop online, because its mainly cheaper. All the companies are in the same boat, and unfortunately the banks won't help them out in these difficult times. If the banks don't help big businesses, what chance have small ones got?

These are just the big retailers. Where does the beautiful bailing out end? You realise the problem at the weaker buying outlooks that is hurting retailers also is hitting the manufacturers.

Think of Miele and Bosch and Zanussi and Panasonic and Sony - all the stuff these retailers sell. There is little need for such giant stores anyway in my opinion. Such an expensive middle-man.

Each company could warehouse the stuff themselves in the UK and make purchasing all online, lower their prices from the savings whilst perhaps upping their marketing budget a fraction after cutting out the margin of the big retailers.

dopester

Agree about John Lewis and M&S needing their real world presence, but they will have to adapt as well.

hethmar

I remember cor, more than a decade ago, my dear now deceased bro in law saying to me, watch M and S, one day they will be just selling food. I wonder if that will happen.

sdooley

right now I think M&S make more profit on their clothes than their food... that £10 deal is popular but they can't be making much on it.

Jakg

hm71 wrote: »

I heard this regarding PC world (part of the same group) as our local PC world has had a re-vamp & if it doesn't improve sales they are going to shut it down. In my local town centre klick photo shop has a sign in the window regarding administrators so looks like another one to bite the dust!

All PC Worlds are getting revamped, and DSG have enough cash to do every PCW / Curries in the country saved away

wageslave wrote: »

I worked for DSG for 12 years (left last summer). Currys was not the weak link, in fact nothing could be further from the truth. Currys was the most profitable part of the group, PC World made peanuts compared to it and nothing they tried could make Dixons profitable.
I still have many friends within the company and there is no doubt they are worried.

Then you've been out of the loop too long - Curries are making a loss while PC World almost made enough money to make up the defecit.

As it is I went in Curries the other day and frankly they were rubbish - I work for DSGi (in PC World) and I couldn't find a single person using Fives (their new training) and the manager just shrugged me off when I tried to buy something and acted like a c*ck.