10 to 15 retailers to go bust

bo_drinker

Davesnave wrote: »

I was in Jessops today and the difference in stock levels compared with my visit last Christmas was sooo noticeable. Items had been sold from racks on the wall and there was nothing being put in their place.

Probably one of the ones on the list then, can't remember if ours is still there. . You couldn't move in Asda tonight, the great un washed will be fighting over the turkey crowns and pigs in blankets tomorrow night. :rotfl:

RobertoMoir

I reckon there's going to be two types of company going under at the moment.

Woolworths is an example of the first type: A unwell business that was (sadly) dying slowly anyway, and the recession simply speeded up the inevitable (or if you prefer, swept the rug out from under their feet before they had time to re-invent themselves).

The second type, can't think of an example I'm comfortable with mostly because this type hasn't happened so much yet is the business that hoped to sell high volume / thin margin products, possibly with lots of extras on top where they made their real profit. As people cut back, then even those people who buy from these kinds of stores will be refusing the 'extras' and chopping off a lot of the potential profit for the business.

bo_drinker

Officers club just gone through.

martinman3

RobertoMoir wrote: »

I reckon there's going to be two types of company going under at the moment.

Woolworths is an example of the first type: A unwell business that was (sadly) dying slowly anyway, and the recession simply speeded up the inevitable (or if you prefer, swept the rug out from under their feet before they had time to re-invent themselves).

The second type, can't think of an example I'm comfortable with mostly because this type hasn't happened so much yet is the business that hoped to sell high volume / thin margin products, possibly with lots of extras on top where they made their real profit. As people cut back, then even those people who buy from these kinds of stores will be refusing the 'extras' and chopping off a lot of the potential profit for the business.

There is also the possibility now of businesses going internet only and closing their high-street shops. Examples of this would be Zavvi, HMV, Game, Gamestation and also perhaps Blockbuster and other similar rental shops which can supply rental DVDs etc by post. Many of their internet shops already supply goods at lower prices than their own shops and with free delivery.:rolleyes:

a11waysindebt

martinman3 wrote: »

There is also the possibility now of businesses going internet only and closing their high-street shops. Examples of this would be Zavvi, HMV, Game, Gamestation and also perhaps Blockbuster and other similar rental shops which can supply rental DVDs etc by post. Many of their internet shops already supply goods at lower prices than their own shops and with free delivery.:rolleyes:

I think this would work over the christmas period ok, but throughout the year could be a problem.

a11waysindebt

bo_drinker wrote: »

Officers club just gone through.

Story here

RobertoMoir

martinman3 wrote: »

There is also the possibility now of businesses going internet only and closing their high-street shops. Examples of this would be Zavvi, HMV, Game, Gamestation and also perhaps Blockbuster and other similar rental shops which can supply rental DVDs etc by post. Many of their internet shops already supply goods at lower prices than their own shops and with free delivery.:rolleyes:

Hadn't considered that. Could work, but how much "walk in" trade would they lose? I'm guessing (and I stress that it is just a guess) that the majority of people can be divided into those of us who are totally comfortable with shopping online and another group that simply won't do it for whatever reason. I suspect the latter group is larger, and while that will change over time, the question is will retailers want to cut themselves off from that?

Cleaver

amcluesent wrote: »

>small bakeries, sandwich shops, they will go bust as people tighten belts and make their own sandwiches.<

Greggs must go on. A nation needs its pies!

And single mums need their sausage rolls.

edgex

Woolworths has been dying for years, probably about 10 years at least.
Could you ever remember what they sold?

The Officers Club, always looked a cheap retailer, no brand name as such.

The Pier, fancy goods retailer, not big enough to withstand any drop in sales.


Dont forget, that all those stores were competitiors of other stores that are still open.
Those people that used to buy cd's & dvd's at Woolies will now have to buy them somewhere else.
As for 'Zavvi, HMV, Game, Gamestation', i cant see the last 2 surviving as stores for much longer, considering how technically literate their typical customer will be.
Zavvi, HMV & the supermarkets might pick up some market share from Woolies & other music retailers, Fopp, Music Zone etc, having closed.

matbe

Kez100 wrote: »

Much like America?

Well, Orlando anyway!

I have been all over America and have seen beggars and homeless people all over.

But never in Orlando one place they never seem to be i think the disney police move them on so it doesn't upset the tourists.