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10 to 15 retailers to go bust

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Comments

  • Plasticman
    Plasticman Posts: 2,548 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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?


    As an example, Dixons have moved online only and actually have some really good prices. People who are comfortable with buying online will be happy to use them, people who are less happy will prefer to use Dixons (a well known retailer who they trust) rather than a pure online retailer that they haven't heard of. People who won't use the internet are reducing in number and will have to pay the price - either with the big retailers who decide to keep their shops or with independant shops who don't need the high volume sales to keep going.
  • djm1972
    djm1972 Posts: 389 Forumite
    Zavvi now in administration according to the "Latest:" banner on BBC News, no link as yet.
  • Zavvi have gone into administration (just heard this on Radio 5 Live)
  • cogito
    cogito Posts: 4,898 Forumite
    And Whittards and Officers Club are both back in business already.............

    Funny how it's only the creditors who end up out of pocket.
  • Skint_Catt
    Skint_Catt Posts: 11,548 Forumite
    Part of the Furniture Combo Breaker
    Half of Officers Club stores closed today - how can they be back in business?
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    So that's three of the four companies mentioned as being vulnerable in The Times what, 3 days ago... As the only one left not in administration/being sold, how's JJB doing?
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • The Pier Retail Group have gone into Administration...
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Skint_Catt wrote: »
    Half of Officers Club stores closed today - how can they be back in business?

    Not half, 32 out of 150. See: http://www.bloomberg.com/apps/news?pid=20601102&sid=akBc7pBL4bhU&refer=uk

    The 118 remaining (probably the best performing on the best leases) will continue to trade under the new owners.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Skint_Catt
    Skint_Catt Posts: 11,548 Forumite
    Part of the Furniture Combo Breaker
    I was just repeating what was on the news this morning. :confused:
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