Major Retailers Closing

Slimady

gaztop wrote: »

Currys and PC World are the same co. aren't they? Does that mean PC World will go too?

Yeah PC World, Curry's, Dixons and Partmaster Direct are all part of the DSG (Dixons Stores Group). But I suspect they're more likely to just get rid of Curry's and concentrate on the others.

I doubt PC World is one for the administrators at the moment, but the whole group is due for a shake-up imo.

mitchaa

Slimady wrote: »

Just for my two pence, here are my predictions for the 15+ into administration

WH Smith
Blackwell Books
Maplin
Comet / Currys
DFS / ScS / Furniture Village / Carpet Right etc.
Toys R Us
BHS / Debenhams / Next
The Body Shop
Boots
Jessops
H Samuel
B&Q
Clarks
Stead & Simpson
Homebase
Staples

I had Adams on my list, but it's on it's way of course.

I take it you have just thought of as many companies as you could within 60 seconds??

H Samuel is in the worlds biggest Jewellery chain for 1 so not a hope in hell they will go under, they come under the Signet group and they are massive over in the States. They have Ernest Jones and Leslie Davies in the UK along with HS.

At least know something about what you are talking about lady

Next, Debenhams and Boots:rotfl: Why not Coca Cola, Microsoft and Mcdonalds:D

Toys R Us, WH Smith, B+Q.....I honestly think you've just thought these up now. No factual evidence to base your predictions on, just shops that perhaps you as a singular person do not like or visit That means they're going under then:rolleyes:

Come on people, this is getting irritating now

poppy10_2

mitchaa wrote: »

Next, Debenhams and Boots:rotfl: Why not Coca Cola, Microsoft and Mcdonalds:D

Boots have $11billion of debt, taken on at the peak of the market last summer. Even pre credit crunch, this was seen as ridiculous, given the size of the company. They are a goner.

Debenhams was struggling under the weight of its £1billion debt as early as January 2007, and almost breached its banking covenants last September.

At least know something about what you are talking about:rolleyes:

Slimady

mitchaa, there's really no need to be so rude. I didn't say these are "100% definate for closing". I simply said they were my predictions.

I may be wrong of course, and so may you. Who knows what the future brings really?

Indeed poppy10. I did base most of these on facts and figures, and admittedly a couple are just guesses.

Maybe you need to chill out a bit mitchaa.

Sun

Not sure about companies but Loyalty points schemes might be axed/reduced:

Tesco deals - x4
Boots point - 4p per £1

Just a guess...

Spend now if you have alot...

mitchaa

poppy10 wrote: »

Boots have $11billion of debt, taken on at the peak of the market last summer. Even pre credit crunch, this was seen as ridiculous, given the size of the company. They are a goner.

Debenhams was struggling under the weight of its £1billion debt as early as January 2007, and almost breached its banking covenants last September.

At least know something about what you are talking about:rolleyes:

You are associating debt with going bust then?

Do you think Manchester United with their £800m debts are likely to go into administration next year when the credit crunch really tightens? If not, why not? You are obviously basing your opinion on the amount of debt a company owes?

The likes of Debenhams and particularly Next have a good customer background, boxing day sales, every single Next in the country had shoppers queuing for hours before. Boots have their pharmacy contract that will see them through, and their own ranges have a loyal background, just like Markies ''goodies''

Next are the fashion chain of the UK, not a hope in hell they are going under.

Debenhams...Perhaps, but very unlikely in my opinion, noting to back this up with, just gut instinct.

Woolworths/MFI and Zaavi are the 3 ''big'' comapnies but were any of them really that big? Woolies had it coming for years, outpriced by the supermarkets, MFI...Well....Rubbish and overpriced, should have went bust 10yrs or so ago, and Zaavi, online retailing along with undercutting by the supermarkets again have led them to where they are.

Wouldn't class any of the others as anything major, but yet all our big shopping branches are under threat from the MSE doom and gloom crew:rolleyes:

poppy10_2

mitchaa wrote: »

You are associating debt with going bust then?

No, I'm associating the inability to service or refinance debt with going bust. As I stated, both these companies were finding it difficult to manage their debts even pre-credit crunch. Now their creditors want their money back and they have no way to pay. Therefore, they are bust.

BettiePage

mitchaa wrote: »

You are associating debt with going bust then?

Do you think Manchester United with their £800m debts are likely to go into administration next year when the credit crunch really tightens? If not, why not? You are obviously basing your opinion on the amount of debt a company owes?

The likes of Debenhams and particularly Next have a good customer background, boxing day sales, every single Next in the country had shoppers queuing for hours before. Boots have their pharmacy contract that will see them through, and their own ranges have a loyal background, just like Markies ''goodies''

Next are the fashion chain of the UK, not a hope in hell they are going under.

Debenhams...Perhaps, but very unlikely in my opinion, noting to back this up with, just gut instinct.

Woolworths/MFI and Zaavi are the 3 ''big'' comapnies but were any of them really that big? Woolies had it coming for years, outpriced by the supermarkets, MFI...Well....Rubbish and overpriced, should have went bust 10yrs or so ago, and Zaavi, online retailing along with undercutting by the supermarkets again have led them to where they are.

Wouldn't class any of the others as anything major, but yet all our big shopping branches are under threat from the MSE doom and gloom crew:rolleyes:

Didn't Leeds united go bust a short while ago?

jm28cardiff

BettiePage wrote: »

Didn't Leeds united go bust a short while ago?

My commiserations on dying the other week Bettie!

zappomatic

disney_cjd wrote: »

currys and the rest of the DSG (and good riddance they are !!!!!)

Halfords which is a shame

and a bookstore. All will go

From what I've read in the retail press Halfords have been doing well from people who are repairing their cars rather than buying new ones, and people buying bikes (although their few standalone Bike Hut stores haven't been performing).