Major Retailers Closing

opaque

There is an even cheaper option for books. Go to a Library!

SingleSue

I tend to forget to take them back and then have to pay a fine......
I buy books second hand for cheap prices, read them and then sell them on for the same if not more than I paid for them.

Keeps me in books at a profit so it works for me!

djm1972

opaque wrote: »

There is an even cheaper option for books. Go to a Library!

And don't forget that libraries will get in any book for you if it's not in stock - if not from another library they'll buy it for you!

linge289

chickflick wrote: »

I think currys, dixons, game, hmv, pc world, homebase, new look, superdrug, miss selfridge, mothercare.

Superdrug?!?! lol! Theyre owned by Hutchison Whampoa, the same people that own 3 mobile (and strangely enough, one of their rivals, Savers), and are one of the largest companys in the world!

Mothercare are doing extremely well, they saw pre tax profits almost double this year!

HMV, unlikely to fold, seeing as their main rival has just collapsed, which will probably as much as double their footfall

Homebase are owned by Home Retail Group, who own Argos.....they may very well sell Homebase as someone has mentioned, if they dont, theyre probably not going anywhere....incidentally they have just got back onto the FTSE 100 index, so they cant be doing that badly.....

Currys, Dixons and PC World are the same company, all part of DSG.....and actually Dixons stores dont actually exist anymore, all high street Dixons are 'currys digital' and all out of town stores are currys......will they go down? hopefully.....overpriced crap, and often assume their customers are thick as !!!!.....PC World staff especially are extremely patronising at times....

Well anyway DSG, HMV and Game release their figures next week, so we'll soon know.....

mvengemvenge

linge289 wrote: »

Superdrug?!?! lol! Theyre owned by Hutchison Whampoa, the same people that own 3 mobile (and strangely enough, one of their rivals, Savers), and are one of the largest companys in the world!

Mothercare are doing extremely well, they saw pre tax profits almost double this year!

HMV, unlikely to fold, seeing as their main rival has just collapsed, which will probably as much as double their footfall

Homebase are owned by Home Retail Group, who own Argos.....they may very well sell Homebase as someone has mentioned, if they dont, theyre probably not going anywhere....incidentally they have just got back onto the FTSE 100 index, so they cant be doing that badly.....

Currys, Dixons and PC World are the same company, all part of DSG.....and actually Dixons stores dont actually exist anymore, all high street Dixons are 'currys digital' and all out of town stores are currys......will they go down? hopefully.....overpriced crap, and often assume their customers are thick as !!!!.....PC World staff especially are extremely patronising at times....

Well anyway DSG, HMV and Game release their figures next week, so we'll soon know.....

Heard today that DSG have put in for liquidation. Colleague knows someone in their HR. I'll wait and see.

GracieP

linge289 wrote: »

HMV, unlikely to fold, seeing as their main rival has just collapsed, which will probably as much as double their footfall.

I'd suspect that at this point the internet is HMV's main rival. Between people buying physical copies of cds/dvds/games from Amazon/Play, etc and people downloading music and movies the internet is huge competition for these stores. Especially when you consider the age demographic of customers to stores like HMV is the same group who are most computer literate.

opaque

GracieP wrote: »

I'd suspect that at this point the internet is HMV's main rival. Between people buying physical copies of cds/dvds/games from Amazon/Play, etc and people downloading music and movies the internet is huge competition for these stores. Especially when you consider the age demographic of customers to stores like HMV is the same group who are most computer literate.

I'd say HMV's own internet department is an enemy of HMV as well. You see a great deal advertised, you go to the shop to find out that's only online. You think 'sod them' and end up buying from Play et al even if it's slightly more money due to them 'lying' to you.

mvengemvenge - Interesting if it's true. Can't seem them liquidating though. Splitting the company parts up maybe in a pre-pack way I can see happening though.

housesitter

opaque wrote: »

I'd say HMV's own internet department is an enemy of HMV as well. You see a great deal advertised, you go to the shop to find out that's only online. You think 'sod them' and end up buying from Play et al even if it's slightly more money due to them 'lying' to you.

Currys and PC World too.
I'd imagine quite a few others as well.

I don't get it. They can obviously afford to sell it for that much. The admin for that must be costing them something, so how about clear pricing across the board?

Currys have lost any of my future business because of that trick.

poppy10_2

poppy10 wrote: »

Burdale Capital Finance are behind a lot of these closures - they are essentially sub-prime lenders for struggling companies. Adams owed them £10mil, Rosebys £10mil, Woolworths £385mil. When they pulled the plug the companies went bust.

See the full list of shame here to see which other companies might be next:
http://www.burdale.com/en/selected_transactions.asp

Another day, another collapse from the Burdale hall of shame:

Waterford Wedgeford collapses over debt pile

Owed Burdale €210m

Radiantsoul

mvengemvenge wrote: »

Heard today that DSG have put in for liquidation. Colleague knows someone in their HR. I'll wait and see.

I really cannot see them entering liquidation, perhaps administration although as at there last accounts they still had about £200m of cash they could draw down.