Major Retailers Closing

mewbie_2

inspector_monkfish wrote: »

yep, and now its the Jap Banks that are back in favour....
what goes around comes around, i suppose !!

That joke certainly does.

inspector_monkfish

mewbie wrote: »

That joke certainly does.

still makes me laugh :rotfl:
u should try it......;)

mewbie_2

inspector_monkfish wrote: »

still makes me laugh :rotfl:
u should try it......;)

Sorry I was a bit mean, get my laughs mainly by picking on fellow posters.

inspector_monkfish

mewbie wrote: »

Sorry I was a bit mean, get my laughs mainly by picking on fellow posters.

...me too

lostinrates

snowbrow wrote: »

Cheers mate I work for them lovely sensitive comment there!

I doubt offence is meant to people who work there, just as when Woolworths was in trouble no one wished the workers ill. Its simply an (incomplete) record of things taht are int rouble or people think are in trouble.

The blockbuster stuff I can't find in my head right now....someone with memory might link or explain.

vivatifosi

inspector_monkfish wrote: »

there used to be jokes going around when all the japanese banks were in trouble, and going under years ago....

Bank of Bonsai has had to trim some of its branches
Fuji Bank has found itself over-exposed
Origami Bank has folded
shares in Kamikaze Bank have nosedived
Karaoke Bank is up for sale and going for a song
Sumo Bank has gone belly up
1,000's of staff have been given the chop at Karate Bank
and there is something very fishy going on at Sushi Bank.....

:rotfl::D

And of course, we all knew the failure of Birthdays was on the cards...

reduceditem

snowbrow wrote: »

Cheers mate I work for them lovely sensitive comment there!

I'm not saying it because I dislike Blockbuster or because I wish to see you out of a job. I'm saying it because Blockbuster has a debt mountain.

If you think I'm lacking in sensitivity wait till you see how sensitive the major creditors are.

marvin

Is it not the American owners of Blockbuster that has the debt mountain and not the UK subsidiary?

opaque

marvin wrote: »

Is it not the American owners of Blockbuster that has the debt mountain and not the UK subsidiary?

Still got a bad business model though!

fc123

Blacks Leisure looks grim. Typical, large corp that expanded massively through buying up others.
Millets has always been part of my life. In my London suburb, it's still in the same shop on the High st. where I used to get wellies and camping stuff 35 odd years ago.
Bought DD bits and bobs for camping trip there few years back. It's been there all my life though we call it Millee now as it is a bit more chi chi than it was when I was a kid.

Now fears are growing over the future of Blacks Leisure, the retailer that owns the outdoor chain Millets.

Blacks’ auditors will be forced to put a qualification in its full-year accounts, casting doubt on its ability to continue as a going concern after it announced last week that it had secured only a three-month extension to its banking facilities.

Blacks and its backer, Lloyds Banking Group, said in a statement the extension would enable it to accelerate the exit of its loss-making board-wear business and push ahead with revamps for its outdoor store portfolio while they examined longer-term financing structures.
Analysts believe that Blacks may be forced to put some of its loss-making shops into administration.

http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article6350145.ece