Adams - an anti-grabbit quick almost

withabix

Adams Childrenswear is part of Myriad Childrenswear Group, which is in turn ownerd by Bridgepoint Capital, a large private equity group.

This type of company sweats the assets of its group companies, to get the best return from them - hence their recent history of opening new shops and closing shops in other shopping centres, having one-off sales etc etc. It's all about cash flow and turnover - a lot of their profits will be made from reinvesting funds, not necessarily from the profits of the shops themselves.

I very much doubt Adams/Myriad is about to turn up it's toes - Bridgepoint would have sold it off if it wasn't providing a return.

Adams stores REGULARLY have big sales - not in all the stores at the same time either.

kool-mumma

Well it's put the shakes up me as I ordered my kids Christmas outfits on here. Their contact helpline number is now dead?! so am heading into one of their store to buy the items there instead (I hope!)

deanos

withabix wrote:

Adams stores REGULARLY have big sales - not in all the stores at the same time either.

But so close to xmas when its the busiest time of the year ?

kiddy_guy

Yes, but I geuess you guys probably said the same about Fairpak. I work in retail fashion and trading out there is tough. One company will go under this Xmas I will bet you anything.

zoe_b

kool-mumma wrote:

Their contact helpline number is now dead?!

I rang the helpline & I got the answerphone message saying that they're closed & will re-open tomorrow?

cosmic-dust

:rotfl: It's like chinese whispers

kool-mumma

God, it is isn't it! I do like a bit of excitement though!! Quite looking forward to going to my nearest shop as its near Tescos so yet again I have an excuse!!

kool-mumma

zoe_b wrote:

I rang the helpline & I got the answerphone message saying that they're closed & will re-open tomorrow?

Which number did you ring? Hee hee can I not even dial correct numbers today!

lil_me

Oh dear I have over £50 in Adams Nectar vouchers, I best spend them soon, just incase.

ladysparklexx

surely if they were closing they wouldnt hhave changed their online sale from 50% to only 30% off, also i wouldnt be worrying quite yet about the orders from the online sale some people have started to recieve theirs

quick question though if they do go bust what would happen to my adams credit card, do they demand the balance to be paid back straight away?