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Another Retailer About To Bite The Dust ?

http://www.bbc.co.uk/news/business-16064944

Another retailer with no real identity or defined customer base. IMO overpriced products. One report states that the debt owed to the banks is more than the company value.
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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 7 December 2011 at 5:01PM
    molerat wrote: »
    http://www.bbc.co.uk/news/business-16064944

    Another retailer with no real identity or defined customer base. IMO overpriced products. One report states that the debt owed to the banks is more than the company value.

    Millets (part of group) is pretty popular around these parts for outdoor gear, not so Blacks.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • molerat wrote: »

    Another retailer with no real identity or defined customer base. IMO overpriced products. One report states that the debt owed to the banks is more than the company value.

    The Pentland Group or the Black family (nothing to do with BLACKS), will pick up a bargain :money: Anything to keep Ashley out.
    :money: :money: :money: :money: :money: :money:
  • molerat
    molerat Posts: 35,017 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 December 2011 at 5:38PM
    Looks like he has already got 22.48% http://online.hemscottir.com/ir/spd/xml_feed.jsp?page=news-item&item=844405602815397

    All he will want is the brand names.
  • molerat wrote: »
    Looks like he has already got 22.48%

    This holding was bought a couple of years ago for around £50m, now worth around £1m. This was part of his last attempt to buy them, scuppered by suppliers to Blacks.
    :money: :money: :money: :money: :money: :money:
  • molerat
    molerat Posts: 35,017 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Another million shares bought today @1.875p
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 7 December 2011 at 6:01PM
    As OP says goods often overpriced IMO. i think they believe they are a bit of an upmarket seller.

    Millets not so bad providing you get their offers but not a wide choice.

    If they go it will be a shame to lose another competitor though.

    Certainly don't want more Sports Direct dumbing down of brands or Gooutdoors with their non offers.

    There must be market share to be had look at Decathalon for instance.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    molerat wrote: »
    http://www.bbc.co.uk/news/business-16064944

    Another retailer with no real identity or defined customer base. IMO overpriced products. One report states that the debt owed to the banks is more than the company value.


    Sounds like UKPLC;)
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • tiff
    tiff Posts: 6,608 Forumite
    Part of the Furniture Combo Breaker Savvy Shopper!
    Millets in Bristol looked like they didnt have enough stock last Saturday when I went in there. The upstairs floor looked bare.
    “A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey
  • tiff wrote: »
    Millets in Bristol looked like they didnt have enough stock last Saturday when I went in there. The upstairs floor looked bare.

    The trouble is when suppliers get a whiff of a troubled retailer, they hold back on supplies.
    :money: :money: :money: :money: :money: :money:
  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    1,000 Posts Combo Breaker
    edited 7 December 2011 at 11:01PM
    It isn't that long ago that Blacks acquired Millets.

    Both shops suffer, they don't really have USPs. They're mainly in town and quite frankly that is an expensive place to be for showrooms and many people avoid town centres these days because of council's anti-car policies.

    Contrary to what has been said by another poster, I like Go-Outdoors. Free parking, easy to get to, showrooms the size of a B&Q with every in stock and on display (virtually). Their pricing is competitive and although they do play about with their pricing for offers, you can pick up bargains.
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