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Retailers 'facing critical financial issues'
Comments
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Graham_Devon wrote: »It always seems to be rent that's the issue.
Surely landlords would prefer to charge less and get something, than to see the business paying them fold?
On the BBC news this morning the retailers were saying that whilst rents are high, LLs were often negotiating terms, improving break conditions to make terms more flexible.
The monkey was business rates. In the example used "Timpsons" the owner of the chain suggested that rates used to be 33% of rent but had increased to 45%+ and are continuing to climb."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 Muruganantham0 -
http://www.bbc.co.uk/news/business-20832355
Is it going to be a Merry Xmas ?
I wonder if they have anyone particular in mind, my local WHS has just downsized to 2/3rds its old size.
On a positive note we are getting a Brantano, Bensons Beds and Costa have just applied for a 2nd shop in the town.
We have a small WHS but it is just overpriced.
Independent retailers in town offer the same or similar products that undercut them by a long way (obviously not newspapers and magazines).
We also have a Costa and a number of independent coffee shops too. It is too early say whether the arrival of Costa will take out some off those other shops. It is good to see the units full but the lack of variety makes it pretty pointless."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 Muruganantham0 -
grizzly1911 wrote: »We have a small WHS but it is just overpriced.
Independent retailers in town offer the same or similar products that undercut them by a long way (obviously not newspapers and magazines).
...
You can see this in places like Picadilly station.
The choice is clear :-
a) walk into Smiths and pay 85p for an Aero or something
b) walk 50 yards to the Sainsbury store and pay almost half this.
People aren't stupid.0 -
You can see this in places like Picadilly station.
The choice is clear :-
a) walk into Smiths and pay 85p for an Aero or something
b) walk 50 yards to the Sainsbury store and pay almost half this.
People aren't stupid.
Actually they are. But you're right in that for the most part even the stupid will walk 50 yards to save 40p on a chocolate bar.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »Actually they are. But you're right in that for the most part even the stupid will walk 50 yards to save 40p on a chocolate bar.
Didn't mummy tell you about looking after the pennies?;)"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 Muruganantham0 -
grizzly1911 wrote: »Didn't mummy tell you about looking after the pennies?;)
You misread it. I said even the stupid will walk 50 yards to save the pennies, not that people who would do so are necessarily stupid.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
I order almost everything I buy online and I only occasionally buy goods from the high street and usually when I'm there I only visit charity shops or the 99p shop.0
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I'm prepared to pay more rather than buy online if the service is good. I recently bought a new lens for my camera in the shop I was able to try both the lens I was interested in the retailer was very good so I paid the extra. I wonder how much longer I will be able to do that.0
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RevolvingDoor wrote: »I order almost everything I buy online and I only occasionally buy goods from the high street and usually when I'm there I only visit charity shops or the 99p shop.
Retailers do not do themselves any favours. We walked to the local shops this morning to pick up up a couple of common or garden, typical, Christmas Eve-ey type items. One was sold out, the other apparently not available. Given the timing and the type of items I will not be buying them over the internet. But there have been numerous times when I have done so in similar circumstances. Or sometimes have not even looked in shops in the first place, in anticipation of the familiar and depressing : "We do have them, but we're out of stock." "So when will you be getting more in ?" "Dunno, the delivery's next week, but we never know what they're going to send us."
Hmmm.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
I'm prepared to pay more rather than buy online if the service is good. I recently bought a new lens for my camera in the shop I was able to try both the lens I was interested in the retailer was very good so I paid the extra. I wonder how much longer I will be able to do that.
I did exactly the same with a TV hard drive recorder in the Summer. The pain of arguing with a box shifter if it went wrong wasn't worth the £20 I'd have saved.
That said, many high st retailers still haven't worked out that service is what will keep them in business. Who ever got decent service out of Comet? Who cares if WH Smith's (literally) Victorian business model fails? What we will miss is the reliable, knowledgeable, butcher, fishmonger and baker, not the zombies like Comet, Clintons cards and Dorothy Perkins.0
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