HMV administration and returning goods?

OlliesDad

Wicked_witch wrote: »

Having googled, apparently not. So perhaps that is a way forward? Companies get insurance that covers staff wages and redundancy (so no cost to the tax payer) and open customer interactions (orders, returns, giftcards). Suppliers get insurance to cover the costs of a client becoming bankrupt- payment for stock delivered and any other expenses. Everyone gets fair treatment and no one out of pocket except the administrators, who won't really be needed so can look into selling insurance instead

Which insurance company would insure companies in this way? Realistically the premiums would be ridiculously high.

Wicked_witch

I wrote out a post explaining how it could work in theory (just very broadly of course!) and how it could help the economy and consumer confidence. And MSE ate the post. First time that's ever happened, lucky I'm not the paranoid type!

Anyway, I used the downtime to flesh out the idea and write to my MP with it, so no harm done.

Guardsman

http://www.bbc.co.uk/news/business-21141209

Zandoni

railbuff wrote: »

so you would visit a high street store when they had empty shelves

a shop needs stock to exist, no stock then no shop, no shop then no consumers. so stock is needed before consumers.

Of course not, but I said that "the consumer is the reason why shops exist". So they should be protected to maintain confidence.

railbuff

Zandoni wrote: »

Of course not, but I said that "the consumer is the reason why shops exist". So they should be protected to maintain confidence.

but without stock you just have an empty room and not a shop, so for a shop to exsist it first needs stock to sell and then second it needs consumers to purchase the stock, so they can replenish the stock

prowla

railbuff wrote: »

but without stock you just have an empty room and not a shop, so for a shop to exsist it first needs stock to sell and then second it needs consumers to purchase the stock, so they can replenish the stock

It's one of those chicken & egg things - which comes first...

railbuff

prowla wrote: »

It's one of those chicken & egg things - which comes first...

yes, but you do need stock before to get customers as a shop without stock is as i said just an empty room (not a shop) that wont get any customers.

prowla

railbuff wrote: »

yes, but you do need stock before to get customers as a shop without stock is as i said just an empty room (not a shop) that wont get any customers.

Yup, and unless you have customers then your shop isn't going to last long.
(Actually, some shops don't need stock - just display goods.)

railbuff

prowla wrote: »

Yup, and unless you have customers then your shop isn't going to last long.
(Actually, some shops don't need stock - just display goods.)

but they still need the goods from supplier to display, so as again, so goods/stock then no shop for customers to visit.

prowla

railbuff wrote: »

but they still need the goods from supplier to display, so as again, so goods/stock then no shop for customers to visit.

So, they need the supply chain, but not the actual goods that they are selling there and then.