Changes on the High Street
06-08-2019, 09:30
|
#226
|
cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 7,868
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by heero_yuy
Staff had virtually no warning. That's pretty tough.
|
That's the law for you. The rules specify that it has to be an absolutly last minute decision. No forward notice or planning allowed.
|
|
|
06-08-2019, 09:40
|
#227
|
Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,402
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by heero_yuy
Staff had virtually no warning. That's pretty tough.
|
And more jobs at risk here..
https://www.theguardian.com/business...0-jobs-at-risk
Quote:
The online retailer Boohoo has made an offer to buy the digital businesses and brands of Karen Millen and Coast, in a move that will raise fears for the jobs of hundreds of workers in the brands’ high street stores.
|
Quote:
In a statement to the stock market published on Tuesday, Boohoo said it had offered to buy the brands, but made no mention of the struggling Karen Millen’s extensive high street network.
|
Quote:
Karen Millen and Coast together employ about 1,100 people with 32 stores and 177 concessions across the UK. Coast also has a significant overseas presence, with concessions in the Middle East and outposts as far-flung as Singapore and Malaysia.
|
__________________
“The only lesson you can learn from history is that it repeats itself”
|
|
|
06-08-2019, 14:47
|
#228
|
cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
|
Re: House of Fraser in trouble...
TBH don't think I've ever heard of either Karen Millen or Coast.
Taking a quick look as to 'who where what' leads me to believe their prices aren't exactly appealing to many.
Time to buy shares in Lidl & Primark do you think?
|
|
|
09-08-2019, 13:05
|
#229
|
Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,402
|
Re: House of Fraser in trouble...
More possible closures on the High Street.
https://news.sky.com/story/office-si...-loom-11780870
Quote:
The shoe retailer Office is plotting the closure of up to half its UK stores as it becomes the latest chain to confront the impact of brutal high street trading.
|
__________________
“The only lesson you can learn from history is that it repeats itself”
|
|
|
09-08-2019, 13:20
|
#230
|
cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 7,868
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by denphone
|
It's more of a case of not renewing leases.
Quote:
Decisions about some stores' future would be taken as they approached the end of their leases, the sources added.
Those which are earmarked for closure will not shut immediately.
|
|
|
|
09-08-2019, 13:35
|
#231
|
laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,289
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by nomadking
It's more of a case of not renewing leases.
|
And if they don't renew their leases, those shops will be shutting?
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
|
|
|
09-08-2019, 13:39
|
#232
|
cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 7,868
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by Hugh
And if they don't renew their leases, those shops will be shutting?
|
If there was an immediate problem they would need to close immediately. Probably just a tactic to pressure landlords.
|
|
|
07-10-2019, 15:18
|
#233
|
Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,402
|
Re: House of Fraser in trouble...
Pizza Express the next to collapse...
https://www.dailymail.co.uk/news/art...disappear.html
https://www.bloomberg.com/news/artic...with-creditors
Quote:
High Street food chain Pizza Express is at risk of being the next eatery in the UK to collapse after the firm hired advisors ahead of talks with creditors.
|
Quote:
Langton Capital Limited tweeted out the update following the announcement on October 4, that the company had hired advisors.
|
Quote:
Langton had previously sent out a report to clients which highlighted the amount of debt the firm was in, and how each restaurant was accumulating £1.6 million of debt.
|
__________________
“The only lesson you can learn from history is that it repeats itself”
|
|
|
09-10-2019, 15:18
|
#234
|
cf.mega poster
Join Date: Jan 2012
Location: Deepest pits of Hell
Age: 39
Posts: 4,966
|
Re: House of Fraser in trouble...
Damn, so many big companies going bust lately.
|
|
|
09-10-2019, 16:50
|
#235
|
cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
|
Re: House of Fraser in trouble...
Once a hole appears, the big company solution is to throw more into it hoping it fills up again. Once you realise it's a bottomless pit, you've gone too far to back away.
Smaller companies/businesses tend to back off once cracks appear
just my take on it
|
|
|
10-10-2019, 06:35
|
#236
|
Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,402
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by Carth
Once a hole appears, the big company solution is to throw more into it hoping it fills up again. Once you realise it's a bottomless pit, you've gone too far to back away.
Smaller companies/businesses tend to back off once cracks appear
just my take on it
|
That just about sums it up Carth as my brother worked for a company until a couple of years ago and when the company went under it revealed a trail of robbing Peter to pay Paul going back many years before.
https://en.wikipedia.org/wiki/Palmer_and_Harvey
__________________
“The only lesson you can learn from history is that it repeats itself”
|
|
|
10-10-2019, 23:13
|
#237
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,344
|
Re: House of Fraser in trouble...
|
|
|
11-10-2019, 05:17
|
#238
|
Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,402
|
Re: House of Fraser in trouble...
Quote:
Originally Posted by 1andrew1
|
l remember l first starting going in there as a youngster and it was like a Aladdins cave to me.
__________________
“The only lesson you can learn from history is that it repeats itself”
|
|
|
16-10-2019, 14:09
|
#239
|
cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
|
Re: House of Fraser in trouble...
Jessops owner plans to call in administrators.
https://www.bbc.co.uk/news/business-50066623
Quote:
Camera chain Jessops plans to call in administrators as its owner, Dragons Den star Peter Jones, tries to salvage the struggling High Street brand.
Mr Jones bought the chain from administrators in 2013 after it collapsed under £81m of debt.
But since then, the firm, which has 46 shops, has not made a single profit and losses have mounted in recent years.
|
Cameras have, for some time now, been relegated to the bottom shelf due to the leaps forward in mobile phone camera resolutions.
Pictures can be processed and printed at home, or at supermarkets (Asda eg) by users with the basic programs to do so.
I have a decent camera sitting in a drawer that I haven't used for about 3 years . . anyone similar?
|
|
|
16-10-2019, 17:41
|
#240
|
Bah Humbug!!
Join Date: Feb 2004
Location: Glasgow
Age: 43
Services: Sky Q 2Tb, Sky Q mini, boxsets and Sports & Movies HD, Sky Fibre unlimited
Posts: 13,937
|
Re: House of Fraser in trouble...
I bought a DSLR which I bought from Jessops in 2013 just after they reopened. I do use it often and have a few lenses for it. However due to various personal issues I have decided to sell it all as I need the cash. It's a shame that they are struggling again.
__________________
AMD Ryzen 7 7700 | 32GB DDR5 6000 | RADEON 7900XT | WD 2TB NVME
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 02:14.
|