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-   -   Changes on the High Street (https://www.cableforum.uk/board/showthread.php?t=33705897)

Hugh 26-01-2020 18:06
Re: House of Fraser in trouble...
 
You didn't say "some things", you said "if you're not selling anything"

Pierre 26-01-2020 18:06
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by nomadking (Post 36023213)
Like what? Rents and rates aren't the problem, as the sales are not there in the first place for so many shops. The big superstores sell so much of everybody's regular and more occasional needs that they don't need to go elsewhere.
Rents and rates may not be “the” problem, but they are part of the problem.

nomadking 26-01-2020 18:30
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by Hugh (Post 36023665)
You didn't say "some things", you said "if you're not selling anything"
You forgot the bit before.
Quote:
people aren't visiting the high streets and buying anything.
If they're not visiting the high st, they can't be buying anything from there.

---------- Post added at 17:30 ---------- Previous post was at 17:21 ----------

Quote:
Originally Posted by Pierre (Post 36023666)
Rents and rates may not be “the” problem, but they are part of the problem.
Stores would still be closing, people would still not be visiting, people would still not be buying.


Were the stores that have closed, making enough to cover the staffing costs, before rents and rates were included?

Carth 26-01-2020 22:06
Re: House of Fraser in trouble...
 
Our high street is that quiet that even the beggars have stopped attending

heero_yuy 17-03-2020 10:41
Re: House of Fraser in trouble...
 
Quote:
Quote from The Sun Money: Carphone Warehouse will close all of its 531 standalone stores next month, in a move that will lead to 2,900 job losses.

The store closures are part of a plan to turn around the retailer's mobile business, its parent company Dixons Carphone said.

The retailer expects another 1,800 staff affected by the store closures to be able to find new jobs within the business.

There are Carphone Warehouse shops inside 305 big PC World and Curry's stores, and these won't be affected by the changes.

Carphone Warehouse said customers will be be able to go to the big stores for service while mobile offers will still be available online and the carphonewarehouse.com site will remain open.

The standalone stores, which represent 8 per cent of Dixons Carphone’s total selling space in the UK, will close on April 3.
Rationalisation: No point in having a separate store open if there's a local PC World or Curry's that can do the same thing in house.

heero_yuy 17-03-2020 14:31
Re: House of Fraser in trouble...
 
Pop goes another one:

Quote:
Quote from The Sun: LAURA Ashley has collapsed into administration after talks to rescue the chain failed due to the coronavirus, putting 2,700 jobs at risk.

The clothing and furnishing retailer has been struggling with tough high street conditions and recently warned that it needed a £15million loan to survive.

It had been doing well during the seven weeks to March 13, with trading up 24 per cent on the same period a year earlier.

However, it said the coronavirus has "had an immediate and significant impact on trading, and ongoing developments indicate that this will be a sustained national situation".

It added that its main shareholder MUI Asia Limited won't be able to step in with the money which is needed in time.

Laura Ashley said it hired advisers from PricewaterhouseCoopers (PwC) to oversee the administration on Tuesday.
If the whole country gets shut down there'll be many more failures like this as many retailers, pubs, restaraunts and hotels are teetering on the brink.

denphone 17-03-2020 14:47
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 36027731)
Pop goes another one:



If the whole country gets shut down there'll be many more failures like this as many retailers, pubs, restaraunts and hotels are teetering on the brink.
l have just seen the chief executive of UK Hospitality, which represents the industry who believes the industry is facing a existential threat unless it gets help from the government.

RichardCoulter 17-03-2020 18:21
Re: House of Fraser in trouble...
 
Absolutely. If some businesses don't receive financial help within two to three weeks, they will be going into administration.

denphone 17-03-2020 18:26
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by RichardCoulter (Post 36027755)
Absolutely. If some businesses don't receive financial help within two to three weeks, they will be going into administration.
Chancellor Rishi Sunak £330bn of government-back loans and guarantees.

He also promises three-month mortgage holidays.


https://www.bbc.co.uk/news/live/world-51921683

heero_yuy 27-03-2020 15:30
Re: House of Fraser in trouble...
 
Quote:
Quote from The Sun: Rent-to-own firm BrightHouse is on the brink of collapse putting 2,400 jobs at risk.

The high-cost credit firm will file for administration on Monday, reports Sky News, and will appoint accountancy firm Grant Thornton as administrators.

The firm had been struggling to stay afloat due to a surge in compensation claims over irresponsible lending.

But now investors have withdrawn support for a proposed restructuring plan amid the coronavirus crisis.

BrightHouse has had to shut up shop in line with new government rules to stop the spread of COVID-19 and protect the "health and wellbeing of our staff and customers".
Not sure how many will weep for the loss of this rip off company.

Paul 27-03-2020 15:31
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 36029236)
Not sure how many will weep for the loss of this rip off company.
At least 2,400 :td:
Quote:
..... putting 2,400 jobs at risk.

1andrew1 27-03-2020 15:42
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 36029236)
Not sure how many will weep for the loss of this rip off company.
Its customers who stand to receive less/no compensation now for being ripped off.

RichardCoulter 27-03-2020 18:47
Re: House of Fraser in trouble...
 
Primark is refusing to pay it's rent:

https://www.telegraph.co.uk/business...outbreak-ends/

1andrew1 27-03-2020 18:59
Re: House of Fraser in trouble...
 
Carluccio's looks set to fail to with 2,000 jobs going.
https://www.bbc.co.uk/news/business-52070151

denphone 27-03-2020 19:11
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by 1andrew1 (Post 36029252)
Carluccio's looks set to fail to with 2,000 jobs going.
https://www.bbc.co.uk/news/business-52070151
Ouch!! Andrew as there will be many more who go by the wayside sadly in the coming months as the full economic consequences of the Coronavirus lockdown starts to play out.


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