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

denphone 22-05-2018 18:09
Re: House of Fraser in trouble...
 
Tesco shuts its online non-food website, Tesco Direct.

https://www.theguardian.com/business...e-tesco-direct

1andrew1 24-05-2018 01:04
Re: House of Fraser in trouble...
 
Quote:
Sources said that Alteri, which previously owned Austin Reed, and Hilco, which bought HMV out of administration in 2013, were the leading candidates to buy Homebase...
Sources said that both Alteri and Hilco would seek to restructure Homebase - which is part of Wesfarmers' Bunnings division - by closing a significant number of its 220 stores, potentially putting thousands of people out of work.
The UK DIY chain employs more than 11,000 people, and is expected to transfer to a new owner with a 'dowry' worth £75m or more.
https://news.sky.com/story/thousands...owner-11382848

RichardCoulter 24-05-2018 17:30
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by denphone (Post 35947688)
Tesco shuts its online non-food website, Tesco Direct.

https://www.theguardian.com/business...e-tesco-direct
Interesting, considering that it's online retailers that are being blamed for the loss of high street shops.

Didn't Sainsbury's try this and end up closing it in the end too?

I recently called Tesco Direct to buy something over the phone and was told that, for the past year or so, this has not been possible. I advised them that my disability currently precluded me from doing it online and, whilst staff were very apologetic, they said that they couldn't help as all the computers that used to take telephone orders had been removed.

I spoke to a manager who advised that the same thing and (politely) said that the best he could advise was to buy the item from another retailer that took orders over the phone!

About a year ago I needed an electric knife. I ask all small goods to be put through the cat flap in case there is nobody in or I am unable to get to the door. Tesco Direct refused to do this, saying that, due to knife crime, they required all knives to be signed for by someone over 18! I simply went elsewhere to buy one.

I don't suppose these ridiculous policies will have helped to make the business viable.

RichardCoulter 25-05-2018 00:08
Re: House of Fraser in trouble...
 
I think that this must have been a fairly sudden decision as Tesco Direct have recently started advertising their furniture in a paid for presentation thing during ITV daytime.

Shareholders certainly weren't even given any inkling of this.

1andrew1 25-05-2018 00:28
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by RichardCoulter (Post 35947849)
Didn't Sainsbury's try this and end up closing it in the end too?
Nope. Sainsbury's acquired Argos so are a key player in this area.

---------- Post added at 23:28 ---------- Previous post was at 23:27 ----------

Quote:
Originally Posted by RichardCoulter (Post 35947938)
I think that this must have been a fairly sudden decision as Tesco Direct have recently started advertising their furniture in a paid for presentation thing during ITV daytime.

Shareholders certainly weren't even given any inkling of this.
Campaigns are planned months ahead.

RichardCoulter 25-05-2018 00:45
Re: House of Fraser in trouble...
 
Thinking aboug it, I think that they used to have a non food site similar to Tesco Direct and applied the same spin as Tesco are doing by saying that they were concentrating on making their grocery site better by offering to deliver small non food goods with grocery orders.

Perhaps they did this after buying Argos, or even bought Argos to get back in the game??

Looks like the decision to close Tesco Direct was only made within the last few months from what you say.

1andrew1 25-05-2018 08:42
Re: House of Fraser in trouble...
 
Hilco which bought HMV has acquired Homebase for £1.

denphone 25-05-2018 08:50
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by 1andrew1 (Post 35947968)
Hilco which bought HMV has acquired Homebase for £1.
One of the worst retail acquisitions ever seen as it was a complete disaster for the now previous owners.

https://www.theguardian.com/australi...-plus-disaster

Chris 27-05-2018 19:47
Re: House of Fraser in trouble...
 
There was nothing wrong with the acquisition. It’s what they did with it next that caused the problems. Homebase’s near-failure and massive financial losses were entirely avoidable.

nomadking 27-05-2018 20:35
Re: House of Fraser in trouble...
 
Even where somebody doesn't shop online, the online shopping info makes it easy to compare prices and availability without having to traipse around the different stores.

heero_yuy 31-05-2018 11:35
Re: House of Fraser in trouble...
 
Quote:
Quote from The Sun:


More than 382,000 retail jobs will be lost by 2022, a doomsday business report predicts today.

Damning analysis from the Centre for Retail Research found 61,000 stores had shut their doors since 2012.

By the end of 2018 the figure will be 71,602 - a fall of 18 per cent - with this year expected to be the worst for closures since the 2008 crash.

The independent report said another 31,000 were expected to shut by the end of 2022.It follows previous analysis predicting one in five High Street stores will close by the end of 2018.

And it called for urgent action on issues like car parking charges saying the crisis will “permanently damage” the High Street without rapid intervention.

Report author Dr Joshua Bamfield said shops could be “doomed” without “action to stem the decline”.
Unfortunately the original report on the link is off-line at the moment.

Looks pretty grim for the Hight Street.

RizzyKing 01-06-2018 03:33
Re: House of Fraser in trouble...
 
I rarely venture onto our local high street anymore high prices and lousy customer service are the two main things i don't miss. I'd be prepared to pay a higher price for the convenience of shopping locally but not 20-30% more then i can get the same goods on the internet and that's what's killing many stores they haven't managed to strike the right balance on price. For people like me with disabilities that cannot walk for long periods online shopping is a godsend and allows you to research goods before committing to buy which can save time and hassle no more first sight excitement purchases.

heero_yuy 01-06-2018 10:21
Re: House of Fraser in trouble...
 
Quote:
Quote from CITY A.M:


Carluccio's has announced its proposal to enter a company voluntary arrangement (CVA) has been backed by creditors, with the closure of 30 restaurants.

The Italian restaurant chain said the proposal was required to restructure the company by ditching a number of loss-making restaurants from its 103 UK sites. Carluccio's said today the process will impact up to 30 restaurants.

More specific details on closures will be made by the company "when practicable".

The Italian chain is following the likes of Prezzo, Jamie's Italian and Byron in entering a CVA, with tough times facing established restaurant chains from rising costs and competition.

denphone 01-06-2018 17:11
Re: House of Fraser in trouble...
 
More dismal high street tidings.

Quote:
Mothercare is to close about 50 of its 137 stores by June next year with the potential loss of about 800 jobs after landlords approved a financial rescue package on Friday.
https://www.theguardian.com/business...rescue-package



Now we can see why they were ripe for a takeover.

Quote:
Asda, the supermarket chain being taken over by larger rival Sainsbury’s, has revealed a 10% slump in annual profits for 2017.
https://www.theguardian.com/business...-by-10-in-2017

1andrew1 02-06-2018 11:58
Re: House of Fraser in trouble...
 
In cost-squeezed Britain, it's thrift store B&M which is opening new stores whilst more upmarket retailers close theirs.
B&M plans to open some 45 UK stores over the next year.
In the year ending 31 March, the group's sales increased by nearly a quarter to £3billion!
http://www.thisismoney.co.uk/money/m...s-profits.html


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