Cable Forum - Changes on the High Street

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Cable Forum (https://www.cableforum.uk/board/index.php)

- Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)

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

denphone

02-06-2018 12:18

Re: House of Fraser in trouble...

Quote:

Originally Posted by 1andrew1 (Post 35948945)

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

3 years ago we have no B&M's stores and now we have three within a 10 mile radius.

1andrew1

02-06-2018 12:33

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 35948947)

3 years ago we have no B&M's stores and now we have three within a 10 mile radius.

Not so many near me but I'm sure there will be soon! B&M and Wilko are the new Woolworths to me. B&M have said that they will look at new-build stores, stores that retailers like Homebase and Mothercare are vacating and stores that Asda-Sainsbury's will have to get rid of by the competition authorities.
They also own expanding cheap convenience store chain Heron Foods so maybe you'll see a few branches of those near you too, Den. http://heronfoods.com/heron/content/about-us

heero_yuy

07-06-2018 11:22

Re: House of Fraser in trouble...

Quote:

Quote from The Sun:

Poundworld is at risk of collapse after a buyer walked away from talks to rescue the business.

The retailer could be expected to call in administrators within days if it doesn't find a buyer, according to a source, putting 5,300 jobs at risk.

There has previously been speculation that Poundworld was going to axe 100 shops but if the retailer goes into administration, this could put more of its 355 stores at risk.

The budget brand was put up for sale by it's owner TPG Capital, but a potential buyer, Alteri Investors, is said to have walked away from sale talks.

Maybe somebody will buy it for a pound? :erm:

denphone

07-06-2018 11:25

Re: House of Fraser in trouble...

Quote:

Originally Posted by heero_yuy (Post 35949599)

Maybe somebody will buy it for a pound? :erm:

The trouble is we now have too many pound shops so something has to give in a very congested market sadly.

heero_yuy

07-06-2018 12:01

Re: House of Fraser in trouble...

Quote:

Quote from Sky News:

House of Fraser has announced plans to close 31 of its 59 stores by early 2019.

The retailer has been struggling for some time and has now confirmed its intention to shut many of its shops, relocate its main offices and cut thousands of jobs.

Among the branches to go are Birmingham, Cardiff and the flagship Oxford Street branch in London.

Full store closure list on red link.

denphone

07-06-2018 12:08

Re: House of Fraser in trouble...

Quote:

Originally Posted by heero_yuy (Post 35949603)

Full store closure list on red link.

Yep one in our city which is a massive store so it will be interesting if they can find new tenants for it.

Gavin78

07-06-2018 15:09

Re: House of Fraser in trouble...

HOF is one store I've never shopped in.

denphone

07-06-2018 15:13

Re: House of Fraser in trouble...

Quote:

Originally Posted by Gavin78 (Post 35949637)

HOF is one store I've never shopped in.

Too pricey IMO but others might think differently nash.

1andrew1

07-06-2018 18:07

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 35949606)

Yep one in our city which is a massive store so it will be interesting if they can find new tenants for it.

Maybe a hotel or apartments in the top and other value chains in the bottom like TJ Hughes, Wilko, B&M, TK Maxx, Lidl, Aldi and Wetherspoon which are all expanding.

denphone

07-06-2018 18:13

Re: House of Fraser in trouble...

We had a TJ Hughes and they closed it while we have a Wilko, 3 B&M's , a TK Maxx , 5 Lidl's , several Aldi's and plenty of Wetherspoon's.

richard s

07-06-2018 20:09

Re: House of Fraser in trouble...

Quote:

Originally Posted by Gavin78 (Post 35949637)

HOF is one store I've never shopped in.

You should have tried it at least once you will be amazed how things cost so much. A shop chain for the better off folks in our society me thinks.

1andrew1

07-06-2018 21:31

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 35949670)

We had a TJ Hughes and they closed it while we have a Wilko, 3 B&M's , a TK Maxx , 5 Lidl's , several Aldi's and plenty of Wetherspoon's.

Hmm, looks like something like Travelodge is a likely outcome then.

denphone

07-06-2018 21:37

Re: House of Fraser in trouble...

Quote:

Originally Posted by 1andrew1 (Post 35949698)

Hmm, looks like something like Travelodge is a likely outcome then.

Hmmm we already have several of those as well.

1andrew1

07-06-2018 23:28

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 35949699)

Hmmm we already have several of those as well.

Well, I tried, lol be interesting to see what happens.

Carth

08-06-2018 00:24

Re: House of Fraser in trouble...

Quote:

Originally Posted by 1andrew1 (Post 35949718)

Well, I tried, lol be interesting to see what happens.

Student accommodation, it's the next big thing :D

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