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

Mr K 08-02-2018 18:37
Re: House of Fraser in trouble...
 
Tbh you have more protection buying goods online. I bought some clothes from Sports Direct in-store, changed my mind, took them back but could only get a credit note. If I'd bought them online, they would have had to refund me became of distance selling regulations. If we want shops to survive consumers need the same protection as buying online.

TheDaddy 08-02-2018 19:24
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by Carth (Post 35936169)
I guess so, seems a bit hit n miss to me, putting your trust in a few dodgy reviews and a couple of nice pictures :D
I guess you can always return it for a refund if it's not as good as advertised though :)

But yeah, online, that's the future of shopping and a further hit to the high street. I've been patiently waiting for retirement so I can shuffle around town with a shopping trolley - I could miss out on that one :rofl:
You still have shuffling around town pretending to be deaf to fall back on, they can't take that away from you :)

heero_yuy 08-02-2018 19:37
Re: House of Fraser in trouble...
 
Quote:
Quote from TheDaddy:


You still have shuffling around town pretending to be deaf to fall back on, they can't take that away from you :)
Plenty of winged rats pigeons still need feeding. :erm:

heero_yuy 16-02-2018 14:32
Re: House of Fraser in trouble...
 
Quote:
Quote from Sky News:


Toys R Us UK faces crashing into administration at the end of the month unless it can find new investors prepared to shoulder a £15m tax bill.

Sky News has learnt that advisers to Britain's biggest standalone toy retailer are racing to secure a rescue deal for the business by the middle of next week, just days ahead of a 27 February deadline to meet a mammoth VAT demand.

Sources said the company, which employs more than 3,000 people in the UK, would work through this weekend in an effort to progress talks with potential bidders.

The Entertainer, a privately owned chain, and Alteri Investors, an acquirer of distressed retailers, are understood to have held talks in the last fortnight about buying parts of Toys R Us UK, although their ongoing interest was unclear on Friday.
They're going down like nine pins. :(

denphone 16-02-2018 15:39
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 35937116)
They're going down like nine pins. :(
Yes ours has hardly anything on its shelves now as this has been in the offing for quite a while now.

denphone 20-02-2018 05:19
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 35937116)
They're going down like nine pins. :(
Indeed Maplins might be joining them off that precipice any time soon.


Quote:
One of the UK’s biggest electronics retailers is racing to find a buyer in an effort to save the business from administration.

http://www.telegraph.co.uk/business/...id-find-buyer/

https://www.theguardian.com/business...-to-find-buyer

heero_yuy 26-02-2018 11:36
Re: House of Fraser in trouble...
 
Quote:
Quote from Sky News:


Toys R Us is seeking bids for its stores in Continental Europe just hours‎ before it plans to place its British operations into administration.

Sky News understands that advisers to the stricken toy retailer have told potential buyers of its European division to lodge offers by the close of business on Monday.

Toys R Us trades from more than 230 shops in 10 European markets, including Austria, France, Germany and Spain.

Several private equity firms are understood to be planning to table bids for the division, which also has a presence in Denmark, Finland, Iceland, Norway, Poland and Portugal.

It was unclear this weekend whether the European arm of Toys R Us faces a similar path towards insolvency if a sale cannot be agreed in the coming weeks.

Sky News revealed on Friday that Moorfields, a corporate recovery firm, is being lined up to handle the administration of Toys R Us UK, which is expected to be triggered on Tuesday.

The move would threaten more than 3,000 jobs on an already-troubled high street.
Looks like the UK operation is doomed. :(

alanbjames 26-02-2018 11:47
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by denphone (Post 35937694)
Indeed Maplins might be joining them off that precipice any time soon.





http://www.telegraph.co.uk/business/...id-find-buyer/

https://www.theguardian.com/business...-to-find-buyer
The Problem with Maplin they have always been very expensive.

I remember years ago they had a Qtec 500Watt Gold PSU on sale for £99.99 and the same one online was under £40. This is just one example.

denphone 26-02-2018 12:21
Re: House of Fraser in trouble...
 
Quote:
Originally Posted by heero_yuy (Post 35938543)
Looks like the UK operation is doomed. :(
The market has changed beyond recognition and they have failed to change with it.

---------- Post added at 12:21 ---------- Previous post was at 12:19 ----------

Quote:
Originally Posted by alanbjames (Post 35938544)
The Problem with Maplin they have always been very expensive.

I remember years ago they had a Qtec 500Watt Gold PSU on sale for £99.99 and the same one online was under £40. This is just one example.
Indeed they are too expensive compared to online and unless they can offer something different they are doomed.

denphone 28-02-2018 10:19
Re: House of Fraser in trouble...
 
As expected..

http://www.bbc.co.uk/news/business-43225248

heero_yuy 28-02-2018 10:21
Re: House of Fraser in trouble...
 
Quote:
Quote from Financial Times:


The UK arm of Toys R Us has collapsed into insolvency, putting thousands of jobs at risk just two months after the chain won creditor backing for a sweeping restructuring plan to tame its unmanageable rent bill.

Executives had been battling to raise cash to pay a tax liability that fell due this week, but the efforts collapsed after a number of private equity funds and restructuring specialists walked away.

Insolvency specialists at Moorfields have begun the process of closing its British operations, which employ nearly 3,000 people and has an estimated funding shortfall of at least £25m in its pension scheme.
Apparently there's to be a fire sale in the closing stores so bag a bargain while you can.

Matthew 28-02-2018 10:45
Re: House of Fraser in trouble...
 
Maplin too http://www.bbc.co.uk/news/business-43223175

Maggy 28-02-2018 11:20
Re: House of Fraser in trouble...
 
Which is why I choose to shop in my easy to walk to independent butchers,bakers,fish shop and green grocers..I only go to the supermarkets for the heavy and bulky stuff. I have to shop online for clothes because I'm a big girl and I save on shoe leather trying to find clothes that fit.

heero_yuy 28-02-2018 14:27
Re: House of Fraser in trouble...
 
Quote:
Quote from Sky News:


The restaurant chain Prezzo plans to close up to one-third of its 300 outlets across Britain, putting hundreds of jobs at risk as it joins a growing list of high street employers locked in a desperate battle to restructure their finances.

Sky News has learnt that Prezzo, which is owned by the private equity firm TPG Capital, is preparing to launch a Company Voluntary Arrangement (CVA) in the coming days in order to push through the radical overhaul.

The closure plan will affect roughly 100 Prezzo-owned outlets and involve the complete closure of its Tex-Mex chain Chimichanga, according to people close to the company.

Sources said on Wednesday that the CVA process would be unveiled "in the next few days", and would involve negotiations with landlords to secure rent reductions at many of Prezzo's remaining restaurants.

Several hundred jobs are likely to be lost as a result of the restructuring deal, although the exact figure is expected to be far lower than one-third of Prezzo's total workforce of 4,500, an insider said.
So it continues...

Carth 01-03-2018 08:17
Re: House of Fraser in trouble...
 
The times they are a changing . .

We will soon no longer be a nation of shopkeepers, but will be a nation of delivery drivers :(

. . . . until the interweb goes boobies upwards, or delivery charges exceed the minimum national wage :D

Just think, all those extra vehicles on the road adding to the environmental catastrophe we are trying so hard to avoid :rolleyes:


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