Another High Street Name goes bust - Page 2

Hom3r · 07-07-2011, 11:47

I was wondering if Subway is in trouble, we had two in our town both are closed.

I thought at first when I saw the first one it was over kitchen hygene, but the notice on the door implied rent hadn't been paid, and the other one has the same message, so I guess the same people owned both?

Stuart · 07-07-2011, 11:52

Subway use franchises. The Franchisees may be in trouble.

Stephen · 07-07-2011, 11:52

Quote:

Originally Posted by Hom3r

I was wondering if Subway is in trouble, we had two in our town both are closed.

I thought at first when I saw the first one it was over kitchen hygene, but the notice on the door implied rent hadn't been paid, and the other one has the same message, so I guess the same people owned both?

Subway is a huge American company and is not in trouble at all.

Every Subway branch is a franchise so its more than likely the owners could no longer afford to keep going.

Dai · 07-07-2011, 14:04

Quote:

Originally Posted by Stephen

Are you sure thats not just the summer sales that most stores have on at the moment?

I don't remember seeing such drastic cuts offered before or the number of empty shops already. It doesn't seem 5 minutes since the winter/spring sales finished and these just feel more desperate.

Stephen · 07-07-2011, 14:56

The shops are just trying to get customers I guess.

Dai · 07-07-2011, 15:44

Quote:

Originally Posted by Stephen

The shops are just trying to get customers I guess.

Indeed. They are feeling the spread of internet shopping now as well. The first hit were the record shops and you're hard pressed now to find an independant retailer selling music. The other stuff has taken longer but many will be hit hard by the new on-line systems.

I'd imagine the clothing/shoe shops will hold their own in the long term. There's no real substitute for trying something on in real life. However, the over-priced sector will be slimmed down a LOT.

Stephen · 07-07-2011, 15:46

I just got an email for Mountain warehouse and their up to 70% off sale both online and instore.

I think up to 70% is just the current standard for sales.

TJS · 07-07-2011, 17:34

Quote:

Originally Posted by Stephen

I just got an email for Mountain warehouse and their up to 70% off sale both online and instore.

I think up to 70% is just the current standard for sales.

Yup,

I went into the shopping centre yestarday and everything was "80% off" and "60% off" e.t.c

---------- Post added at 18:34 ---------- Previous post was at 18:34 ----------

also river island has t-shirts for like Â£3 at the moment in the sales

Hom3r · 07-07-2011, 20:27

Quote:

Originally Posted by DaiNasty

Indeed. They are feeling the spread of internet shopping now as well. The first hit were the record shops and you're hard pressed now to find an independant retailer selling music. The other stuff has taken longer but many will be hit hard by the new on-line systems.

I'd imagine the clothing/shoe shops will hold their own in the long term. There's no real substitute for trying something on in real life. However, the over-priced sector will be slimmed down a LOT.

We only have HMV that does a decent music/film catalogue in our town, all the others over ther years have gone. (Parrott Records, Our Price, Woolworths, Virgin Megastore & Zavii) If HMV go I'll only have the supermarkets to browse and they don't do much variaty.