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House of Fraser in trouble...
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Old 06-08-2019, 09:30   #226
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Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Staff had virtually no warning. That's pretty tough.
That's the law for you. The rules specify that it has to be an absolutly last minute decision. No forward notice or planning allowed.
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Old 06-08-2019, 09:40   #227
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Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Staff had virtually no warning. That's pretty tough.
And more jobs at risk here..

https://www.theguardian.com/business...0-jobs-at-risk

Quote:
The online retailer Boohoo has made an offer to buy the digital businesses and brands of Karen Millen and Coast, in a move that will raise fears for the jobs of hundreds of workers in the brands’ high street stores.
Quote:
In a statement to the stock market published on Tuesday, Boohoo said it had offered to buy the brands, but made no mention of the struggling Karen Millen’s extensive high street network.
Quote:
Karen Millen and Coast together employ about 1,100 people with 32 stores and 177 concessions across the UK. Coast also has a significant overseas presence, with concessions in the Middle East and outposts as far-flung as Singapore and Malaysia.
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Old 06-08-2019, 14:47   #228
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Re: House of Fraser in trouble...

TBH don't think I've ever heard of either Karen Millen or Coast.

Taking a quick look as to 'who where what' leads me to believe their prices aren't exactly appealing to many.

Time to buy shares in Lidl & Primark do you think?
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Old 09-08-2019, 13:05   #229
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Re: House of Fraser in trouble...

More possible closures on the High Street.

https://news.sky.com/story/office-si...-loom-11780870

Quote:
The shoe retailer Office is plotting the closure of up to half its UK stores as it becomes the latest chain to confront the impact of brutal high street trading.
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Old 09-08-2019, 13:20   #230
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Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
More possible closures on the High Street.

https://news.sky.com/story/office-si...-loom-11780870
It's more of a case of not renewing leases.
Quote:
Decisions about some stores' future would be taken as they approached the end of their leases, the sources added.

Those which are earmarked for closure will not shut immediately.
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Old 09-08-2019, 13:35   #231
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Re: House of Fraser in trouble...

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Originally Posted by nomadking View Post
It's more of a case of not renewing leases.
And if they don't renew their leases, those shops will be shutting?
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Old 09-08-2019, 13:39   #232
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Re: House of Fraser in trouble...

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Originally Posted by Hugh View Post
And if they don't renew their leases, those shops will be shutting?
If there was an immediate problem they would need to close immediately. Probably just a tactic to pressure landlords.
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Old 07-10-2019, 15:18   #233
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Re: House of Fraser in trouble...

Pizza Express the next to collapse...

https://www.dailymail.co.uk/news/art...disappear.html

https://www.bloomberg.com/news/artic...with-creditors

Quote:
High Street food chain Pizza Express is at risk of being the next eatery in the UK to collapse after the firm hired advisors ahead of talks with creditors.
Quote:
Langton Capital Limited tweeted out the update following the announcement on October 4, that the company had hired advisors.
Quote:
Langton had previously sent out a report to clients which highlighted the amount of debt the firm was in, and how each restaurant was accumulating £1.6 million of debt.
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Old 09-10-2019, 15:18   #234
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Re: House of Fraser in trouble...

Damn, so many big companies going bust lately.
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Old 09-10-2019, 16:50   #235
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Re: House of Fraser in trouble...

Once a hole appears, the big company solution is to throw more into it hoping it fills up again. Once you realise it's a bottomless pit, you've gone too far to back away.

Smaller companies/businesses tend to back off once cracks appear

just my take on it
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Old 10-10-2019, 06:35   #236
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Re: House of Fraser in trouble...

Quote:
Originally Posted by Carth View Post
Once a hole appears, the big company solution is to throw more into it hoping it fills up again. Once you realise it's a bottomless pit, you've gone too far to back away.

Smaller companies/businesses tend to back off once cracks appear

just my take on it
That just about sums it up Carth as my brother worked for a company until a couple of years ago and when the company went under it revealed a trail of robbing Peter to pay Paul going back many years before.


https://en.wikipedia.org/wiki/Palmer_and_Harvey
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Old 10-10-2019, 23:13   #237
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Re: House of Fraser in trouble...

Good to read HMV is now profitable and expanding.
https://news.sky.com/story/new-hmv-o...escue-11832188
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Old 11-10-2019, 05:17   #238
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Re: House of Fraser in trouble...

Quote:
Originally Posted by 1andrew1 View Post
Good to read HMV is now profitable and expanding.
https://news.sky.com/story/new-hmv-o...escue-11832188
l remember l first starting going in there as a youngster and it was like a Aladdins cave to me.
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Old 16-10-2019, 14:09   #239
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Re: House of Fraser in trouble...

Jessops owner plans to call in administrators.


https://www.bbc.co.uk/news/business-50066623


Quote:
Camera chain Jessops plans to call in administrators as its owner, Dragons Den star Peter Jones, tries to salvage the struggling High Street brand.

Mr Jones bought the chain from administrators in 2013 after it collapsed under £81m of debt.

But since then, the firm, which has 46 shops, has not made a single profit and losses have mounted in recent years.
Cameras have, for some time now, been relegated to the bottom shelf due to the leaps forward in mobile phone camera resolutions.
Pictures can be processed and printed at home, or at supermarkets (Asda eg) by users with the basic programs to do so.
I have a decent camera sitting in a drawer that I haven't used for about 3 years . . anyone similar?
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Old 16-10-2019, 17:41   #240
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Re: House of Fraser in trouble...

I bought a DSLR which I bought from Jessops in 2013 just after they reopened. I do use it often and have a few lenses for it. However due to various personal issues I have decided to sell it all as I need the cash. It's a shame that they are struggling again.
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