Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | Changes on the High Street

You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > General Discussion > Current Affairs

Changes on the High Street
Reply
 
Thread Tools
Old 26-08-2018, 10:40   #181
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by 1andrew1 View Post
And a Sports Direct mug. 😉
No that goes in the bin..
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Advertisement
Old 09-09-2018, 20:42   #182
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Debenhams calls in KPMG to assess future options.

https://www.bbc.co.uk/news/business-45463870

Quote:
Industry insiders say the firm and KPMG are looking at a number of potential options, including a company voluntary arrangement (CVA), but it is just one possible measure under consideration.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 09-09-2018, 21:41   #183
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,187
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
Debenhams calls in KPMG to assess future options.

https://www.bbc.co.uk/news/business-45463870
Hands down who doesn't anticipate a few store closures.
1andrew1 is offline   Reply With Quote
Old 09-09-2018, 21:51   #184
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by 1andrew1 View Post
Hands down who doesn't anticipate a few store closures.
The trouble is with HOF and Debenhams is many of their stores are too big for the modern age and both have been very slow to react to the huge structural retail changes that has happening in the last decade or so.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 10-09-2018, 22:50   #185
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,187
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
The trouble is with HOF and Debenhams is many of their stores are too big for the modern age and both have been very slow to react to the huge structural retail changes that has happening in the last decade or so.
Debenhams hasn't been able to alter its leases as it is has been profitable. And some leases are very long term. At the time, those who negotiated its long-term leases were applauded for getting great deals. They couldn't and didn't predict the internet.
House of Fraser could have invested more in its website earlier but has been hindered by a succession of short-term owners including a Chinese firm who promised the earth but just invested its UK profits in Chinese stores. Ironically, "lefty" staff-owned John Lewis has made the correct moves.
1andrew1 is offline   Reply With Quote
Old 10-09-2018, 23:12   #186
Hom3r
Mum 15/08/46 - 30/09/20
 
Hom3r's Avatar
 
Join Date: Mar 2004
Location: Galactic Sector ZZ9 Plural Z Alpha, www.daves-world.co.uk. A secret Moonbase (shh don't tell anybody)
Age: 55
Services: 1 V6, 2x1TB TiVo, SH3. Samsung Galaxy Note 10+ 5G, Ton's of Smart Home stuff, & Cuddy Toy
Posts: 16,864
Hom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny stars
Hom3r has a pair of shiny stars
Re: House of Fraser in trouble...

The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
__________________
STAY AT HOME: I found out that mum will never walk again as the coronavirus attacked her nervous system. She died on September 30th, wearing a mask and she still might be alive today.
Hom3r is offline   Reply With Quote
Old 10-09-2018, 23:53   #187
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,187
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
Internet is far, far above that issue probably followed by poor deals that shops signed up to. If landlords charge too much, shops will close down or relocate.
1andrew1 is offline   Reply With Quote
Old 11-09-2018, 05:56   #188
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
The biggest problem in very greedy landlords.

My local shopping centre a few years back wanted £10k a month, small businesses struggled.
Sadly in many town centres we all can all see the consequences of that.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 22-10-2018, 12:07   #189
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy in modem mode XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,966
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
Re: House of Fraser in trouble...

Quote:
Quote from City A.M.:

Debenhams is expected to announce further store closures on top of the 10 it already has planned, as it presents its full-year results on Thursday.

The beleaguered retail giant, which has issued three profit warnings and has lost two-thirds of its share price since the start of 2018, is looking to save £30m by axing dividends, sources told City A.M.
Reports from other sources suggest up to 60 stores may face the axe.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
heero_yuy is online now   Reply With Quote
Old 22-10-2018, 12:10   #190
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by heero_yuy View Post
Reports from other sources suggest up to 60 stores may face the axe.
From where l am looking the omens don't look good.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 28-12-2018, 10:23   #191
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy in modem mode XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,966
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
Re: House of Fraser in trouble...

Quote:
Quote from Sky News:


HMV, Britain's biggest high street music retailer, is on the brink of becoming the first post-Christmas victim of Britain's brutal high street environment by collapsing into administration for the second time in six years.

Sky News has learnt that HMV Retail filed a notice of intention to appoint administrators last week amid desperate last-ditch talks with suppliers.

Sources said that the chain, which trades from 130 shops and employs about 2,200 people, had been in talks in recent days with leading names in the recorded music industry to seek financial support from them.

However, those discussions are not thought to have produced sufficient assurances to underpin HMV's finances, casting doubt on the survival of a retail name due to mark its centenary in 2021.
Probably one of the more vulnerable brands to on-line and downloads.

My grandfather used to work for EMI (records) in Hayes. The original owners of the HMV brand.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada

Last edited by heero_yuy; 28-12-2018 at 10:54. Reason: Tidied up quote
heero_yuy is online now   Reply With Quote
Old 28-12-2018, 10:34   #192
denphone
Still alive and fighting
 
denphone's Avatar
 
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,296
denphone has a golden auradenphone has a golden aura
denphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden auradenphone has a golden aura
Re: House of Fraser in trouble...

Sadly no surprise Heero as once we get into January we are going to see some significant retail causalities go into administration IMO as the High Street retail bloodbath gets worse.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 28-12-2018, 10:58   #193
Stephen
Bah Humbug!!
 
Stephen's Avatar
 
Join Date: Feb 2004
Location: Glasgow
Age: 42
Services: Sky Q 2Tb, Sky Q mini, boxsets and Sports & Movies HD, Sky Fibre unlimited
Posts: 13,757
Stephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny star
Stephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny starStephen has a nice shiny star
Re: House of Fraser in trouble...

Not again.

I fear there will be no saving it this time.
__________________
AMD Ryzen 7 7700 | 32GB DDR5 6000 | RADEON 7900XT | WD 2TB NVME
Stephen is offline   Reply With Quote
Old 28-12-2018, 11:30   #194
Hom3r
Mum 15/08/46 - 30/09/20
 
Hom3r's Avatar
 
Join Date: Mar 2004
Location: Galactic Sector ZZ9 Plural Z Alpha, www.daves-world.co.uk. A secret Moonbase (shh don't tell anybody)
Age: 55
Services: 1 V6, 2x1TB TiVo, SH3. Samsung Galaxy Note 10+ 5G, Ton's of Smart Home stuff, & Cuddy Toy
Posts: 16,864
Hom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny starsHom3r has a pair of shiny stars
Hom3r has a pair of shiny stars
Re: House of Fraser in trouble...

The Wednesday before Christmas, I was at Lakeside in Thurrock, and the HoF there is closing.
__________________
STAY AT HOME: I found out that mum will never walk again as the coronavirus attacked her nervous system. She died on September 30th, wearing a mask and she still might be alive today.
Hom3r is offline   Reply With Quote
Old 28-12-2018, 11:34   #195
gba93
ofc.founder_member
 
Join Date: Mar 2005
Location: Camberley
Services: VIP 60
Posts: 894
gba93 has reached the bronze age
gba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze agegba93 has reached the bronze age
Re: House of Fraser in trouble...

Quote:
Originally Posted by Hom3r View Post
The Wednesday before Christmas, I was at Lakeside in Thurrock, and the HoF there is closing.
This has been known for some time - unfortunately negotiations with Intu Property over the lease didn't achieve a positive outcome.


https://www.bbc.co.uk/news/business-46209147
gba93 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 11:12.


Server: osmium.zmnt.uk
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.