Changes on the High Street

[1andrew1]

Originally Posted by denphone

Ouch!! Andrew as there will be many more who go by the wayside sadly in the coming months as the full economic consequences of the Coronavirus lockdown starts to play out.

At the moment, it's those that were on the brink before the crisis like Laura Ashley and Carluccio's that are failing but who knows where it will all end. (: Apparently, the good news is that sales of tops are doing ok as people need those for conferencing calls.

[nomadking]

Originally Posted by denphone

Ouch!! Andrew as there will be many more who go by the wayside sadly in the coming months as the full economic consequences of the Coronavirus lockdown starts to play out.

Before the outbreak it was hit by the crunch in the casual dining sector and recently urged the state to step in.

[denphone]

Probably the first of many sadly in the coming months.

https://news.sky.com/story/coronavir...-jobs-11973108

More than 2,000 retail sector jobs are to be put at risk as Oasis and Warehouse, two of the high street's best-known names, prepare to crash into administration.

[mrmistoffelees]

Originally Posted by denphone

Probably the first of many sadly in the coming months.

https://news.sky.com/story/coronavir...-jobs-11973108

Another shame.

Hopefully though a recovery for the high street will see it change it's modus operandi. IMHO we should as part of our recovery be looking to move towards a more modern continental experience.

Supermarkets are doing ok still, our local Morrisons is advertising for drivers and pickers to boost the online shopping.

[Hom3r]

Originally Posted by Paul

Supermarkets are doing ok still, our local Morrisons is advertising for drivers and pickers to boost the online shopping.

Unfortunately all these workers jobs at supermarkets are temporary, a lot will not be there once we get over this nightmare.

[denphone]

Originally Posted by Paul

Supermarkets are doing ok still, our local Morrisons is advertising for drivers and pickers to boost the online shopping.

Supermarkets are doing very well as you say with sales last month up to the 22nd up by over 20% but the negative impacts will be felt in other sectors much more although some sectors will recover quite quickly and others sectors will take far longer to recover.

---------- Post added at 15:29 ---------- Previous post was at 15:25 ----------

Originally Posted by Hom3r

Unfortunately all these workers jobs at supermarkets are temporary, a lot will not be there once we get over this nightmare.

l suespect their online staffing capacities which they have increased quite a bit because of the Coronavirus crisis might be there to stay though.

[gba93]

Plea to Mods ..... could we change the name of this thread as it has had nothing to do with House of Fraser for months - like the change of name to the Coming Soon thread could we change this one to Changes on the High Street or something similar.
Thanks

Thread title changed to be more general/meaningful.

[heero_yuy]

Quote from Sky News:

More than 2,000 retail sector jobs are to be put at risk as Oasis and Warehouse, two of the high street's best-known names, prepare to crash into administration.

Sky News has learnt that the women's fashion chains are on the brink of appointing Deloitte, the accountancy firm, to handle an insolvency process.

Sources said that an announcement was likely either later on Tuesday or Wednesday.

The move will come three weeks after The Oasis and Warehouse Group, which is owned by the failed Icelandic lender Kaupthing, began discussions with prospective buyers following an approach from an unnamed company.

Although there is understood to have been strong interest in a deal, the uncertainty caused by the coronavirus pandemic is thought to have made a solvent sale impossible to conclude.

Talks are expected to continue with potential bidders after Deloitte's appointment is confirmed.

Full details on link.

For many businesses on the high street the lockdown is likely to be the last straw. This time it will include the coffee shops, nail bars and hairdressers which were taking over empty premises.

[tweetiepooh]

Part of the issue are the high rents and rates. If landlords don't give rent holidays they could find themselves with lots of empty units still returning no income.

Hairdressers and barbers are going to be really busy once restrictions end and if numbers have reduced those left are going to make a mint.

It's the non-chain restaurants and such that may not survive but maybe they could do what my sister is doing and supply delivery meals at a set price, she is now running out of containers which may curtail things and not every outlet can do 2 courses for £5 but it keeps her running and she can keep some staff employed.

One issue is going to be supply though afterwards. If source countries and transport are still reduced can we get the stuff in to sell/manufacture?

[denphone]

Originally Posted by heero_yuy

Full details on link.

For many businesses on the high street the lockdown is likely to be the last straw. This time it will include the coffee shops, nail bars and hairdressers which were taking over empty premises.

For quite a few it will tip their businesses over the edge as there are many businesses who will only have enough finance to see them through the next 6 to 8 weeks and unless there is money coming in l fear the consequences for these smaller sized businesses.

[OLD BOY]

Originally Posted by denphone

For quite a few it will tip their businesses over the edge as there are many businesses who will only have enough finance to see them through the next 6 to 8 weeks and unless there is money coming in l fear the consequences for these smaller sized businesses.

Agreed. The restrictions need to be eased after the second three-week review. Schools will have to re-open, and so will shops and other businesses, who should be told to introduce social distancing policies as far as possible. Additionally, people need to get out for leisure purposes as frequently as they wish, but gatherings should continue to be prohibited for the time being.

Sadly, I can't see pubs, clubs and restaurants being allowed to open at the second review. That could see a few go under.

[jfman]

Originally Posted by OLD BOY

Agreed. The restrictions need to be eased after the second three-week review. Schools will have to re-open, and so will shops and other businesses, who should be told to introduce social distancing policies as far as possible. Additionally, people need to get out for leisure purposes as frequently as they wish, but gatherings should continue to be prohibited for the time being.

Sadly, I can't see pubs, clubs and restaurants being allowed to open at the second review. That could see a few go under.

Nonsense. We need more Government support for small businesses to get coronavirus right, get it wrong and we just get more lockdowns and greater economic impact for longer.

Have you been in a school classroom lately? No way to impose social distancing or ensuring adequate hygiene with a shared bathroom facilities. Let alone hundreds of kids pushing through corridors every hour or so to their next lesson in high schools.

Schools aren’t going back til September. The sooner the Coronavirus deniers accept that lockdown is here to stay and stop dangling pseudoscience around as a justification the better.

Businesses going under presents an opportunity though - oversupply of retail space should see the price fall, and business rates will reduce to encourage this. Time to make the Amazons of this world pay their fair share in taxes and get a better balance.

Schools are already going back in Denmark.