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 01-03-2018, 14:17   #61
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...

Another company in trouble?

https://www.theguardian.com/business...ending-squeeze
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Advertisement
Old 01-03-2018, 21:08   #62
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
Yes, retail is facing many challenges, with consumer expenditure being squeezed following the devaluation of the pound resulting in increased purchase prices plus increases in rates, minimum wages and fuel. Online is a key challenge. The slow down in the housing market is a real issue for companies like Homebase and Carpetright.

The weaker players are the ones that are being wiped but as we're seeing with restaurant chains like Jamie's, Prezzo, and Byron all shedding outlets, there's a real squeeze across the board occurring, not just old-fashioned stores that face online competition, it's people trading down from nights out to nights in.
1andrew1 is offline   Reply With Quote
Old 01-03-2018, 22:15   #63
RichardCoulter
cf.mega poster
 
Join Date: Jan 2008
Posts: 9,996
RichardCoulter has disabled reputation
Re: House of Fraser in trouble...

Debenhams in trouble too.
RichardCoulter is offline   Reply With Quote
Old 02-03-2018, 05:14   #64
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 RichardCoulter View Post
Debenhams in trouble too.
Department stores are dying out sadly.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 04-03-2018, 00:45   #65
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...

Seems to be the case that 6,000 have lost their jobs in the two months of 2018 compared to 12,000 in all of 2017, 26,000 in all of 2016 and 7,000 in all of 2015.
So, yes, 2018 is shaping up to be a bad year for retail but there have been worse years in the past.
Big list here for those interested http://www.retailresearch.org/whosegonebust.php
1andrew1 is offline   Reply With Quote
Old 04-03-2018, 06:15   #66
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 the list still has a fair way to go yet Andrew according to retail experts as there are quite a few big retail chains who are pretty deeply entrenched in the brown sauce.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 04-03-2018, 12:37   #67
Carth
cf.mega poster
 
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
Carth has a bronze arrayCarth has a bronze arrayCarth has a bronze array
Carth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze array
Re: House of Fraser in trouble...

A massive and alarming list indeed . . and not finished yet.

Regarding clothing (fashion) I think the impact of 'value' shops like Primark have had a massive influence. The large supermarket chains also do an increasing range of clothing - not top quality stuff, but who cares when you can buy a suit for £50 and throw it away after a few months.
Casual wear, shoes, jeans, tops etc are now cheap as chips (which is a silly saying considering the price of a bag of sliced fried potato), and it's the price general consumers are looking at instead of quality.

With electronics, anything you buy today is probably superseded by a 'fantastic upgraded bells & whistles must have' version by next week, buy it online now for £££££ cheaper than instore

Personally I think we import far too much dross from abroad, in all areas not just clothing, but while people are willing to buy it nothing will change.
Carth is offline   Reply With Quote
Old 04-03-2018, 12:41   #68
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 Carth View Post
A massive and alarming list indeed . . and not finished yet.

Regarding clothing (fashion) I think the impact of 'value' shops like Primark have had a massive influence. The large supermarket chains also do an increasing range of clothing - not top quality stuff, but who cares when you can buy a suit for £50 and throw it away after a few months.
Casual wear, shoes, jeans, tops etc are now cheap as chips (which is a silly saying considering the price of a bag of sliced fried potato), and it's the price general consumers are looking at instead of quality.

With electronics, anything you buy today is probably superseded by a 'fantastic upgraded bells & whistles must have' version by next week, buy it online now for £££££ cheaper than instore

Personally I think we import far too much dross from abroad, in all areas not just clothing, but while people are willing to buy it nothing will change.
This country used to be a true world manufacturing great a long long time ago but sadly l don't think those days will ever return Carth.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 04-03-2018, 13:24   #69
Carth
cf.mega poster
 
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
Carth has a bronze arrayCarth has a bronze arrayCarth has a bronze array
Carth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze arrayCarth has a bronze array
Re: House of Fraser in trouble...

Yep, we're past our sell by date indeed

oh, and I've just returned from a trip to the retail park - where I went round in circles in the queue for 5 minutes trying to get parked - then decided not to bother after all.

Yesterday I accompanied the wife into town, something I rarely do (I must be ill) and although it was free parking we had a choice of about 200 free parking bays.

My observation was that there is nothing left on the high street to tempt shoppers in any volume, and if retailers want to survive they need to move to where the footfall is. However, this in turn leads to a revenue loss for the landlords and local council . . and a financial loss to the council won't bode well for the supply (and cost) of services they provide.

It's a game eh, and we're all just playing it the best way we can
Carth is offline   Reply With Quote
Old 04-03-2018, 15:35   #70
Chris
Trollsplatter
Cable Forum Team
 
Chris's Avatar
 
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 36,870
Chris has a golden auraChris has a golden auraChris has a golden auraChris has a golden aura
Chris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden auraChris has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
This country used to be a true world manufacturing great a long long time ago but sadly l don't think those days will ever return Carth.
Those days only disappeared for a short while, in the 1970s. Don’t believe the hype; the UK’s manufacturing output may be relatively smaller than other sectors of the economy now than 50 years ago but that’s for a variety of reasons, most of them quite positive. Go have a quick read of this:

https://www.themanufacturer.com/uk-m...ng-statistics/

The UK is one of the top 10 manufacturing economies of the world. I think that still fits the definition of ‘a true world manufacturing great’.
Chris is offline   Reply With Quote
Old 06-03-2018, 22:40   #71
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 Chris View Post
Those days only disappeared for a short while, in the 1970s. Don’t believe the hype; the UK’s manufacturing output may be relatively smaller than other sectors of the economy now than 50 years ago but that’s for a variety of reasons, most of them quite positive. Go have a quick read of this:

https://www.themanufacturer.com/uk-m...ng-statistics/

The UK is one of the top 10 manufacturing economies of the world. I think that still fits the definition of ‘a true world manufacturing great’.
Great link - the UK is still a great manufacturing country, but because a lot of it is business to business, consumers don't see it. They just see the clothes made in Bangladesh and the phone made in China. Not the lorries made in Lancashire or the steel from South Wales.

Meanwhile, back to House of Fraser with the news that its main shareholder has sold its controlling stake to a tourism development company named Wuji Wenhua. http://www.independent.co.uk/news/bu...-a8241931.html

And at Debenhams, it's now renting out space to hot deskers! https://www.theguardian.com/business...to-hot-deskers

Last edited by 1andrew1; 06-03-2018 at 23:22.
1andrew1 is offline   Reply With Quote
Old 08-03-2018, 14:23   #72
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 cityam.com:


New Look has announced it is aiming to cut 980 jobs as part of plans to close stores and reduce its rent burden.

The retailer is proposing a Company Voluntary Agreement (CVA) to creditors, which would allow it to bring down its rents and revise the terms on leases agreed with landlords.

If creditors agree to the proposal, New Look will close 60 of its 593 stores, and an additional six sites which are sub-let. The chain will also cut its rent on a further 393 stores.

Creditors will vote on the proposal on 21 March. New Look said all of its stores will remain open while it consults with landlords and other parties.
Full story on link above.

Affected stores list
__________________
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 08-03-2018, 14:47   #73
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
Full story on link above.

Affected stores list
Sadly it was inevitable given the current retail environment.
__________________
“The only lesson you can learn from history is that it repeats itself”
denphone is offline   Reply With Quote
Old 14-03-2018, 08:28   #74
TheDaddy
cf.mega pornstar
 
TheDaddy's Avatar
 
Join Date: Jan 2006
Posts: 18,782
TheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden aura
TheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden auraTheDaddy has a golden aura
Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
Sadly it was inevitable given the current retail environment.
It's not inevitable imo, I went in the Swatch shop in Brussels the other day and the level of service was incredible, I sat there watching for a while and noticed that whilst the shop was packed no one bought anything, the other half wanted to buy one but when she looked on line they were half the price but then if it weren't for the store how many people would have remembered them let alone found them online, when you compare that with most shops with their sullen, unhelpful staff it's no wonder they're struggling, to survive you've got to offer something different, toys r us went under but the entertainer is thriving due to its innovative approach and it's ability to evolve. One of the things that grates me in shops is when they've got one person on the till with a queue and three others stacking shelves, makes me want to walk out empty handed tbh
__________________
Sports Babble
TheDaddy is offline   Reply With Quote
Old 19-03-2018, 12:36   #75
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...

More high street misery:

Quote:
Quote from The Sun:


The company behind popular high street off-licence chains Bargain Booze and Wine Rack is reportedly scrambling to avert collapse.

Drinks giant Conviviality is now said to be putting together a new business plan that will form the basis for emergency fundraising.

The company ran into trouble last week, following a string of calamitous financial mishaps that led to its shares being suspended.

Without an injection of new cash the company, which has 700 stores and employs 2,600 people, could go under.

Conviviality is preparing to tap its shareholders for as much as £150m to help it meet an outstanding tax bill and provide much-needed funds to keep its shelves stocked with goods.

Management is confident investors will come to the rescue however the failure to source further financing quickly would almost certainly force it into administration.
Must be tough when you can't make money out of booze.
__________________
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
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 09:49.


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