CPFC BBS

CPFC BBS (https://www.cpfc.org/forums/index.php)
-   General Chit Chat (https://www.cpfc.org/forums/forumdisplay.php?f=18)
-   -   Which high street retailer will be the next to go down the toilet? (https://www.cpfc.org/forums/showthread.php?t=178883)

Psychokiller 18-12-2008 09:28 AM

Which high street retailer will be the next to go down the toilet?
 
My money's on either WHSmith or BHS, mainly because both have dated formats and sell a load of crap. I think Robert Dyas could also follow soon. Whereas shops like Poundland are likely to thrive.

Who do you think is likely to follow Woolies?

paf 18-12-2008 09:30 AM

Zavvi

Psychokiller 18-12-2008 09:30 AM

Oh yeah, forgot about them, they're as good as flushed ain't they?

MicksSis 18-12-2008 09:33 AM

What company do you think will go into all the closed Woolies stores? I'm thinking maybe Wilkinson's.

Il Padrino 18-12-2008 09:37 AM

Quote:

Originally Posted by MicksSis
What company do you think will go into all the closed Woolies stores? I'm thinking maybe Wilkinson's.

Poundland are buying a load arnt they?

Psychokiller 18-12-2008 09:38 AM

I reckon many Woolies will end up as Tesco Metro, Sainsburys Local etc.

Mat ov CPFC 18-12-2008 09:41 AM

W H Smiths have been in trouble for a long time and I heard them described as being a pension fund with shops. Not sure if they will fail because they have some cracking real estate although I am not sure if they have done what Woolworths did and sold off a lot of it and just retained the leases.

My money is on one of the clothing chains. Have a friend in the rag trade on the cloth supplying side of things and she says that there are a lot of shops just looking to get through to Christmas and then go under.

And with the next quarters commerical rents due on December 24th, it could be the crunch time.

Away Day Eagle 18-12-2008 09:41 AM

Quote:

Originally Posted by Psychokiller
I reckon many Woolies will end up as Tesco Metro, Sainsburys Local etc.

Didn't Tesco's purchase quite a few of them a couple of months back in areas where they don't have a presence ?.

Suspect they'll be in Central Croydon in the new year

Al From Bromley 18-12-2008 09:51 AM

Curry's?

stevek 18-12-2008 09:52 AM

Quote:

Originally Posted by Il Padrino
Poundland are buying a load arnt they?

Which, given the origins of Woolworths, is ironic really.

ginger eagle 18-12-2008 09:54 AM

Zavvi for me will be the next casualty

eaglejez 18-12-2008 09:54 AM

Curry's will be gone at some point next year

Dave 18-12-2008 09:55 AM

Dixons, or whatever they are called now, are in a terrible state

macstar 18-12-2008 09:57 AM

like ive said, i hate whsmith these days, and i hope they go bust. Zavvi surely are close...

adrenalin john 18-12-2008 10:06 AM

WH Smiths fortunes are overly reliant on the magazine trade and like woolies have too confused an identity. The internet is definite threat to their magazines and book sales. Cd's are over and DVD sales must be falling. If you need stationary doo you go to Rymans, office depot or Smith's ......

Look at how Borders treat their customers and suppliers.....

WH Smith travel division (airports and railway stations) is though highly profitable.

For me the next one to go has to be mothercare - always empty.

GreatGonzo 18-12-2008 10:10 AM

DSGi (Dixons) probably won't go as such because they have Currys or Comet as well as PC World don't they? Therefore i can see them just re-evaluating the business and moving everythinig under 1 brand and where they currently have 3 stores putting everything under 1 roof.

Zavvi might survive if it can sort out a new supplier but struggling through the Xmas period could spell the end for them.

Think a lot of mid level shops will go, the upper end, John Lewis, Debenhams etc will survive and the budget shops, Poundland and Primark but those caught in the middle might suffer.

Vendy 18-12-2008 10:21 AM

Are Jessops still around? If not JJB Sports, already closed Valley Park.

Long shot bet would be boots

ginger eagle 18-12-2008 10:24 AM

my dream would be to see Burberry go down the bog!

deftones_eagle 18-12-2008 10:26 AM

WH Smith, went to the West Wickham one recently, shocking, no staff and nothing on the shelves.

west country boy 18-12-2008 10:28 AM

Quote:

Originally Posted by Psychokiller
I think Robert Dyas could also follow soon.

I hope not.

kolinkins 18-12-2008 10:28 AM

Currys/Dixons.digital or whatever they are called now.

And WH Smith.

Neither have reacted to the net.

Oisin 18-12-2008 10:34 AM

Clinton's Cards and the like must be suffering from competition from supermarkets

paf 18-12-2008 10:35 AM

Quote:

Originally Posted by kolinkins
Currys/Dixons.digital or whatever they are called now.

And WH Smith.

Neither have reacted to the net.

currys/dixons/pc world have reacted to the net, far more competitive nowadays and also good price matching (+10% of the difference)

selhurstparkflyer 18-12-2008 10:40 AM

Harrods would be my choice. And Polo would be my choice of clothing.

kolinkins 18-12-2008 10:50 AM

Quote:

Originally Posted by paf
currys/dixons/pc world have reacted to the net, far more competitive nowadays and also good price matching (+10% of the difference)

PC World perhaps - but you go into a Curry's store and the prices are still way too high. I bought my mum a microwave from Amazon for 150, which was 220 in currys.

MicksSis 18-12-2008 11:01 AM

Quote:

Originally Posted by kolinkins
PC World perhaps - but you go into a Curry's store and the prices are still way too high. I bought my mum a microwave from Amazon for 150, which was 220 in currys.

I recently bought all new appliances for my kitchen - got them all off the internet. Saved at least 400.

Il Padrino 18-12-2008 11:07 AM

WH Smiths makes (or did used to make) a lot of its money through newspaper and magazine distribution to other shops

RickyB 18-12-2008 11:09 AM

Zavvi are screwed. Virgin got out at the right time and sold the company on for a quid.

No fulfillment on the website either at the moment due to EUK going down with Woolies.

DSG in a pickle too but I think that they'll pull through - xmas and all that.

BHS - Phillip Green, Surely not?

M&S seem to be ticking along ok.

Gotta be Zavvi for me.

paf 18-12-2008 11:17 AM

Quote:

Originally Posted by kolinkins
PC World perhaps - but you go into a Curry's store and the prices are still way too high. I bought my mum a microwave from Amazon for 150, which was 220 in currys.

Currys will price match on various retailers, not amazon though.

kitticat 18-12-2008 11:20 AM

Quote:

Originally Posted by Il Padrino
Poundland are buying a load arnt they?

hmmmm I can really see them going for a poundland where I live :D

selhurstparkflyer 18-12-2008 11:21 AM

Ann Summers. I am now single.

kolinkins 18-12-2008 11:22 AM

Quote:

Originally Posted by paf
Currys will price match on various retailers, not amazon though.

Is there a reason for that? Will they match online prices in-store?

kitticat 18-12-2008 11:23 AM

Quote:

Originally Posted by selhurstparkflyer
Ann Summers. I am now single.

I think that ones safe, I live about half a mile from their head office :)

Kevan Woz Awful 18-12-2008 11:23 AM

As a decent outsider how about ToysRUs. Rumour has it they are being heavily subsidised by the American parent company right now.

Chief Brody 18-12-2008 11:33 AM

Quote:

Originally Posted by RickyB
Zavvi are screwed. Virgin got out at the right time and sold the company on for a quid.

I thought Mr Branson was providing some finance for them. At least he was until recently, to help them through their troubles.

kitticat 18-12-2008 11:38 AM

Are HMV still doing ok? I stopped shopping there when when they stopped selling vinyl :(

Dave 18-12-2008 11:41 AM

http://forums.cpfc.org/showthread.ph...ht=high+street

paf 18-12-2008 11:42 AM

Quote:

Originally Posted by kolinkins
Is there a reason for that? Will they match online prices in-store?

yes.

Adlerhorst 18-12-2008 11:45 AM

Zavvi (as has been mentioned already)

kolinkins 18-12-2008 11:45 AM

Quote:

Originally Posted by paf
yes.

But why not Amazon?

Scroatey 18-12-2008 11:47 AM

I can't bothered to quote individual responses but from info I've had recently:

Currys Digital and associated group are international and sales on the continent aren't dropping in the same way as here. Pretty safe.

Zavvi have sourced stocks for stores and should ride out the Christmas period alright, they've diversified away from music and I think over 50% of their income is generated from gaming related sales now. Once Woolworths is properly gone they could even increase their market share. Hopefully safe - an HMV high street monopoly wouldn't be good.

I look forward to being quoted in the New Year when both these businesses go tits up :D

paf 18-12-2008 11:48 AM

Quote:

Originally Posted by kolinkins
But why not Amazon?

I dont know, perhaps it's that Amazon often quote third party sellers, so it could cause confusion. If an individual had an unwated gift they sold as new, way below cost, you could end up with some idiot in store trying to price match.

macstar 18-12-2008 11:49 AM

Quote:

Originally Posted by adrenalin john

WH Smith travel division (airports and railway stations) is though highly profitable.

...because of pricefixing!.. they have contracts with network rail saying that no-one else on the station can sell mineral water, other soft drinks, snacks and stationary and books less then them../.

wa'kers.

kolinkins 18-12-2008 11:51 AM

Isnt that illegal?

Adlerhorst 18-12-2008 11:52 AM

Quote:

Originally Posted by kolinkins
Isnt that illegal?

Almost certainly not.

kolinkins 18-12-2008 11:55 AM

Didnt the supermarkets get done for dairy price-fixing?

stevek 18-12-2008 12:15 PM

Quote:

Originally Posted by RickyB
BHS - Phillip Green, Surely not?

Allders?

I went to an evening with kind of thing with Stuart Rose recently - he thought M&S would, like everyone, suffer in the downturn but was very optimistic about their overall position.

Psychokiller 18-12-2008 12:18 PM

Quote:

Originally Posted by stevek
Allders?

I went to an evening with kind of thing with Stuart Rose recently - he thought M&S would, like everyone, suffer in the downturn but was very optimistic about their overall position.

Allders went tits up in 2004 and I think it's now owned by Jaegar. Croydon is the only one left.

stevek 18-12-2008 12:21 PM

Quote:

Originally Posted by Psychokiller
Allders went tits up in 2004 (a bonus being that they took the wanker I was working for at the time for about 30k) and I think it's now owned by Jaegar. Croydon is the only one left.

Yes, I know that about Allders (one of my best friends was made redundant when they went bust) - I was simply using them to show that an association with Philip Green doesn't guarantee a retailer's survival.

kitticat 18-12-2008 12:21 PM

Quote:

Originally Posted by Psychokiller
Allders went tits up in 2004 (a bonus being that they took the wanker I was working for at the time for about 30k) and I think it's now owned by Jaegar. Croydon is the only one left.


When the Sutton one went everyone went mad, I got some fantastic clothes in there, I still like shopping around the Croydon one, though they never have sorted the heating problem out in there.

Adlerhorst 18-12-2008 12:22 PM

Quote:

Originally Posted by kolinkins
Didnt the supermarkets get done for dairy price-fixing?

No idea, but i suspect this is more of an exclusivity contract type thing.

kolinkins 18-12-2008 12:24 PM

I understand the exclusivity - I do not understand why shops selling the same stuff cannot sell at whatever price they want?

Santos-er 18-12-2008 12:31 PM

I would imagine any retailer who relies on the far east for stock is going to have a bad year.

Jessops are being bankrolled by Canon and Sony. If that stops, they'll be toast.

hilairehair 18-12-2008 12:50 PM

I would have thought Pinnacle going bust will mean huge problems for one of the music high street shops - Zavvi would be the favourite.

jookbeard 18-12-2008 01:16 PM

Whatever happened to Freeman Hardy Willis
John Menzies
Barrett's
Mr Byrite? BHS under Greens leadership have been in a healthy state for some time now

Il Padrino 18-12-2008 01:17 PM

Toymaster

jookbeard 18-12-2008 01:20 PM

Quote:

Originally Posted by macstar
...because of pricefixing!.. they have contracts with network rail saying that no-one else on the station can sell mineral water, other soft drinks, snacks and stationary and books less then them../.

wa'kers.

never knew that

macstar 18-12-2008 01:28 PM

john menzies merged with whsmith, thus whs getting loads of train station sites.

Adlerhorst 18-12-2008 01:33 PM

Quote:

Originally Posted by kolinkins
I understand the exclusivity - I do not understand why shops selling the same stuff cannot sell at whatever price they want?

From what point of view don't you understand it. Legally or economically.

kolinkins 18-12-2008 01:35 PM

Quote:

Originally Posted by Adlerhorst
From what point of view don't you understand it. Legally or economically.

Morally

Golf Boy 18-12-2008 01:40 PM

Quote:

Originally Posted by kolinkins
Morally

fags seem to cost the same whereever you go -- there must be some kind of fixing going on there.

palacelad1970 18-12-2008 01:45 PM

Gotta be w h smiths

old git 18-12-2008 02:04 PM

Not really high street but DHS must be a contender.
Maybe they should have a sale?

Sussex Eagle 18-12-2008 02:13 PM

Quote:

Originally Posted by Golf Boy
fags seem to cost the same whereever you go -- there must be some kind of fixing going on there.

I would assume you're not legally allowed to reduce tobacco products, so everyone sells at RRP or a bit above - my local corner shop is a few pence cheaper for all the baccy than the supermarkets, but those are still RRPs.

jookbeard 18-12-2008 02:14 PM

The Coop , terrible places

palacelad1970 18-12-2008 02:22 PM

Did smiths use to sell tobacco ?

GreatGonzo 18-12-2008 02:50 PM

Price fixing - try to buy an iPod for a different price - apparently Apple say they will not supply anyone they find selling the products cheaper than the RRP.

Sussex Eagle 18-12-2008 02:53 PM

Quote:

Originally Posted by jookbeard
The Coop , terrible places

Yer. I pray for a euro-discounter to take over our one.

Palace Kebab 19-12-2008 12:12 PM

As others have said Jessops are in trouble, DSG are a mess but unlikely to go under due to their successful international operations.

Boots are privately owned, cash rich and making a killing from drugs so are in no danger at all.

Not sure on the latest on the Baugur crisis. The Icelandic parent company has significant shares in a swathe of UK high street brands including Iceland, House of Fraser, Hamleys, Goldsmiths, Oasis, Karen Millen, Principles, Warehouse etc. The crash of the Icelandic banks has left them in all sorts of trouble. The likes of Philip Green are looking to pick off the most attractive brands in the portfolio. The future of the weaker performing chains is at best uncertain.

http://www.guardian.co.uk/business/2...r-philip-green

kolinkins 19-12-2008 12:13 PM

I do hope Burger King is not in danger. Ever.

orp pisshead1 19-12-2008 12:15 PM

Quote:

Originally Posted by kolinkins
I do hope Burger King is not in danger. Ever.

I thought you wanted to lose weight:D , agree though ten times better than mac d.

richdeniro 19-12-2008 12:17 PM

I heard Debenhams are in trouble?

kolinkins 19-12-2008 12:20 PM

Quote:

Originally Posted by orp pisshead1
I thought you wanted to lose weight:D , agree though ten times better than mac d.

I am getting there slowy. Without noticing, I am back down from a 38" being c"comfortable" to "loose". Time for a double whopper with cheese at lunch I feel. No point stopping enjoying life for the sake of a few lbs....

Palace Kebab 19-12-2008 12:26 PM

Quote:

Originally Posted by richdeniro
I heard Debenhams are in trouble?

Another one impacted by the Baugur crisis. They have a 13% share in Debenhams which they need to unwind. the share price is alread down 60% YoY

FrankieBoy 19-12-2008 12:33 PM

Quote:

Originally Posted by Palace Kebab
Another one impacted by the Baugur crisis. They have a 13% share in Debenhams which they need to unwind. the share price is alread down 60% YoY

And that will be the last of Bromley's decent stores closed to be replaced by Chav centres. Army and Navy and Allders gone, replaced by TK Maxx and Primark. What price Debenhams would be replaced by Matalan ?

Chillo 19-12-2008 12:40 PM

How about Next?

Dave, who runs the discount business in Epsom market is always getting Next gear he has to shift.

Vendy 19-12-2008 12:50 PM

[QUOTE=Palace Kebab]Boots are privately owned, cash rich and making a killing from drugs so are in no danger at all.[QUOTE]

Not sure if they are but they have 9 billion worth of debt that has been attempted to be moved @ 90% of its face value

"Regulators have expressed concern over the scale of leverage in many recent deals, fearing that they will leave companies highly vulnerable once the credit cycle turns."

It depends on the retailers debt, and when its due for renewal and with whom. It could get messy for quite a few who have heavy borrowing with fragile lenders. The retailer that has a solid asset base but heavy borrowing and the debt called in where are they goinfg to go to get funds.

DSG are making some nice moves not sure its enough though.

Scoot 19-12-2008 12:51 PM

Quote:

Originally Posted by Chillo
How about Next?

It can never get closer than the last time for them

dreamer27 19-12-2008 05:05 PM

Gotta be one of the travel agents, is there anybody that stil uses them these days? If i can book flights, hotels and even a wedding from the comfort of my laptop then they can't be any reason to give some blonde bint commission for booking your trip abroad.

There's plenty of other shops i'd love to see the back of:

BHS: seller of 100% genuine tat, most of it nylon. If it wasn't for their cafe's and the block of 500,000 oap's purchasing toasted tea cakes in there everyday they'd have bitten the dust long ago.

Zavvi: Went in one of these yesterday and the staff looked even more bored than usual and weren't exactly rushed off their feet. Had posters up for discounts on box sets that read something like was 39.99 Now 39.76. Disgracefull and they deserve to croak it.

Thorntons, once upon a time they sold beautifull fudge and toffee that you'd see being broken in front of you. Now it's just mass produced over-priced sh*te with icing on it.

Past Times: What the f*ck are they all about?

Lush: Smells like your old grannies pants and probably just as bad for you.

Jim Cannon 19-12-2008 11:55 PM

Allders

Beatleboy 19-12-2008 11:56 PM

Zavvi's was mentioned to me today, which backs up what others have said on here.

Asagaya_Eagle 20-12-2008 12:28 AM

Bloody hell - MFI just gone belly up

Lizzy 20-12-2008 12:29 AM

I hope Next go under but only during their sale.

Next sale is pure unadulterated hell

Jim Cannon 20-12-2008 12:31 AM

Quote:

Originally Posted by Asagaya_Eagle
Bloody hell - MFI just gone belly up

That's at least twice they've gone bust now. Expect them to reopen again after the recession

Adlerhorst 20-12-2008 12:39 AM

They were already in administration so it cannot be seen as being that unexpected

Asagaya_Eagle 20-12-2008 12:57 AM

True enough, I just saw it on the BBC website though so thought I would post. It also says Laura Ashley are finding things 'tough' at the moment.

Lizzy 20-12-2008 12:59 AM

Quote:

Originally Posted by Asagaya_Eagle
True enough, I just saw it on the BBC website though so thought I would post. It also says Laura Ashley are finding things 'tough' at the moment.


God I am not surprised. Who the hell actually shops in Laura Ashley?

stevek 20-12-2008 09:14 AM

Quote:

Originally Posted by Lizzy
God I am not surprised. Who the hell actually shops in Laura Ashley?

People who live in the late 1980s.

Oddjob 20-12-2008 09:16 AM

Sooner or later we will be able to buy everything in Tesco, life will be so easy.

monkoid 20-12-2008 09:20 AM

I head up Menswear and childrenswear for a large high street retailer. It is very tough out there at the moment....

Last weekend to give you an idea the footfall ( number of people shopping on the high street ) was down 13% on last year. Add to that that even those out are spending less and its very worrying for retailers.

I'm sure many boardrooms like me a re praying for a huge day today and that people have just left it late this year.

Oddjob 20-12-2008 09:21 AM

Pasta Hut didn't last very long I note.

Adlerhorst 20-12-2008 09:23 AM

High street retailer going next - the open air ice cream parlour opened in Villiers Street in October. I mean WTF? The bit I love is that they genuinely look surprised when people walk past and don't go in

Asagaya_Eagle 20-12-2008 09:56 AM

Quote:

Originally Posted by Lizzy
God I am not surprised. Who the hell actually shops in Laura Ashley?

Not many people by the looks of it.

Also the Times says that Monsoon are asking for 'help' from their suppliers.

Ben H 20-12-2008 09:59 AM

Quote:

Originally Posted by Psychokiller
My money's on either WHSmith or BHS, mainly because both have dated formats and sell a load of crap. I think Robert Dyas could also follow soon. Whereas shops like Poundland are likely to thrive.

Who do you think is likely to follow Woolies?

BHS is owned by Philip Green so no chance. It does quite well too - as does Smiths.

My money would be on a furniture retailer such as Land of Leather or electrical goods related such as Curries (maybe not this Christmas but 2009 will be a big struggle for them).

Zavvi are going down the toilet.

Department stores will struggle as will their concession businesses.

west country boy 20-12-2008 10:01 AM

Quote:

Originally Posted by monkoid
I head up Menswear and childrenswear for a large high street retailer. It is very tough out there at the moment....

Last weekend to give you an idea the footfall ( number of people shopping on the high street ) was down 13% on last year. Add to that that even those out are spending less and its very worrying for retailers.

I'm sure many boardrooms like me a re praying for a huge day today and that people have just left it late this year.

I went through Oxford Street yesterday around 4:30 - it wasn't busy at all (but still a horrific experience as usual). Hope things are better for you today.

Ben H 20-12-2008 10:01 AM

Quote:

Originally Posted by Palace Kebab
Another one impacted by the Baugur crisis. They have a 13% share in Debenhams which they need to unwind. the share price is alread down 60% YoY

It's got bugger all to do with Baugur.

Ben H 20-12-2008 10:03 AM

Quote:

Originally Posted by jookbeard
Whatever happened to Freeman Hardy Willis
John Menzies
Barrett's
Mr Byrite? BHS under Greens leadership have been in a healthy state for some time now

Look at all the shoe shops that have gone recently - Dolcis, Faith, Stead and Simpson. Barratts lose a lot of money but are basically a property company with small shoe business attached. Will probably be ok.

stupalace 20-12-2008 10:04 AM

Argos

Ben H 20-12-2008 10:05 AM

Quote:

Originally Posted by stupalace
Argos

Is this just the 'name any old retailer' thread. Outside of the big supermarket chains they are probably one of the strongest businesses in the country.

stupalace 20-12-2008 10:08 AM

Quote:

Originally Posted by Ben H
Is this just the 'name any old retailer' thread. Outside of the big supermarket chains they are probably one of the strongest businesses in the country.


nope , they use to offer a price guarantee if you got it cheaper elsewhere they would refund the difference . Its just like amazon but on the high street and dearer


All times are GMT. The time now is 06:59 PM.

Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.