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-   -   Which high street retailer will be the next to go down the toilet? (https://www.cpfc.org/forums/showthread.php?t=178883)

Beckenham Boy 22-12-2008 05:14 PM

Quote:

Originally Posted by Ben H
Whittards of Chelsea (the tea people) are about to go into admin.

That's been brewing for a while

bigee 22-12-2008 07:37 PM

Quote:

Originally Posted by Ben H
Whittards of Chelsea (the tea people) are about to go into admin.

Storm in a tea cup..............

Selhurst300 22-12-2008 08:51 PM

Quote:

Originally Posted by Ben H
Whittards of Chelsea (the tea people) are about to go into admin.

It's in the bag

Adlerhorst 22-12-2008 09:03 PM

Been coming for oolong time

Beckenham Boy 23-12-2008 08:43 AM

They were Tea-tering on the brink for some time

Shipp Ahoy! 23-12-2008 08:51 AM

Not sure if its been mentioned but I heard the other day Zavvi will start shutting down stores after Christmas with the last shops disappearing by May/June.

Ben H 23-12-2008 07:38 PM

http://news.bbc.co.uk/1/hi/business/7796751.stm

Admin then sold via pre-pack. Unsecureds will get little back but I suppose they live to fight another day (however brief that may be).

Palace Kebab 23-12-2008 07:49 PM

Were Whittards actually trading particularly poorly or is this purely an ownership issue to do with Baugur money being tied up in Icelandic banks?

howard 23-12-2008 07:53 PM

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?

The Clowns shop in Bexleyheath:lux:

OscillateWildly 23-12-2008 07:57 PM

Quote:

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


The manager of HMV told me they were a gonna- not selling gift cards anymore.

(Oooh, I feel like Robert Peston.)

jookbeard 23-12-2008 07:58 PM

always wonder how bookshops fare in these worrying times, Waterstones for example?

Mong! 23-12-2008 08:09 PM

Next to go down the toilet? Moben Dolphin Bathrooms? I'll get my coat...

The Tombinator 23-12-2008 08:20 PM

While you're all on here having fun speculating on the next retailer to go bust, spare a thought for the hundreds of thousands of people who work within the retail trade :(

Oh, and by the way, many of the guesses on here are miles wide of the mark!

Ben H 23-12-2008 08:22 PM

Quote:

Originally Posted by Palace Kebab
Were Whittards actually trading particularly poorly or is this purely an ownership issue to do with Baugur money being tied up in Icelandic banks?

Not much to do with Baugur except they may have been inclined to fund the losses for longer than they did had the banking crisis not happened. The business was trading poorly and carried too much debt which essentially caused their downfall.

Ben H 23-12-2008 08:23 PM

Quote:

Originally Posted by Mong!
Next to go down the toilet? Moben Dolphin Bathrooms? I'll get my coat...

You're too late - they went bust ages ago.

kettle 23-12-2008 08:34 PM

thinking away from the names mentioned here - what about - Tchibo (certainly in the UK), and maybe Officers Club? Do odd clothes and all sorts.
Or maybe even Micro Anvika - whenever I see a shop, there is never anyone in it.

Del Fenner 23-12-2008 08:35 PM

Quote:

Originally Posted by Ben H
Whittards of Chelsea (the tea people) are about to go into admin.

I saw it in the leaves. ;)

Ben H 24-12-2008 08:35 AM

Quote:

Originally Posted by kettle
...and maybe Officers Club? Do odd clothes and all sorts.
.

http://news.bbc.co.uk/1/hi/business/7798565.stm

Gone...but again pre-packed and rather dubiously sold back to the same management. What an easy way to walk away from your debts.:( Shitty little business anyway, must be about the 3rd time it's gone into admin then been bought out again.

kettle 24-12-2008 08:40 AM

first time I have managed to guess semi right at anything! Others that may go down the toilet? I guess any retailer that doesnt have a good online presence / ability to buy online, would be high on my list.

Ben H 24-12-2008 08:47 AM

Quote:

Originally Posted by kettle
first time I have managed to guess semi right at anything! Others that may go down the toilet? I guess any retailer that doesnt have a good online presence / ability to buy online, would be high on my list.

- anything with excessive borrowings
- retailers of big ticket items such as furniture, white goods and electrical goods
- mid market fashion retailers


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