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Home: Non Football Related: General Chat:
Who will be the next high street chain to bite the bullet?

 

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oxpete
Chelsea Transfer Target


Jan 22, 2019, 11:26 PM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #176 of 213 (4727 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


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Cafe chain Patisserie Valerie as gone stale, well into administration, The company employs around 2500 people. I have to say I haven't heard of this company.


Unfortunately they're a posh persons' tea-and-cream-cake type of cafe, rather than the egg'n'chips sort of place I frequent. Some of the cafes are stand-alone set-ups while others are housed in places like Debenhams.

Here's a quite damning piece from the BBC website...

https://www.bbc.co.uk/news/business-46965761

...explaining about the £15ml of shares they sold as a rescue plan to investors in November, shortly after their last well-publicised brush with closure when a financial black-hole was discovered along with falsified accounting. I presume that those shares are now worthless.

It appears that 70 shops will go immediately, with about 900 redundancies from a workforce of 3,000. 121 cafes will continue to trade for the time being while buyers are sought.


Ronsdog
First Team Star


Jan 23, 2019, 12:24 AM

Posts: 2665
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #177 of 213 (4703 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


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I thought this interesting...

http://www.bbc.co.uk/news/business-44411338

...an article listing the types of retail premises that suffered the most closures and the most new openings (net figures) during 2017.

Biggest net increases are:

Barbers ................... 624
Beauty salons .......... 388
Vaping shops/tobacconists .... 381
Cafes/tea rooms ...... 353
Nail salons .............. 176
Restaurants & bars .... 174
Coffee shops ............ 158
Pizza takeaways ........ 145
Health clubs ............. 100
Mobile phone shops .... 97
Bars ........................ 94
Chemists ................. 91
Funeral directors ....... 85
Pizzerias ................. 78
Tattoo/piercing .......... 77
Chinese takeaways ..... 77

Biggest net decreases:

Pubs & inns ............... 747
Bank branches ............ 711
Travel agents ............. 679
Post offices ................ 577
Newsagents ............... 364
Estate agents ............ 349
Women's clothes ........ 311
Convenience shops ...... 305
Shoe shops ................ 304
Fashion ..................... 274
Bookmakers ............... 176
Computer shops ......... 144
Gift shops .................. 137
Indian restaurants ....... 137
Discount stores ........... 131

Pubs, banks and travel agents closing down is all old (though still sad) news, but I'm surprised to see shoe shops there - that's an area of retail I thought that supermarkets had only dabbled in up to now. And I always thought it not the sort of thing people would by on the internet - I personally wouldn't dream of buying a pair of my Docs without trying them on first.

I have to admit to being very suspicious whenever I see a nail salon opening up. About eight years ago, a small iron mongers in Oxford called Gill's sadly closed down after many years - run by three blokes in brown aprons, you could buy single nails/screws/fuses (try doing that in B&Q), useful off-cuts of wood or tile, and loads of other things. And the place always seemed full of customers. Unfortunately, the rent went up and up beyond what they could afford and they chose to close the shop (though last I heard they still have a shop in Chipping Norton). Instead, the shop is now a nail salon - never any customers in there when I walk past each day. So how the hell do THEY pay the rent?

Another established clothes shop called Oaks moved out of the Oxford Covered Market a couple of years ago and into a much less glamorous location, saying that the rents had gone too high for them. Fair enough, but then their old unit in the market is taken over by a bloke selling a few t-shirts and fridge-magnets to the bleedin' tourists. If an established retailer like Oaks can't afford the rent, how come some sub-standard Arthur Daley selling tat CAN?

I appreciate that shops open and shops close, but I've got a feeling that the playing-field ain't very level between one side of this list and the other.


I have it on good authority from the local plod that the continued opening of more barbers, nail bars and the like that rarely have customers in them are merely an extension of the black economy. That is, Drug Monies being recycycled or washed through these outlets.

In my part of SE London we have seen proliferation of such premises.

It simply beggars belief that we as a nation haven't yet followed the path of Portugal, Canada and many states in the USA and legalised most drugs thereby reducing criminality and providing a tidy tax take at the same time.

I realise on a forum such as this, where for most alcohol is the drug of choice, its a minority view but would add that my contact at the local nick is of the same opinion.


(This post was edited by Ronsdog on Jan 23, 2019, 12:26 AM)


Tykeoldboy
Chelsea Transfer Target


Jan 23, 2019, 7:33 PM

Posts: 3244
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Post #178 of 213 (4600 views)
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Re: [Ronsdog] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.



The feeling of utter devastation when you pick up your mug and realise you already finished your tea.


leohoenig
Administrator

Jan 23, 2019, 11:33 PM

Posts: 13465
Location: Outer Cheltenhamshire
Team(s): Cheltenham Town

Post #179 of 213 (4551 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

The problem with Ronsdog's black economy is what else is in the picture, and what else is being laundered
Drugs are of course a major part of the illegal economy
But so is the transportation of migrants across the channel and other borders
So is a large portion of the prostitution business

And even in countries where drug use and prostitution are legal, there is a lot that is illegal attached to these trades.
There is a lot of money around that needs to be laundered.



Fat AND Pompous.
The proof that you can have too much of a good thing
Now blogging at http://www.leohoenig.com



Part-Timer
Chelsea Transfer Target

Jan 24, 2019, 11:05 AM

Posts: 4505
Location: Huntingdonshire
Team(s): Brentford, Bradford City, Peterborough United, Yaxley

Post #180 of 213 (4446 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


In Reply To
Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.

Philip May?


Tykeoldboy
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Jan 24, 2019, 4:05 PM

Posts: 3244
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Post #181 of 213 (4367 views)
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Re: [Part-Timer] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


In Reply To

In Reply To
Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.

Philip May?


The husband of Theresa May the current, as of 24/1/19, Prime Minister



The feeling of utter devastation when you pick up your mug and realise you already finished your tea.


Part-Timer
Chelsea Transfer Target

Jan 24, 2019, 4:11 PM

Posts: 4505
Location: Huntingdonshire
Team(s): Brentford, Bradford City, Peterborough United, Yaxley

Post #182 of 213 (4363 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


In Reply To

In Reply To

In Reply To
Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.

Philip May?


The husband of Theresa May the current, as of 24/1/19, Prime Minister

Oh I see. I wasn't aware that he had been promoted from dustman to formulating Government PR. He has done well for himself. Smile


Tykeoldboy
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Jan 24, 2019, 4:57 PM

Posts: 3244
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Post #183 of 213 (4346 views)
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Re: [Part-Timer] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


In Reply To

In Reply To

In Reply To

In Reply To
Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.

Philip May?


The husband of Theresa May the current, as of 24/1/19, Prime Minister

Oh I see. I wasn't aware that he had been promoted from dustman to formulating Government PR. He has done well for himself. Smile


That is what happens when you know (or married to) the right people.



The feeling of utter devastation when you pick up your mug and realise you already finished your tea.


Ronsdog
First Team Star


Jan 24, 2019, 5:58 PM

Posts: 2665
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #184 of 213 (4325 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


In Reply To

In Reply To

In Reply To

In Reply To

In Reply To
Once Philip May as figured out a way of making money from it while ensuring it doesn't come over seedy then legalised drugs will be on the governments agenda.

Philip May?


The husband of Theresa May the current, as of 24/1/19, Prime Minister

Oh I see. I wasn't aware that he had been promoted from dustman to formulating Government PR. He has done well for himself. Smile


That is what happens when you know (or married to) the right people.


Or follow the stock market Tykey.....I thought you were referring to Philip Morris, makers of Marlboro and Benson and Hedges. Their parent company Altria recently made a major investment in the burgeoning weed market. Their shares have risen by 25% since, returning a tidy profit.

A little research just goes to show you don't need to know or be married to the 'right' people.


Fanatic
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Jan 24, 2019, 10:29 PM

Posts: 2427
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Post #185 of 213 (4291 views)
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Re: [007Dale] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately


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However, more people are employed in the country than ever before according to stats release today.


The figures are highly misleading though as anyone who works even one hour is counted as being in employment. Underemployment and very low earning self-employment is a significant issue and many people are in working poverty (I remember reading that something like 80% of self-employed are in poverty)

Plus it's important to bear in mind the context that the UK's population is higher than it's ever been, so naturally there would be 'record' numbers of people in work.

Any time the government claims record this or that, population growth or inflation is usually conveniently ignored.


oxpete
Chelsea Transfer Target


Jan 28, 2019, 7:37 PM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #186 of 213 (4095 views)
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Re: [Fanatic] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

The off-licence chain Oddbins (and its parent company European Food Brands) is about to go into administration for the second time in eight years...

https://www.bbc.co.uk/news/business-47034819

...with the threat of closure of forty-five shops and redundancy of over five hundred workers (a good dozen of whom are my friends - I worked for Oddbins myself from 2000 to 2009).


Tykeoldboy
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Jan 28, 2019, 8:27 PM

Posts: 3244
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Post #187 of 213 (4076 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Tesco looking to reduce it's workforce by 9000. I wonder if the government will these be classed as zero hour contract jobs and not count towards the unemployment figure?



The feeling of utter devastation when you pick up your mug and realise you already finished your tea.


oxpete
Chelsea Transfer Target


Feb 14, 2019, 5:54 AM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #188 of 213 (3493 views)
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Re: [Tykeoldboy] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Very sad news...

https://www.bbc.co.uk/...d-hampshire-47211071

...with the independent joke/fancy-dress/toy/party shop 'U-Need-Us' in Portsmouth's Commercial Road due to close. The business has been run by the Searle family for 96 years.


windydcfc
Man City Transfer Target!


Feb 17, 2019, 8:03 AM

Posts: 10427
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Team(s): Derby County FC England Borussia Mönchengladbach

Post #189 of 213 (2798 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Not quite a high street chain, but Fly BMI have gone bust.


ReeceD1993
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Mar 3, 2019, 2:28 AM

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Post #190 of 213 (1749 views)
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Re: [windydcfc] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Not 100 percent on the topic but on the High Streets where I live in Southampton quite a few Gyms have opened up on High Streets.


oxpete
Chelsea Transfer Target


Mar 5, 2019, 4:25 AM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #191 of 213 (1608 views)
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Re: [ReeceD1993] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Closures announced by Paperchase, the high street card and gift shop.

Only five of their 145 shops are set to close at the moment, but another 23 are at risk as the company tries to cut costs. Profits fell from +£600k in 2017 to a loss of -£6.3ml in 2018.

https://www.bbc.co.uk/news/business-47441119


Ronsdog
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Mar 5, 2019, 7:00 AM

Posts: 2665
Location: Sarf London
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Post #192 of 213 (1596 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

 
Giraffe and EdsEasy Diners to close up to 30 restaurants with the loss of 340 jobs.....https://www.ft.com/...e9-b896-fe36ec32aece


007Dale
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Mar 5, 2019, 2:26 PM

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Post #193 of 213 (1559 views)
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Re: [Ronsdog] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

One for those local to Leicester.

After 80 years Brucciani has decided to close. Last trading day 4th May for the local bakers.

Whilst not in financial trouble they have concluded it’s not viable to make the necessary investments to stay competitive in the future.


(This post was edited by 007Dale on Mar 5, 2019, 2:27 PM)


oxpete
Chelsea Transfer Target


Mar 10, 2019, 3:09 AM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #194 of 213 (1423 views)
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Re: [007Dale] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

The high-end women's clothes shop LK Bennett has called in the administrators...

https://www.bbc.co.uk/news/business-47488854

They have 39 shops, another 37 concessions working out of other stores, and employ about 500 people.


DonQuixote
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Apr 2, 2019, 5:09 PM

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Post #195 of 213 (1219 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Methinks the Boston Tea Party - no me neither - as
the owner's ethical stance has seen profits plunge
£250k in a year.

Certainly out of the running for 'Businessman of the Year'.




FA Vase semi programme wanted: 2001 Taunton v Clitheroe.



oxpete
Chelsea Transfer Target


Apr 2, 2019, 8:33 PM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #196 of 213 (1172 views)
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Re: [DonQuixote] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Trouble for the high-street fashion store Bonmarche, who employ 1,900 full-time staff and have 312 shops...

https://www.bbc.co.uk/news/business-47783538

...who might be rescued by The Edinburgh Woolen Mill (surely the last remaining successful fashion outlet left?) Unsure


oxpete
Chelsea Transfer Target


Apr 26, 2019, 9:56 PM

Posts: 4472
Location: Oxford
Team(s): Pompey

Post #197 of 213 (896 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

A list was announced today of twenty-two branches of Debenhams which will be closed next year, with the loss of 1,200 staff. That figure of shop closures is expected to climb to at least fifty...

https://www.bbc.co.uk/news/business-48063604

the twenty-two stored named are:

Altrincham
Ashford
Birmingham Fort
Canterbury
Chatham
Eastbourne
Folkestone
Great Yarmouth
Guildford
Kircaldy
Orpington
Slough
Southport
Southsea
Staines
Stockton-on-Tees
Walton-on-Thames
Wandsworth
Welwyn Garden City
Wimbledon
Witney
Wolverhampton



youngster
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May 12, 2019, 9:53 PM

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Post #198 of 213 (747 views)
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Re: [oxpete] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

If Steptoe gets into No 10 and gives kids £10 an hour, surely the whole of the high street will be in dire trouble.


MiddxSaint
Youth Team Star


May 14, 2019, 9:05 PM

Posts: 310
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Team(s): St Albans City

Post #199 of 213 (616 views)
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Re: [youngster] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Select fashion stores (169 shops, 1800 staff) in administration.

https://www.itv.com/news/central/2019-05-10/fashion-store-select-goes-into-administration/


Whiskey Coates
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May 21, 2019, 1:45 PM

Posts: 981
Location: Bridlington
Team(s): Bridlington Town, Sheffield Wednesday, Scarborough FC.

Post #200 of 213 (387 views)
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Re: [MiddxSaint] Who will be the next high street chain to bite the bullet? [In reply to] Can't Post or Reply Privately

Jamie Oliver's restaurant group has gone into administration (Jamie's Italian, Barbecoa, Fifteen).

1,300 jobs are at risk.

He is "saddened" apparently.

https://www.bbc.co.uk/news/business-48352026


(This post was edited by Whiskey Coates on May 21, 2019, 1:45 PM)

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