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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: 4247
Location: Oxford
Team(s): Pompey

Post #176 of 189 (2765 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: 2453
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #177 of 189 (2741 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: 3014
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Post #178 of 189 (2638 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.


leohoenig
Administrator

Jan 23, 2019, 11:33 PM

Posts: 12813
Location: Outer Cheltenhamshire
Team(s): Cheltenham Town

Post #179 of 189 (2589 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

Into the nervous 90s. 91 - Voltigeurs de Chateaubriant


Part-Timer
Chelsea Transfer Target

Jan 24, 2019, 11:05 AM

Posts: 4270
Location: Huntingdonshire
Team(s): Brentford, Bradford City, Peterborough United, Yaxley

Post #180 of 189 (2484 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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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

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Post #181 of 189 (2405 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


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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


Part-Timer
Chelsea Transfer Target

Jan 24, 2019, 4:11 PM

Posts: 4270
Location: Huntingdonshire
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Post #182 of 189 (2401 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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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

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Post #183 of 189 (2384 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.


Ronsdog
First Team Star


Jan 24, 2019, 5:58 PM

Posts: 2453
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #184 of 189 (2363 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
First Team Star


Jan 24, 2019, 10:29 PM

Posts: 2413
Location: Aldgate
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Post #185 of 189 (2329 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: 4247
Location: Oxford
Team(s): Pompey

Post #186 of 189 (2133 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
Chelsea Transfer Target


Jan 28, 2019, 8:27 PM

Posts: 3014
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Team(s): Doncaster Rovers, Everton, Mablethorpe

Post #187 of 189 (2114 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?


oxpete
Chelsea Transfer Target


Feb 14, 2019, 5:54 AM

Posts: 4247
Location: Oxford
Team(s): Pompey

Post #188 of 189 (1531 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: 9770
Location: Lincoln
Team(s): Derby County FC England Borussia Mönchengladbach

Post #189 of 189 (836 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.

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