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21-12-2008, 1:47 PM
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#1 (permalink)
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Veteran Member
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looks like plenty of closing down bargains on the horizon
Ten chains 'face closure' in 2009
BBC NEWS | Business | Ten chains 'face closure' in 2009
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More than 10 national or regional retail chains risk going bust next month, insolvency experts are warning.
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I wonder who?
Place your bets...
However, despite some bargains perhaps, it isn't good news at the end of the day. 
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21-12-2008, 2:21 PM
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#2 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Zavvi look next. I wouldn't be surprised if more music chain stores go under. Fewer people bought dvds and music from stores during the good times, and less and less will as money gets tight.
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21-12-2008, 2:50 PM
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#3 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Yeah Zavvi is next in my opinion, and to be honest with you it wouldn't surprise me if Monsoon are likely go go down next as well.
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21-12-2008, 2:56 PM
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#4 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Zavvi is stuck on to go next. Then Toys R Us.
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21-12-2008, 3:17 PM
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#5 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
It's a crazy situation. We could end up with less choice and competition so things will become more expensive, but as money is short people won't buy, so do the stores hope people will buy more if they keep prices down and risk closure. I just think everyone loses in the long run. And how long will it take for new stores to replace the bust ones until they know it's worth doing.
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21-12-2008, 3:29 PM
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#6 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
DSG group is suffering, as is Halfords, B&Q and Homebase...
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21-12-2008, 3:34 PM
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#7 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Surviving until next year? just sounds like more bad business practises to me 
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21-12-2008, 3:34 PM
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#8 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Quote:
Originally Posted by dodger747
DSG group is suffering, as is Halfords, B&Q and Homebase...
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B&Q just paid their staff a Christmas bonus 
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21-12-2008, 3:54 PM
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#9 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
I believe some of the high street retailers issues are down to people choosing to shop online.. The high street shops just can't compete on price.. An example of what I mean, a couple of weeks ago I was looking to purchase a BD-P1500. The cheapest price I found in the high street was Argos at £229.. I finally got it online for £149.99 with two blue ray titles. There was no way that I was going to get it that cheap in the high street, I feel that the high street retailers have got to be competitive on pricing to stay afloat.. Lets face it, why would you pay (In the case above) £70 more for the same item in the high street?
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21-12-2008, 4:07 PM
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#10 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
How much is spent online these days? Hundreds of millions or are we in the Billions now?
Most of that cash would have been spent on the hight street 10+ years ago but not now.
Times change and so has/will the High Street.
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21-12-2008, 4:17 PM
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#11 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Slightly off topic but I just tried to get Comet to do a price match for an LCD £20 cheaper at Richer Sounds but she said there wasn't much point because it was 3.30pm on a Sunday and maybe I should just come back another day. Doesn't look like Comet are exactly struggling for business.
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21-12-2008, 4:41 PM
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#12 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
I haven't bought anything from the high street in months. What's the point when I can get it cheaper and easier from the comfort of my own home. I know a lot of high street shops do actually have websites but if you are choosing to shop online you can bet they are the more expensive sites.
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21-12-2008, 4:57 PM
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#13 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Its quoted in one of the papers today that 323 are on the critical list
So looks like these plenty more to go before its over
And most real analysts predict 2010 before there is any real growth, not next year like the politician keep on spinning to us.
So looks like its going to be pretty tough for businesses next year
It was mentioned yesterday 6 billion was spent ethier yesterday or all last week can't remember exactly but is plenty to go around you would have thought.
How did we get into this
Good news though a banker is found hanging in a 5 star hotel
(didn't know whether to be happy or sad)
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21-12-2008, 5:09 PM
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#14 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Quote:
Originally Posted by Import racer
Good news though a banker is found hanging in a 5 star hotel
(didn't know whether to be happy or sad)
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How the hell is that good news
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21-12-2008, 5:24 PM
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#15 (permalink)
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Re: looks like plenty of closing down bargains on the horizon
Zavvi are definitely on the way out soon. They owe quite a large amount of debt too apparently.
I wouldn't to see HMV go under but they need to sort their prices out. Why on earth are they charging £16 for Indy 4 on DVD
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