High Street chain collapse sweepstake

JAS84
Posts: 461
Joined: Fri 12 Aug, 2011 10.23
Location: Hull, UK

It's basically a new business. They closed down today.
https://www.bbc.co.uk/news/business-45135268
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Pete
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Joined: Fri 15 Aug, 2003 13.36
Location: Dundee

I wonder if Jenners is on a lease or whether they own the building outright.
"He has to be larger than bacon"
thegeek
Posts: 601
Joined: Sat 04 Jun, 2005 12.35

Pete wrote:
Thu 09 Aug, 2018 20.45
I wonder if Jenners is on a lease or whether they own the building outright.
It's owned by "a mystery investor".
Charlie Wells
Posts: 259
Joined: Tue 02 Nov, 2004 16.23
Location: Cambridgeshire

Well this came slightly sooner than expected, though perhaps no surprise after the Chinese investors pulled out...
House of Fraser calls in administrators
https://www.bbc.co.uk/news/business-45140874
"If ass holes could fly then this place would be an airport."
g67bbx
Posts: 54
Joined: Sat 06 Jan, 2018 08.18

Charlie Wells wrote:
Fri 10 Aug, 2018 08.20
Well this came slightly sooner than expected, though perhaps no surprise after the Chinese investors pulled out...
House of Fraser calls in administrators
https://www.bbc.co.uk/news/business-45140874
I also was expecting this, albeit in a couple of weeks. Not now.
g67bbx
Posts: 54
Joined: Sat 06 Jan, 2018 08.18

g67bbx wrote:
Mon 22 Jan, 2018 19.46
g67bbx wrote:
Sat 06 Jan, 2018 08.37


I came across this forum by chance, thought I would add my own views on the subject.

Ones to watch in 2018:

Toys R Us - To be honest, it cant keep going for much longer. It will either fold completely or wind down to a few select sites.
Debenhams - Poor results over Christmas. I feel it will review its estate and cut out the deadwood shops, and put money into refurbishing the good ones.
House of Fraser - Seeking rent reductions. Unfortunately, I think it will end up going down the BHS route.
M&S - Store closures.
(Looks like the department stores are going to struggle this year)
Poundland (and Pep&Co) - Will be sold to new owner.
WHSmith - Just one to keep on the radar. Possible management/HO structure changes and closing of least profitable stores as leases end. Travel doing well.
TESCO - Possible Management changes and store redundancies.

That's it for now, but could be some changes as the retailers release their Christmas results. Next and ALDI have done very well over Christmas.
I was right about TESCO, 1700 store management jobs to go
http://www.bbc.co.uk/news/business-42779698
8 Months Later

Toys R Us - Gone
Debenhams - Closing stores
House of Fraser - Probably gone
M&S - Closing even more stores
Poundland - Closing some stores, mainly duplicates. Pep&Co being removed from some stores.
WHSmith - Management restructured and regions restructured TWICE this year! Loss making shops closing.
TESCO - Job losses and employment down.

A very bad year for retail!
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WillPS
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It's out of administration already: https://www.bloomberg.com/news/articles ... r-business

More: https://www.theguardian.com/business/20 ... talks-fail

I wonder if this means the Debenhams takeover plan is dead?
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cwathen
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WillPS wrote:
Fri 10 Aug, 2018 10.11
It's out of administration already: https://www.bloomberg.com/news/articles ... r-business

More: https://www.theguardian.com/business/20 ... talks-fail

I wonder if this means the Debenhams takeover plan is dead?
Notably, they've bought all of it, including the 31 stores earmarked for closure. So presumably this is now off and all HOF stores will carry on - for now at least anyway.
JAS84
Posts: 461
Joined: Fri 12 Aug, 2011 10.23
Location: Hull, UK

BBC suggests he could rebrand some as Sports Direct. Which might not be a bad idea if there isn't one already in a location and that HOF isn't doing well. I suppose he could hybridise some too.

https://www.bbc.co.uk/news/business-45140874
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WillPS
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JAS84 wrote:
Fri 10 Aug, 2018 11.06
BBC suggests he could rebrand some as Sports Direct. Which might not be a bad idea if there isn't one already in a location and that HOF isn't doing well. I suppose he could hybridise some too.

https://www.bbc.co.uk/news/business-45140874
They'd be bloody massive Sports Directs, even the smaller sites.
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JAS84
Posts: 461
Joined: Fri 12 Aug, 2011 10.23
Location: Hull, UK

See this TJ Hughes photo from Street View 10 years ago (not sure why there's no more recent shot of that building on there)? That's a former C&A, later became Poundland, which only used the ground floor, and is now a Sports Direct. It's actually right next to our similarly sized House of Fraser (just rotate it to the right). So yeah, they do go for large stores nowadays!
https://www.google.co.uk/maps/place/Fer ... -0.3447004
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