High Street chain collapse sweepstake

[Martin Phillp]

Re: bettaware / kleeneze, I suppose most of their market has now been gobbled up by Amazon and at lower prices. Lakeland has physical stores and a slightly more affluent demographic. Wonder how they'll cope.

Was the kitchen tat catalogue model similar to your makeup reseller (Younique) style thing where you bought x amount of the rubbish at wholesale then sold it on in demos or was it purely dumping cataloges around the place and then begging for them back?

The Betterware model appeared to be dump the catalogue, hope they order, then the agent buys the stock and delivers.

Pre-net, my mother would purchase stock from them and the agent would actually knock and spend time with the customer to go through the products.

[g67bbx]

Poundworld looking to close around a third of its stores.

http://www.dailymail.co.uk/money/market ... tores.html

[Martin Phillp]

Poundworld looking to close around a third of its stores.

http://www.dailymail.co.uk/money/market ... tores.html

With Poundland stores expanding into clothes through Pep&Co and what appears to be a successful multi-price offering, Poundworld is starting to look dated, although they now have multi-priced products.

I think also their buyers are finding it harder to find branded products.

[JAS84]

Poundworld should've kept the Bargain Buys name. It would've made more sense than a name with Pound in it, now that they're not charging £1 for everything.

[Alexia]

Not sure how real this is given it's SNN but still made me wryly grin.

https://twitter.com/SouthendNewsNet/sta ... 85889?s=19

[sqwidge1978]

SNN had Asda Sainsbury's tie up on other day.

[Martin Phillp]

Maplin in Croydon is now all on the ground floor. People are coming in to have a look, but even at 40% off most stock (60% on the posters), they're still too expensive compared to Wilko or Amazon. I didn't see one single person buy anything, despite having two cashiers and the manager.

[Martin Phillp]

Jacques Vert is set to go into administration.

https://news.sky.com/story/1000-high-st ... s-11357154

[barcode]

Has anyone else heard about PoundLAND shutting stores? I do know there planning to shut some in scotland, because the rents are so high.

[all new Phil]

It’s a cardboard cut out police lady round here. #MeToo

[WillPS]

Opcapita (the one with a reputation for buying failing chains, extracting cash on-the-fly and sending them in to administration) is looking to buy Homebase.