High Street chain collapse sweepstake

Martin Phillp · Sat 09 Jun, 2018 00.42

The local Poundworld was unusually quiet today, while the Poundland was packed two doors down.

JAS84 · Sun 10 Jun, 2018 22.56

Probably because Poundworld are running down their stock, since they're about to go into administration.

g67bbx · Mon 11 Jun, 2018 10.32

JAS84 wrote: Sun 10 Jun, 2018 22.56 Probably because Poundworld are running down their stock, since they're about to go into administration.

I believe an announcement is imminent on this. Allegedly its going through the court this morning.

g67bbx · Mon 11 Jun, 2018 11.25

g67bbx wrote: Mon 11 Jun, 2018 10.32
JAS84 wrote: Sun 10 Jun, 2018 22.56 Probably because Poundworld are running down their stock, since they're about to go into administration.
I believe an announcement is imminent on this. Allegedly its going through the court this morning.

and just like that
https://www.bbc.co.uk/news/business-44436435

g67bbx · Thu 14 Jun, 2018 19.43

Mattressman to close 14 out of 25 stores.

https://www.islandecho.co.uk/mattressma ... ext-month/

Finn · Thu 14 Jun, 2018 21.25

Simply Be and High & Mighty owner to close all 20 UK stores

https://www.theguardian.com/business/20 ... tores-jobs

WillPS · Sun 17 Jun, 2018 05.43

Neil DG wrote: Thu 14 Jun, 2018 21.25 Simply Be and High & Mighty owner to close all 20 UK stores

https://www.theguardian.com/business/20 ... tores-jobs

It doesn't surprise me - the strength of their catalogues is the sheer amount of choice in sizes and varieties, you can't translate that to a retail presence with shops around the size of a small HMV or Waterstones split between 2 or 3 brands. Naff effort.

JAS84 · Fri 22 Jun, 2018 19.10

Looks like nobody wanted to buy Poundworld - closing down signs have gone up.

Martin Phillp · Fri 22 Jun, 2018 22.13

JAS84 wrote: Fri 22 Jun, 2018 19.10 Looks like nobody wanted to buy Poundworld - closing down signs have gone up.

I suspect the mess the company got into was even too much for the founder. Best to buy the scraps of the business and start again.

Ant158 · Sat 23 Jun, 2018 23.45

tillyoshea wrote: Sat 02 Jun, 2018 07.27 Robert Shrimsley's op-ed in today's FT Weekend ("The slow death of WHSmith") is relevant to our recent discussions. It concludes:

Robert Shrimsley wrote:Once a high street without a WH Smith seemed unimaginable. Now it seems almost inevitable.

On the topic of WH Smith being unsure of what it wants to sell. Spotted Easter eggs, for £6.99 plus at a Lancashire branch today. Yes Easter eggs in June!

https://flic.kr/p/LkxpsS

JAS84 · Sun 24 Jun, 2018 09.38

Or 2 for £10. But yeah, shouldn't they be marked down for clearance?