High Street chain collapse sweepstake

WillPS · Tue 15 Nov, 2022 16.01

Joules https://www.bbc.co.uk/news/business-63620832

thegeek · Sun 11 Dec, 2022 21.54

M&Co, again.

https://www.bbc.com/news/uk-scotland-sc ... s-63933835

WillPS · Mon 02 Jan, 2023 02.26

Wilko

https://www.msn.com/en-gb/money/other/w ... r-AA15Rvzl

Translation - Camelot don't trust them to pay.

all new Phil · Mon 02 Jan, 2023 12.15

WillPS wrote: Mon 02 Jan, 2023 02.26 Wilko

https://www.msn.com/en-gb/money/other/w ... r-AA15Rvzl

Translation - Camelot don't trust them to pay.

I’m not sure what the issue is with Wilko. On paper they should be successful - a decent range (that’s not too bloated), competitive on pricing, generally decent quality. It is all rather bland though but I’d guess it’s a combination of quite slim margins and expensive rent that might be their undoing.

BBC TV Centre · Mon 02 Jan, 2023 18.02

The supply issues are well publicised, as is the financial situation it finds itself in.

There's also the competitors - Home Bargains, B&M, supermarkets all vying for the same slice of the pie.

Consumers are notoriously fickle and if they can get what they want easily ahd cheaper elsewhere, they will.

WillPS · Mon 02 Jan, 2023 20.54

all new Phil wrote: Mon 02 Jan, 2023 12.15
WillPS wrote: Mon 02 Jan, 2023 02.26 Wilko

https://www.msn.com/en-gb/money/other/w ... r-AA15Rvzl

Translation - Camelot don't trust them to pay.
I’m not sure what the issue is with Wilko. On paper they should be successful - a decent range (that’s not too bloated), competitive on pricing, generally decent quality. It is all rather bland though but I’d guess it’s a combination of quite slim margins and expensive rent that might be their undoing.

Yes, I will miss them if they go, they are useful - perhaps even more so than Woollies were.

I don't know if it's the whole story but there was a period a few years ago when the shelves at Wilko were very bare - perhaps an attempt to reduce stock holding to free up capital which went badly wrong?

Martin Phillp · Tue 03 Jan, 2023 12.27

Wilko shelves locally continue to be bare for essentials, but they keep getting crates in of high-end goods that nobody buys.

No longer selling Lottery products was signposted in my store from late November.

bilky asko · Wed 04 Jan, 2023 14.00

WillPS wrote: Mon 02 Jan, 2023 20.54 Yes, I will miss them if they go, they are useful - perhaps even more so than Woollies were.

I don't know if it's the whole story but there was a period a few years ago when the shelves at Wilko were very bare - perhaps an attempt to reduce stock holding to free up capital which went badly wrong?

Now it's emerged that they've taken out a £40m loan from Hilco.

article here ……..

STORY on NEWS.SKY.COM
04-Jan-2023 @ 13:59

WillPS · Thu 05 Jan, 2023 00.13

bilky asko wrote: Wed 04 Jan, 2023 14.00
WillPS wrote: Mon 02 Jan, 2023 20.54 Yes, I will miss them if they go, they are useful - perhaps even more so than Woollies were.

I don't know if it's the whole story but there was a period a few years ago when the shelves at Wilko were very bare - perhaps an attempt to reduce stock holding to free up capital which went badly wrong?
Now it's emerged that they've taken out a £40m loan from Hilco.

article here ……..

STORY on NEWS.SKY.COM
04-Jan-2023 @ 13:59

Interesting. Could be synergies with Homebase, who themselves have been treading on Wilko's toes recently with a high street format...

Martin Phillp · Thu 05 Jan, 2023 17.58

Could we see Amazon Fresh being scrapped in the UK as Amazon look to cut 18,000 jobs across Europe?

thegeek · Fri 06 Jan, 2023 06.28

Do they make a profit? I only ever get a chance to visit them off-peak, and they're generally only as busy as a neighborhood Tesco Express seems to be, and on a similar staffing level. The technology must be a bit of a higher overhead, but I assumed the supply chain side shared a bit with Whole Foods so made that more cost effective.

(By the way, I think it's 18,000 jobs worldwide, not just Europe)