Borders UK was no longer owned by it's US namesake when it closed. It was sold in 2007, closed in 2009. The US company also closed in 2011, so Borders UK would've still closed down anyway!WillPS wrote:By that logic Borders and Best Buy should have been safe and sound - not that I reckon TKMaxx is at risk at this stage.Whataday wrote:TK Maxx is part of the US giant TJ Maxx so I doubt they'll be going anywhere.
High Street chain collapse sweepstake
You're making too many presumptions. One could have said "Borders [UK]" is safe in 2006, on the grounds that they had a well known American parent. Remember there's nothing to stop TJX selling off their UK division.JAS84 wrote:Borders UK was no longer owned by it's US namesake when it closed. It was sold in 2007, closed in 2009. The US company also closed in 2011, so Borders UK would've still closed down anyway!WillPS wrote:By that logic Borders and Best Buy should have been safe and sound - not that I reckon TKMaxx is at risk at this stage.Whataday wrote:TK Maxx is part of the US giant TJ Maxx so I doubt they'll be going anywhere.
Also, the fortunes of an American former parent don't necessarily impact on the former child operation, as Woolworth proved. (Although the American parent is sort of still about with Foot Locker.)
They went over a decade apart, so there was no direct correlation. That said they'd been totally separate entities for much longer.JAS84 wrote:Considering Woolworths UK is gone too, at least on the high street, that probably wasn't the best example?
Indeed. And there is still the former German division trading independently.wells wrote:They went over a decade apart, so there was no direct correlation. That said they'd been totally separate entities for much longer.JAS84 wrote:Considering Woolworths UK is gone too, at least on the high street, that probably wasn't the best example?
If anything it proves that health of an American parent has nothing to do with it.
It does if both the parent and child are doing remarkably well. TJX is highly profitable in the US, and TJX Europe increased profits last year by 127%, with plans to open many more stores in the UK over the next year.WillPS wrote:Indeed. And there is still the former German division trading independently.wells wrote:They went over a decade apart, so there was no direct correlation. That said they'd been totally separate entities for much longer.JAS84 wrote:Considering Woolworths UK is gone too, at least on the high street, that probably wasn't the best example?
If anything it proves that health of an American parent has nothing to do with it.
It was the rationale rather than the fact I objected to. I agree TK Maxx is safe.
