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Re: High Street chain collapse sweepstake
Posted: Fri 12 Oct, 2018 12.31
by g67bbx
In just the last few days
Coast (ladies clothes shop) in administration, 300 jobs at risk.
Regis UK (hair salons) looking for urgent CVA
WHSmith - Store closures (as previously mentioned)
Patisserie Valerie - Financial problems, finance chief arrested and now under investigation by the SFO. Further announcement on trading expected today or tomorrow. (EDIT: Landlords have begun to repossess lettings due to unpaid rent)
Re: High Street chain collapse sweepstake
Posted: Fri 12 Oct, 2018 14.31
by WillPS
Pete wrote: ↑Fri 12 Oct, 2018 08.03
Martin Phillp wrote: ↑Thu 11 Oct, 2018 23.50
WHSmith is to scrap their franchise Local brand, close 6 main stores and close CardMarket, the trading card website.
Is that different from the WHSmith Stationery brand?
Yeah, these were newsagents which took the full WHSmith fit out (if you can call it that). Staff all wore WHSmith uniforms (or were supposed to anyway) and everything.
The one I went to fairly often was also the Post Office in Rugeley. I presume that'll transition in to a full on branded Post Office (possibly taking the WHSmith Stationery range).
Re: High Street chain collapse sweepstake
Posted: Fri 12 Oct, 2018 18.53
by thegeek
Mike Ashley is going to spend £95m on the Frasers building in Glasgow
I give the business two years, and within three the empty building will mysteriously go on fire.
Re: High Street chain collapse sweepstake
Posted: Fri 12 Oct, 2018 20.18
by Martin Phillp
The plan for WHSmith Local is that the brand will gradually disappear as contracts run out with each retailer.
Patisserie Valerie has been saved for now by a £20m cash injection.
Re: High Street chain collapse sweepstake
Posted: Sun 14 Oct, 2018 14.12
by bilky asko
MarkAshley wrote: ↑Sat 13 Oct, 2018 19.53
Future is bright; future is orange at B&M.
This branch seems on the verge of collapse. Or have I missed the point of this thread??
I've been to that branch of B&M a few times. It was perhaps due a refurb.
Re: High Street chain collapse sweepstake
Posted: Sun 14 Oct, 2018 21.00
by Martin Phillp
In the US, it appears the once legendary Sears is filing for Chapter 12.
Re: High Street chain collapse sweepstake
Posted: Mon 15 Oct, 2018 02.02
by JAS84
American Golf went into administration, was immediately rescued, but will be closing 20 branches.
https://www.hulldailymail.co.uk/news/hu ... ty-2104576
Re: High Street chain collapse sweepstake
Posted: Mon 15 Oct, 2018 10.15
by bilky asko
MarkAshley wrote: ↑Sun 14 Oct, 2018 20.16
So you're saying it was an insurance jobby, yeah?
Either that or someone was stubbing out their cigarettes on boxes of fireworks.
Re: High Street chain collapse sweepstake
Posted: Mon 15 Oct, 2018 12.15
by Martin Phillp
Claire's may be considering store closures in the UK after their US parent company filed for Chapter 11.
Re: High Street chain collapse sweepstake
Posted: Wed 17 Oct, 2018 00.25
by james2001
You'll need sewing pins, a hot stove and lots of kitchen roll.
Re: High Street chain collapse sweepstake
Posted: Wed 17 Oct, 2018 00.57
by Alexia
And a JCB.
Or is it TCP?