What company is next to go bust?

Strife212 said:
Don't know how argos makes any profit at all with all those catalogues it gives away, they must be worth a pound each.
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I wonder that sometimes but for them, they just get left everywhere...buses, around the house and its very easy to pick up and see what takes your fancy. :)
 
i work for dsgi and its pretty gloomy, peak has been bad for us way down year on year cant see us lasting much longer. Most stores struggling to break even.
 
As long as there's still H&M, Topman, River Island and Office at the end of it, my life will go on.
 
psa

I hope all the motherflippers that sell sofas crash and burn. The nation needs re-educated that you don't need to buy a tacky new sofa every 6 months.
 
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The lack of liquidity is killing retailers. Any retailer that has cash flow will be ok, any that dont are going under and there will be a lot. I can see a major electrical retailer going under. I'd bet on PCWorld going and that would mean Dixons, Currys and all the rest under that umbrella. Which is no bad thing imo as a consumer.
 
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I know our halfords store is about 16% down on sales according to the manager from last year. Wage budget got cut stupid amounts so im getting halfed to 20 hours per week :(
 
[TW]Fox;13156498 said:
It's amazing how many utterly clueless 'friends in the know' people have. Somebody else has already posted how WHSmith is exceeding profit expectations and has good liquidity, why would they go?
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Is it as amazing how utterly insulting people are on the internet ?, I can assure you no one on here truly knows what is going on with WHSmith's behind the scenes I can further assure you do not know factually that these people are completely clueless, I don't proclaim to know anything personally which is why I said "according to a friend", they work in a managerial role in WHSmith's, I'm just passing on what he told me last week when I bumped into him at my local post office, that's all, sorry.
 
Our local pc world closed, so hopefully them. Would be great to see all these rip off retailers (curries, comet, pc world) go bankrupt and take their overpriced tat with them.

Mr.Orb said:
You hope thousands of people lose their jobs?
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There's only one person above school age working in game stores anyway and that's the manager, that's probably why their doing so well, loads of minimum wage workers.
 
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Energize said:
Our **** world closed, so hopefully them. Would be great to see all these rip off retailers (****, ****, ****) go bankrupt and take their overpriced tat with them.
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Agreed !, I've been 'ushered' out of a few of those stores before for convincing customers not to buy a PC from them, it's just sometimes I see an innocent looking family soaking up all the crap a sales rep is telling them like "yes this will play all the latest games fine" etc when it has a GeForce 7400LE or similar is inside the box, makes me mad, sometimes I just have to go over and try to convince these people that their getting ripped off, it should be illegal for the sales rep's of these stores to misrepresent the systems that their selling, they are basically conning innocent people that don't understand the technology out of thousands of pounds.
 
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Actually it is illegal under the sale of goods act 1979. Unfortunately I think the sales people actually believe what they are saying.
 
mrk1@1 said:
Why is everyone so happy about these places potentially going. Makes it a lot harder to find and buy household stuff if the big players go.
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How so when you have instant access to a much wider range of products at half the price from your keyboard?
 
[TW]Fox;13156498 said:
It's amazing how many utterly clueless 'friends in the know' people have. Somebody else has already posted how WHSmith is exceeding profit expectations and has good liquidity, why would they go?
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2009: The year companies went bust my rumour and popular vote :/
 
Energize said:
How so when you have instant access to a much wider range of products at half the price from your keyboard?
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And how long will these be about for. Not everyone shops online. At the moment people just are not shopping for large household luxuries and i am guessing replacing necessities only. This will hit the online stores to. Especially if unemployment rises further and there are less people buying all but the essentials.
 
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mrk1@1 said:
And how long will these be about for. Not everyone shops online. At the moment people just are not shopping. This will hit the online stores to.
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True but the damage is usually less as they tend to have less overheads compared to high street stores and TBH I can't see any high profile on-line stores going out of business any time soon, it's true that people are shopping less but it's also true that more people are choosing to shop on-line over high street every year, so while high street shopping is slowing, on-line shopping is still growing but at a lessor pace atm.
 
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