What company is next to go bust?

Nitefly said:
[TW]Fox, I'm not quite sure why you felt the need to jump on lowrider007's back. He merely repeated what a friend had said
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It wasn't really aimed at just him - it was a general thing which was prompted by his comment being 'the straw that broke the camels back' so to speak. These threads have been full of all sorts of completely bizarre stuff with absolutely no thought or backup or citation or opinion beyond 'My friend says'. lowrider was just unfortunate enough to be the one which prompted me to reply.

It's quite a serious issue what we are experiencing now, and the last thing we need is hearsay, conjecture and mindless rumours from peoples friends who may or may not have any idea. At least when somebody posts their OWN opinion we can discuss it, what are we supposed to do with 'my friend said'? We've no way of validating the opinions. So what do we do, sit back and watch whilst a thread of doom mongering and fabrications develops based entirely on the opinions of people who don't post here and are not part of the debate? Is that really a clever idea?
 
Hes been like that since 2001, he's a little abrasive, he knows that, everyone knows that, he's only like that if people talk like morons; like lowrider007.
 
JamesRJ said:
Oh great Fox has moved out of motors
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I rather suspect I've been posting in GD a tad longer than you if you wish to take that attitude. If you've an issue with my posts you are more than welcome to use the ignore button to strip them from your OcUK viewing experience.
 
It's quite a serious issue what we are experiencing now, and the last thing we need is hearsay, conjecture and mindless rumours from peoples friends who may or may not have any idea. At least when somebody posts their OWN opinion we can discuss it, what are we supposed to do with 'my friend said'? We've no way of validating the opinions. So what do we do, sit back and watch whilst a thread of doom mongering and fabrications develops based entirely on the opinions of people who don't post here and are not part of the debate? Is that really a clever idea?
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You seem to under the misguided impression that this thread is being read by the greater population and will somehow influence peoples shopping habbits.
 
[TW]Fox;13160151 said:
I'm curious as to why you think that working behind the tills at WH Smiths or perhaps being a manager doing things like writing staff Rotas and organising putting stock out means you suddenly understand how to interpret financial statements and make doom-mongering predictions for the future.
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Do I really need to explain this ?, obviously when you work in a managerial position in a company outlet you get a feel for how the business is running, make friends within that industry etc, I'm not saying they suddenly become processionals in the internal workings of said company but I'm presuming they know more than you about that particular company.

Given that this little 'debate' has come about after you predicted the demise of WH Smith because your mate 'said so' I'd say it has everything to do with anything. I'm not talking about Woolworths or Zavvi.
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You this is the problem, I didn't predict the demise of WHSmiths, I just said "WH Smiths according to a friend", it was your overreaction and rude reply to that statement that transformed this discussion into a 'tit for tat' debate.

There we go again being general when I'm being specific. WH Smith posted a profit of, combined across all groups, more than £100m over the last financial year.
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I'm sorry I hardly feel I was being "general" as you so put it when I gave your researched urls and dated shares information that was correct to within a month, and I did also say a decline in profits, not a loss, there is a difference, this is the first time in years they've posted profits,

"After years of decline, many expected WH Smith to be one of the major casualties of the current spending slowdown. But for now, it seems to be defying the gloomy predictions: in the year to August, group pre-tax profits were up 15% to £76m, thanks largely to the success of CEO Kate Swann’s cost-cutting measures and a 14% jump in its Travel profits (i.e. from its airport and station stores). This beat analyst forecasts, suggesting there’s life in the old dog yet. And with the British Retail Consortium reporting that annual shop price inflation fell last month for the first time in ages, perhaps the same is true of the High Street as a whole?"
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But they are not home free yet, this years profits have been mainly due to the severe cost cutting measures they they've put into place, whether that will have a long term positive effect or not is still questionable.
 
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I think a far more suitable question is going to be which companies will not be in trouble!

For certain in the next 12 months there is going to be a big shrink in what is available ie. local furniture companies will go from 5 or 10 to 2 furniture stores competing, basically only the strong will survive. The rise in unemployment will also lead to a rise in crime as well.

One thing that annoys me about businesses in the UK is that it seems to be an unknown concept to stick out a struggling year, instead many choose to simply cease trading.

The next 12 months are going to be an interesting albeit demotivating year.
 
dangerstat said:
Yeah, good knowledge skillz! Surprised if they are not hit hard, Habitat is use so stupidly over priced, can't see it not getting a caining in the current climate.
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Was just in one of their shops today here in Spain and although it was not advertised, the clerk in the shop said everything is reduced by at least 20% and more often than not a lot more.
 
[TW]Fox;13160246 said:
It wasn't really aimed at just him - it was a general thing which was prompted by his comment being 'the straw that broke the camels back' so to speak. These threads have been full of all sorts of completely bizarre stuff with absolutely no thought or backup or citation or opinion beyond 'My friend says'. lowrider was just unfortunate enough to be the one which prompted me to reply.
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That's understandable, but it does make it rather unpleasant for the 'victim' - be a tad more chilled next time around.

It's quite a serious issue what we are experiencing now, and the last thing we need is hearsay, conjecture and mindless rumours from peoples friends who may or may not have any idea. At least when somebody posts their OWN opinion we can discuss it, what are we supposed to do with 'my friend said'? We've no way of validating the opinions. So what do we do, sit back and watch whilst a thread of doom mongering and fabrications develops based entirely on the opinions of people who don't post here and are not part of the debate? Is that really a clever idea?
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The whole thread is going to revolve around speculation. The best we can do is simply take everything with a pinch of salt. Or perhaps a handful.

... I still can't fathom who pays ~£3 for a takeaway milkshake.
 
Muffin` said:
Yeah Fox, stop posting sense and not agreeing with the mindless idiots, and using techniques like backing up your argument, get back in motors!
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Curse you Fox! I want to make arguments based on hearsay and sensationalism and I won't have you tell me what I can and cannot do. I've read Article 10 of the European convention on human rights!
 
lowrider007 said:
Do I really need to explain this ?, obviously when you work in a managerial position in a company outlet you get a feel for how the business is running, make friends within that industry etc, I'm not saying they suddenly become processionals in the internal workings of said company but I'm presuming they more than you about that particular company.
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Then I'm sure we'll see the death of WH Smiths soon then, if what you say is true. But then we've got nothing but your word as to the credibility of this person. It's a worthless opinion from a source which is utterly unverifiable. This is irritating at the best of times but when said opinion is also something which appears to contradict all other information about a company you can't be suprised when people raise their eyebrows?

You this is the problem, I didn't predict the demise of WHSmiths, I just said "WH Smiths according to a friend",
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The thread asks the question 'Which company is next to go bust'. Your contribution was, and I quote, 'WH Smiths according to a friend'. If thats not using your friends opinion to predict the demise of WHS then frankly I'm not entirely sure what is?

it was your overreaction and rude reply to that statement that transformed this discussion into a 'tit for tat' debate.
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Are you still beating the 'omg he was rude' horse after calling me illiterate on numerous occasions? You are unfortunately well off that particular moral highground I'm afraid.


But they are not home free yet, this years profits have been mainly due to to the severe cost cutting measures they they've put into place, whether that will have a long term positive effect or not is still questionable.
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Ask your friend, he'll know.
 
I wouldn't lose any sleep over JJB going down the pan. Personally I can't see it but it doesn't hurt to wish.
 
You have to say, it's rather interesting that in a thread containing 'I HOPE DSG GO BUST AND EVERYONE THERE LOSES THEIR JOB' it's of course me that attracts the most flak, because I'm rude and wishing thousands of people get made redundant simply because its cool to hate their employer isn't.
 
[TW]Fox;13160339 said:
You have to say, it's rather interesting that in a thread containing 'I HOPE DSG GO BUST AND EVERYONE THERE LOSES THEIR JOB' it's of course me that attracts the most flak, because I'm rude and wishing thousands of people get made redundant simply because its cool to hate their employer isn't.
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Yes, but I take for granted that those people are absolute morons, whilst I respect you enough to be bothered about commenting ;) :p

On WHSmiths, I think they have a very good niche market. I would speculate they will survive this current lull.
 
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