What company is next to go bust?

Now with the recession on people will see the mobile phone as a way to save money.
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most people are on contract anyway? 600 minutes for 22quid or something like that which is probably cheaper than someones average phone bill and they dont even spend aslong on the phone each month?
I reckon Smiths too. Not based on anything really, but I can't think of a single thing I would puposely go into one fot. Newspapers are sold at supermarkets, books and all the other rubbish they do. Ok, they may do well from passing trade at key locations but in my mind they have gone a bit stale, like woolies did.
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yea cheaper to get books online, i bet less people are buying magazines and newspapers can be picked up at corner shops etc.
 
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TripleT said:
Just a quick note on the JJB situation...

As a now EX employee at JJB Sports Head Office (yay) the current sale is nothing drastic. "95% Sale", it's only all of the **** that is reduced by that much, the rest is still making decent margins on. I think shoe laces are just about the only thing that were 95% off when I was there two weeks ago. Yes they started the sale early but it's no different than they would have done if they hadn't bee in trouble.

The stores are still bringing in millions, (top stores beinging in £220-£300k a week) there is a lack of cash which is making paying back loans a bit hard.

Chris Ronnie has been spending money hand over fist on training and store refits at a very wrong time, it's been a schoolboy mistake but as long as the banks lay off JJB will be fine. Not helped that Chris Ronnie is backed by an Iclandic Consortium...

He needs to get rid of the OSC asap though as that's a waste of time. He had the oppurtunity to sell the leisure clubs back to Dave Whelan which he really should have jumped at, although they do make a lot of money.

There have been rumours amongst the ranks that he's purposely driving the business into the ground for his mate Mike Ashley to buy though...
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Monday is rent day for them and many other businesses, I know that my former employer is ready with the bailiffs on Monday if no rent payment has been made on his sites that has a JJB situated on them.

Also if they go into administration they can trim the company down and get rid of more under performing stores. They seemed to have set themselves up with a management buyout wit the newish Management team in place.

I also was under the impression that Chris Ronnie was basically putting JJB into the ground.
 
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TripleT said:
Just a quick note on the JJB situation...

As a now EX employee at JJB Sports Head Office (yay) the current sale is nothing drastic. "95% Sale", it's only all of the **** that is reduced by that much, the rest is still making decent margins on. I think shoe laces are just about the only thing that were 95% off when I was there two weeks ago. Yes they started the sale early but it's no different than they would have done if they hadn't bee in trouble.

The stores are still bringing in millions, (top stores beinging in £220-£300k a week) there is a lack of cash which is making paying back loans a bit hard.

Chris Ronnie has been spending money hand over fist on training and store refits at a very wrong time, it's been a schoolboy mistake but as long as the banks lay off JJB will be fine. Not helped that Chris Ronnie is backed by an Iclandic Consortium...

He needs to get rid of the OSC asap though as that's a waste of time. He had the oppurtunity to sell the leisure clubs back to Dave Whelan which he really should have jumped at, although they do make a lot of money.

There have been rumours amongst the ranks that he's purposely driving the business into the ground for his mate Mike Ashley to buy though...
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hehe yup, dont forget the whole sportsworld malarky... jjb always have big sales at xmas and since chris ronnie took over they have been more aggresive. wads of pages of price amendments whereas before they were milder.

EX ebourne 945 here \o/
 
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JJB made £23 Million last week. According to the store's email systems as Chris Ronnie thanked each store
 
arknor said:
lol our local woolworths even had the fittings for sale :P there was a note saying if you like the fittings and furnishings talk to the manager :D
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lol my gran was saying someone had bought the fittings from the one where she lives :p
 
arknor said:
lol our local woolworths even had the fittings for sale :P there was a note saying if you like the fittings and furnishings talk to the manager :D
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My uncle was looking at buying the fittings from the one where he lives, he said they wanted too much money for them though.
 
Lets straighten a few things out shall we?!?! Argos isn't going anywhere. It's group, which includes Homebase make a very healthy amount of money and operate on big credit lines with their suppliers! They are going nowhere!

Second JJB and SportsWorld...whilst JJB is in bad shape I can vouch for Sportsworld not being in trouble.

Just because they have sales on, does not mean they are about to go pop!! They both operate on a similar business model, which is essentially to appear as a high street discounter.

They fact you see 70%,85% or 90% off the rrp means nothing! Do you know why because in Sportsworlds case they own or have a large stake in the "brands" they sell.

Obviously not including Nike Addidas etc. But again I can explain how they have those brands quite cheap too...they take inferior/less popular product lines, that say JD who operate at the other end of the sports retail market, do not take on.

In summary boys and girls..Argos and Sportsworld...(and probably JJB) will remain!
 
hi guys in went into la senza today and couldnt find anything i would personally want to wear so i reckon they are going to go bust next. they also had a sale on which obviously means thats it, they need money.
 
As far as I can tell Amazon are probably going to go bust soon, I'll explain why.

Amazon rely on credit to buy the goods that they fill up their huge warehouse with. But they can only pay this debt back when they sell the goods. My friend used to live near to the warehouse and he says that the credit crunch has taken a big bit out of their working capital and they can't afford to buy the goods anymore because the banks are collapsing and won't lend them money.

This is backed up because on the website I saw that on the 26th of December they started doing sales that were offering up to 65% off the price of items such as electronics, so I think they're doing it to get enough money to be able to sell off their shares and buy off their debts and so they're going to go bust.
 
Skull said:
As far as I can tell Amazon are probably going to go bust soon, I'll explain why.

Amazon rely on credit to buy the goods that they fill up their huge warehouse with. But they can only pay this debt back when they sell the goods. My friend used to live near to the warehouse and he says that the credit crunch has taken a big bit out of their working capital and they can't afford to buy the goods anymore because the banks are collapsing and won't lend them money.

This is backed up because on the website I saw that on the 26th of December they started doing sales that were offering up to 65% off the price of items such as electronics, so I think they're doing it to get enough money to be able to sell off their shares and buy off their debts and so they're going to go bust.
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Is this a joke?
 
This is the crappiest thread ever.

Not a single one of you are in any sort of position to make even a reasonable guess at which company is set to go next.
 
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