Which retail store going be next to go ??
- Thread starter chaparral
- Start date
Shouldn't at least one of the mobile shop chains collapse by now? At least one of the picky/weird ones, like Phones4U or something. With exception of Primani, Hollands & Barrets and a handful of usual NextGapTopZaraPink undersized clothing places most of small town highstreets are now mobiles, coffee/sandwich chains, paydayloan junk exchanges and poundshops. The latter three are safe in any economy, but how are mobile shops still afloat with everyone on iphones and gazillion year contracts?
I agree that their prices are expensive, I do wonder how they survive, they've been like that as far back as I can remember, 20 years ago.
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It's because of their Boots advantage card. It probably creates an impression that it's worth shopping there to get rewarded, and often you can stack vouchers and end up getting a decent whack of vouchers back. My girlfriend buys a lot of Clinique stuff and she waits until she has stackable triple points, 400 points extra etc and she ends up with a wad of points back. It's like landing a word on scrabble with multiple word and letter score
I think this is why Boots have done well.
Ah, my other half has one of these cards and shops there quite a bit, I guess that explains why!
Boots in London is doing very well as a cheaper Pret-a-manger alike fast lunch/sandwich place. Their express-like small branches are everywhere, on every station, every mall, in every terminal and most of that space appears to be dedicated to food, with ladies queueing for some sort of wet sandwich + dietcoke + bag of crisps offers.
3? only know of the one in vic center and outside broadmarsh, there is a gamestation near the bell on market square (same company)
Because people still use them, bizarrely. Almost everyone I worked with at my previous job seemed to go into the stores to upgrade their phone contracts, I could never understand it. I did point out a couple of times that you nearly always get better deals by phoning them or looking online, but stupid people tend to ignore good advice.
Staples for the public market however they will still be functional for business users as said before as there stores are always quiet.
Game as they are still overpriced, and still need to sort things out, there are 2 in Lincoln with less than a 5minute walk between each.
Would probably say WHsmiths aswell.
Game as they are still overpriced, and still need to sort things out, there are 2 in Lincoln with less than a 5minute walk between each.
Would probably say WHsmiths aswell.
[TW]Fox;23575863 said:I think of all the suggestions in this thread the only credible ones seem to be some of the random furniture chains or Maplins. Everyone else seems to be just listing stores they don't personally like or buy from on the time honoured assumption that everyone else thinks like them.
Thorntons looked shakey, infact they may already have been through administration, but the current plan appears to be one of gradually changing into a coffee chain which sells chocolate and coffee chains are currently a significant growth market.
Clinton and GAME both went into administration last year as a result of massively excessive store portfolio. They've since emerged having been able to trim all the fat and should therefore be reasonably well place going forward.
Argos have significant cash reserves. The very fact people keep saying 'they are in big trouble!' despite the fact they are delivering above expectation profit kinda sums up the sentiment on here, people just seem to blurt out random stores with little attempt made to do any background research? I'm suprised nobody has said ADAPT OR DIE yet, or have they?
Waterstones? I do like the quaint idea that everyone has a Kindle so nobody uses bookshops but it certainly doesn't seem to be the case. If they were going to go they'd have gone before now - don't forget the high streets enemy Amazon was originally books only so they've been whethering competition from Amazon for 15 years now.
Can I plus one this?
BTW Thorntons recently signed a big contract with Argos and another retailer - so that will probably secure them for a bit longer atleast. (Not really too convinced by it as Argos isn't exactly the place people go to to buy Thorntons but there we are).
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Indeed, Curry's aren't leaving the high street anytime soon it seems.
When I go into my local store they are always full.
Company is now at its strongest since the recession in '08 as far as I can tell, we arnt going anywhere
Also high street stores wont be going anywhere, come look at the metro centre branch
Being at its strongest since the recession in 08 doesn't really say anything
but yeah I don't think the company is going anywhere in the immediate future but they are definitely having to do a lot of restructuring in order to survive. Seems I'm a bit out of sync between their business plans going forward on paper and whats actually been carried out tho.Why do people keep mentioning Argos? They're one of the few growing companies, and even more importantly their business model adapts very well to digital format.
Thorntons won't go bust, but they might have to close more stores and concentrate on supermarket sales of their brand (which are growing).
Curries should be fine, they had an increase in sales over christmas despite Dixons having closing down sales.
WHS smith might have to restructure a bit, but they won't disappear either, if only because of their airport stores.
Game is changing very slowly, and we will probably see it in further trouble before the year is out. A new generation of consoles might keep it afloat for a while though.
Maplins would be my best bet as to who might go next.
Thorntons won't go bust, but they might have to close more stores and concentrate on supermarket sales of their brand (which are growing).
Curries should be fine, they had an increase in sales over christmas despite Dixons having closing down sales.
WHS smith might have to restructure a bit, but they won't disappear either, if only because of their airport stores.
Game is changing very slowly, and we will probably see it in further trouble before the year is out. A new generation of consoles might keep it afloat for a while though.
Maplins would be my best bet as to who might go next.
Soldato
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Exactly, as the articles state they got the click and collect right. One of the few retailers who embraced apps properly to easily purchase.
I think one of the things that people are missing is that a lot of the companies going under about now are due to "death by debt" - companies like Argos currently aren't exposed to it so its unlikely to bring them down.
Through the first quarter is when typically a lot of retailers have to face upto the realities of their financial obligations, when contracts are renewed or new ones made, rent paid out, loans paid/deferred/managed and so on. A good peak trading result can mean a company has the cash and or financial status to borrow money to continue trading into the next year, poor peak trading for an already struggling company can mean that they lack the cash to renew store rents where applicable, pay back loans, etc. and investors, creditors, etc. may call time.
A company like Argos with a ton of cash in the bank and outright owning many of their stores just isn't exposed to it the same way.
(And thats before you even look at the specifics of business models and as mentioned above Argos is one thats been far more on the ball in adapting their business model).
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Associate
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Whsmith do very well at their airport locations so I think not.