New Look on the rocks

PiKe · 29 May 2018 at 16:44

How can they say no jobs will be lost as a result of store closures?

Scrutinize · 29 May 2018 at 17:17

PiKe said:
How can they say no jobs will be lost as a result of store closures?

Probably a high staff enough turn over and other stores nearby to accommodate within the group.

Every urban area near here has about 5-9 CPW stores including a couple in a pc world within a 3-6 mile radius. Plus typically 2-3 currys / pc world.

cheesyboy · 29 May 2018 at 17:23

cheesyboy said:
No it's not. It's owned by some Australian group who made a complete hash of the takeover. Totally ****** it up.

Probably won't go bust, they've got enough cash, but the brand might disappear

Homebase ^

Sold for a quid.

cheesyboy · 29 May 2018 at 17:25

Hades said:
Dixons / Carphone Warehouse / Curry's / PC World group in trouble now:

http://www.bbc.co.uk/news/business-44286924

They're not doing great, but not really in trouble: they're still making money, unlike some of the others we've seen disappear.

Freakbro · 7 Jun 2018 at 08:15

House of Frasier closing 31 stores as part of its CVA to get an influx of cash from it's chinese owners.

This on the back of M&S announcing 100 stores to close.

Looks like the high street is being hammered by the online market. Not surprising really, with the difference in overheads required.

glenimp617 · 7 Jun 2018 at 08:40

I said this over 5 years ago. Why sit in traffic for an hour, pay £7 car parking, walk through the high street to whichever shop you want to go in, take another 30mins trying to find a member of staff only then to be sold "sorry sir, that item is out of stock but we can order it in for you". Versus spending 5mins online and ordering it. Plus, if anything isn't right, it's much easier to return an item online than it is in store.

Rroff · 7 Jun 2018 at 08:48

Freakbro said:
Looks like the high street is being hammered by the online market. Not surprising really, with the difference in overheads required.

Not sure it is just the online market - last month or two people just don't seem to be spending generally not sure what it is - I think partly the inconsistent weather.

DXP55 · 7 Jun 2018 at 09:02

Have to admit I have never heard of New Look

I do live in the sticks.

StriderX · 7 Jun 2018 at 12:39

Why do some of these people work there for literally decades? Do they not realise that management couldn't give a **** about them? They are just numbers on a sheet inside an outdated accountancy program.

Theres a good reason why they usually get told they're fired by the News rather than their boss.

Daaaavvveee · 7 Jun 2018 at 12:55

StriderX said:
Why do some of these people work there for literally decades? Do they not realise that management couldn't give a **** about them? They are just numbers on a sheet inside an outdated accountancy program.

Theres a good reason why they usually get told they're fired by the News rather than their boss.

Maybe they are happy with their jobs?

glenimp617 · 7 Jun 2018 at 12:58

StriderX said:
Why do some of these people work there for literally decades? Do they not realise that management couldn't give a **** about them? They are just numbers on a sheet inside an outdated accountancy program.

Theres a good reason why they usually get told they're fired by the News rather than their boss.

To be fair though, most managers care more about the company/profits/themselves over their staff

even in the public sector, it's turning a bit nasty with all the government cuts starting to bite. Watch closely in 2019.

johnny6 · 7 Jun 2018 at 12:58

Scrutinize said:
Probably a high staff enough turn over and other stores nearby to accommodate within the group.

Every urban area near here has about 5-9 CPW stores including a couple in a pc world within a 3-6 mile radius. Plus typically 2-3 currys / pc world.

We had separate Curry's, PC World and Carphone Warehouse stores all within a 5 minute drive of one another. Curry's and PC World had been opposite each other for a good few years. Within the last 6-9 months all three have been consolidated into the Curry's store. I'm actually quite surprised it took so long to consolidate the stores into one to be honest, as it must make sense from an operating costs perspective.

glenimp617 · 7 Jun 2018 at 14:25

I've seen EE stores pop up in Argos. Think they must be sharing costs.

johnny6 · 7 Jun 2018 at 17:55

TheOracle said:
I've seen EE stores pop up in Argos. Think they must be sharing costs.

Our town centre Argos store shut up shop and moved into the big Sainsburys which is only slightly out of town. No doubt this saved the group money. From the consumers point of view it meant that Sainsburys reduced it's stock lines to accommodate Argos coming on board.

Rroff · 7 Jun 2018 at 17:57

TheOracle said:
I've seen EE stores pop up in Argos. Think they must be sharing costs.

It is the only way some of these places are going to survive in the face of online shopping and rising rent.

StriderX · 7 Jun 2018 at 17:58

Daaaavvveee said:
Maybe they are happy with their jobs?

Happy until the day they're told to get out, then some weirdo gets put on the news with the usual tears down their face "ave worked here my whole life, wah wah wah!".

Loyalty means nothing.

Hades · 12 Jun 2018 at 08:27

Poundworld went into administration yesterday.

New Look announced a profit fall of 20% including online sales. So clearly something else is going on with them rather than just an issue with the high street.

Edit: Poundworld (not Poundland).

glenimp617 · 12 Jun 2018 at 08:43

StriderX said:
Loyalty means nothing.

^ This

Rroff · 12 Jun 2018 at 08:43

Hades said:
So clearly something else is going on with them rather than just an issue with the high street.

People just don't seem to be spending money - 2017 was challenging but the last few months things have really stagnated for a lot of retailers.

insane200 · 12 Jun 2018 at 08:53

Hades said:
Poundland went into administration yesterday.

New Look announced a profit fall of 20% including online sales. So clearly something else is going on with them rather than just an issue with the high street.

Poundworld did, not Poundland.