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Old 02-01-2015, 10:34   #1261
jockosjungle
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Originally Posted by Barnacle View Post
My local WH Smith now contains a Post Office (by reducing the size of the stationery sections). The books are much more expensive compared to Sainsbury's (which is quite close by).
Well that's the issue, I can pretty much get anything I'll ever need in Sainsbury's, my food shop, clothes, stationery, the books are always half price and for everything else there is Amazon.

In Warrington they're about to do a huge redesign of the high street, seems fundamentally a waste of time, as some newer shops isn't really going to help the fundamental issues.
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Old 02-01-2015, 10:41   #1262
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I can't remember the last time I went in a WH Smiths. They seem well past their sell by date.
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Old 02-01-2015, 11:02   #1263
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Losing Smith's would be devastating for smaller magazine publishers. Things like Tractor Fan and VW Beetle News have no other outlets.
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Old 02-01-2015, 11:41   #1264
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Originally Posted by rbullivant View Post
Well that's the issue, I can pretty much get anything I'll ever need in Sainsbury's, my food shop, clothes, stationery, the books are always half price and for everything else there is Amazon.

In Warrington they're about to do a huge redesign of the high street, seems fundamentally a waste of time, as some newer shops isn't really going to help the fundamental issues.
Some people will tell you that they have you over a barrel as you only buy from 2 zhops so they can charge what they like but while ever they have competition,they wont.
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Old 02-01-2015, 11:42   #1265
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Originally Posted by douglasb View Post
Losing Smith's would be devastating for smaller magazine publishers. Things like Tractor Fan and VW Beetle News have no other outlets.

I deliver a lot of obscure titles to people's doors.
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Old 02-01-2015, 11:44   #1266
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Losing Smith's would be devastating for smaller magazine publishers. Things like Tractor Fan and VW Beetle News have no other outlets.
They've got the internet.
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Old 02-01-2015, 11:49   #1267
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Losing Smith's would be devastating for smaller magazine publishers. Things like Tractor Fan and VW Beetle News have no other outlets.
They will have to turn to the subscription model.

Admittedly that does not help with finding new readers.

In reality, the specialist magazine market is dying, anyway, as their advertisers either move to the web or go out of business (because the don't operate effectively on the web), and their readers turn to forums where they can get answers to their specific questions and have a voice, themselves, if they wish.
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Old 02-01-2015, 12:02   #1268
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Will WH Smiths last the year? Looks like a dying business model to me.
Well when a store inside a railway station has the latest mags on the day of release but neither a high street store nor the one in Westfield London has any new issues you scratch your head and sigh. The Magazine and Publishing Industry as print media in general is dead as a dodo and been on life support since at least 2008. Future Publishing are on the verge of going belly up and sold off and closed down a lot well known publishing marques. In-store Post Offices keep the larger stores afloat alone though.

WH Smith must have some cash down the back of the sofa however to hold a partial stake and support in Kobo (In-Store is very half arsed though) and now own Modelzone which again they seem to run in half arsed manner in their stores. They also bought up all the competition and run their business as monopoly which meant their standards lapsed over the years.

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Old 02-01-2015, 20:30   #1269
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They have been running the high street WHS non post office stores for cash for years, so most profit for minimum cost and as leases come up for renewal closing unless they get very good deals. If you look at their financial results they are maintaining profit on shrinking sales in the high street. My local store looks more and more tatty plus with the introduction of self service tills they only need one person out on the shop floor so must be cutting back on labour.

As others have said it is the travel stores which keep them going selling full price books, magazines, food and drink to desparate travellers. They have been opening in more non traditional places like hospitals taking over the old papers and sweets concession. Again a captive audience who will pay top price.

They also seem to be aggressively expanding overseas as over the last few years they took over the local equivalent stores in Stockholm and Copenhagen airports. Plus haven't they opened as far away as US, Middle East and Australia again in travel sites.
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Old 02-01-2015, 22:49   #1270
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They are opening, or have opened, a franchise in Russia too.
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Old 03-01-2015, 07:47   #1271
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Isn't the rent on such concessions very high though? I'm not sure they do much better tbh
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Old 03-01-2015, 08:48   #1272
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Isn't the rent on such concessions very high though? I'm not sure they do much better tbh
Well, if we are being completely honest, you really can't be sure either way since you are not privy to the relevant figures.

The fact that the railways seem to have absolutely no trouble shifting these patches would tend to indicate that the massive amount of passing traffic adequately compensates for the rental cost.
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Old 03-01-2015, 11:09   #1273
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Well, if we are being completely honest, you really can't be sure either way since you are not privy to the relevant figures.

The fact that the railways seem to have absolutely no trouble shifting these patches would tend to indicate that the massive amount of passing traffic adequately compensates for the rental cost.
Also they may be helped as Network Rail and the airports need a variety of stores. Not everything can be a premium price sandwich store. Therefore WHS and Boots have the unique product range they need in their business areas. They need somewhere selling newspapers and magazines which is where WHS come in as they have the infrastructure to run this type of store and economies of scale with their existing retail stores, something no competitor has. The last one was probably John Menzies which WHS bought years ago.
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Old 06-01-2015, 19:07   #1274
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Bank Fashion now in administration

http://www.bbc.co.uk/news/business-30685507
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Old 30-04-2015, 22:23   #1275
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The car version of Brighthouse have closed, Carcraft

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Old 22-01-2016, 07:05   #1276
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Brantano.

http://www.bbc.co.uk/news/business-35377799
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Old 22-01-2016, 07:43   #1277
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Presumably these investment companies make money regardless, presumably they sell off assets or something?
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Old 22-01-2016, 11:05   #1278
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Brantano sold/sell some right cack though, they started off ok and then slowly started trying to sell full price off brand shoes and shop seconds.

Oh well another big hole left in my local retail park, Jessops store have been vacant since they went bust.

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Old 22-01-2016, 13:10   #1279
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Yeah, and the branded stuff was always cheaper elsewhere.

They looked like they should be cheap. But you could get Clarks shoes cheaper from Clarks.
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Old 27-01-2016, 22:31   #1280
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Xtra-vision. Gone!

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