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Old 14-03-2018, 17:04   #1461
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I saw Smyths was opening a new store in Preston though so they're doing OK
Not necessarily any indication of how well somebody is doing though, as Toys R Us opened a new superstore in Reading around Christmas.
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Old 14-03-2018, 17:06   #1462
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Toys R Us properly gone
The US arm is expected to follow this week too, no official announcement yet, but I would expect it to happen. There is talks that some company may take the US and Canada business, but it is really on a last lifeline right now.
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Old 15-03-2018, 11:20   #1463
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The US arm is expected to follow this week too, no official announcement yet, but I would expect it to happen. There is talks that some company may take the US and Canada business, but it is really on a last lifeline right now.
As expected, they entered full bankruptcy last night and are closing all stores (Toys R Us and Babies R Us).
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Old 16-03-2018, 10:33   #1464
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As an anti-faux posh restaurant, Wetherspoons doing pretty well

http://www.bbc.co.uk/news/business-43427852
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Old 19-03-2018, 16:19   #1465
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Seems Mothercare and Carpetright are close behind in closing down:

http://www.bbc.com/news/business-43458476

wonder if all the store closures will buy enough time.
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Old 21-03-2018, 17:27   #1466
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Old 21-03-2018, 17:50   #1467
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Haven't they been in trouble before?
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Old 21-03-2018, 17:53   #1468
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It is a "turnaround plan" after they were in administration or working with creditors already I think?
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Old 21-03-2018, 20:01   #1469
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It's not looking too good for Grainger games. Their credits been stopped. (for forum people in more depressed parts they are a very orange chain of game shops across the North of England.)

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Old 22-03-2018, 05:20   #1470
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It's not looking too good for Grainger games. Their credits been stopped. (for forum people in more depressed parts they are a very orange chain of game shops across the North of England.)

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The same problem as HMV? People not buying Physical stock these days but Digital downloads?
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Old 22-03-2018, 10:04   #1471
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Not been in a games shop in ages, the Grainger I walk past seems to want to be a pawn shop rather than a goto games shop
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Old 26-03-2018, 16:52   #1472
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http://www.bbc.co.uk/news/world-us-canada-43540708

Remington: Oldest US gunmaker files for bankruptcy
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Old 26-03-2018, 17:14   #1473
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It's hard to be too upset about that one.
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Old 26-03-2018, 18:54   #1474
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http://www.bbc.co.uk/news/business-43542813

2,000 jobs under threat at fashion chain
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Old 26-03-2018, 18:55   #1475
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It's hard to be too upset about that one.
indeed
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Old 27-03-2018, 07:01   #1476
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The same problem as HMV? People not buying Physical stock these days but Digital downloads?
Have you been in a Grainger Games recently? They have lost the plot, you can't move for those bloody stupid Pop Vinyl figures. The rot set in with the roll out of their 'Be More Geek' sideline of tat. When you have to diversify to that extent it is only a matter of time before things go tits up.

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Old 27-03-2018, 09:53   #1477
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A lot of companies seem to go tits up when they decide to diversify, people don't want video games, they want models of video games characters? Do we?

I remember Borders. Used to be a decent book shop on a retail park in Preston. Then it decided to diversify by getting rid of books and replacing them with

Magazines next to a WH Smith
Toys and Games next to Toys R Us
Coffee Shop
CD and DVDs

Turned into somewhere you'd go if you wanted a lesser selection of mags or games, and you went to Amazon for a book.
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Old 28-03-2018, 07:02   #1478
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It's presumably not because people don't want games, but enough people have gone digital only to make a bricks and mortar store selling only discs more difficult. Many people are also happy getting the big games from supermarkets. It's hard to see how an independent game shop could make much of a living without diversifying.
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Old 28-03-2018, 07:12   #1479
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If that is the case they should completely change their business. Rather than stay a game shop that doesn't sell many games become a memorabilia shop that happens to sell games as well.

They are totally confusing customers. Gamers stop going due to lack of stock and 'geeks' don't go because they don't know they are selling the additional stuff. Okay, in this instance there is a bit of an overlap.

When you have to diversify I still think your days are numbered. I can't think of anyone who has done it successfully.

Side note: My local city centre has an entire street of empty shops. M&S is closing, Krispy Kreme have gone, Greenwoods has gone, Pret are going. If it wasn't for Cotswold the whole side of this street would be empty:

https://www.google.co.uk/maps/@54.77...7i13312!8i6656
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Old 28-03-2018, 08:41   #1480
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:shrugs:

I'm not going to pretend to be Mary Porteous.
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