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Old 10-05-2018, 16:12   #1501
jockosjungle
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Gameseek seem to have gone, taking your money with them. Get on to your CC company if you have anything outstanding.
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Old 10-05-2018, 16:24   #1502
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That's a shame. I have to admit they always seemed a little amateur when dealing with them in the past though.
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Old 12-05-2018, 20:46   #1503
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Poundworld are up for sale and looking to shed stores, so even the low end is doing badly. Not really sure any traditional retail shop is doing well.
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Old 17-05-2018, 06:42   #1504
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Spend your Mothercare vouchers if you have any, certainly don't let them keep hold of the pram until the baby is born!
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Old 17-05-2018, 07:37   #1505
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Poundworld are up for sale and looking to shed stores, so even the low end is doing badly. Not really sure any traditional retail shop is doing well.
Hardly a surprise. Ever been in one? Makes Heroin Foods look upmarket.
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Old 17-05-2018, 14:06   #1506
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There used to be one next door to work, the last thing open in a row of shops where everything was closed. Was OK for a tin of pop. But certainly the worst of the poundshops.
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Old 22-05-2018, 17:12   #1507
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Tesco Direct to close.

https://www.theguardian.com/business...e-tesco-direct
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Old 23-05-2018, 11:49   #1508
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Always thought the Tesco Direct website was hard to use, unless I was taken direct to a product from Google.

Shame about Gameseek, remember meeting the lad when he first started as needed games for Xmas so drove and collected from him.

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Old 23-05-2018, 15:05   #1509
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Shocked about Tesco Direct. More closures at M&S and profit warning
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Old 25-05-2018, 10:59   #1510
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Not actually closing/bankrupt, but I see Homebase has been sold for £1 to Hilco. Store closures expected.
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Old 25-05-2018, 11:20   #1511
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Not actually closing/bankrupt, but I see Homebase has been sold for £1 to Hilco. Store closures expected.
https://www.theguardian.com/lifeands...in-the-uk-ever

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“Homebase is undoubtedly the most disastrous retail acquisition in the UK ever,” says GlobalData’s retail analyst, Patrick O’Brien. “I can’t think of a worse one that has made these kinds of losses so quickly.
This article is worth a read
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Old 25-05-2018, 14:54   #1512
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Has Homebase ever not been on it's backside? It seems to constantly be shutting stores and being sold.

I sometimes wonder who advises these people to buy, but I think there must be money to be made in buying for a quid, shedding all the but the few profitable stores, and then selling it on to some foreign sucker.
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Old 11-06-2018, 11:30   #1513
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https://www.bbc.com/news/business-44436435

Poundworld in administration, and as they have been up for sale for a long time with no takers, but guess is not looking good. I am sure if sold, it will be for £1
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Old 11-06-2018, 13:07   #1514
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It would be interesting to go back through this thread and collate a full list of the companies that have gone bust in the last 10 years.
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Old 11-06-2018, 13:36   #1515
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I genuinely think if anyone owns shares in any retailer who isn't Amazon to seriously think about selling them, nobody seems to be doing very well. I'm expecting a string of profit warnings blaming nice weather and the Royal wedding.
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Old 11-06-2018, 16:22   #1516
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Poundland is still in profit. So it looks like bad management from the US firm that bought it 3 years ago.

I imagine the original owner will pick it up again.

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Old 11-06-2018, 16:47   #1517
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It doesn't seem to take a genius to see where they go wrong. There seems to be little or no thought put into any of the new stores or where they're placed (dead retail parks seems to be where they like them).

Pick a thriving high street where people might like a poundshop and stick one in there (preferably not in between Poundland and the 99p shop).

They all just seem to have pretensions to be massive, when they'd do a lot better just being large.
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Old 11-06-2018, 23:28   #1518
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I agree. Poundland seem to have much the better locations in most places I have been, and Poundworld seem to have many stores in out of town locations and rarely have any customers in. It also doesn't help that it seems that half the shop isn't £1 and a lot of the stuff can be bought cheaper in B&M etc. There also seems to be a lot more branded stuff in Poundland, which creates the impression they are a better shop.
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Old 12-06-2018, 11:24   #1519
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It doesn't seem to take a genius to see where they go wrong. There seems to be little or no thought put into any of the new stores or where they're placed (dead retail parks seems to be where they like them).

Pick a thriving high street where people might like a poundshop and stick one in there (preferably not in between Poundland and the 99p shop).

They all just seem to have pretensions to be massive, when they'd do a lot better just being large.
It doesn't help that the local councils charge such high rents. We had a decent bargain shop in one of our shopping areas and the council upped the rent. They couldn't afford to pay the increase and closed down. The shop space was empty for years.
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Old 13-06-2018, 09:28   #1520
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All the £1 shops have effectively painted themselves into a corner with the £1 or 99p limit, which, even with minimal inflation, is going to severely impact on what stock they can offer.

Many non chain shops are now 99p+ shops, and for sheer chutzpa, the prize must go to a shop in Shepherd's bush called "99p+ or less" - i.e. each item has a price.

What they should do (for example) is have something like a 'Colourland' shop, where they offer things at 50p £1, £1.5, £2, each coded with a different colour, to give them the flexibility to offer good deals at a variety of prices without it seeming like a ****-take in a shop with 'pound' in its name.
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