Fulford
Vital Football Legend
add in Mike Ashley and there you have it
Yes, everything he touches turns to shit.
add in Mike Ashley and there you have it
TBF though Martin in these times of extreme uncertainty that seem like sound business sense to me awful lot of rent being saved whilst safe guarding 100s of jobs.Our go-to shop if the toaster or kettle breaks Argos, haven't been in a Sainsbury's in the last 30 years. Nothing against them apart from they are more expensive than ASDA and we always have lived nearer to an ASDA.
Fashion chains Peacocks and Jaeger have fallen into administration, putting more than 4,700 jobs and almost 500 shops at risk.
It comes after owner Edinburgh Woollen Mill Group failed to find a buyer for both businesses.
https://www.bbc.co.uk/news/business-55004019
Depressing read here on the economic impact of the pandemic on Birmingham as a city.
https://www.theguardian.com/uk-news...ns-second-largest-city-reached-breaking-point
Funnily enough I had just read that article, and was going to post the link.Interesting, and as you say, depressing reading. Can't see that cities like Manchester, spending equally as much on improvements and regeneration, won't be just as hard hit really, but that doesn't negate the fact, Brum amongst so many, could take a decade or more to recover from this.
Sir Philip Green's retail empire Arcadia, which includes Topshop, Burton and Dorothy Perkins, is understood to be on the brink of collapse.
Sir Philip had been in talks with potential lenders about borrowing £30m to help the business through Christmas.
However, these talks have failed and administrators could be appointed on Monday, putting 13,000 jobs at risk.
https://www.bbc.co.uk/news/business-55099374
An analyst on Sky has just said that Philip Green is more interested in keeping his personal wealth than rescuing his own business and couldn't care less about the staff.
Yes, it is back to the wider debate we've had a few times in this thread isn't it?
As you say, much like BHS and others, the brands have had their day, they haven't adapted, there is no added value going out to the shopping centre or high street, with high parking charges, if you can get a parking space, traffic wardens ruining the day out with charges, queues etc.
Unless I was very wealthy and could go to the exclusive places, tailored suits etc, I can't see any value to me going out to shop, when I can do it online, at an hour that suits me, I can spend time looking and comparing prices and so on. Only caveat to that, I like going food shopping so I can select the freshest fruit and veg and also, to be truthful, get out into the real world.
The High Street/Shopping centres have really not kept up and offer nothing nice to entice me as a consumer through their doors.
The shopping centres here have become much more like leisure complexes with a lot of restaurants, coffee shops, cinemas and entertainment outlets. People tend to go for the day out rather than popping in to grab one thing and then leaving.
Mike Ashley wants to buy Arcadia's brands.
That's definitely the end of them then.