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Extra 45,000 UK retailers in financial distress this Christmas
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Topic: Extra 45,000 UK retailers in financial distress this Christmas (Read 3527 times)
TightEnd
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Extra 45,000 UK retailers in financial distress this Christmas
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December 21, 2017, 09:55:01 AM »
Extra 45,000 UK retailers in financial distress this Christmas
Snow and consumer spending squeeze affect number of shoppers on high street, while Toys R Us may enter administration
https://www.theguardian.com/business/2017/dec/20/retail-christmas-retailers-financial-distress-snow-consumer-spending-squeeze?CMP=twt_gu
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nirvana
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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Reply #1 on:
December 21, 2017, 12:03:43 PM »
Quote from: TightEnd on December 21, 2017, 09:55:01 AM
Extra 45,000 UK retailers in financial distress this Christmas
Snow and consumer spending squeeze affect number of shoppers on high street, while Toys R Us may enter administration
https://www.theguardian.com/business/2017/dec/20/retail-christmas-retailers-financial-distress-snow-consumer-spending-squeeze?CMP=twt_gu
Be interesting to see the final total consumer spending stats - pretty confident that business models like Toys R Us can't survive the online impact in their present form.
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tikay
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 21, 2017, 12:11:51 PM »
Quote from: nirvana on December 21, 2017, 12:03:43 PM
Quote from: TightEnd on December 21, 2017, 09:55:01 AM
Extra 45,000 UK retailers in financial distress this Christmas
Snow and consumer spending squeeze affect number of shoppers on high street, while Toys R Us may enter administration
https://www.theguardian.com/business/2017/dec/20/retail-christmas-retailers-financial-distress-snow-consumer-spending-squeeze?CMP=twt_gu
Be interesting to see the final total consumer spending stats - pretty confident that business models like Toys R Us can't survive the online impact in their present form.
Correct.
It's not that we are spending less, or not much less, just we spend it different ways these days - Online, for example. High St Betting Shops are a great example, Online is so much easier, & more convenient.
Imagine how much revenue a site like Amazon.com must generate. And pretty much all of that would have been spent on the High Street 10 years ago.
Bricks & mortar shopping will continue to decline, & those who only have the B &M format will see revenues fall more & more.
Even Supermarkets now have Online versions. Who'd have thought that 10 or 15 years ago when Tesco & Sainsbury & the like were falling over each other to build more & more B & M outlets?
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tonytats
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 21, 2017, 12:14:13 PM »
Last year saw a courier from amazon knocking at our door - as the bell don’t work ! Most days in December
This year neither myself or GF has ordered one item from them ?
Most bizarre
John Lewis n the card factory shops I’ve visited for xmas ,plus a bit on e bay
Morrisons Aldi n Lidl for groceries daily / weekly basis
But Sainsbury’s for the main luxury food for xmas
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Tractor
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 21, 2017, 08:31:08 PM »
Quote from: tonytats on December 21, 2017, 12:14:13 PM
Last year saw a courier from amazon knocking at our door - as the bell don’t work ! Most days in December
This year neither myself or GF has ordered one item from them ?
Most bizarre
Interesting, any reason why?
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mikeymike
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 21, 2017, 08:48:54 PM »
Having had several retail outlets myself - I saw the profit margins falling like a brick year on year over the past 10 years.
Each shop was costing us 1k a week to just open the doors - I said to the Mrs the day they stop making a profit we will close them down and that's what we did 3 years ago.
Eateries seem to be one of the few businesses that will survive and grow - hairdressers and charity shops.
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vegaslover
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 22, 2017, 04:31:34 AM »
Shops are just too expensive to run, rent and rates far too expensive to make them viable.
I used to always use Amazon but find them pretty expensive for a lot of stuff nowadays
Supermarkets just incred use of their B&M presence to sell online. They stock hardly anything but sell virtually everything via click and collect
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tonytats
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 22, 2017, 05:18:58 AM »
Quote from: Tractor on December 21, 2017, 08:31:08 PM
Quote from: tonytats on December 21, 2017, 12:14:13 PM
Last year saw a courier from amazon knocking at our door - as the bell don’t work ! Most days in December
This year neither myself or GF has ordered one item from them ?
Most bizarre
Interesting, any reason why?
The GF got me to look on e bay more ,maybe I’ve / we’ve bought less ,it doesn’t feel that though
I did have the thought of everything I buy off amazon is +£2/3.99 delivery and maybe avoided them subconsciously!
I’m not a march round the shops merchant either - only for groceries ,I do all the food shopping at 3 shops generally Aldi Morrisons Lidl
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TightEnd
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 27, 2017, 10:18:03 AM »
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ripple11
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 28, 2017, 12:36:06 PM »
I have 2 young boys....but haven't been in a Toys R Us for ages. On a cold wet Sunday we might wander out to them for a look round, and possibly buy something small, but that's it.
Boys usually choose online...we order online to pick up nearby or have delivered to work.
Its tough on the high street nowadays....our business rates and rent in west london are both going up by 50% over the next few years. We are fortunate that customers have to come to us to receive our product, otherwise curtains.
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mikeymike
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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December 28, 2017, 12:48:09 PM »
Ripple - out of interest what product do you sell.
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vegaslover
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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Reply #11 on:
December 28, 2017, 10:10:55 PM »
Quote from: ripple11 on December 28, 2017, 12:36:06 PM
I have 2 young boys....but haven't been in a Toys R Us for ages. On a cold wet Sunday we might wander out to them for a look round, and possibly buy something small, but that's it.
Boys usually choose online...we order online to pick up nearby or have delivered to work.
Its tough on the high street nowadays....our business rates and rent in west london are both going up by 50% over the next few years. We are fortunate that customers have to come to us to receive our product, otherwise curtains.
I had the 'delight' of going to both Smyths and Toys R Us yesterday, Smyths pissed it for range and price
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strak33
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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Reply #12 on:
December 29, 2017, 10:20:04 AM »
Toys R us is not even a fun/slightly magical place to be anymore , for children or adults IMO
It felt like just a warehouse filled with toys , staff were miserable , labeling unclear and alot of items were strewn all over the store and it felt messy.
On more than one occasion the price from toys r us has been beaten by Argos , Tesco etc this year when i have checked.
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ripple11
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Re: Extra 45,000 UK retailers in financial distress this Christmas
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Reply #13 on:
January 05, 2018, 07:10:35 PM »
Quote from: mikeymike on December 28, 2017, 12:48:09 PM
Ripple - out of interest what product do you sell.
The product is "speaking English"
......I have a language school that teaches foreign students.
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