Manx1Bloke Posted January 15, 2012 Share Posted January 15, 2012 Telegraph says Peacocks, the clothing retailer, could be placed into administration as early as Monday after talks with banks about a possible debt “haircut” appeared to have reached an impasse. at least there will be some other quality fashion outlets left.... Link to comment Share on other sites More sharing options...
manxy Posted January 15, 2012 Share Posted January 15, 2012 The internet is killing the high street. Link to the Telegraph headline Link to comment Share on other sites More sharing options...
wheels Posted January 15, 2012 Share Posted January 15, 2012 Hurrah for shopiom.com! Link to comment Share on other sites More sharing options...
Twitch Posted January 15, 2012 Share Posted January 15, 2012 Hurrah for shopiom.com! Now run by 3 Legs Ltd by the look of it. Link to comment Share on other sites More sharing options...
manxy Posted January 15, 2012 Share Posted January 15, 2012 I completely forgot about shopiom.com Just a pity that there isn't a massive warehouse retailer on the island that is able to bulk buy and pass on the savings to the shops, who make a small profit and therefore sell goods cheaper than before. Link to comment Share on other sites More sharing options...
BernieM Posted January 15, 2012 Share Posted January 15, 2012 The internet is killing the high street. Link to the Telegraph headline The internet currently accounts for maybe 10% of retail sales; what is now adversely affecting high street retail are the 'big box' stores that locate on the periphery of urban centers, which seems to be pretty much what you are advocating only I doubt they would pass on any savings to competitors! I completely forgot about shopiom.com Just a pity that there isn't a massive warehouse retailer on the island that is able to bulk buy and pass on the savings to the shops, who make a small profit and therefore sell goods cheaper than before. Link to comment Share on other sites More sharing options...
Silentbob Posted January 15, 2012 Share Posted January 15, 2012 The place across from us had Peacocks and in the morning they woke me up, so the answer is yes. Link to comment Share on other sites More sharing options...
Manx1Bloke Posted January 16, 2012 Author Share Posted January 16, 2012 BBC business just said they have debts of £240million and that whilst talks are still continuing it could be closed down as early as tomorrow (Tuesday)...I wonder if they have paid their local rents in advance to Strand/Shoprite ?? Could there be some sell-off bargains to come?? Link to comment Share on other sites More sharing options...
Tarne Posted January 16, 2012 Share Posted January 16, 2012 Another shop I never frequented going bust. I swear that only shops that I actually visit stay in business these days... I'm shocked I tell thee, shocked! PS, when's HMV going bust? Their shares are worth around 3p at the min... Link to comment Share on other sites More sharing options...
woolley Posted January 16, 2012 Share Posted January 16, 2012 At this rate they could hand over the Strand Centre to MNH as a "retail museum". Link to comment Share on other sites More sharing options...
credente Posted January 16, 2012 Share Posted January 16, 2012 Just noticed in this report: http://uk.reuters.com/article/2012/01/16/uk-peacocks-idUKTRE80F0OZ20120116 that Bonmarche are part of ther same group, which could mean another empty shop in Strand Street. Link to comment Share on other sites More sharing options...
Passing Time Posted January 16, 2012 Share Posted January 16, 2012 Oh I do so hope that Primark come over in their place..... Link to comment Share on other sites More sharing options...
Moghrey Mie Posted January 16, 2012 Share Posted January 16, 2012 Oh I do so hope that Primark come over in their place..... Matalan would be a bit better. I hope they come. Link to comment Share on other sites More sharing options...
Tempus Fugit Posted January 16, 2012 Share Posted January 16, 2012 At this rate they could hand over the Strand Centre to MNH as a "retail museum". or a tumbleweed museum ! Link to comment Share on other sites More sharing options...
Jam_Sandwich Posted January 17, 2012 Share Posted January 17, 2012 The internet currently accounts for maybe 10% of retail sales; what is now adversely affecting high street retail are the 'big box' stores that locate on the periphery of urban centers, which seems to be pretty much what you are advocating only I doubt they would pass on any savings to competitors! Going to pull you up on this one as it's too vague. You can blame the fall of High Street on Increasing Rents, Increasing Business Rates, Out of town retail or shopping centres and in town parking fees.Internet shopping continues to grow despite the current economy. And due to rising living costs customers are getting wise to High Street prices and just not buying cheap imported tat in abundance like we used to. Combine this with a rapid decline in house sales due to unrealistic property prices and limited mortgages, purchase of in house furnishings and fixtures have also plummeted. Knock on effect after knock on effect. I've been a little vague in my reply admittedly, but I can't help but feel your blame of big box stores is a vague dig re: Pets@Home and a potential Currys/PC World either. Link to comment Share on other sites More sharing options...
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