Retail sector - still sinking fast
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Retail sector - still sinking fast
In the last 7 days Habitat, Moben and Jane Norman have all gone into administration.
There won't be any shops left soon, but as long as we are doing some trade deals with China then all is well
There won't be any shops left soon, but as long as we are doing some trade deals with China then all is well
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I'm trying to leave my ship ASAP but no feckin company wants me. I've even applied to become an apprentice electrical engineer but it looks like I'm too "old" at 25 ffs.
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Habitat - Massively over priced, average quality furniture and home wares.
Moben - Massively over priced kitchens.
Jane Norman - No idea as I'm no a girl
High street retailers have got to move with the time to succeed. For the consumer the Internet was a massive blessing, we now have the tools at our fingertips to research any purchase and find the most competitive prices. Either match these on the high street, or provide real value added services to the consumer.
What is positive I think is it allows the smaller independent retailers to compete with the big players at a national level. As they don't have the overheads of these mega shops the can afford to significantly undercut them and still make a profit. For example I'm consider a new TV purchase at the moment - Currys £2k, independent £1.5k, why would anyone ever buy from Currys again?
The big supermarket chains also have an interesting sales concept. I don't often go there to buy clothes, a electrical gadget, book etc., I go to buy food. The have however been a number of occasions when I've come away with more than expected, be it a T-shirt or a TV.
The old fashioned stores need to innovate to get the customers flooding back through their doors. I think there may be more to follow
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#8
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What is positive I think is it allows the smaller independent retailers to compete with the big players at a national level. As they don't have the overheads of these mega shops the can afford to significantly undercut them and still make a profit. For example I'm consider a new TV purchase at the moment - Currys £2k, independent £1.5k, why would anyone ever buy from Currys again?
People dispise these chain stores - at least non-chav people anyway. Considering our local retail park is full of the type that either caused the credit crisis and haven't been perturbed or those that think the crisis occured in another country. Chock to the gills with X5, RR sports, MINI and a walking advert for Next (I think Next clothes are absolute sh1te quality)
Why not ditch the large shops, take on small shops in town - even the old woolworths shops. Get employees that at least look like they give a **** and don't make them sales dependent so they stiff old ladies into 60" 3D plasmas. It would make so much more sense to complete redesign the brand and the ethos. Build a snag proof delivery service - even offer a discount if ordered online BUT in store on store provided PCs so at least you got them in through the front door.
Only thing that will truly save town centre economy is to remove business rates to new start ups for 2/3 years. If they can't cope with the rates after then they were never going to work anyway. Our rates our £3,500 and thats cheap even for a west wales market town. Over 2 years £7,000 would make such a difference to investment in bringing the business on a pace. You know the rate is coming in so you can work into the figures - it's just that initial relief for 24 months would make such a difference.
Yes it's easier to go online and yes it's cheaper but if you knew you would get a better level of service and you only had to pop into town rather than trek to some soulless retail park people might actually bother with the high street again.
Last edited by EddScott; 27 June 2011 at 04:14 PM.
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I just don't get why these large chains insist on going to out of town retail parks - I assume wheels are greased in the first place to get the things built (most people agree they are bad for town centres) BUT these large retail outlets must come at a price to the business letting the property.
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Also councils often get "sweeteners" for these large out of town shops, investment and funds for local amenities, new parks, libraries and bringing in custom/business from other surrounding areas, redevelopment of disused land generating revenue for the council, etc.
#18
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Difficult when town centre have limited capacity and would limit commercial viability for certain businesses. You would not be able to open a Tesco Extra in a town centre for example or an Ikea, there isn't the space nor road capcity to deal with increased traffic.
Also councils often get "sweeteners" for these large out of town shops, investment and funds for local amenities, new parks, libraries and bringing in custom/business from other surrounding areas, redevelopment of disused land generating revenue for the council, etc.
Also councils often get "sweeteners" for these large out of town shops, investment and funds for local amenities, new parks, libraries and bringing in custom/business from other surrounding areas, redevelopment of disused land generating revenue for the council, etc.
Councils may well get sweetners but at what long term cost? They are allowing the town centre to fail in favour of those horrible Wannabe Worlds.
I'm sure if Currys halved it's floor plan, reduced it's costs, made an effort to not employ retards and developed a flawless delivery service they would bouncing around on the verge of administration. Most go to Currys to view the item first hand then go buy cheaper online. Obviously they can't fit as much into a little store but good informed sales persons should be able to guide customers through brochures or online examples. Then have an online booking system where customers can purchase the item online in store with a little discount - or at least price match.
I have a vested interest in town centres as my wife has a hair salon in town. Luckily, folk go into town specifically for their hair and it's not something that can be done online It does mean "walk ins" are lower.
Local council is a bunch of corrupt w*nkers anyway. Millions of pounds spent on plush offices and the local schools are falling apart. W*nkers!.
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#28
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If HMV goes to the wall, which looks likely in the near future, there wont be a music store on the high street!
I remember when my local shopping mall (Merry Hill) had Our Price, Music Junction, HMV and Virgin all under one roof! How times change.
I remember when my local shopping mall (Merry Hill) had Our Price, Music Junction, HMV and Virgin all under one roof! How times change.