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leonardratso

Deceased Zombies, small and large

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Sorry to carry on a tos subject but i used to like reading the who will collapse next thread, so i thought id carry on here if anyone else is interested.

Starter for 1, a tiddler and probably not helped by HOF:

Henri Lloyd goes into administration

https://www.plymouthherald.co.uk/news/plymouth-news/henri-lloyd-administration-truro-falmouth-1655217

looks like venger might have written the story as well hahaha.

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I liked that thread as well Lenny.The only problem I have now is that I used to go on ToS to access the deflation thread,post,read post etc.Then I'd have a flick through the other news.

Now when I'm off,over the last two three days,I've not been on it much.

 

Hence,I'll miss some the great threads they had on there.

 

Count's collapse thread was good.So an excellent idea to revivie. it here.

 

We'll stick House of fraser on

https://www.theguardian.com/business/2018/jun/08/house-of-fraser-landlords-cva-rent-cuts

and Poundworld too.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwiWt4Tw7sTbAhXGLsAKHUc-C_gQqUMIMTAA&url=https%3A%2F%2Fwww.bbc.co.uk%2Fnews%2Fbusiness-44398352&usg=AOvVaw3tiaht6VpMENftRqnqEtHb

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the predictions were awsome on TOS at times, some were sage like and many months before it happened, i think some were just anecdotal as well, ie people dossing around town and seeing empty\unkempt\out of date large  dept stores, i think debenhams and john lewis were mentioned a lot.

I have seen it a lot here where i live, single sole trader type stores that suddenly get cut in half and the other half being rented to another business, then the original business eventually disappears and the tanning salon/nail bar that took the other half suddenly expands into the original full store.

I used to talk to a guy that i bought my car tyres off years ago, he was telling me his younger wife ran her own 'beauty salon/nail bar' place and that he was bank rolling her, i went there for years, then i remember my last visit before i moved away, he said business wasnt so good and the tables had turned and now she was bank rolling him, i should have seen the signs then, that was 2008ish and realised that hard productive work was dead and frivolous liesure activites were the new 'oil' business.

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I'm getting quite excited about watching the EAs metaphorically slit each others throats over the next few years.

The High St will be empty without them.

Can't wait for the day Countrywide-I've suffered at their hands- and Foxtons bite the dust.

For once,I will have little sympathy with them losing their jobs.

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21 hours ago, leonardratso said:

Sorry to carry on a tos subject but i used to like reading the who will collapse next thread, so i thought id carry on here if anyone else is interested.

Starter for 1, a tiddler and probably not helped by HOF:

Henri Lloyd goes into administration

https://www.plymouthherald.co.uk/news/plymouth-news/henri-lloyd-administration-truro-falmouth-1655217

looks like venger might have written the story as well hahaha.

Ironically I walked past their concession when I went into our local (closing) HoF this morning. Didn't buy anything as £80 for a shirt is taking the mickey...

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worth every penny, if you read the comments on that plymouth rag, youll see people complaining that it was just too cheap and high quality to stay open. I think thats what they meant anyway.

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Henri Llyod? wow surprised anyone besides chavs (buying knock off ) and upper-middle class wankers (the same who buy ralph lauren) buy this over-priced shite.

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7 hours ago, JFK said:

Henri Llyod? wow surprised anyone besides chavs (buying knock off ) and upper-middle class wankers (the same who buy ralph lauren) buy this over-priced shite.

They sold some good boaty stuff.

Just not as good as Musto.

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4 hours ago, Cunning Plan said:

These are what you really need.

(And yes, amazingly they do come in yellow)

fmft018_true_navy_1.jpg?sw=1340&sh=1340&sm=fit

My boaty boots come in yellow too

C661343.jpg

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to tell you the truth i doubt henri lloyd would have survived anyway, far too niche, im sure we will see plenty of these batty places positioned to sell overpriced crap to posh dicks hit the skids.

M&S just dodging a bullet for now, im sure the reaper will be back for them at some time.

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1 hour ago, leonardratso said:

to tell you the truth i doubt henri lloyd would have survived anyway, far too niche, im sure we will see plenty of these batty places positioned to sell overpriced crap to posh dicks hit the skids.

M&S just dodging a bullet for now, im sure the reaper will be back for them at some time.

That isn't quite right.

Nothing wrong with being niche in the right location.

The problem is, like many of their ilk, they're not selling to the posh dicks (any more).  They're selling (in greater quantities) to the nouveau-posh-dicks who have greater wealth through a quirk of economics and want to pretend to be the posh dicks.  What happens next is those new-dicks lose their cash and the income fades away.  And, worse, they find their old traditional customers don't come back, as they've alienated them.

[Maplins was like this -- they had incredible loyalty from their traditional customers, but then squandered it because it was easy money to rip-off the new lot of customers.  Sadly, they didn't notice that they'd pissed off their traditional customer, so when the economy turned there was no customer left]

M&S is an interesting one.  50:50 whether they go to the wall or survive and then prosper in the next economic cycle.

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16 minutes ago, dgul said:

That isn't quite right.

Nothing wrong with being niche in the right location.

The problem is, like many of their ilk, they're not selling to the posh dicks (any more).  They're selling (in greater quantities) to the nouveau-posh-dicks who have greater wealth through a quirk of economics and want to pretend to be the posh dicks.  What happens next is those new-dicks lose their cash and the income fades away.  And, worse, they find their old traditional customers don't come back, as they've alienated them.

[Maplins was like this -- they had incredible loyalty from their traditionial customers, but then squandered it because it was easy money to rip-off the new lot of customers.  Sadly, they didn't notice that they'd pissed off their traditional customer, so when the economy turned there was no customer left]

M&S is an interesting one.  50:50 whether they go to the wall or survive and then prosper in the next economic cycle.

Fair enough.

Any one have any other none retail blowers? must be some of those ready for the chop.

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Posted (edited)
1 hour ago, leonardratso said:

Fair enough.

Any one have any other none retail blowers? must be some of those ready for the chop.

Given some images in this thread and @dgul good analysis,

I don't know how Hunter (wellingtons) keep going

Originally they were a country boot and also the best boot to 'do you horse in' as they were good around the yard and you could then jump on and exercise the horse safely as without a welt you were less likely to get trapped in the stirrup if you fell orf. The boots lasted a good 2 years plus.

They had about 2 boots in the range, green Hunters and blue Hunters

Then Hunter moved production to China, changed the compound and remarkabley, also hiked the price and extended the range.

From Hunter's "About Us"

Quote

The launch of Hunter Original has seen four pioneering catwalk shows at London Fashion Week, showcasing new footwear, outerwear and accessories, alongside the Original boot.

Catwalk shows for wellington boots, FFS

The result is boots that last just 6-12 months in real use and cost twice as much. As a result I don't know anyone with horses (or in the cuntryside) that buys them any more.

Hunters are now a fashion accessory for the nouveau-posh-dicks.

So, Hunter is my nomination.

Edited by Hopeful

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Posted (edited)

 

59 minutes ago, leonardratso said:

Fair enough.

Any one have any other none retail blowers? must be some of those ready for the chop.

Debenhams is dead-man-walking.  It could well survive, but only because Ashley turns it into a Sports Direct concession.

Carpetright has had it.

Moss Bros is in trouble, but might well survive depending on how things turn out.

Kingfisher (B&Q) is going to get hammered.  Probably will survive, but only because of Screwfix.  Expect a few closures.

Halfords is in a much worse place then they're letting on.  Bike sales (keeping them going) will plummet.

I don't see how Mothercare can survive in current form.

Similarly for Paperchase -- they're a 'nice people shopping for nice stuff' shop, but they have huge shops for sales of just a few pretty pens.

Dunno what's going on with New Look -- should be dead by now.

WH Smith will hurt next time round the economic cycle.  It'll survive as a brand, but with loss of a decent %age of the current stores.  (Stations and airports will bankroll it).

We're due to lose a few specialist-but-crap shops on the high street:

  • I can imagine we'll lose some of the 'new pawnbrokers' -- Cashconverters, CEx, etc -- they depend on turnover (not the actual loans), but there won't be any.  OTOH traditional pawnbrokers might do okay (as they make money on the 'loan', not simply the resale).
  • There are absolutely loads and loads of vanity shops around.  These will go -- not because they don't make money (they don't make profits now, so there'll be no change there), but because the wealth that bankrolls them will go.

I think we'll lose some charity shops --the high street landscape is due for a change.  Perhaps because they can't get volunteers to run the things?  (note, just in case you don't know, that charity shops exist to avoid the landlord having to pay business rates while they have an otherwise unrentable shops -- but local councils are now changing their attitude about how they treat charity shops for rates purposes)

Oh, and we'll lose coffee-shops.  All of the new ones, hopefully.  They're entirely pro-cyclical, and will just vanish in the next downturn.

I really don't know about book shops (Waterstones, particularly) -- we've lost so many that the few survivors will probably continue to survive.

I also don't know what to think of the 'boutique shops' -- Hotel Chocolate, etc.  I've no idea how they currently make money, but I could well imagine that there'll be enough wealth to keep them going.  But it all seems mad to me.

We'll have consolidation in the mobile phone space.  The current setup is very 2010.

I also expect we'll lose something big in cars -- not sure which one.  Perhaps Pendragon, but difficult to tell.

Let's hope we lose Brighthouse -- blood sucking leeches.

We'll lose a few bookies just because they're cross about FOBT, but that's just them playing the game.

 

 

Edited by dgul

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Posted (edited)

rubbery, the wellies that is.

Aye thats a fair old pile of crap youve listed there, i do know them all but im the worst consumer ever so anecdotally i couldnt say how bad they actually are right now, I make it my business to buy mid-quality stuff in bulk and avoid retailers like the plague, they are a last resort.

Edited by leonardratso

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Posted (edited)
20 minutes ago, dgul said:

Oh, and we'll lose coffee-shops.  All of the new ones, hopefully.  They're entirely pro-cyclical, and will just vanish in the next downturn.

I don't know how all these coffee shops manage to stay in business. There is just so many of them.

Take one street, fountain street in Belfast...short street. Tim Hortons on the corner,  Bob and Berts 3 doors down, and Cafe Nero 4 doors down from that. How is there enough business to support 3 coffee shops in one short street?

(Oh and there's a Subway in between the Bob and Berts and Nero....which, ya know, also sells coffee.)

I think pretty soon the high street is going to be mostly coffee shops, somehow all staying in business. I don't get it.

Edited by JoeDavola

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for real, i go into a starbucks to take a piss on my way to work, dont buy anything though, way too expensive and full of gimps buying £5 coffees.

Mind you the guys at work buy £5 milshakes (apparently you can get a bacon flavour one) and £8 burgers from five guys, i totted one lot up (3 people - burgers, chips in a cup, milk shakes or coffees)  43 fucking pounds, take away for 3 people for lunch.  Didnt smell or look all that to be honest.

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1 minute ago, leonardratso said:

£5 milshakes (apparently you can get a bacon flavour one) and £8 burgers from five guys, i totted one lot up (3 people - burgers, chips in a cup, milk shakes or coffees)  43 fucking pounds, take away for 3 people for lunch.  Didnt smell or look all that to be honest.

Tried it once; the milkshake and burger combo.

Overpriced and very greasy. I could feel my fucking arteries clogging up in real time. Not the sort of thing you want to be eating on a regular basis. Or ever, really...

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Posted (edited)
3 minutes ago, JoeDavola said:

Tried it once; the milkshake and burger combo.

Overpriced and very greasy. I could feel my fucking arteries clogging up in real time. Not the sort of thing you want to be eating on a regular basis. Or ever, really...

Dont worry sir, youll be totally bankrupt before your ticker packs up. They sprinkle a bit of cocaine on it to keep you coming back for another hit.

PS. overpriced is one thing, mafia style protection prices is quite another. They are 3 young guys, so i often wonder if the younger generation actually knows the value of the money they are spending. It might just be me, but i keep coming back to the conclusion that the younger generation are actually thick as fuck, im not saying unintelligent, but seem to have no common sense - or even any sense of indignation at what they are offered.

Edited by leonardratso

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12 hours ago, leonardratso said:

for real, i go into a starbucks to take a piss on my way to work

Perhaps you should go to the doctor? Unless you have a very long walk you shouldn't need a piss between home and work. Could be a prostate problem.

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