What's going to collapse next...

[belfastchild]

26 minutes ago, Axeman123 said:

I don't think it is possible now, but a few years ago "mileage correction" services were popular for people that had gone over the mileage (first MOT at three years old).

I used to be part of the motor club at uni. One of the guys there had an old capri.
Said the mileage was getting a bit high so he thought hed take the speedo apart and adjust it.
Opened the back and a bit of paper fell out. It had a few words hand written.

'Oh no, not again'

[sancho panza]

I think John Lewis are screwed ,not least because their bossses ahev near zero retail experience.

Struggling retailer hires ex head of Ofcom and former civil servant to sort out it's retail woes...what could go worng?

 

 

https://uk.finance.yahoo.com/news/john-lewis-boss-faces-showdown-134021568.html

[King Penda]

I can’t see how things like card shops survive the European mini marts will be ok has they are cleaning bent cash and shifting Counterfeit smokes .

[lid]

8 hours ago, King Penda said:

I can’t see how things like card shops survive the European mini marts will be ok has they are cleaning bent cash and shifting Counterfeit smokes .

Yeah a few quick back of the envelope calculations and I'd say they're probably gonna fold. Too many problems to address, paper thin margins, not sure they can stamp them out

[HousePriceMania]

13 hours ago, sancho panza said:

I think John Lewis are screwed ,not least because their bossses ahev near zero retail experience.

Struggling retailer hires ex head of Ofcom and former civil servant to sort out it's retail woes...what could go worng?

 

 

https://uk.finance.yahoo.com/news/john-lewis-boss-faces-showdown-134021568.html

She's trying to move the company from the distressed retail market to lending and Build To Rent.

 

I sincerely hope they collapse, they are now the flagship for all that is wrong with the UK 

 

 

[sancho panza]

On 08/05/2023 at 14:44, HousePriceMania said:

She's trying to move the company from the distressed retail market to lending and Build To Rent.

 

I sincerely hope they collapse, they are now the flagship for all that is wrong with the UK 

 

 

In the land of the blind the one eyed man etc

https://uk.finance.yahoo.com/news/john-lewis-staff-vote-ending-171752962.html

[HousePriceMania]

21 minutes ago, sancho panza said:

In the land of the blind the one eyed man etc

https://uk.finance.yahoo.com/news/john-lewis-staff-vote-ending-171752962.html

There words that explains why JL is fucked and why they are getting into debt pushing and rentier slavery...

 

 

 

TOP CIVIL SERVANT.

 

A top civil servant is a bit like a  Vauxhall conference goal Keeper 

[Ash4781b]

Yesterday Local Wilkos totally dead. Seemed to be Running a 10% voucher for next visit if spend £5 in a visit. Low stock too on the shelves. Only 1 of 5 items in stock. A shame as I was looking for yeast to do a homebrew beer batch.
 

 

[jamtomorrow]

43 minutes ago, Ash4781b said:

Yesterday Local Wilkos totally dead. Seemed to be Running a 10% voucher for next visit if spend £5 in a visit. Low stock too on the shelves. Only 1 of 5 items in stock. A shame as I was looking for yeast to do a homebrew beer batch.
 

 

Matter of time for Wilkos now - I used to go in for DIY and household  bits because it was cheap, they had a good range of stuff, and they had it on the shelf more often than not.

Complete reversal on that last point of late, to the extent I won't be going back - the latest fruitless trip into town was the last straw.

[Ash4781b]

4 hours ago, jamtomorrow said:

Matter of time for Wilkos now - I used to go in for DIY and household  bits because it was cheap, they had a good range of stuff, and they had it on the shelf more often than not.

Complete reversal on that last point of late, to the extent I won't be going back - the latest fruitless trip into town was the last straw.

I went to another different one today. Same story.

[Sugarlips]

Was chatting to owner of local retro gaming/hobby shop. Says the cost of living crisis is causing everyone to come in at once with bags full of old games/dvds. He said lots of titles at CeX are offering just 1p each. Not long ago he was buying them in at £1 now he’s overloaded and just turning everyone away (unless it’s the tasty stuff).

[gibbon]

On 09/05/2023 at 23:56, HousePriceMania said:

There words that explains why JL is fucked and why they are getting into debt pushing and rentier slavery...

 

 

 

TOP CIVIL SERVANT.

 

A top civil servant is a bit like a  Vauxhall conference goal Keeper 

She's also on the board of barratt homes. Looks like she's been put in place of JL to asset strip it to barratt, turn all those huge stores into tens of thousands of flats while keeping a tiny partitioned bottom floor as JL "express".

[MMax]

Could it not simply be she is a political/diversity hire, and she lacks the experience and is out of her depth?

[wherebee]

15 hours ago, MMax said:

Could it not simply be she is a political/diversity hire, and she lacks the experience and is out of her depth?

she's been a diversity hire all the way through her career, as far as I can see.

[gibbon]

Speaking to an owner of a shop I know the other day which is a 100% vanity business, been there maybe 3 years, sells weird expensive "artisan" tat to the middle class incomers, think Harry & Paul "I saw you coming" sketch. Anyway they told me it's really quiet, that they're struggling and they don't know how much longer they'll be there. 

I was always a bit "meh" about the cost of living crisis while the area is flooded with these types of shops (and they continue to open). But looks like things are really starting to bite straight from the horses mouth. Not surprised, my weekly grocery shop has increased by almost 50%. 

[Wight Flight]

One of my main competitors was put into liquidation yesterday.

Sadly not the one that keeps going despite losing £1m+ every year.

[Option5]

On 18/04/2023 at 12:32, wherebee said:

jesus.  i thought I did bad jokes.

You thought right 

[HousePriceMania]

Tuff times

 

 

 

 

[desertorchid]

Seems irrefutable that a company collapsing that supplies the most important of all basic needs to 1 in 4 of the population  is a serious sign of a countries ill health.

 

https://www.theguardian.com/business/2023/jun/28/contingency-plans-reportedly-being-drawn-up-for-thames-water-collapse

[eek]

1 hour ago, desertorchid said:

Seems irrefutable that a company collapsing that supplies the most important of all basic needs to 1 in 4 of the population  is a serious sign of a countries ill health.

 

https://www.theguardian.com/business/2023/jun/28/contingency-plans-reportedly-being-drawn-up-for-thames-water-collapse

Nope - it's a sign of the Government not regulating things properly so the owners borrowed money (to take profits early) and can no longer repay the money old.

The bondholders need to be told sorry but it's your problem..

[desertorchid]

3 minutes ago, eek said:

Nope - it's a sign of the Government not regulating things properly so the owners borrowed money (to take profits early) and can no longer repay the money old.

The bondholders need to be told sorry but it's your problem..

They probably will take a haircut. 

 

Thames Water Bond price Unsecured May 2026:

 

[Kendo]

Everyone’s age  - instead of raising pension age, just follow the South Koreans and drop the whole population’s age! 
 

https://www.theguardian.com/world/2023/jun/28/south-koreans-become-a-year-or-two-younger-as-country-changes-system-for-counting-ages

Edited June 28, 2023 by Kendo

[HousePriceMania]

1 hour ago, desertorchid said:

Seems irrefutable that a company collapsing that supplies the most important of all basic needs to 1 in 4 of the population  is a serious sign of a countries ill health.

 

https://www.theguardian.com/business/2023/jun/28/contingency-plans-reportedly-being-drawn-up-for-thames-water-collapse

Borrow money, hand it to yourself, go bust...

 

Private equity involved per chance ?

 

 

[Chewing Grass]

3 minutes ago, HousePriceMania said:

Borrow money, hand it to yourself, go bust...

 

Private equity involved per chance ?

 

 

I expect this will be the tip of the iceberg and more will follow.

[desertorchid]

5 minutes ago, HousePriceMania said:

Borrow money, hand it to yourself, go bust...

 

Private equity involved per chance ?

 

 

Owners looking for a government bailout (Tax Payers money):

Thames Water is owned by Canadian & British pension funds, Abu Dhabi & Chinese sovereign wealth and Australian investors.

You really couldn't make it up