Zavvi placed into administration

[disruptive]

Its simply down to Darwinian selection....

When the times are good, the weak can get limp by struggling and managing on easy recapitalisations and essentially easy money which can bail them out of a difficult spot. But in harder times when the money supply dries up, people are not quite so willing. and hence these companies crash and burn.

Lets face it, physical media is almost dead. I have not bought a music CD in years (almost 10) and DVDs to sell in premium retail space clearly does not make sense what their ability to be posted through the mail-box.

Woolworths was on the cards for failure for years and much the same as Zavvi and before it Virgin stores was on it last legs. One only had to go into the stores to see that Directors and management had lost control of the rudder.

So who is next...

Borders - they are having trouble, big trouble, they have premium retail space and are being squeezed by supermarkets and online retailers...they cannot sell enough to maintain their position. I've worked this out. So they could be next. They do have a good brand so can imagine they would be bought out.

So all we are subject to the same Darwinian laws, we are just seeing perhaps a little bit of a speeding up of the death of some of these corporate giants!

 

[boxerdog]

M&S have got to be the next biggy to go.
how they have managed to stick around this long is beyond me.

 

[devolution]

Actually, John Menzies supplies a lot of the magazines, newspapers etc. They have a distribution hub down at Brooklands in Surrey. They also operate 'Menzies Cargo' services out of Heathrow
When the high street shops didn't go too well, they closed them and focused on B2B services. This is what might happen to Smith's and a few other big names on the street.

 

[disruptive]

M&S have got to be the next biggy to go.
how they have managed to stick around this long is beyond me.

M&S are good strong retailer. They have come on leaps and bounds in the last decade. They have great quality food, great quality clothes and a very good brand. If M&S go bust I will personally eat my share certificates in public. Yes they may not be to everyones taste, but thy unlike Woolworths are able to continually evolve and adapt to new market conditions.

 

[boxerdog]

M&S are good strong retailer. They have come on leaps and bounds in the last decade. They have great quality food, great quality clothes and a very good brand. If M&S go bust I will personally eat my share certificates in public. Yes they may not be to everyones taste, but thy unlike Woolworths are able to continually evolve and adapt to new market conditions.

i couldnt disagree more.
The poor showing in food has prompted the early departure of Steve Esom, director of food.
For the 13 weeks to 28 June, M&S's total UK clothing sales were down by 3.6 per cent.
shares fell by 78p, nearly 25 per cent.
Citigroup analyst James Anstead described the M&S numbers as "very weak".

time will tell, but i would put money on it that they wont see it through 2009

 

[stender]

Yes M&S sales are down but i doubt they would fail.
I'll put money on LUSH going belly up. I can't stand walking past those smelly shops, and even though women like buying old foof, when the purse strings need tightening surely a bit of soap and a bath bomb will be first to go?

 

[disruptive]

i couldnt disagree more.
The poor showing in food has prompted the early departure of Steve Esom, director of food.
For the 13 weeks to 28 June, M&S's total UK clothing sales were down by 3.6 per cent.
shares fell by 78p, nearly 25 per cent.
Citigroup analyst James Anstead described the M&S numbers as "very weak".

time will tell, but i would put money on it that they wont see it through 2009

You have to look at the fact M&S make a very good profit in just about all sectors and they are seen as a quality buy by just about everyone. Granted they do in some town have a few grubby stores, but look at the upmarket small stores in service stations, railway stations and high street. M&S are about as likely to fail as Tesco or Sainsbury.

They have a mountain of cash, brilliant margins, rising revenues and consistently strong revenues and low debt gearing and the general analyst latest consensus is hold.

Boxer if you short them! I'll be on the otherside of the deal!

 

[GreyWing]

Adams gone!

Can't even make new year, how sad!

How many pure web companies gone bust, I can't think of one. Physical real estate seems to be an anchor at the moment.

This is going to be a fabulous year for us I feel.

 

[stender]

Adams were in trouble long ago. They closed a lot of stores pre credit crunch.

USC in trouble 15 stores gone into admin the rest sold i believe as a going concern.

 

[cm1975]

Women's clothing chain Morgan has just filed fot administration - BBC NEWS | Business | Retailer Morgan in administration

 

[stender]

I'm surprised chains like morgan go under and your 2 bob clothes shops survive. I reckon with morgan their problem was they only made clothes to fit sticks whilst obesity is growing!

 

[boxerdog]

its coming to get you M&S!!!​

 

[cm1975]

its coming to get you M&S!!!​

Who will be NEXT?

 

[Systreg]

Who's next? Another very old company:

Clothing firm 'in administration'

12 mins ago

Women's clothing firm Viyella, which dates back to 1784, has become the latest well-established retail firm to call in administrators, unions have said.

There has been speculation for days that the future of the company, one of the UK's longest established clothing manufacturers, was uncertain.

The firm has 120 stores and concessions in the UK as well as an online sales operation.

Unions said they hoped there would be a strong interest in buying the chain.

Clothing firm 'in administration' - Yahoo! News UK

 

[cm1975]

Who's next? Another very old company:



Clothing firm 'in administration' - Yahoo! News UK

Yeah I read about Viyella on BBC News. Viyella split from Coats Viyella, but the viyella.co.uk domain is still reg'd with Coats Viyella PLC, with the actual site being run by William Hollins & Co Ltd T/A Viyella. Odd.

 

[stender]

M&S are closing a non profitable part of it's company - simply foods. Any company would do so and many more to follow. Big difference to that and M&S going under. there's loadsa restructuring coming! I am even using both sides of my pads!

 

[aZooZa]

M&S could have made it really big in the food market if they'd kept the quality up to as it was in the 70's. A really wasted opportunity.

 

[devolution]

Wedgewood in admin too -- surely someone will buy them up, though...

 

[tifosi]

Woolies and The Way Of The Mammoth : Anyname Domain Services

S

 

[stender]

Wedgewood in admin too -- surely someone will buy them up, though...

Hope not! save all those newly weds getting shitty cut crystal and plates as wedding presents from the wrinklies.