Clean It Up
UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: spindle on December 22, 2008, 07:20:36 pm
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i have heard that halfords is the next big chain to hit the wall!!! after xmas!!!
shaun......get kids bikes!!.....you will never have to pay it back!!!!
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i'm guessing.
m and s.
iceland
superdrug
wh smiths
waterstones
not sure about boots
and i'd love rymans and lasenza to fold, cant stand that theo pathetic.
derek
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I'm hoping one of Branson's virgins is going to go down soon...
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i like dicky, ahem!, i'll rephrase that, i like richard branson, top bloke, may his fortune continue.
derek
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Rumour has it DSG Retail Group which includes Dixons/Currys/PC World could be going as well.-John
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Chris
Halfords are the worst payers to suppliers so I think they may survive, a lot are having their credit rating down graded, think I will pop into a betting office tomorrow to see what odds I will get on who I think will go to the wall.
Derek
Waterstone is a part of HMV so you could be right :'(
John
Insider dealing is illegal ;)
Len
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Halford's have highly trained staff though, they can even install Sat Navs for you.
Lick and stick. ::)
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Derek hopefully not whsmith as they have a large distribution centre in swindon and we have just lost all the woolies distribution jobs here Regards Alan(swindon)
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If Halfords go, dose that mean DAVE top gear repeats will also go ;D
Alan
WHS has had a rocky past
Len
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DSG for sure , a big builders merchants, probably wickes will go , somerfield quite rocky, a few big car retailers , and officers club
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My guess would be One of the carpet retailers or floors to Go, Furniture retailers land of leather or Scs and a Car retailer such as Pendragon
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scs last week!!
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Paul
Floors to go have already been in administration this year and had a management buy out, so you could be right.
Would love it to happen to Carpet poope !!
Steve
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Halfords are part of Boots and a few others ;D
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HMV had to impliment a three year turnaround plan which started in March 2007 and was ahead of progress at the end of its finantial year in april.
At the moment I think 35 % is on loan and not looking good. They havent put themselves in a good position in the face of things to come (April 09).
They may go down early to mid 2009. Thats if they havent filed it at the high court now, not been on news as yet.
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Hi
Can't believe I'm reading that people are hoping certain businesses go down the pan!!!
If these big guys go down that's more on the dole, less services are needed, that includes carpet cleaning contracts and cleaning contracts as well as other 'Support Arms' that need these businesses to stay operational, food, supply services and all the other services that businesses depend on to stay operational.
Martin 8)
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I would like to know.....................would Gord Brown help me out if i was in the s##t?
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I think it will be WHS its been strugling since I left 20 years ago and like Woolworths has lost out big time to Asda Tesco etc. bang go my shares
I heard Hlfordswere oK as to cut costs people are back to trying to replace breaksetc themslves.
HMV Waterstone is highly geared
despite Dragons Den Theo Rymans has been in ad ur of recevers several times in past 20 years
News at Ten said White Goods delears so Comet and smaller chains
Agree about Iceland as I thimk it was purchased by aguy in Iceland
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Green king....................fullers if they spend too much money on hotels
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Chloe your avatar makes me need a wee :'(
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Jim ;D ;D
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Here you go! Should cheer a few of you up :-\
High Street tea and coffee seller Whittard of Chelsea on brink of collapse
By Ben Laurance
Last updated at 1:48 AM on 23rd December 2008
The crisis gripping the high street is poised to claim another household name.
Whittard of Chelsea, the tea and coffee retailer, was last night on the brink of falling into the hands of administrators after its funding lifeline was cut.
The company, with 130 UK outlets and a further 30 overseas, has been looking for a rescuer since the beginning of the month. Some 500 jobs are thought to be at risk.
News of the move comes just weeks after the collapse of Woolworths and furniture group MFI.
Although there have been potential suitors - Whittard has received bids from five bidders this month - none has met the asking price.
For the past three years, Whittard has been owned by the stricken Icelandic investment group Baugur.
The company, which paid £21.5million for the store, also has stakes in other high street retailers including Mosaic, Karen Millen, Oasis and Watches of Switzerland.
Icelandic bank Landsbanki, which backed Whittard, cut off funding to the struggling chain in recent days, say sources.
It is thought that parts of Whittard may be salvaged by a so-called 'pre-pack administration', where the firm goes into accountants' hands, but is immediately bought again so most of its business can carry on trading.
Those owed money by the group are unlikely to get it all back.
News of Whittard's expected administration came as figures showed the number of weekend shoppers was down compared with the last pre-Christmas weekend of 2007.
On Saturday, numbers were 11 per cent lower. On Sunday, they fell 8.5 per cent. This year, Christmas falls two days later in the week than it did in 2007, which distorts comparisons.
But Jonathan de Mello, director of retail for Experian, which provided the figures, said yesterday: 'It is too late to catch up now.
'For retailers, Christmas should have happened in the past couple of weeks, and it simply didn't - which explains why so many shops have been running sales.'
Whittard was founded in 1886 as a tea and coffee importer. Its first outlet was on Fleet Street in central London.
The company's importing business was based in Aldgate, in the east end of London. But the premises was hit by a bomb in December 1940 and moved to Chelsea.
Accountancy firm KPMG has been helping Whittard look for a way to escape its funding crisis.
But yesterday, sources signalled the group was on the point of appointing administrators from rival accountancy firm Ernst & Young.
No one from Ernst & Young would comment.
● Struggling sports retailer JJB has closed five stores run by its offshoot Qube.
JJB has been trying to find a buyer for Qube and a second business, Original Shoe Company.
The group has also been trying to sell its health clubs to ease its debt burden.
JB confirmed the five closures yesterday but said it had paid rents on its other Qube outlets across the country.
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Hi Guys
More good news for you guys who want to see this kind of thing happen more often...
Music, games and DVD retailer Zavvi - formerly known as Virgin Mega store - has gone into administration, endangering more than 3,000 jobs.
Zavvi
Zavvi in London's Picadilly Circus
The move has been confirmed by auditor Ernst & Young.
Zavvi Group is the UK's largest independent entertainment retailer with 114 stores across the country.
More than 2,000 people are employed full time by the company, with another 1,000 part-time staff on its books across all shops, including the 11 in Ireland.
So far, the group's ventures in Ireland are unaffected.
Trouble began for Zavvi when its main supplier, EUK (owned by Woolworths) went into administration at the end of last month.
The company says it has been "unable to source stock" in the usual way since then and has been forced into new trading agreements, with difficulties in reaching "favourable credit terms".
Simon Douglas and Steve Peckham, the group’s founders, thanked staff for their support and said: "We have done all that is possible to keep the business trading, but the problems encountered with EUK, and particularly its recent failure, has been too much for the business to cope with."
Administrators hope to sell all or part of Zavvi as a going concern and all stores are expected to open for Boxing Day sales as planned.
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martin
all though i said i'd love rymans to fold, i don't really want them too, its sort of like if i had to choose one but know i dont have too, think your reading it wrong, don't think anyone in there right mind would want any business to fold. i worked in retail for 14 years and have seen the demise of high streets first hand, i blame town planners and there gay abandon approach to allowing big guns like asda and tescos dominate the way we shop, theres 9 supermarkets within 10miles of us, how can a highstreet compete. town planners!, shoot the lot of em.
derek
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Even worse here there's about 12 within 5 miles.
John
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Same here in stockport would not like to count how many they are ::)
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The ongoing effect of this will be quite a number of you will NOT be on here next year as this industry will experience very hard times.
Not so bad for established businesses with large client bases, but I would'nt like to have high monthly payments to meet.
Planning your marketing for the next year would be a wise move as soon as Christmas is past.
Srange thing is.................
I keep reading about the previous tough times in the past 30 years and I can't remember being affected, but..................could be senility setting in!!!!
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In newry in northern ireland things are completely opposite to the rest of the place Its completely booming. Admittedly its for the retailers and not for my line of work but the shops like sainsburys etc are providing work for the construction boys who are now stacking shelves.
We have made the front page of the new york times and a japenese paper has sent a reporter over recently. And it looks set to continue with the amount of sterling to the euro on offer as wekll as the significant price difference on all goods.
http://news.bbc.co.uk/1/hi/uk/7794973.stm
Merry christmas and a prosperous new year
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M and S no chance of going under, if they did the country is in real trouble and not just a downturn. Rymans are the corner stone of the their market and Theo is a very clever businessman so I think you'll be out of stock their too.
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la senza had a 50% of sale before christmas, ;) merry christmas guys
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neil.
its not about how good they are, if town centres aren't around for much longer and supermarkets are allowed to expand even further then no one will survive. warrington has one of the biggest tesco's in the country and its enormous, you could park quite a few 747's in there, i'm sure when all the town centres are gone they won't let theo set up a small rymans in a corner of there store.
these supermarkets need to be stopped but unfortunatly, it will never happen, to powerful all ready, they even buy up land so no one else can challenge them. its shameful, and its the town planners to blame.
our town centre has a new to let board up every week. and woolies were a big store where we are.
derek
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Martin
And they have the audacity of blaming the collapse of the Woolworth Group's distribution arm to which they owe a lot of money too! And now cant get favourable credit! Banks and their bean pusher have their part to play in this. Think Richard Branson group saw it coming.
Yes I feel sorry for anyone who loses his or her job.
Any way merry Christmas to you and all
Len
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It's called evolution and times are a changing. It will find it's level evntually then we'll all get used to the new order and wonder how we managed in the old order.
It's the same as all this climate change, it's normal just the earth evoluting to cope with differing circumstances.
All this eco friendly crap is a load of rubbish and is a drop in the ocean compared to the natural occurrences that happen to cause global warming.
John
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So it has been confirmed that Zavvi (formerly Virgin Megastores) has gone tits up. Who is next? I cant believe that this credit crunch went unoticed oroverlooked for so long. i saw this coming 3 1/2 years ago.I would be very surprised if Theo went to the wall. He is very very good at looking at business & the way it is. Cant understand why anyone would have a dig at him. He has bought failed or failing companies and given them life again. Is that a bad thing?
Theo Paphitis CV
Born: 1959 in Limassol
1976 Leaves school at 16; Works for Lloyds of London as ‘Tea Stirrer’s Assistant’
1982 Aged 23, set up his first business, Surrey & Kent Associates, a property finance broker.
1987 Appointed Chairman of Astra Industrial Group PLC by a bank owed millions by the quoted company.
1990 Bought Movie Media Sports, a media agency, from the receiver.
1995 Bought Ryman from receivership
1997 Bought Millwall Football Club from Administration
1999 Acquired La Senza and made 6 million profit last year.
2001 Bought Partners, a chain of 120 (now 88) stationery stores, as usual from the receiver
Richie.
PS
Anne Summers have got some great offers on at the moment. mmmmmm
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he's not daft is he
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Hi
I am actually reading Theo's book at the moment, it's a good read, he did lose it almost all once before, after astra, just got to the bit where he is buying Rymans.
It gets it from the actual receiver as it's cheaper that way.
Can recommend the book, also just finished 'How come that idiots rich & I'm not'. Another good book with practical tips.
One of the best books I have read is Rich Dad,Poor Dad by Robert Kiyosaki, make this book an absolute must read for the new year.
Regards
Martin 8)
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Might try the above book :)
I didnt know he bought millwall footie club :o
As martin said the best place to buy a set up from the recievers :)
Have a good day all :)
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Derek
I was a small business owner when the first ASDA opened and the Trade Journals predicted, that if the huge out of town stores were allowed to expand, there would be no small businesses left in 30 years.
Not far wrong, with the decimation of small shops and the ASDAS, etc are getting greedier every year, how long until they get into out of store services, such as cleaning.
The biggest carpet cleaner in the States is SEARS!!!!!!!!!!!!!!!
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Clinton you CAN read :D
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Yet another big name has now called in the Recievers. Adams the Childrens wear outlet that also supply Boots applied to the Court on Christmas Eve.
Reading the Financial News today it is expected that another 10 top retailers are likely to go to the wall in 2009.
John Lewis have however have recorded record sales of £21.3 Million. They have said that even though the have record sales & the fact that people have been queing to get into their stores they will not be looking at record profits due to the margins been slashed just to get people through the doors.
Richie.
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Think your right there for the new year shops closing ::)
John lewis targets the middle to top incomes and always delivers quality and in most cases price match in a certain milage area :)
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Regardless of wheather we like the owners of certain outlets or not, we should be looking at the effcts that the companies going to the wall are having on the UK.
the figures i quote below are not true figures but just a example
bla bla electrical goes bump, 4000 people lose their jobs & go on the Dole. Thats another 4000 people that the uk has to pay every week.
bla bla electrical was paying a annual tax bill of £20 million therefore that is another £20 million pounds uk is down.
this means that the uk is down in the region of £21.2 million in a year just from bla bla electrical going to the wall. NOW add together the loss of tax revenue plus the money that has to be paid to the unemployed people from all the other companies going to the wall.
Its not just a case of these companies closing down.....these closures are having a MASSIVE impact on the UK who is losingmuch more than most realise. 2009 is going to be critical, Only time will tell as to how we will recover from this downturn. One thing is sure....things are going to get one hell of a lot worse.
Richie.
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Spot on Richie
and every business that closes down means a family has lost an income, be it the main and only income or one of two or more.
We will feel the effect of this because there is less money to spend. Non essentials, like carpet cleaning (no matter how important we say it is) will go to the very back of the pecking order).
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Another company who called in the recievers is u s c a clothing chain and they have a shop here in stockport and a large one in the trafford center ::)
With the january rents due am sure other firms will struggle :(
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How many on here would be better off if they weren't working and instead living off benefits?
I saw in the papers recently that there are over 140,000 households whose benefits come to more than £20,000 per annum.
That's equivalent to a salary of £27,000 before tax?
Ok. Probably not that many as this will be at the extreme level but is it the tip of an iceberg where benefits could be considered too generous and stop people looking for work?
At least we all seem to be motivated to get off our a*ses and try and take control of our destinies.
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Hi roger
Was reading that yesterday too :)
You will always get that sort of person who will not want to work and clain ::)
As you said least most of us on here have the work and get on in life bug ;D
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i had a friend last year who applied for dole money(redundant).......got it no problem.(after providing bank statements/creditcards/etc....).
but he also claimed housing benefits etc........his entitlements got him £1000 pm
the dss were telling him to get a job........but finding work at the same rate was impossible.........they were finding him jobs for £1400pm.........but by the time he had paid tax/rent///rates/etc............he was still getting the same money!!!
.........where is the incentive to work ????