Clothing retailer Peacocks enters administration - Page 2

TheDaddy · 19-01-2012, 15:49

Quote:

Originally Posted by danielf

Who's Next?

I'll get my coat

Judging by the shopping centre I've just been to could be anyone of a number, the place was full of people but no one actually seemed to be going in any shops, I think H Samual looked particulaly bad, loads of staff and not a single customer either time I passed.

Taf · 19-01-2012, 16:34

The new shopping centres here are like that, people just go in to get out of the cold and wet.

Jimmy-J · 19-01-2012, 17:05

More and more people are shopping over the internet from the comfort of their homes, that alone is having a negative impact on the high street and the malls.

Last Christmas we did about 75% of our shopping online.

heero_yuy · 19-01-2012, 17:47

Noticed it in the sales this month: Lots of people looking, very few buying.

richard1960 · 19-01-2012, 17:58

Quote:

Originally Posted by Jimmy-J

More and more people are shopping over the internet from the comfort of their homes, that alone is having a negative impact on the high street and the malls.

Last Christmas we did about 75% of our shopping online.

This christmas i did 90% of my shopping online.

And in general i do 90% of my shopping online including groceries and electricals,recently i bought three pairs of jeans online i always buy wranglers as they are a perfect fit and a quality make £52- £60 a pair in the shops, £37.50 online it does not take much to work out why people shop online,the same with next if i order before 9pm they deliver next day all from the comfort of my home.

Arthurgray50@blu · 19-01-2012, 18:15

I totally blame this coalition government for the way these companies are going to the wall.

Customers just do not have the funds anymore to go and buy stuff, they have to count there pennies. It is not just the main company fails, its the suppliers also suffers.

My wife went to a shop in Hounslow to buy some clothes, and the shop was nearly empty of stock, as there main supplier had gone bust.

This coalition government must pull there finger out of there back side and realise what they are doing to this country, otherwise in the next 12 months there won't be any retail stores about.

Its is no good saying that they are doing all they can to help the unemployed =- since they have been in power it has gone up.

Alan Fry · 19-01-2012, 20:23

Quote:

Originally Posted by Arthurgray50@blu

I totally blame this coalition government for the way these companies are going to the wall.

Customers just do not have the funds anymore to go and buy stuff, they have to count there pennies. It is not just the main company fails, its the suppliers also suffers.

My wife went to a shop in Hounslow to buy some clothes, and the shop was nearly empty of stock, as there main supplier had gone bust.

This coalition government must pull there finger out of there back side and realise what they are doing to this country, otherwise in the next 12 months there won't be any retail stores about.

Its is no good saying that they are doing all they can to help the unemployed =- since they have been in power it has gone up.

The government needs to invest far far more in the economy

Osem · 19-01-2012, 21:40

As usual, Arthur doesn't let facts get in the way of the guff he issues. IIRC, Peacocks' problems have far more to do with the massive debt they're struggling to repay (dating from well before this govt. existed) than current trading conditions. Does that sound familiar to our deluded New Labour fanboys?

denphone · 22-02-2012, 16:35

http://www.guardian.co.uk/business/2...h-woollen-mill

Quote:

Collapsed fashion chain Peacocks has been sold to Edinburgh Woollen Mill in an emergency rescue deal that has saved two-thirds of its stores but will still result in more than 3,000 job losses.

Peacocks's administrators KPMG said the privately owned Scottish group had acquired 388 of its 612 stores, which would safeguard around 6,000 jobs. The Dumfriesshire-based company, which also bought fashion brand Jane Norman out of administration, is also taking on Peacocks's head office and logistics operations in Wales. The 224 stores that are not part of the deal will close down immediately.

Well at least they have been able to preserve two thirds of the business and some of the jobs as well and that can't be bad news in this day and age.

Chrysalis · 22-02-2012, 19:55

is it me or is it wrong that a company that needs banks to keep providing capital to carry on operating a unviable business?

Escapee · 22-02-2012, 20:00

Quote:

Originally Posted by Chrysalis

is it me or is it wrong that a company that needs banks to keep providing capital to carry on operating a unviable business?

I guess yes and no!

If it were true Virgin Media would not exist as it would have closed 10 years ago when ntl went into Chapter 11.

Alan Fry · 23-02-2012, 09:06

Quote:

Originally Posted by denphone

http://www.guardian.co.uk/business/2...h-woollen-mill

Well at least they have been able to preserve two thirds of the business and some of the jobs as well and that can't be bad news in this day and age.

Will they rebrand the stores?

denphone · 23-02-2012, 09:22

Quote:

Originally Posted by Alan Fry

Will they rebrand the stores?

Thats anybody's guess Alan.

Alan Fry · 23-02-2012, 09:24

Quote:

Originally Posted by denphone

Thats anybody's guess Alan.

Well they now have 700 stores!

**Maggy J** · 23-02-2012, 11:48

Quote:

Originally Posted by Alan Fry

Will they rebrand the stores?

Quote:

KPMG's Chris Laverty said the deal ensured the "continued trading of a well known name on the high street. While it is unfortunate that redundancies have been necessary, we are pleased that we have been able to preserve the majority of the business and jobs."

From denphones link.