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Clinton Cards prepares for administration
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Old 09-05-2012, 09:20   #1
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Clinton Cards prepares for administration

Clinton Cards prepares for administration.

http://www.bbc.co.uk/news/business-18002413

Quote:
Clinton Cards has warned it expects its largest supplier to begin steps to place the troubled retailer into administration later on Wednesday.

As a result, the company said it had requested for trading in its shares to be suspended with immediate effect
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Old 09-05-2012, 09:35   #2
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Re: Clinton Cards prepares for administration

Prepare for more retail gloom as the appalling weather dents sales of summer clothes, gardening equipment and other leisure related goods etc.
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Old 09-05-2012, 10:55   #3
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Re: Clinton Cards prepares for administration

This may be a little simplistic here, but it does seem a lot of these companies over expanded during the easy credit years, and it's now coming back to bite them on the backside
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Old 09-05-2012, 11:04   #4
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Re: Clinton Cards prepares for administration

Noooo, Gordon Brown abolished boom and bust, it can't be that!
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Old 09-05-2012, 14:48   #5
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Re: Clinton Cards prepares for administration

This made me chuckle.

http://newsthump.com/2012/05/09/moon...ng-bust-cards/
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Old 09-05-2012, 15:08   #6
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Re: Clinton Cards prepares for administration

Card factory can sell cards for 50p so not sure how they can't cope
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Old 09-05-2012, 15:24   #7
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Re: Clinton Cards prepares for administration

Quote:
Originally Posted by denphone View Post
Clinton Cards prepares for administration.

http://www.bbc.co.uk/news/business-18002413
Maybe people are wising up and realising paying £2-3.00 for a card what gets thrown in the bin a week after is just plain stupid.
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Old 09-05-2012, 15:27   #8
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Re: Clinton Cards prepares for administration

Just because a retail business goes bust, doesn't automatically mean that retail sales have gone down overall . Habits change and other smaller chains or independent shops have taken over the sales.
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Old 09-05-2012, 15:32   #9
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Re: Clinton Cards prepares for administration

Quote:
Originally Posted by muppetman11 View Post
Maybe people are wising up and realising paying £2-3.00 for a card what gets thrown in the bin a week after is just plain stupid.
Yes l remember a few years ago paying nearly a fiver for a card in WH Smiths but l thought l would pop into Card Factory one day and was amazed that they were selling the sames type cards for less then a pound and l have gone in there ever since.
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Old 09-05-2012, 15:45   #10
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Re: Clinton Cards prepares for administration

Most people can get lovely card from the Card Factory at a great price.
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Old 09-05-2012, 16:14   #11
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Re: Clinton Cards prepares for administration

Havn't sent a paper\card based card for years i always send ecards faster cheaper and always on time.
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Old 09-05-2012, 17:26   #12
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Re: Clinton Cards prepares for administration

Quote:
Originally Posted by RizzyKing View Post
Havn't sent a paper\card based card for years i always send ecards faster cheaper and always on time.
But we always put up birthday and christmas cards in this house, at Christmas they will be displayed for 2 to 3 weeks, birthday cards stay up on the mantlepiece/windowsills for 3 days or so.

If you sent me an ecard I would have to provide the paper/card, ink and time to print it out. It doesn't exactly show caring in the same way, does it?
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Old 09-05-2012, 17:31   #13
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Re: Clinton Cards prepares for administration

Quote:
Originally Posted by RizzyKing View Post
Havn't sent a paper\card based card for years i always send ecards faster cheaper and always on time.
I have never sent any type of card
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Old 09-05-2012, 18:21   #14
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Re: Clinton Cards prepares for administration

Postal charge increases may have been the final nail in their coffin.
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Old 09-05-2012, 18:56   #15
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Re: Clinton Cards prepares for administration

As previously stated, Clinton have failed miserably in moving with the times.

The margin on greeting cards is phenomenal and Clinton, like Hallmark, had it away until places like Card Factory hit the scene.

We have a decent sized card area instore and until 2 years ago bought our cards almost exclusively through Hallmark wholesale. Margins of 50 - 60% were achieved on products retailing at prices up to £4.99.

When we saw sales dropping we stopped buying from Hallmark and started selling more of the cards like Card Factory sell at prices of less than £1.00.
Since most of these cards cost around 10p - 25p in the trade it was a no brainer really.
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