Poundworld goes into administration

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RichardUK
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PostRe: Poundworld goes into administration
by RichardUK » Mon Jun 11, 2018 5:47 pm

KK wrote:This shop featured in a documentary series that ran for about 2 years on BBC1.


I watched that program, I remember they were opening stores every other week, maybe they grew to quickly

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PostRe: Poundworld goes into administration
by PES Fan » Mon Jun 11, 2018 5:59 pm

RichardUK wrote:
KK wrote:This shop featured in a documentary series that ran for about 2 years on BBC1.


I watched that program, I remember they were opening stores every other week, maybe they grew to quickly


Looks like the owner on that documentary sold it a few years back. He apparently was interested in buying it again.

But it’s not surprising. There’s like 3 or budget stores around each other. Then you have Lidl and Aldi too.

A lot of these retailers that are struggling are the ones who never really embraced the online market and put a lot of effort in it. Retailers like Argos and John Lewis have done that. Argos fast track delivery is pretty useful at times.

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Vermilion
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PostRe: Poundworld goes into administration
by Vermilion » Mon Jun 11, 2018 6:40 pm

Gemini73 wrote:Beechwood Shopping Centre. Was a nice arcade with a pleasant water feature in the centre, but high rates saw pretty much all the indie stores,(including an indie game store I co-ran, although I left about a year before it closed its doors)


Yep, i remember the centre and water feature well, can't remember for sure as to which shops i visited (i visit a lot of small arcades so it can be tricky to remember what was where sometimes), but there was definitely an indie entertainment store selling music & DVD's, was that the one you co-ran?

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Death's Head
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PostRe: RE: Re: Poundworld goes into administration
by Death's Head » Mon Jun 11, 2018 6:50 pm

PES Fan wrote:
RichardUK wrote:
KK wrote:This shop featured in a documentary series that ran for about 2 years on BBC1.


I watched that program, I remember they were opening stores every other week, maybe they grew to quickly


Looks like the owner on that documentary sold it a few years back. He apparently was interested in buying it again.

But it’s not surprising. There’s like 3 or budget stores around each other. Then you have Lidl and Aldi too.

A lot of these retailers that are struggling are the ones who never really embraced the online market and put a lot of effort in it. Retailers like Argos and John Lewis have done that. Argos fast track delivery is pretty useful at times.
But if people are buying from them online, then they are showing that the bricks and mortar store is becoming irrelevant. Having a good online presence and logistics is just preparing for the innevitable no high street presence.

Yes?
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Gemini73
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PostRe: Poundworld goes into administration
by Gemini73 » Mon Jun 11, 2018 8:16 pm

Vermilion wrote:
Gemini73 wrote:Beechwood Shopping Centre. Was a nice arcade with a pleasant water feature in the centre, but high rates saw pretty much all the indie stores,(including an indie game store I co-ran, although I left about a year before it closed its doors)


Yep, i remember the centre and water feature well, can't remember for sure as to which shops i visited (i visit a lot of small arcades so it can be tricky to remember what was where sometimes), but there was definitely an indie entertainment store selling music & DVD's, was that the one you co-ran?


No, that was Rise. They moved to Bristol I think.

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Dual
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PostRe: Poundworld goes into administration
by Dual » Mon Jun 11, 2018 8:23 pm

RichardUK wrote:
KK wrote:This shop featured in a documentary series that ran for about 2 years on BBC1.


I watched that program, I remember they were opening stores every other week, maybe they grew to quickly


They can't import cheapo stuff from abroad and sell it for profit anymore due to the weak pound.

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Somebody Else's Problem
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PostRe: Poundworld goes into administration
by Somebody Else's Problem » Tue Jun 12, 2018 8:02 am

They just refurbished my local one about 2 weeks ago.

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