The Retail Apocalypse (Incorporating Casual Dining Closures)

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Moggy
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Moggy » Mon Sep 23, 2019 5:26 pm

Jenuall wrote:Apparently, and this is early days so pinch of salt and all that, but it looks like Northern Rock may be in trouble as well. ;)


I’ve heard the East India Company is on its last legs.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Vermilion » Mon Sep 23, 2019 7:14 pm

Moggy wrote:I’ve heard the East India Company is on its last legs.


I like their tea. :(

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ITSMILNER
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by ITSMILNER » Mon Sep 23, 2019 9:01 pm

Was watching Sky News and it had a family who all work(ed) for Thomas Cook, what a gooseberry fool day this has been for them.

Anyone here know anyone effected by this? Customer or worker?

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Vermilion » Tue Sep 24, 2019 7:58 am

I've never been on holiday with them and so am not directly affected by this, but the shop in town here was closed up and empty yesterday which was a really sad sight.

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Jenuall
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Jenuall » Tue Sep 24, 2019 9:46 am

My friends mum worked for Thomas Cook but she's been predicting this for ages so knew the day would come sooner or later. Still hurts though.

She's nearing retirement age and they should be fine anyway so it's not the biggest blow, but losing a job is never fun.

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Chocolate-Milk
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Chocolate-Milk » Wed Sep 25, 2019 7:51 am

ITSMILNER wrote:Anyone here know anyone effected by this? Customer or worker?

Nobody who worked for them, but I do know five of my colleagues all had holidays booked at least in part with Thomas Cook, one of which was due to fly out this weekend.

The ones who booked packages through On The Beach, etc. have been told they'll get a refund within 14 days. The ones who booked flights separately have just been told to keep an eye on the news, and it could be 8-10 weeks before they get anything back.

The money's not really the point, though...

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Gemini73
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Gemini73 » Wed Sep 25, 2019 11:36 pm

Phew, just as well Thomas Cook bosess managed to take £20m in bonuses before the company collapsed eh!

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Ecno » Thu Sep 26, 2019 3:25 am

Gemini73 wrote:Phew, just as well Thomas Cook bosess managed to take £20m in bonuses before the company collapsed eh!


From what I've read (at least the CEO), the bonuses were in shares, so worth precisely 0.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Winckle » Tue Oct 01, 2019 8:08 am

https://www.theguardian.com/business/20 ... bankruptcy
Fashion retailer Forever 21 files for bankruptcy protection
The US fashion retailer Forever 21 has filed for chapter 11 bankruptcy protection, joining a growing list of companies that have failed to navigate the shift towards online shopping.

The group’s UK arm, which has three stores in Birmingham, Liverpool and London, is expected to appoint the advisory company RSM as administrator on Monday.

The stores, the first of which opened in 2010, employed more than 290 people, according to the latest published accounts, which cover the year to February 2017 when the business made a £61m loss on sales of £26m.



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Lex-Man
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Lex-Man » Tue Oct 01, 2019 8:18 am

Winckle wrote:https://www.theguardian.com/business/2019/sep/30/forever-21-global-fast-fashion-retailer-files-for-bankruptcy
Fashion retailer Forever 21 files for bankruptcy protection
The US fashion retailer Forever 21 has filed for chapter 11 bankruptcy protection, joining a growing list of companies that have failed to navigate the shift towards online shopping.

The group’s UK arm, which has three stores in Birmingham, Liverpool and London, is expected to appoint the advisory company RSM as administrator on Monday.

The stores, the first of which opened in 2010, employed more than 290 people, according to the latest published accounts, which cover the year to February 2017 when the business made a £61m loss on sales of £26m.




Wow they managed to earn less than half there expenditure.

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Vermilion
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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Vermilion » Tue Oct 01, 2019 8:34 am

They once had one of the biggest stores in the Birmingham Bullring, but they downsized a few years back which (at least at the time) meant they stopped selling menswear.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Garth » Mon Oct 07, 2019 12:16 pm


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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by KK » Mon Oct 07, 2019 12:29 pm

I don't think I've ever seen an empty Pizza Express in the evenings, and their supermarket range (a facsimile of their restaurant products...apart from rather ironically the actual pizzas themselves, which are average copies at best) is everywhere. Surely this is another case of management being inept.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Jenuall » Mon Oct 07, 2019 12:38 pm

To be fair the high street italian/pizza restaurant market is a very busy and competitive one. Combine that with the general squeeze on the public at the moment and you've got a pretty tricky situation in general. I would not be surprised to see more announcements like this from other chains.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Lagamorph » Mon Oct 07, 2019 12:41 pm

KK wrote:I don't think I've ever seen an empty Pizza Express in the evenings, and their supermarket range (a facsimile of their restaurant products...apart from rather ironically the actual pizzas themselves, which are average copies at best) is everywhere. Surely this is another case of management being inept.

Given that Pizza Express portions are strawberry floating tiny for the price they charge this would have to be the case surely.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by KK » Mon Oct 07, 2019 12:47 pm

Nobody wants that Italian gooseberry fool, people want Southgate and his Grand Pan Margherita from the All You Can Eat buffet. PROPER PIZZA from AMERICA. With unlimited Pepsi refills.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by poshrule_uk » Mon Oct 07, 2019 12:56 pm

Garth wrote:


I kinda expected this, they are always on Groupon and giving away vouchers so I doubt very few people are paying full price.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Lex-Man » Mon Oct 07, 2019 1:01 pm

I'd be sad to see Pizza Express go. I have fond memories of going for my parents birthdays as a child. That said I've barely ever eat there and there are a load of better options for Italian and pizza, even in amoung the other chains they don't offer the same value although I'm guessing a lot of people who eat there are using vouchers.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Drumstick » Mon Oct 07, 2019 1:02 pm

Haven't been there in a long time, there are far better pizza restaurants about, usually independent too.

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PostRe: The Retail Apocalypse (Incorporating Casual Dining Closures)
by Ad7 » Mon Oct 07, 2019 1:13 pm

The problem I have with Italian restaurants, is that I always feel I can make food of the same quality myself. I make strawberry floating amazing pizza, so when I have to pay £12 for something I can make myself for far less, I never want to eat there.

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