more store closures and job cuts ahead in uk?

UK FAMILIES ARE £100 WORSE THIS APRIL THAN LAST APRIL AND THIS IS AFFECTING SPENDING OBVIOUSLY.

Badboy wrote:

cherry1 wrote:Tescos have been given quite a rubbishing of late.

TRUE,SLIGHTY OFF SUBJECT I SAW ON WATCHDOG THAT ASDA HAD ENGAGED IN MISLEADING BARGAIN PRICING.
TESCO'S ALSO HAVE FEATURED IN SAME PROGRAMME CONCERNING SAME PROBLEM.

I was in a local Tesco a few days ago, where there was a large display of Shreddies just inside the door, with the price printed really big, like it was a special offer. One Tesco worker was finishing off the display when another came along and asked when Shreddies went up to that price!

I ordered a dress from Tesco online for collecting at a store. It says quite clearly on the website to "order by 3 pm for collection after 4 pm next day". It was ordered at 2.55pm on Friday and I am still waiting for my email to say it's in. If it's not here by tomorrow I am cancelling.

They were supposedly building a waitrose up the road to me.....they got planning permission with a travel lodge to be built on the site too....the building or rather the shell has gone up and.......waitrose have pulled out off the 15 year lease at the last minute....the council and planning department are livid...its just standing there, a concrete shell and.....nothing.

Across the road from it used to be a somerfield, that has gone and wilkinsons are suppose to be going there but......nothing.....the main problem is.....lack off parking.

Hewlett Packard is to shed 27,000 jobs worldwide because of falling sales etc. they are hoping to go for early retirement and no indication as yet how many U.K., jobs are at stake.

The Azendi jewellery shop has just gone. Mind you it was next door to the Pandora shop, which sells very similar stuff. There are only so many high end jewellery stores that can survive a recession.

Our local College advertised an evening class for "Make Do And Mend" and all 20 places were snapped up within hours. The admissions lady said they could have filled them three times over. Now they are planning to run more in the autumn.

When you think how Mothers coped after the War with rationing until 1952 they were marvellous. No Fridges, Washing Machines , electric Irons,
Duvets, Central Heating etc., yet they could still cobble together Good Meals.

Panda wrote:Hewlett Packard is to shed 27,000 jobs worldwide because of falling sales etc. they are hoping to go for early retirement and no indication as yet how many U.K., jobs are at stake.

27,000 JOBS,UNBELIEVEABLE,I AM ALSO THINKING YOU CANNOT BE SERIOUS!(IAN MCENROE COMES TO MIND)

Badboy wrote:

Panda wrote:Hewlett Packard is to shed 27,000 jobs worldwide because of falling sales etc. they are hoping to go for early retirement and no indication as yet how many U.K., jobs are at stake.

27,000 JOBS,UNBELIEVEABLE,I AM ALSO THINKING YOU CANNOT BE SERIOUS!(IAN MCENROE COMES TO MIND)

I think you mean John McEnroe BADBOY :grin

Hewlett Pachard employ 300,000 around the World and their CEO realises HP have not kept up with the latest technology. The 27,000 might not all be from the U.K., might be Europe as well.

Panda wrote:

Badboy wrote:

Panda wrote:Hewlett Packard is to shed 27,000 jobs worldwide because of falling sales etc. they are hoping to go for early retirement and no indication as yet how many U.K., jobs are at stake.

27,000 JOBS,UNBELIEVEABLE,I AM ALSO THINKING YOU CANNOT BE SERIOUS!(IAN MCENROE COMES TO MIND)

I think you mean John McEnroe BADBOY :grin

Hewlett Pachard employ 300,000 around the World and their CEO realises HP have not kept up with the latest technology. The 27,000 might not all be from the U.K., might be Europe as well.

I MEAN JOHN MCENROE.
I READ IN GUARDIAN THAT MORE STORES ETC COULD CLOSE
I HAVE ALSO HAD AN INTERESTING IDEA THAT COULD HELP THE SITUATION,BUT PROPERBLY IMPRACTICAL

Panda wrote:
When you think how Mothers coped after the War with rationing until 1952 they were marvellous. No Fridges, Washing Machines , electric Irons,
Duvets, Central Heating etc., yet they could still cobble together Good Meals.

My granny taught us how to knit socks and how to darn socks. Who darns socks these days? She was also great with a sewing needle, mending and making. As for cooking, she did a big meal on Sundays and "stovies," with the leftovers for Mondays and sometimes Tuesdays too! She lived in a tenement, where the women gathered in the wash house to do the laundry. There was a big copper boiler they lit a fire under and they tossed everybody's sheets and things in there. I remember hens running around on the grassy area that some enterprising people kept in coal sheds they had transformed into hen houses. If my granny were alive today, she'd be quite shocked, I reckon, at the trolley loads of convenience foods people trundle through the checkouts.

Half the trolley load will be thrown out I expect.



Booker has taken over struggling makro too.

BAE ARE TO SHED SOME JOBS.
MY LOCAL CLINTON CARDS HAS BEEN SAVED FROM CLOSURE.

I SEE TESCO PROFITS HAVE GONE DOWN.
FLYBE ARE HAVING PROBLEMS.

Nokia are sounding a bit dodgy. Will it be a case of "another one bites the dust"?

Angelina wrote:Nokia are sounding a bit dodgy. Will it be a case of "another one bites the dust"?

Yes Angelina, they are losing money hand over fist , Apple is outperforming and outselling everyone.

Whitbread To Create 3,500 New Jobs This Year

Whitbread, the owner of Costa Coffee and Premier Inn, is planning to create 3,500 new jobs in the UK this financial year.

The coffee shop and restaurant firm enjoyed a strong first quarter, with group like-for-like sales up 4.5%.

Within that, like-for-like sales were up 8.4% at Costa Coffee, and 4.3% at Premier Inn.

Whitbread opened 35 new UK stores over the period; 29 in UK Retail and 6 in Costa Enterprises.

The group said it plans to open a further 4,200 Premier Inn rooms, eight joint site restaurants and 350 new Costa stores this year.

Andy Harrison, Chief Executive of Whitbread, said: "Costa has continued its excellent momentum delivering a 25.3% growth in total sales, with an 8.4% increase in UK like-for-like sales and strong international growth."

He added: "We expect comparative quarterly trading to continue to be variable.

"For the second quarter we face tougher comparatives against a strong result last year, together with the uncertain impact of this summer's major sporting events."

3,500 jobs sounds good but considering that some of the coffee shops are at airports where there is a huge turnover of customers they are almost bound to make a profit there. Premier Inns also have a very quick turnover of customers. The trouble is that in the catering trade there is also a very quick turnover of staff, apart from the "management" side of things. Kitchen staff, cleaners, waiters, etc etc have always seemed to be "here one day gone the next".

Well, that's one bit of good news. Cameron took a few MP's from the Trade Dept to Mexico to try to promote more Trade for Britain since he believes Europe is played out. It took him a long time to realise why Germany is so successful, they Export so much, especially Cars.

http://uk.news.yahoo.com/homebase-sales-slump-lack-summer-081509022--finance.html

Homebase Sales Slump On 'Lack Of Summer'


There has been a sharp decline in sales at the home improvement chain Homebase, which is being blamed on the lack of summer weather.

Home Retail Group, which also owns Argos, said like-for-like sales at Homebase tumbled 8.3% in the 13 weeks to June 2.

It said the purchase of seasonal goods, such as outdoor furniture and barbeques, plunged 15% and was the primary factor for the performance.

Trading at Argos, which had been struggling, picked up over the period with like-for-like sales falling only 0.2% against analysts expectations of a 4% decline.

That compares to a fall of 8.5% in the previous quarter.


The group said business had been volatile across the business over the 13 weeks but it was currently comfortable with market expectations for full-year underlying pre-tax profit.

"We will continue to plan cautiously," said chief executive Terry Duddy.

Many British retailers are under pressure as consumers are squeezed by higher prices, muted wage growth and government austerity measures designed to cut record national debt.

Argos has been particularly hard hit because its mainly low-income customers have suffered most and because it also faces intense competition from supermarket chains, specialists and internet players like Amazon.

Gross margin was down 25 basis points at Argos and up 225 basis points at Homebase.

Home Retail shares, which have lost over half their value over the last year, rose 15% in early trading today.
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RBS AND HSBC RESPECTIVELY ARE TO CUT OVER 600 AND 2,000 RESPECTIVELY BECAUSE OF NEW RULES TO COME IN DECEMBER 2012.

They have to blame it on the new rules Badboy to hide the fact they are losing money like any other Business.

New Look has announced it is to close 100 of it's 600 shops.

QUARTERLY RENT DAY FOR STORES IS ABOUT NOW,EXPECTED TO SEE MORE STORES CLOSE.