more store closures and job cuts ahead in uk?

Quote
The group recently struck a deal with the low-cost carrier, easyJet, to block-book tens of thousands of seats on its aircraft – a move analysts believe signals a greater reliance on third-party carriers in future.
Unquote.

Well, that rules me out of ever using Thomas Cook again.....

BAE IS TO SHUT A SHIPYARD? IN GOVAN,GLASGOW,MIGHT HAVE IT WRONG HOWEVER.

malena stool wrote:Quote
The group recently struck a deal with the low-cost carrier, easyJet, to block-book tens of thousands of seats on its aircraft – a move analysts believe signals a greater reliance on third-party carriers in future.
Unquote.

Well, that rules me out of ever using Thomas Cook again.....

Malena, the standard of Airline travel today is getting much worse, Carriers delaying flights without a valid reason . Flybe is the worst , the last two flights of 55 minutes I was on have had to land in Exeter for over 3 hours due to problem in the aircraft and weather conditions.

COMET IS TO SACK ALL 5,000 WORKERS AND ALL STORES,METHINKS
BIGGEST HIGH STRRET STORE COLLAPSE SINCE WOOLWORTH COLLAPSED

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   HMV faces 'probable' banking agreement breach
   

Troubled entertainment retailer HMV has warned it could breach its banking agreements in January as sales took a tumble in a weak market.








HMV is being supported over the vital Christmas trading period with funding of around £40m from its suppliers. Photo: EPA






By Rachel Cooper

8:12AM GMT 13 Dec 2012


54 Comments




HMV, which sells music, DVDs and devices such as headphones, said that current trading conditions meant the business was facing "material uncertainties" and warned of a "probable covenant breach at the end of January 2013".





But, the chain added that it was in "constructive discussions" with its banks and was keeping them fully informed on current trading.


First-half sales at HMV slipped 13.5pc to £288.6m, while like-for-like sales fell 10.2pc, with the chain saying it had been affected by a "poor release schedule" across the summer months as suppliers avoided events such as the Diamond Jubilee.


With games, music and films on the wane, HMV said that other products, including technology, now make up 17pc of its product mix. Like-for-like sales of games and technology products increased by 6pc.



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  HMV supported with £40m from suppliers
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Losses before tax stood at £37.3m in the 26 weeks to 27 October, compated to £48.1m in the same period last year.

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Trevor Moore, who joined HMV as chief executive in September, said it had been a "difficult first half" for the retailer. But he added: "The business has started to deliver a number of new initiatives which will help to maximise the seasonal sales opportunity and provide a platform for growth in 2013.

"Additionally, as we trade through this period we will continue to develop further initiatives with our suppliers and I will provide updates at the appropriate time."

HMV is being supported over the vital Christmas trading period with funding of around £40m from its suppliers, the Telegraph reported on Wednesday.

Music publishers and film studios are desperate to see the beleaguered high street chain prosper as internet retailers erode their margins and online piracy damages sales.

It is understood that HMV has secured greater access to music and film suppliers’ back catalogues and is buying stock on consignment, meaning the retailer pays only for products if it sells them.

Shares in HMV sank almost 40pc in early trading to 2.6p.

I BROUGHT A £100 HMV VOUCHER/TOKEN TODAY,HOPE MY ELDER BROTHER CAN SPEND IT,I SEE MY LOCAL HAWKINS BAZAAR IS STILL TRADING IN SPITE OF THE FACT THEY SUPPOSEDLY WENT INTO ADMIN,ALSO SAW A WHITTARD STILL TRADING,THOUGHT THEY WERE IN ADMIN ALSO

COMET HAS CLOSED WITH THE LOSS OF 4,000? JOBS,TAXPAYERS TO PICK UP COSTS OF REDUNDANCY.

There's a new Barratts shoe shop opening in our town.

There's a new charity shop opening near me and a coffee shop......whoopppeeeee ..

kitti wrote:There's a new charity shop opening near me and a coffee shop......whoopppeeeee ..

TALKING ABOUT NEW COFFEE SHOP,A NEW COSTA SHOP HAS OPENED ABOUT 100 YARDS FROM ANOTHER COSTA COFFEE SHOP.

you'll be having coffee coming out of your ears then badboy!

THEY WERE SAYING SOME TIME AGO THAT CHARITY SHOPS,HAIRDRESSERS AND COFFEE SHOPS AS WELL AS RESTAURANTS ETC WOULD BE THE FUTURE OF THE HIGH STREET.

IT IS BEING SAID THAT 140 RETAIL GROUPS ARE IN DANGER OF COLLAPSING AFTER CHRISTMAS AND 13,700 RETAILERS MIGHT GO UNDER IN THE NEXT YEAR.
I WONDER HOW MANY JOBS MIGHT GO IF THE ABOVE HAPPENS.
I WONDER WHOM THE ABOVE RETAILERS ARE(HMV ETC)

Jessops in administration. The first of how many this year???

Badboy wrote:THEY WERE SAYING SOME TIME AGO THAT CHARITY SHOPS,HAIRDRESSERS AND COFFEE SHOPS AS WELL AS RESTAURANTS ETC WOULD BE THE FUTURE OF THE HIGH STREET.

Well 'They' were right.That pretty much describes my local high street.Add a supermarket,chemist,3 x estate agents and a newsagent and 3 x cheap booze shops.

Play.com closes direct-to-consumer retail business

http://www.thebookseller.com/news/playcom-closes-direct-consumer-retail-business.html

Angelina wrote:Jessops in administration. The first of how many this year???

SURPRISED TO HEAR THAT,THEY SAY 140 RETAILERS ARE IN TROUBLE RIGHT NOW WITH PERHAPS 13,00 JOBS MAYBE GOING DOWN THE PAN OVER THE YEAR.

Not suprised to hear more retail is in trouble. My nearby town is filled on a Friday (market day) with people not buying in the shops or market... but you try to get a seat in the many cafes and its nearly impossible.

On Line shopping will finish off some more yet.Not surprising Jessops went as only keen photographers will be buying cameras as most of us have phones.
Think clothes shops and jewelers will probably keep going as most of us still like to try stuff on and see what we're getting.
Record shops/dvd's are finished except you may find the odd specialist somewhere.

Wouldn't surprise me if another 'Big' retailer goes at some point,maybe W.H.Smiths as what they sell is cheaper on the net.Boots will probably continue to specialise and down size.

We now have four Indian restuarants,two Chinease,a Costa Coffee,three cafes,two chip shops and a Kebab shop all within 100 yards.
They all manage to survive,despite some nights having next to no customers,because they are mostly run by Asian families who all live in small flats above the shops.

My washing machine broke down.....guess who I got it from and the insurance cost me £150 from....Comet



B......s!!!!!

kitti wrote:My washing machine broke down.....guess who I got it from and the insurance cost me £150 from....Comet



B......s!!!!!

Kitti. If your machine is less than a year old try the manufacturer as its got to be guaranteed for a year and i would still try the manufacturer if its a bit older as some will do 'ex gratia' repairs if its a little bit out of warranty.
Also if your insurance was with Comet (extended warranty) it may still be covered.

http://www.thisismoney.co.uk/money/experts/article-2228165/Is-Comet-extended-ExtraCare-warranty-worthless.html

HONDA TO SACK 500 WORKERS IN SWINDON BECAUSE EXPECTED INCREASE IN SALES DIDN'T HAPPENED.

BBC NEWS SAY 800 JOBS AT HONDA TO GO

ALL JESSOPS STORES ARE TO BE CLOSED.

I doubt Currys/PC World, DFS and possibly Argos will last the year.