Everything to do with Shops

[Fester]

With regard to GAME, they are in the same boat as HMV,
The shop is usually packed with people testing out new equipment, and browsing games.
Then the vast majority go home and order it from Amazon or Play.com

[DaveR]

Select & Save in Upper Mostyn Street has just gone up for sale - trying to get out before Sainsburys arrive, no doubt!

[DaveR]

The 'Pots 2 Colour' shop on 11 Llewellyn Avenue is now available to rent at £10k a year.

[Fester]

The Pots 2 Colour shop is a great retail unit....  its a shame that its just too far off the beaten track to get customers in decent volumes.

[DaveR]

The Pots 2 Colour shop is a great retail unit....  its a shame that its just too far off the beaten track to get customers in decent volumes.

Indeed, it also comes with a very large garage at the back that's ideal for parking/storage.

[Nemesis]

The Pots 2 Colour shop is a great retail unit....  its a shame that its just too far off the beaten track to get customers in decent volumes.

It seems to have been alot of different things that I can remember-- A Gents outfitters, a hairdressers, nail bar, children's makeover, florists and latterly DIY crafts.

[DaveR]

HIGH street clothing chain Peacocks is said to be on the brink of administration as talks with its lenders continue.

A series of complex talks between Peacocks – who have stores right across North Wales – and equity and debt holders have delivered no solutions, a Sunday newspaper said, leaving the future of the company hanging in the balance.

But a spokeswoman for the group said briefly: “Restructuring discussions are ongoing.”

Bon Marche, the 200-shop retailer which is part of the Peacocks Group, is understood to be close to being sold, but there is uncertainty around the remaining 550 Peacocks stores.

http://www.dailypost.co.uk/news/north-wales-news/2012/01/16/peacocks-stores-on-the-brink-55578-30129192/

[Fester]

Peacocks now apparently have 9 days to find new investors... or they will be forced to close.

Bon Marche (owned by Peacocks) has been openly for sale for a good few years, but never really got close to being sold.
That too, unless sold quickly as a going concern, would be forced to close.

Peacocks makes a trading profit, but all that cash and more gets swallowed up by its chronic debt.
It looks bleak, and just what Mostyn Street does not need!

[DaveR]

I don't believe the Peacocks shops are under threat at all, it's a profitable business that will be sold on and prosper under new owners.

[Ian]

Peacocks makes a trading profit, but all that cash and more gets swallowed up by its chronic debt.
It looks bleak, and just what Mostyn Street does not need!

I suspect most of the 'debts' are, in fact, the refusal of landlords to lower their lease costs. It seems the one group - nationally - that's not seeing the current economic climate as a reason for pricing competitively is Landlords.

[DaveR]

That's a good point. High Street rents are far too high and are killing some retailers. I suppose the Landlord's view is that the retailer was happy to sign the Lease and should therefore honour the obligations therein.

[Merddin Emrys]

I've always thought that receiving a lower rent is better than no rent. But then I've never been a landlord and they could argue that they have a mortgage on the property to pay.

[DaveR]

Sainburys advertising for staff at their Llandudno store:
http://sainsburys.jobs/vacancy/search

[Fester]

http://www.bbc.co.uk/news/uk-wales-south-east-wales-16621080

Sadly, Peacocks could not avoid being put into administration on Wednesday.

It doen't mean the end, as the stores will continue trading in the short term, and the bank (Barclays) have not ceased funding the business.  But if it gets sold on, there will be many fewer stores and the remaining business will look very different.

What sticks out for me is the pathetic glib words uttered by the politicians at times like this, at the end of the attached short news article.  They really are useless and it does nothing to allay the worries of employees and families.

[DaveR]

I noticed that Clares were closed yesterday, apparently in preparation for a £647,259 stock clearance that begins today.