Austin Reed Files Notice For Administration With 1,000 Jobs At Risk

[winkie]

Even more so for a company that sells suits in a low wage, low skill, tax credit economy. You only need to wander round a town/city for 5 mins to see that most people are scruffy ***** nowadays - and I count myself in that. Whether temporary or not it seems to be a cultural change in fashion as much as a death of high street issue.

Agreed like the man digging the hole, white collar jobs are a dying breed.... The same for women's ballgowns and cocktail dresses....sign of the changing times.

[TheCountOfNowhere]

http://news.sky.com/story/1685228/austin-reed-set-to-appoint-administrator

Austin Reed Set To Appoint Administrator

[TheCountOfNowhere]

Did everyone get rid of their vouchers at the weekend ?

[council dweller]

Winkie..............

I `m wearing a rather fetching strapless ball gown as I write. I`m sure half the blokes on here are wearing the same.

[reddog]

Even more so for a company that sells suits in a low wage, low skill, tax credit economy. You only need to wander round a town/city for 5 mins to see that most people are scruffy ***** nowadays - and I count myself in that. Whether temporary or not it seems to be a cultural change in fashion as much as a death of high street issue.

Austin Reed sold some quality stuff, much higher quality than Marks and Spencer (not that M&S is high quality these days). It's sad, many people say they are interested in quality, but when given the choice buy something from primark that falls apart after a few washes (the obvious exception is if they are buying something that has a big label that gives them 'status')

[Guest eight]

Austin Reed sold some quality stuff, much higher quality than Marks and Spencer (not that M&S is high quality these days). It's sad, many people say they are interested in quality, but when given the choice buy something from primark that falls apart after a few washes (the obvious exception is if they are buying something that has a big label that gives them 'status')

Well that's interesting to know, in retrospect, as I had literally never heard of this chain until I read this thread. Even when I saw the title I thought it was a recruitment agency.

[Austin Allegro]

Austin Reed always seemed to me to fill a rather odd gap between the high street chains such as M&S, and top end off the peg retailers of the type you only get in London or some large cities, such as Roderick Charles, Charles Tyrwhitt etc. I would imagine there is very little demand for that sort of thing outside London anyway. Fewer and fewer men have to dress in a suit, shirt and tie for work nowadays and most of those that do seem to get shiny tight suits from Primark.

[Guest eight]

Austin Reed always seemed to me to fill a rather odd gap between the high street chains such as M&S, and top end off the peg retailers of the type you only get in London or some large cities, such as Roderick Charles, Charles Tyrwhitt etc. I would imagine there is very little demand for that sort of thing outside London anyway. Fewer and fewer men have to dress in a suit, shirt and tie for work nowadays and most of those that do seem to get shiny tight suits from Primark.

I once bought a suit from Matalan. The cashier asked me what I was up for.

[juvenal]

Winkie..............

I `m wearing a rather fetching strapless ball gown as I write. I`m sure half the blokes on here are wearing the same.

I'm a cocktail dress man myself...

[spunko2010]

Looks like it's spreading across the pond... I missed this in March:

http://www.cnbc.com/2016/04/26/sports-authority-to-opt-for-liquidation-report.html

[TheCountOfNowhere]

http://news.sky.com/story/1704717/austin-reed-to-close-all-stores-by-end-of-june

"

Austin Reed To Close All Stores By End Of June"

Reed all about it...

[Si1]

So have higher end estate agents started buying cheaper suits then?