Jump to content
House Price Crash Forum
Woot

Which High Street Stores Have Gone Into Administration Now?

Recommended Posts

Woollies

Adams

Morgan

USC

MFI

Zavvi

Whittard

Olan Mills

Motorworld (who are they?!)

Ferraris (Welsh bakers)

Celebrations Group (Card Warehouse etc)

A year or two ago, how many saw this coming?

It would be interesting to keep track - a halt in shops going into administration may be an indicator of bottoming-out... I suspect we aren't going to see that for a while though since many have seen their credit lines dry up.

Share this post


Link to post
Share on other sites

The branch of Olan Mills in my home town closed 2 years ago, taking some people's money with them.

Motorworld have been in admin since September I think, my local one is still open, took over a branch of 'Charlie Browns' when they were in trouble.

Share this post


Link to post
Share on other sites

Thanks for making this thread. I knew there were a couple, but had already forgotten most of those. You figure its just getting started to, as the recession has barely started and already those are out of cash.

Hopefully we can use this thread to keep an updated version of the list. As when weeks and months go by it will be easy to forget which shops went down.

Edited by aa3

Share this post


Link to post
Share on other sites

Yep, be nice to see this stickied.

My uninformed impression is that those that have gone to the wall already, - and those that go to the wall in the next couple of months - will be primarily those that were heavily indebted. I think we'll see at least another month of similar over leveraged retailers falling, and then a second wave who are not over indebted, but are hit by the simple lack of sales as consumers tighten their belts.

It'll be the second wave retailers that I have sympathy for.

Share this post


Link to post
Share on other sites
Back in the summer/autumn there was Dolsis, Stead + simpson (shoes),as well as Rosebys (curtains and bedding ).

Theres quite a fewer older ones we could put in, but how far back should we go?

I personally think we should start with Woolies

Share this post


Link to post
Share on other sites

A well run retail company has a lot of options when there is a downturn. Of course the most obvious one is letting staff go. Squeezing suppliers also puts pressure on jobs elsewhere. Although these headline failures set the mood music I suspect that retrenchment by the big stores is going to have more effect. I don't think we'll be out of the woods when shops stop going bust.

Share this post


Link to post
Share on other sites
Blockbuster Video is rumoured to be shakey, prob because many people are getting a digital TV package, and can buy films on demand.

That, and the fact that, as every film I (and so I presume others) hire(d) from them for the last few years seems to have been used as a drinks coaster and is unplayable may also be reducing their customer base.

Share this post


Link to post
Share on other sites
The following national retailers have been placed into administration:

Woolworths

MFI

The Pier

Zavvi

Whittard

Officers Club

USC

Olan Mills

Morgan

You need to add Adams to that.

Edited by slurms mackenzie

Share this post


Link to post
Share on other sites
That, and the fact that, as every film I (and so I presume others) hire(d) from them for the last few years seems to have been used as a drinks coaster and is unplayable may also be reducing their customer base.

LOVEFILM has taken a large slice of the DVD rental market. It's cheap, easy and no late fees. I've been with them for 3 years and am overall quite satisfied with the service. Only had two incorrect discs sent to me, and a couple have been faulty.

The Bluray hire charge is no dearer than DVD either. :)

Share this post


Link to post
Share on other sites

Why don't we have a bad news amnesty day?

Aren't you lot fed up posting disaster stories?

How about something good?

You must walk round with a black cloud over your head 24/7.

Let me guess.........

Your mostly single.

You don't go out much.

You haven't got many friends and you pay your electric on a key meter.

Share this post


Link to post
Share on other sites
Why don't we have a bad news amnesty day?

Aren't you lot fed up posting disaster stories?

How about something good?

You must walk round with a black cloud over your head 24/7.

Let me guess.........

Your mostly single.

You don't go out much.

You haven't got many friends and you pay your electric on a key meter.

Not at all! Celebrated my third anniversary a fortnights ago, I go out once/ twice a week (weird shifts), I have quite a few mates/ hopos and pay may leccy by DD.

Incidentally, and as you've probably noticed, I'm overjoyed by the coming economic firestorm. Happy as a pig in shit, in fact (private joke, but it amuses me). :lol:

Share this post


Link to post
Share on other sites
Why don't we have a bad news amnesty day?

Aren't you lot fed up posting disaster stories?

How about something good?

You must walk round with a black cloud over your head 24/7.

Let me guess.........

Your mostly single.

You don't go out much.

You haven't got many friends and you pay your electric on a key meter.

And you complained about being moved to the Trolls group??

Share this post


Link to post
Share on other sites
Why don't we have a bad news amnesty day?

Aren't you lot fed up posting disaster stories?

How about something good?

You must walk round with a black cloud over your head 24/7.

Let me guess.........

Your mostly single.

You don't go out much.

You haven't got many friends and you pay your electric on a key meter.

Would you like to live in a world where good news was considered newsworthy?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.