Wednesday, December 14, 2011

High Street Goes Tits Up

Thomas Cook to close 200 stores, cut jobs as it posts loss

The travel agent Thomas Cook is to close up to 200 stores and potentially cut 1,000 jobs as it battles to turnaround its struggling UK business.The company, which warned last month that it needed to renegotiate its debt with lenders, confirmed the closures as it posted a pre-tax loss of £398m for the year to September 30.

Posted by doomdog @ 09:54 AM (3072 views)
Please complete the required fields.



4 thoughts on “High Street Goes Tits Up

  • thats ok it leaves some space for more tescos and some overpriced cheap bedsits all will be ok we are saved

    Reply
    Please complete the required fields.



  • Recession is good for culling redundant business models. Its just so easy to source your own flight, accommodation, tours etc anywhere in the world without moving from your PC – as more people become enlightened to this more travel agents will disappear.

    Reply
    Please complete the required fields.



  • plus 500 hotels and some of its airline fleet

    wont be long before it gets it ticket

    Reply
    Please complete the required fields.



  • Reasonably though, aside from the gloomy economy, I don’t think Thomas Cook was going to maintain such a large high street presence as the generation that requires a shop slips out of their consumer base. I think this is true for quite a lot of the high street, its not the economy, and its not the out of town centres, its just the internet.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>