Poundland doomed?
Discussion
Seems the South African owner of our favorite store(s) are in the mire!
http://www.dailymail.co.uk/money/markets/article-5...
http://www.dailymail.co.uk/money/markets/article-5...
Poundland itself is in pretty good shape. Its revenue, cashflow and profit look solid.
It is the worldwide parent umbrella company that is struggling. Top execs have been cooking the books and building silly levels of debt.
Superdrug is also in good shape. It is surprisingly profitable and revenues are rising.
https://www.retailgazette.co.uk/blog/2017/07/super...
It is the worldwide parent umbrella company that is struggling. Top execs have been cooking the books and building silly levels of debt.
Superdrug is also in good shape. It is surprisingly profitable and revenues are rising.
https://www.retailgazette.co.uk/blog/2017/07/super...
essayer said:
Doesn’t inflation eventually doom all pound-stores anyway?
Multiyork are the highest profile casualty of this winter IIRC
I've always though the concept was seriously flawed. Multiyork are the highest profile casualty of this winter IIRC
Having a USP that's eroded by inflation means at some point you have to reinvent the USP, or reduce the portions/sizes/weights.
Boots mainly from footfall, it always seems quiet whenever I go in.
Debenhams from mail shots, getting at least 2 emails a day promoting offers/discounts. They seem to start a new seasons with offers, a week later we have reductions, then mid reason sale, the another offer before finishing with end of season sales, all seems a little bit desperate.
Debenhams from mail shots, getting at least 2 emails a day promoting offers/discounts. They seem to start a new seasons with offers, a week later we have reductions, then mid reason sale, the another offer before finishing with end of season sales, all seems a little bit desperate.
voyds9 said:
Boots mainly from footfall, it always seems quiet whenever I go in.
Debenhams from mail shots, getting at least 2 emails a day promoting offers/discounts. They seem to start a new seasons with offers, a week later we have reductions, then mid reason sale, the another offer before finishing with end of season sales, all seems a little bit desperate.
I think that's what's known as marketing!Debenhams from mail shots, getting at least 2 emails a day promoting offers/discounts. They seem to start a new seasons with offers, a week later we have reductions, then mid reason sale, the another offer before finishing with end of season sales, all seems a little bit desperate.
With very few exceptions retailers have to throw everything at it now.
Debenhams and Boots will be fine.
Poundland is trading well. The issue aiui is the South African parent caught in an accounting scandal leading to concerns of the viability of the overall group & when that happens, credit insurers get nervous & when that happens, suppliers start demanding cash upfront & when that happens, the end is in sight.
Had to chuckle at this:
Anyone who's ever dealt with them knows that is literally true but a function of their ineptitude rather than any one supplier beating a path to their door. Bilston, Jesus wept.
Had to chuckle at this:
Anyone who's ever dealt with them knows that is literally true but a function of their ineptitude rather than any one supplier beating a path to their door. Bilston, Jesus wept.
essayer said:
I don’t know how Maplin are still going tbh
It's not looking good https://www.theregister.co.uk/2017/10/24/credit_in...Can't see Poundland failing, the place is always packed and they are expanding to stuff at £2+ now.
Agree with Maplins surviving against all expectations. They clearly have a ready supply of rich electronics hobbyists as customers who don't ever shop online.
Not sure Halfords has the pull factor it used to, and last time I was in one it had twice as many staff as customers.
WH Smith is one that I think will suffer with ongoing decline of print media, as their stationery is overpriced and the main essentials can be had online (or Poundland). I think the airport/station stores would be kept regardless
It's not retail I know but on the High St I think we're going to see more shrinkage in restaurant chains, once people tire of the pricier burger joints like Five Guys & GBK etc now that McD's are upping their game
Agree with Maplins surviving against all expectations. They clearly have a ready supply of rich electronics hobbyists as customers who don't ever shop online.
Not sure Halfords has the pull factor it used to, and last time I was in one it had twice as many staff as customers.
WH Smith is one that I think will suffer with ongoing decline of print media, as their stationery is overpriced and the main essentials can be had online (or Poundland). I think the airport/station stores would be kept regardless
It's not retail I know but on the High St I think we're going to see more shrinkage in restaurant chains, once people tire of the pricier burger joints like Five Guys & GBK etc now that McD's are upping their game
jsc15 said:
Can't see Poundland failing, the place is always packed and they are expanding to stuff at £2+ now.
Agree with Maplins surviving against all expectations. They clearly have a ready supply of rich electronics hobbyists as customers who don't ever shop online.
Not sure Halfords has the pull factor it used to, and last time I was in one it had twice as many staff as customers.
WH Smith is one that I think will suffer with ongoing decline of print media, as their stationery is overpriced and the main essentials can be had online (or Poundland). I think the airport/station stores would be kept regardless
It's not retail I know but on the High St I think we're going to see more shrinkage in restaurant chains, once people tire of the pricier burger joints like Five Guys & GBK etc now that McD's are upping their game
Poundland is in good shape. It is the sector's strongest brand.Agree with Maplins surviving against all expectations. They clearly have a ready supply of rich electronics hobbyists as customers who don't ever shop online.
Not sure Halfords has the pull factor it used to, and last time I was in one it had twice as many staff as customers.
WH Smith is one that I think will suffer with ongoing decline of print media, as their stationery is overpriced and the main essentials can be had online (or Poundland). I think the airport/station stores would be kept regardless
It's not retail I know but on the High St I think we're going to see more shrinkage in restaurant chains, once people tire of the pricier burger joints like Five Guys & GBK etc now that McD's are upping their game
Maplin is losing cash. It is no longer cheap, its website is terrible, and stores are always understocked or overpriced.
Halfords is growing revenue and in fair shape, due to trendy bikes.
WH Smith is in excellent shape. Its highstreet stores remain profitable and its travel stores (airports) are a gold mine.
Of all those 4 brands, only Maplin looks shaky.
Yipper said:
jsc15 said:
Agree with Maplins surviving against all expectations. They clearly have a ready supply of rich electronics hobbyists as customers who don't ever shop online.
Maplin is losing cash. It is no longer cheap, its website is terrible, and stores are always understocked or overpriced.
Just to counter your constant Maplin bashing. I’ve popped into three separate branches over the past few months while working in town. Each time I’ve been greeted by friendly enthusiastic staff who are willing to help and locate parts etc. I’ve left the stores with more or less what I needed to get me out of a spot. Some of the stock is real random shizzle but to a get a chiller back up and running its saved my bacon a few times.Maplin is losing cash. It is no longer cheap, its website is terrible, and stores are always understocked or overpriced.
If I can wait till next day I use RS components as it will be exactly what I need but you really do pay through the nose unfortunately.
Now Cromwell tools don’t even get me started on how inept those clowns are. Nothing in stock that advertised on their website and always on back order. Both luton and Rochester let me down. Ended up getting what I needed from Amazon.
Edit to add - god knows what I did regarding to the quote function.
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