First retail ‘name’ to pop off 2018
Discussion
davepoth said:
I guess the positive of this is that there is going to be an awful lot of property suddenly available for residential development in the near future. Should help house prices a bit.
Really? Shops, pubs and restaurants dont really make good residential conversions and toys r us type barns definitely do not. davepoth said:
I guess the positive of this is that there is going to be an awful lot of property suddenly available for residential development in the near future. Should help house prices a bit.
You might think that. It could be viewed as a positive except......Depends where you go but I can think of lots of towns where empty shops are rife and stay empty for years.
techiedave said:
You might think that. It could be viewed as a positive except......
Depends where you go but I can think of lots of towns where empty shops are rife and stay empty for years.
Me too - but the ones I can think of like that have cheap property anyway. What's new this time around is that shops are empty with little chance to be re-let in places like London and Bristol, where property prices are crazy.Depends where you go but I can think of lots of towns where empty shops are rife and stay empty for years.
essayer said:
I love how all these places wheel out the excuses as soon as things don’t go their way..”oh the cold weather over Easter means people stay at home” .. no, you idiots, it’s because everything you sell can be bought online 20% cheaper and delivered to me the very next day
You're naïve to think that footfall doesn't have a huge bearing on retail stores, it does. Weather, parking charges, other nearby stores all have an influence. It isn't all to do with "online being cheaper", otherwise these places would have closed years and years ago, Amazon etc have been around on a similar platform for 10 years. A lot of people still like to go shopping, try somewhere like Cheshire Oaks or Bicester Village on a typical weekend, hell even a midweek day, and it is rammed.
And a lot of people cannot have stuff "delivered tomorrow" as they work either out and about or in an office that wont allow or be able to store deliveries.
You seem to think it is very simple, black and white, and it just isn't. If you are taking any delight in the demise of retail outlets, be careful what you wish for. You're 20% cheaper wont have any relevance soon as there will be nowhere to compare it to! So you will end up just paying what everyone else is paying, like it or not!
IMHO, retail sellers need to offer both, online and stores, they need to try to offer product ranges that only they can offer, (ie sole suppliers of some main key lines) and they need to be a lean as possible to survive, lobby Councils to be reasonable with parking cand business rates charges etc. I see no benefit in the death of the High Street to anyone at all and will be potentially catastrophic for society and millions of people who's livelihood depend on it.
Completely noob question here...
But how do share prices work? For example, WHS shares peaked around their trading statement street Christmas. Since then they've declined to the price they were last summer.
What drives this? Is it purely supply and demand? Or is it more to do with people in the city who know things?
But how do share prices work? For example, WHS shares peaked around their trading statement street Christmas. Since then they've declined to the price they were last summer.
What drives this? Is it purely supply and demand? Or is it more to do with people in the city who know things?
Depends what you mean by 'know things'. If you mean knowing stuff from research or public information then yes.
Share prices are determined by supply and demand. That supply and demand is influenced by what people know or think they know about the company and its current or future performance. Lots of people think it will do well: share price rises. New information, such as positive trading statements, change the sum of all knowledge and the supply/demand picture. So people now know something that they didn't before. Independent research could give you information that leads you to think that the accumulated knowledge of the other market participants is wrong and therefore you have an edge - assuming your information is correct (and events work out the way you expect).
If you mean 'inside information' then much less so. It is illegal and you go to jail for it. That's not to say it doesn't happen but it's pretty rare. If the share price reacts before some piece of news comes out, the regulator will investigate the trades that pushed the share price to move. Woe betide you if you have been dealing in that period because they will crawl all over you. That said, it seems like only the small fry get caught doing it.
Share prices are determined by supply and demand. That supply and demand is influenced by what people know or think they know about the company and its current or future performance. Lots of people think it will do well: share price rises. New information, such as positive trading statements, change the sum of all knowledge and the supply/demand picture. So people now know something that they didn't before. Independent research could give you information that leads you to think that the accumulated knowledge of the other market participants is wrong and therefore you have an edge - assuming your information is correct (and events work out the way you expect).
If you mean 'inside information' then much less so. It is illegal and you go to jail for it. That's not to say it doesn't happen but it's pretty rare. If the share price reacts before some piece of news comes out, the regulator will investigate the trades that pushed the share price to move. Woe betide you if you have been dealing in that period because they will crawl all over you. That said, it seems like only the small fry get caught doing it.
Strange to read headlines today saying Easter sunday sales are down 
https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
Taaaaang said:
I wonder what the retail landscape would look like without the millions added to the country in immigration over the last decade or so?
The UK and worlds economies survive on consumption of goods and services, the more consumers the more profit, shrinking populations are not good for the economy. They also rely on a stream of cheap labour. hyphen said:
Strange to read headlines today saying Easter sunday sales are down
https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
There is a law. Sunday Trading Act 1994 means if your store is over 280sq mtres it cant open for more than six hours on a Sunday and not on Easter Sunday at all. Unless it’s at an airport or station or other transport hub https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
On the back of the extensive coverage in the press of Bunnings' takeover of Homebase being the worst in the history of shops
e.g https://www.telegraph.co.uk/business/2018/03/31/ho...
I have visited a couple of their stores in recent days...
Doomed. I will be very surprised if it survives. That would be a shame, but they just don't seem to be trying very hard and have very clearly got very little understanding of the UK market (compared to the domination that the parent co enjoys down under).
e.g https://www.telegraph.co.uk/business/2018/03/31/ho...
I have visited a couple of their stores in recent days...
Doomed. I will be very surprised if it survives. That would be a shame, but they just don't seem to be trying very hard and have very clearly got very little understanding of the UK market (compared to the domination that the parent co enjoys down under).
JPJPJP said:
On the back of the extensive coverage in the press of Bunnings' takeover of Homebase being the worst in the history of shops
e.g https://www.telegraph.co.uk/business/2018/03/31/ho...
I have visited a couple of their stores in recent days...
Doomed. I will be very surprised if it survives. That would be a shame, but they just don't seem to be trying very hard and have very clearly got very little understanding of the UK market (compared to the domination that the parent co enjoys down under).
Strange thing is theyre seeing B&Q as main competitore.g https://www.telegraph.co.uk/business/2018/03/31/ho...
I have visited a couple of their stores in recent days...
Doomed. I will be very surprised if it survives. That would be a shame, but they just don't seem to be trying very hard and have very clearly got very little understanding of the UK market (compared to the domination that the parent co enjoys down under).
B&Q's stablemate Screwfix is where it's at.
No huge shed where you have to wander around for hours trying to find what you want.
Its back to the days of the '4 candles please' counter
craigjm said:
davepoth said:
I guess the positive of this is that there is going to be an awful lot of property suddenly available for residential development in the near future. Should help house prices a bit.
Really? Shops, pubs and restaurants dont really make good residential conversions and toys r us type barns definitely do not. Within the past three years the small delicatessen, the ridiculous trinket shop, the bakery and the furniture shop (which had been there for 30 years.) have all been converted into residential properties. The restaurant has just been split in two (one half to be retail, the other half housing.) and the Post Office and the pet shop are waiting for planning to go through.
We now have two 7/11s, an estate agents, a hairdresser, a plumbers merchant, a café (which has been through three owners in the last 18 months.), a couple of charity shops and errr....... that's it. I would guess that the estate agent is probably on borrowed time too.
I'm in no way a property expert but I would say times are changing and the days of shops hanging around empty might be coming to an end, what with the lack of housing for people and the lack of people wanting to open shops.
The Hypno-Toad said:
While I'd agree with you about the large barns (possibly werehouses/collection points for Amazon et al in the future?), if my village is anything to go by, you might be surprised.
Within the past three years the small delicatessen, the ridiculous trinket shop, the bakery and the furniture shop (which had been there for 30 years.) have all been converted into residential properties. The restaurant has just been split in two (one half to be retail, the other half housing.) and the Post Office and the pet shop are waiting for planning to go through.
We now have two 7/11s, an estate agents, a hairdresser, a plumbers merchant, a café (which has been through three owners in the last 18 months.), a couple of charity shops and errr....... that's it. I would guess that the estate agent is probably on borrowed time too.
I'm in no way a property expert but I would say times are changing and the days of shops hanging around empty might be coming to an end, what with the lack of housing for people and the lack of people wanting to open shops.
Could it be we are heading for a recession?Within the past three years the small delicatessen, the ridiculous trinket shop, the bakery and the furniture shop (which had been there for 30 years.) have all been converted into residential properties. The restaurant has just been split in two (one half to be retail, the other half housing.) and the Post Office and the pet shop are waiting for planning to go through.
We now have two 7/11s, an estate agents, a hairdresser, a plumbers merchant, a café (which has been through three owners in the last 18 months.), a couple of charity shops and errr....... that's it. I would guess that the estate agent is probably on borrowed time too.
I'm in no way a property expert but I would say times are changing and the days of shops hanging around empty might be coming to an end, what with the lack of housing for people and the lack of people wanting to open shops.
Any time i am in a high street i just feel as though the locals are skint (as skint as i am)
Nothing feels particularly prosperous right now.
Interest rate and debt driven property renovations / building kept the lights on for a while but people are now wise, and skint, and reigning it in.
The problem is, as you say, plots shops and factories are being replaced with housing, largely unaffordable. How can the local economy recover is beyond me
The Hypno-Toad said:
if my village is anything to go by, you might be surprised.
Within the past three years the small delicatessen, the ridiculous trinket shop, the bakery and the furniture shop (which had been there for 30 years.) have all been converted into residential properties.
To be honest I wasn’t thinking small village I was thinking more of town and city centres. I will concede that village and small town locations may be viable but I couldn’t imagine a vacant shop say in the middle of Leicester or Reading etc really being suitable Within the past three years the small delicatessen, the ridiculous trinket shop, the bakery and the furniture shop (which had been there for 30 years.) have all been converted into residential properties.
Grandad Gaz said:
H&M are expected to be closing some shops and opening fewer new ones.
There is a big new one due on a redevelopment in the centre of Kings Lynn. I wonder if they will pull the plug on it?
The company behind it have opened multiple new brand over last 12 months,3 or 4 now on Regent Street, so they could change the store to another name I suppose.There is a big new one due on a redevelopment in the centre of Kings Lynn. I wonder if they will pull the plug on it?
Recently have h&m have been massively pushing people to sign up online with 10% or more off first orders along with giving loyalty points and free delivery.
Edited by hyphen on Monday 2nd April 14:32
craigjm said:
hyphen said:
Strange to read headlines today saying Easter sunday sales are down
https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
There is a law. Sunday Trading Act 1994 means if your store is over 280sq mtres it cant open for more than six hours on a Sunday and not on Easter Sunday at all. Unless it’s at an airport or station or other transport hub https://www.theguardian.com/business/2018/apr/01/e...
I was in central London yesterday and 80%+ of retail had actually chosen to not open, nothing of note was open despite usual high volumes of people.
Can't be doing that bad if stores chose to have themselves a day off.
Was very suprised, as of some were open then no law against that made the others close?
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