Halfords next to go???

Discussion in 'General Business Forum' started by ryansrs1, Dec 22, 2008.

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  1. ryansrs1

    ryansrs1 UKBF Newcomer Free Member

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    Heard a romour that Halfords are next to go bust early next year and DSG Retail Group which includes Dixons/Currys/PC World could be going as well. B & Q is another???

    Seems like its retail thats getting badly hit at mo, though am i right in thinking places like priemark, peacocks and poundland would do well out of this. Based on that people will be spending less and when they do spend they will go to these kind of shops as their budget less (or just being carefull with their cash?).

    Cheers
    J
     
    Posted: Dec 22, 2008 By: ryansrs1 Member since: May 4, 2008
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  2. FireFleur

    FireFleur UKBF Newcomer Free Member

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    PC World has been on the cards for a while.

    It going to be very rough early next year, a lot of big names will go to the wall, the financial structuring is wrong for them, and they haven't had enough time to change.

    Tescos could get caught out by its move into the US, that got Laura Ashely and M&S.With the downturn and the move at the same time it is a bad time to try and move into the US. People will shop with brands they know to be either very cheap or owned and run primarily in that country (or state).

    So, this could mean the return of the smaller retailer.
     
    Posted: Dec 22, 2008 By: FireFleur Member since: Oct 29, 2008
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  3. davidshaw89

    davidshaw89 UKBF Newcomer Free Member

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    being careful with cash doesn't mean people will buy the cheapest.

    People who are prudent with money will realise the long term value of spending more initially for quality - 'credit crunch' hype will not change this.

    cheaper goods are not necessarily the way forward.
     
    Posted: Dec 22, 2008 By: davidshaw89 Member since: Jan 19, 2008
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  4. Comspec

    Comspec UKBF Newcomer Full Member - Verified Business

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    I would be so disappointed if PCW and the rest of its chain were to go.......so bitterly disappointed ;)
     
    Posted: Dec 22, 2008 By: Comspec Member since: May 8, 2006
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  5. mitch@volume

    [email protected] UKBF Regular Free Member

    212 35
    i do hope so :D *sees pound signs in front of eyes* lol

    not really, i know a lot of halfords employees and it would be a shame to see even more people out of work.
     
    Last edited: Dec 22, 2008
    Posted: Dec 22, 2008 By: [email protected] Member since: Oct 14, 2008
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  6. saracen

    saracen UKBF Newcomer Free Member

    855 66

    Where did you hear that rumour ? LSE traders board lol


    Seriously though, DSG are not having a smooth ride, check out their financials, the proof is in the pudding.

    B&Q - they will be around for a long time.

    Halfords. I've not heard any news yet but i'll look into them.
     
    Posted: Dec 22, 2008 By: saracen Member since: Oct 7, 2007
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  7. saracen

    saracen UKBF Newcomer Free Member

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    Halfords financials.


    Market Cap. [ 493.52m] Shares In Issue [209.79m]
    Beta0.65
    EPS 29.30
    DPS15.10
    PE8.03
    Ratio Yield 6.42
    52-Wks-Range 322.25 - 202.00


    LONDON, Dec 1 (Reuters) - Halfords Group, the car maintenance chain and
    retailer of cycles, said on Monday it would cut around 250 jobs as the impact of
    the economic downturn bites.
    Halfords, which runs 455 stores selling items such as spark plugs, car
    radios and bicycles, said around 200 jobs would go at its retail outlets in the
    UK and 50 at its head office in Worcestershire, England.
    "The current economic downturn is heavily impacting upon the British
    retail market, and in order to create a platform for growth in this tough
    trading environment, we must review those activities within the business that
    can be carried out more effectively," Halfords said in a statement.
    "The review will result in the loss of around 50 roles in head office,
    which represents less than 7 percent of the workforce, and 200 roles in our
    stores, which represents around 2 percent of colleagues working in stores," the
    statement added.
     
    Last edited: Dec 22, 2008
    Posted: Dec 22, 2008 By: saracen Member since: Oct 7, 2007
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  8. maria102

    maria102 UKBF Newcomer Free Member

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    Lets hope so because a lot of blood sweat and tears goes with retail now, people are really thinking long and hard before they make a commiment and you really have to put the legwork in to get the pricepoint right and offer customer service above and beyond. People are getting sick of places like Primark and the like because they can no longer afford disposable fashion, they want things that last.
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  9. cjd

    cjd UKBF Legend Full Member - Verified Business

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    then we'd better start teaching our kids how to repair things.........
     
    Posted: Dec 22, 2008 By: cjd Member since: Nov 23, 2005
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  10. maria102

    maria102 UKBF Newcomer Free Member

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    Probably, a button fell of my saturday girls coat today so she asked if I would find her another one for her grandad to sew on :eek:
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  11. lockie

    lockie UKBF Newcomer Free Member

    1,386 313
    Most products now are not designed to last. Only people like snapon tools offer lifetime guarantees.
     
    Posted: Dec 22, 2008 By: lockie Member since: May 4, 2007
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  12. Matt1959

    Matt1959 UKBF Legend Free Member

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    talking about clothes, I wish someone would tell me where to buy decent mens clothing that doesn't look knackered after 3 washes and at a price I can afford. Now and again I buy a shirt that lasts for years but thats rare!
     
    Posted: Dec 22, 2008 By: Matt1959 Member since: Sep 8, 2006
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  13. maria102

    maria102 UKBF Newcomer Free Member

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    :D
    Depends in which context, certainly not true with some fashion labels, though is true of the cheaper fast fashion.
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  14. maria102

    maria102 UKBF Newcomer Free Member

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    You never know Matt, I might branch out into menswear. Its true though, the really cheap rubbish is false economy.
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  15. F1SEO

    F1SEO UKBF Regular Free Member

    371 52
    that's true. 'When you don't have much money you can't afford to buy cheap'. Cheap hardly lasts or after some time you think it looks cheap and end up buying something else.
     
    Posted: Dec 22, 2008 By: F1SEO Member since: Sep 23, 2007
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  16. Matt1959

    Matt1959 UKBF Legend Free Member

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    lol, well there you go, theres an oppourtunity to ensure customers are informed purchasers! meself, I think of clothes shops generally (not small ones so much and probally contridicting myself from the other night) as outlets for whatever the owner can make most profit on - so for the consumer its pot luck. I've got a shirt from Ciro Citerrio thats 10 years old and looks fine and shirt from River Island that looked ****e after 3 washes both around the £20 mark. Maybe I'm not spending enough:rolleyes:
     
    Posted: Dec 22, 2008 By: Matt1959 Member since: Sep 8, 2006
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  17. maria102

    maria102 UKBF Newcomer Free Member

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    Its about choosing well, TK Maxx is fine for good quality discount clothes though its last seasons stuff. Does well for staples though - not in the clippy sense though :p
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  18. saracen

    saracen UKBF Newcomer Free Member

    855 66
    I always find TK Maxx not very good, so i go to the posh outlet call "Mat-Alan"
     
    Posted: Dec 22, 2008 By: saracen Member since: Oct 7, 2007
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  19. maria102

    maria102 UKBF Newcomer Free Member

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    I have to disagree, you can get Prada in TK Maxx now, plus they stock overruns from the current season (cue my best buy in the summer Alexander McQueen shirt)... oh, btw, did I tell you that I have my own ladieswear designer boutique and making statements like that don't do me any favours! :eek:
     
    Posted: Dec 22, 2008 By: maria102 Member since: Oct 25, 2005
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  20. GBMaps

    GBMaps UKBF Newcomer Free Member

    126 17
    I quite like the idea of all these 'big' chain stores (pcw, dixons, b&Q etc.) going under. They have been attracting folk away from smaller(often better) local stores and smaller chains(the ones with only a few stores, not hundreds!) for ages now. I think in the coming months it will be get better for smaller businesses, people still have to buy stuff, whatever it is they have now, WILL wear out, break, get nicked etc. There will be a flurry of new one-man-band businesses starting up all over and people will start to shop locally and use smaller companies again.
    There's gonna be silver in this here cloud ;-)
    Cheers.
     
    Posted: Dec 22, 2008 By: GBMaps Member since: Nov 20, 2006
    #20
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