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Discussion in 'General Business Forum' started by ryansrs1, Dec 22, 2008.
And now Zavvi goes into administration
There will be a lot more of this in Jan-March, the traditional time for going bust.
I've never heard of or even seen a Zavvi store before todays news.
Zavvi was Virgin Mega Stores....
You bet they do - all leases restructured, low profit units closed, debt written off and new contracts with suppliers. It really is Christmas for these boys - laughing all the way.....
And what's the betting on current management putting together a
package and buying the profitable parts whilst letting the rest sink?
We could all chip in a few quid! I love the Zavvi sign.
There will only be tescos left by the end of 2009....im kidding but it feels like it big store wise.
Thats what happens when you let 1 company sell everything.
went into our local woolworths today. Some of their range really is pathetically outdated. Namely tools (if you call them that) and fittings/ screws etc. I reckon the only market they've been catering for with that tat is the over 60's and ones who arn't particularly bright at that.
It's called capatilism. One company does everything.
Our local Woolies is all the shop fittings too, even the staff lockers
I haven't read all this but I was in the market for a PVR yesterday, Currys had some in stock but it was unknown it was over priced unkown Logik stuff, their staff could not tell me what is was based on.
It is always the same story every time I go in any of DSG's stores I come out empty handed, PCW is good in emergencies.
Halfords is a bit of an odd one, it is good for a look round but I find most parts half price in my local motor factor and they sell proper good quality stuff too.
They are taking a "Everything must go Sale" to the limit.
Shelving is £2 a shelf.
On the contrary I have read in several business publications that Halfords should do quite well during a recession as members of the public dump the £90 per hour mechanic and turn to car tinkering themselves to save a few pennies! I for one will be.
Very sad to see what has happened to Zavvi.......
Now very angry that the gift vouchers I purchased for my family are useless
For anybody with Zavvi gift cards I'd suggest you check the website, as you'll be turned away if you try to use them
One would think so ,but as yet we have not seen much increase in our VAG car parts site.?
maybe early days as the recession has not started to bite yet.:|.
i think people are still in a bit of a shock about how fast this recession has spread! its a domino affect that to the general public appears to have happened in less than 12 months..many people arent' spending at all at the moment because they are just totally shocked by it all.
i think once they start to return to spending in 2009 they will look at cheaper products, maintaining cars longer, taking the bike to work, not spending on pizza's and cooking at home with the kids for a change...but at the moment its as if a lot of retail areas have frozen completely
I think the retail sector has caused many of the problems it is now facing, consumers are being led to believe by both the media and various adverts that massive savings are to be had, and as a consequence the consumers are holding back on their purchases.
Thirty years ago the stores would hold a New Year sale, then it was moved to Boxing Day, then several sales per year were introduced until the situation you have today where sales are an everyday occurance.
The consumers feel they are being ripped off, many stores existing on credit are turning stock over just to make repayments and will find they are working for no real profit.
Time for the retail sector to start offering everyday value for money where their customers feel they are getting a fair deal. Imagine watching the TV adverts on today offering a 30% saving on a price from two days ago, and how the guy who bought at the top end feels, knowing 48hrs later he could have saved £150 on his purchase. He is not going to be a happy client, is he??
I am not sure it is shock, it is complete denial by most people, I was watching the idiots flying in to Selfridges at the sales today on the lunchtime news, they did not look like people in shock, no doubt they will be banging all their purchases on to credit cards and that will be the next thing to hit in the new year I reckon.
It seems many of you have missed the point. For years now all these stores have been driving customers to buy on-line. They wanted this to happen.The recession is just an excuse to hive off profitable parts of the company and dump the leases and almost all these companies - including Zavvis and Woolworths will end up being managemnt buy-outs.
Like the banks and the sub-prime fiasco it is all another big business scam that we end up paying because the government now guarantee redundenacy payments. Rob
Well I did warn you - see: