What chains will be gone by the end of 2012

[Banned]

Tesco down on Christmas sales http://www.theretailbulletin.com/news/tesco_disappointed_by_christmas_trading_12-01-12/

So back on topic, and I've said it before, Tesco won't go out of business but I predict at some point in the next five years they will start closing stores. They peaked a while ago and through arrogance continued expanding, that can only last so long before they implode.

To the Tesco lovers, yes they have huge reserves, they also have huge overheads and a 10% loss of business over six months would all but finish them.

 

[quikshop]

To the Tesco lovers, yes they have huge reserves, they also have huge overheads and a 10% loss of business over six months would all but finish them.

Don't be silly. Tesco's focus has been online and overseas of which performance is improving in line with expectations, particularly the US market which is crucial to their plans for World domination.

They've lost a small amount of market share to aggressive competitors due to an ill timed price drop promotion, but are still way out ahead.

If you are in to such things, at these prices their shares look like a very interesting dabble for a medium term hold

 

[Banned]

Don't be silly. Tesco's focus has been online and overseas of which performance is improving in line with expectations, particularly the US market which is crucial to their plans for World domination.

They've lost a small amount of market share to aggressive competitors due to an ill timed price drop promotion, but are still way out ahead.

If you are in to such things, at these prices their shares look like a very interesting dabble for a medium term hold

Sorry, should have said I'm on about the UK market. However, Tesco may just find they have bitten off more they can chew if they take on Wallmart in the States, that mistake alone could finish them worldwide.

 

[quikshop]

Sorry, should have said I'm on about the UK market. However, Tesco may just find they have bitten off more they can chew if they take on Wallmart in the States, that mistake alone could finish them worldwide.

They've struggled to get a foothold in the States with their Fresh 'n Easy brand but they seem to be making progress at last. It'll be very slow going against such a well established player with a lot of vested interests to make things difficult but they've finally found the right formula.

 

[AndyBlue]

If you look at the tesco figures their growth worldwide has far outstripped the UK performance and i think about a 1/3rd of their profit is coming from their emerging markets. Give it 5 years and the mix will probably have reversed.
I walked through Lichfield yesterday which is a very affluent area and was amazed at the number of empty shops there were whole rows of them. Yet in Tamworth 5 miles away a more down at heel town there are very few, having made this comment to the bank manager he said pure and simply they were being killed off by Landlords asking silly rents and not acknowledging that there was some hard times out there. It was also interesting to see a number of shops had just moved a couple of doors down, so clearly think their in the right location but have moved due to end of lease and a more realistic landlord.

 

[Faevilangel]

Landlords asking silly rents and not acknowledging that there was some hard times out there.

Same in our town, we only have a couple of empty shops and these are ones that closed just before xmas, but a lot of shops have shut and reopened in the next street. One shop had a massive sign on their window telling people they were moving to xx street because the rents were cheaper, and less competition (they are a "bargain store" and then poundland opened across the road).

 

[Banned]

They've struggled to get a foothold in the States with their Fresh 'n Easy brand but they seem to be making progress at last. It'll be very slow going against such a well established player with a lot of vested interests to make things difficult but they've finally found the right formula.

Just a thought this, at what point may Wallmart start a serious attack on the UK? They appear to have been very quiet and docile since their Asda acquisition, I have no idea but maybe they are just playing the waiting game?

 

[Chunkford]

Just a thought this, at what point may Wallmart start a serious attack on the UK? They appear to have been very quiet and docile since their Asda acquisition, I have no idea but maybe they are just playing the waiting game?

I see in the papers sometimes ASDA and their price guarantee directly targeting tescos.
Then it gets messy with tescos fighting back the next day with their guarantee directly towards ASDA

Very humorous.

 

[AndyBlue]

I see in the papers sometimes ASDA and their price guarantee directly targeting tescos.
Then it gets messy with tescos fighting back the next day with their guarantee directly towards ASDA

Very humorous.

Very anecdotally and I'm certainly not mentioning who I used to work for, but we used to supply the major mults with commodity food products, they were so precious about not being even 1p dearer than a competitor having been the many loops to get a price increase, you had to get receipts from competitor to prove they had also moved up. If the OFT knew about some of the cartel pricing that went on they woudl blow a gasket.

 

[quikshop]

Just a thought this, at what point may Wallmart start a serious attack on the UK? They appear to have been very quiet and docile since their Asda acquisition, I have no idea but maybe they are just playing the waiting game?

They had been sniffing round Iceland, I'm not sure what came of that. They have to tread lightly in the UK to avoid anti-competition laws, I think Asda has under-performed their expectations and like Tesco their attention now is out East.

Why spend a fortune trying to grow in a stagnant or contracting market when the are much bigger expanding markets in India (assuming they're allowed in), China etc?

 

[Banned]

Is this the start of the end for Tesco http://www.telegraph.co.uk/finance/...o-under-pressure-after-broker-downgrades.html

The start of the end not so much due to the massive loss in loss in value, but the comment that this year they will spend hundreds of millions fixing the stores. Typical Tesco's arrogance isn't it - chuck money at the problem to fix it? I think their decline may need more than a financial fix.

OK "start of the end" may be an exaggeration, maybe "end of being top dog" is more appropriate. And talking about their UK business by the way

Ooooh, and they have massive internet presence/sales as well, but lets not go there again

 

[MOIC]

Is this the start of the end for Tesco http://www.telegraph.co.uk/finance/...o-under-pressure-after-broker-downgrades.html

The start of the end not so much due to the massive loss in loss in value, but the comment that this year they will spend hundreds of millions fixing the stores. Typical Tesco's arrogance isn't it - chuck money at the problem to fix it? I think their decline may need more than a financial fix.

OK "start of the end" may be an exaggeration, maybe "end of being top dog" is more appropriate. And talking about their UK business by the way

Ooooh, and they have massive internet presence/sales as well, but lets not go there again

Hi Banned

You must have nightmares about Tesco.

What is it about knocking down successful retailers?

Somebody has to be top, if it's not Tesco, then would you be knocking the next one who is ?

A successful UK retailer, expanding overseas (With great internet presence) and still making profits during the global downturn.

Seems strange to knock it and hope for it's demise.

Ron
MYOFFICEINCHINA

 

[Nuno]

Hi Banned

You must have nightmares about Tesco.

What is it about knocking down successful retailers?

Somebody has to be top, if it's not Tesco, then would you be knocking the next one who is ?

A successful UK retailer, expanding overseas (With great internet presence) and still making profits during the global downturn.

Seems strange to knock it and hope for it's demise.

Ron
MYOFFICEINCHINA

It's not just Banned by any means. There seems to be a substantial number of Tesco haters on this (business) forum which is extraordinary.

As you say, if it wasn't Tesco it would be another major, yet there seems to be a belief that we can go back to the days of High Street shopping. We can't. Times have moved on.

Just as times have moved on in manufacturing, (blame Thatcher), IT, (blame Microsoft) and international finance, (blame 99%), retail has changed and won't be going back to smiling butchers in stripey aprons offering Mrs Smith a bone for her dog. (Quiet at the back).

Retail is one thing UK PLC is internationally competitive at. We should be proud of it, promote it and try and earn a better living off it. Knocking it however is easier.

Oh well. We'll be ok as a third world country with shortages because we only shop local.

 

[Banned]

Hi Banned

You must have nightmares about Tesco.

What is it about knocking down successful retailers?

Somebody has to be top, if it's not Tesco, then would you be knocking the next one who is ?

A successful UK retailer, expanding overseas (With great internet presence) and still making profits during the global downturn.

Seems strange to knock it and hope for it's demise.

Ron
MYOFFICEINCHINA

Of course as a retailer I'm interested in the top dog in the same business. Just like the internet retailers are always mention Amazon, ebay, Play etc. The SEO is pretty much all taken up with Google, and accountants and finance the HMRC.

What I find really unusual is that you wouldn't take an interest in the market leaders in your field, care to explain to your thinking behind that? And while you are at it perhaps you can explain why you think I wouldn't have opinions on my sectors market leaders. Don't think I have knocked them though, just quoted a report and commented on it.

Basically whoever is top dog in retail will always be the one up for a lot of discussion on this section of the forum.

 

Oh well. We'll be ok as a third world country with shortages because we only shop local.

Or more likely because we are a nation of shopkeepers.

N.P.

Earl

 

[MOIC]

Of course as a retailer I'm interested in the top dog in the same business. Just like the internet retailers are always mention Amazon, ebay, Play etc. The SEO is pretty much all taken up with Google, and accountants and finance the HMRC.

What I find really unusual is that you wouldn't take an interest in the market leaders in your field, care to explain to your thinking behind that? And while you are at it perhaps you can explain why you think I wouldn't have opinions on my sectors market leaders. Don't think I have knocked them though, just quoted a report and commented on it.

Do you know what my field is ?

I had 42 retails shops in the UK, before moving to China.

The writing on the wall, was for all to see 5 plus years ago.

I don't think busy internet sellers mention Amazon, Ebay etc...........they just get on with their own business and not worry about what others are doing, there's enough space for everyone on the web.

The internet is not only about Amazon etc, as retail business is not only about Tesco.

There's a world of opportunity to do business outside of the UK, and not only in it, why restrict your sales ?

If you have a business, you should maximize it's potential, otherwise you are not doing justice to it.

Ron
MYOFFICEINCHINA

 

I don't think busy internet sellers mention Amazon, Ebay etc...........they just get on with their own business and not worry about what others are doing, there's enough space for everyone on the web.

True but the valuable space is a tad limited.

Earl

 

[Banned]

Do you know what my field is ?

I had 42 retails shops in the UK, before moving to China.

The writing on the wall, was for all to see 5 plus years ago.

I don't think busy internet sellers mention Amazon, Ebay etc...........they just get on with their own business and not worry about what others are doing, there's enough space for everyone on the web.

The internet is not only about Amazon etc, as retail business is not only about Tesco.

There's a world of opportunity to do business outside of the UK, and not only in it, why restrict your sales ?

If you have a business, you should maximize it's potential, otherwise you are not doing justice to it.

Ron
MYOFFICEINCHINA

Brilliant

 

[kulture]

I do not like Tesco. What was originally a supermarket that seemed to have its customers best interests to heart is becoming more and more exposed as a cynical profit making enterprise. (Like many businesses). Look at this latest news story to see what the senior Tesco managers are like

http://www.bbc.co.uk/news/uk-16558551

(to summarise, the guy in charge of all the UK Tesco stores sold off a lot of shares 33 days before the announcement that took 15% off the share price. That is 3 days before the mandatory freeze of management share sales. Tesco board say that this manager (who remember was in charge of all UK stores) could not have known about the figures)

 

[captaincloser]

http://en.wikipedia.org/wiki/Long_firm

I know someone who tells a great story from long ago in Covent Garden fruit market when it was still in central London. He is thorouhly convinced of the veracity of his tale.

The story is very convincing, but there is no collaboration. Essentially this person claims that Tesco was initially set up as a Long Firm credit scam. See above for definition.

To their horror/surprise the original gang became very successful and the rest as they say is history.

I dislike Tesco and I am surprised they did not get much more publicity last year when fined £12,000,000 for price fixing. Imagine if that had been Waitrose ?

Maybe its because they are bottom of the barrel traders that nobody is ever surprised by Tesco ?

 

[Nuno]

http://en.wikipedia.org/wiki/Long_firm

I know someone who tells a great story from long ago in Covent Garden fruit market when it was still in central London. He is thorouhly convinced of the veracity of his tale.

The story is very convincing, but there is no collaboration. Essentially this person claims that Tesco was initially set up as a Long Firm credit scam. See above for definition.

To their horror/surprise the original gang became very successful and the rest as they say is history.

I dislike Tesco and I am surprised they did not get much more publicity last year when fined £12,000,000 for price fixing. Imagine if that had been Waitrose ?

Maybe its because they are bottom of the barrel traders that nobody is ever surprised by Tesco ?

Tescos were in the papers and on the BBC for this. It was 10.4 million, others got leniency as they said 'fair cop guv'. Even with leniency Sainsbury was fined more: 11.4 million.
Tesco have appealed and are threatening legal action against the OFT.
The fat lady, as yet, is silent.

 

[captaincloser]

Tescos were in the papers and on the BBC for this. It was 10.4 million, others got leniency as they said 'fair cop guv'. Even with leniency Sainsbury was fined more: 11.4 million.
Tesco have appealed and are threatening legal action against the OFT.
The fat lady, as yet, is silent.

If we are being pedantic it was actually £10.43 mllion. I was quoting from memory not realising the numbers bunnies were patrolling on Saturday night. Still a huge con to be caught on....

Newspapers of course had to be wary in case Tesco pulled their adverts.

Tesco's top brass and managers should have been put in the stocks across the country.

The appeal could very well backfire on them according to press reports.

 

http://en.wikipedia.org/wiki/Long_firm

I know someone who tells a great story from long ago in Covent Garden fruit market when it was still in central London. He is thorouhly convinced of the veracity of his tale.

The story is very convincing, but there is no collaboration. Essentially this person claims that Tesco was initially set up as a Long Firm credit scam. See above for definition.

To their horror/surprise the original gang became very successful and the rest as they say is history.

I dislike Tesco and I am surprised they did not get much more publicity last year when fined £12,000,000 for price fixing. Imagine if that had been Waitrose ?

Maybe its because they are bottom of the barrel traders that nobody is ever surprised by Tesco ?

Nice story even if it is totally false.

My father was in partnership with Jack in a market stall in Ridley Road Dalston during the 20's.

http://www.worldretailcongress.com/hall-of-fame-member-detail.cfm?id=203

Earl

 

[captaincloser]

Nice story even if it is totally false.

My father was in partnership with Jack in a market stall in Ridley Road Dalston during the 20's.

http://www.worldretailcongress.com/hall-of-fame-member-detail.cfm?id=203

Earl

Nothing to do with 'Jack' in Ridley road Dalston or the 1920's.

Have you ever looked in a mirror and asked why it is that you know everything about everything and are on almost every thread on UKBF.

Shooo ! Shoo ! Go start your own nonsense threads

 

Nothing to do with 'Jack' in Ridley road Dalston or the 1920's.

Have you ever looked in a mirror and asked why it is that you know everything about everything and are on almost every thread on UKBF.

Shooo ! Shoo ! Go start your own nonsense threads

Old age.

Earl

 

[MOIC]

Nothing to do with 'Jack' in Ridley road Dalston or the 1920's.

Have you ever looked in a mirror and asked why it is that you know everything about everything and are on almost every thread on UKBF.

Shooo ! Shoo ! Go start your own nonsense threads

Why be personal and rude to someone who has more knowledge then you of who started Tesco and their origins.

Because it doesn't fit in with your story, or suit your argument ?

Do you know where Tesco's first shop was ?

Some people have more information than you realize, and at first hand.

Maybe you should start your own thread...........'How can we knock Tesco ( whilst leaving all the other large retail chains alone )'

There are enough regulators to make sure any company falling foul of the law, are brought to book, not only Tesco.

It's an even playing field for all concerned.

Sounds strange to me why people want to knock success.

Ron
MYOFFICEINCHINA

 

[captaincloser]

Because it doesn't fit in with your story, or suit your argument ?

Do you know where Tesco's first shop was ?

Some people have more information than you realize, and at first hand.

Maybe you should start your own thread...........'How can we knock Tesco ( whilst leaving all the other large retail chains alone )'

There are enough regulators to make sure any company falling foul of the law, are brought to book.

Sounds strange to me why people want to knock success.

Ron
MYOFFICEINCHINA

I know where the first C0-OP is..does that get me half a point ? I now also know the first Tesco was at Burnt Oak in Edgware as I googled it. I am a better person for this knowledge, thank you !

SirEarl will not be taking offence from me is my guess. He has taken more knocks than a bumper car from me and vice versa.

Like many I know of some dastardly deeds on planning by Tesco and thats enough for me to dislike them.

My question for you is this based purely on reading a few posts from you. Surely UKBF is a very small bowl for you to be swimming in ?

 

[MOIC]

Hi Captain

No half points given !

Actually, being based in China, I like the dialogue and banter the UKBF offers.

Thanks for it !

Ron
MYOFFICEINCHINA

 

[Banned]

Yes, Tesco again because it's all over the news and as the UK's biggest retailer of immense interest.

So it looks like they are giving up on out of town megastores. Another sign of a change back to more traditional shopping?

http://www.theretailbulletin.com/news/sunday_news_roundup_15-01-12/ (near bottom of the page)

 

[MOIC]

Yes, Tesco again because it's all over the news and as the UK's biggest retailer of immense interest.

So it looks like they are giving up on out of town megastores. Another sign of a change back to more traditional shopping?

http://www.theretailbulletin.com/news/sunday_news_roundup_15-01-12/ (near bottom of the page)

I think they may well be looking at China for some expansion plans.............Huge market.............Low rents..............No great competition..................Bigger margins.

Perhaps.

Ron
MYOFFICEINCHINA

 

I know where the first C0-OP is..does that get me half a point ? I now also know the first Tesco was at Burnt Oak in Edgware as I googled it.

You really need to brush up on your googling.

here's an irony for you:

http://wellfurnished.wordpress.com/2011/06/18/the-sun-sez-tesco-kills-off-well-street-market/

Earl

 

I think they may well be looking at China for some expansion plans.............Huge market.............Low rents..............No great competition..................Bigger margins.

Perhaps.

Ron
MYOFFICEINCHINA

Be interested in the UK responce when they start selling "cat and dog puddings":|

Earl

 

[mhall]

I will happily admit to disliking Tesco. I dislike what they do to suppliers and I dislike what they do to staff. I dislike almost every way they operate. I dislike that they claim to create so many jobs when they are almost all small part time jobs. I dislike the fact that everywhere they open the area is rarely better off for it and the number of jobs available in the area decreases. They will expand to China and you will see the lengths they will go to to get what they want. Unlise the Chinese government stop them they will soon be spreading their brand of Retail. Some people like them, fair play to them. I happen to dislike them and almost everything they stand for.

I have worked for Tesco and I have worked Sainsburys. Sainsburys, in my experience, rule the staff by fear or did when I was there but I would still rate their ethics and business model a million times more than Tesco.

 

[MOIC]

Be interested in the UK responce when they start selling "cat and dog puddings":|

Earl

There's enough Chinese supermarkets selling great tasting stuff like that.

No need for Tesco to go down that route..............or maybe there is.

I don't see many dogs on the street as I used to.

 

[evocart]

Iceland may go in 2012/13 as it was meant to be going up for sale by its Icelandic bank (yes those who lost our councils investments) and Wallmart are meant to be interested and turning the stores into Walmart stores (not Asda) other interested parties included Tesco and Morrisons apparently, oh and the founder of iceland who still has a stake in the business.

 

[AndyBlue]

Iceland may go in 2012/13 as it was meant to be going up for sale by its Icelandic bank (yes those who lost our councils investments) and Wallmart are meant to be interested and turning the stores into Walmart stores (not Asda) other interested parties included Tesco and Morrisons apparently, oh and the founder of iceland who still has a stake in the business.

Iceland is probably the least likely retailer to go in 2012/13, they have one of the best business models around and is VERY cash generative. Takeover will be won by Malcolm Walker as he has a clause in his contract that says he always gets the chance to beat whatever bid is on the table, and as a major shareholder he will just keep uping the bid as he will always be better off since if he decides not to match it he will get loads of money for his stake.

 

[MOIC]

Iceland is probably the least likely retailer to go in 2012/13, they have one of the best business models around and is VERY cash generative. Takeover will be won by Malcolm Walker as he has a clause in his contract that says he always gets the chance to beat whatever bid is on the table, and as a major shareholder he will just keep uping the bid as he will always be better off since if he decides not to match it he will get loads of money for his stake.

Interesting.

How will the other shareholders view this?

Ron
MYOFFICEINCHINA

 

[quikshop]

Another fashion chain about to go to that big clothing jumble sale in the sky..

 

[Esk247]

restructuring the company's debts of around £240m

See...that 240m really bugs me. That's not Peacocks money, that's OUR money stuck in there and if they go they take it all with them while the Directors walk away with a cheque.

It's just not right. They're gone. Let them die. Don't bother with the oxygen mask, they're gone and nothing is bringing them back. That 240m can be put to much better use by those who loan responsibly for their business.

 

[Siteopia Domains]

Aren't Jane Norman soon to close down? Last I heard the chain had gone into administration?