Technology1 min ago
Another Two - More To Come No Doubt
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Maplin and Toys R Us - Gone Under ( Unless They can be rescued )
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Maplin and Toys R Us - Gone Under ( Unless They can be rescued )
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//the major challenges are a weaker pound//
Haha, so the weaker pound made the USA parent go into a Chapter 11 bankruptcy reorganization plan. Right-oh.
Both are too expensive, you cannot do that any more as you will be found out. It's not just the internet shops either, folks can go online and compare prices on the high street easily too. It is one good way to end rip off Britain.
Haha, so the weaker pound made the USA parent go into a Chapter 11 bankruptcy reorganization plan. Right-oh.
Both are too expensive, you cannot do that any more as you will be found out. It's not just the internet shops either, folks can go online and compare prices on the high street easily too. It is one good way to end rip off Britain.
Digging around it seems Maplin are using the "Brexit Pound" as a cover. It is also blaming a weak consumer environment. However others are in exactly the same boat and dont appear to be having the same problems. Looks to me like it needed more money and could not raise the credit. I also strong suspect Rutland Partners were not seeing the return they wanted and have put the brakes on. Maplin have been struggling for a number of years.
It’s nothing to do with the weaker pound. A weaker pound should encourage foreign visitors to spend their money here. I’m not say Maplins is lying. I’m suggesting they are stretching the truth.
The High street retailers must realise that they need to provide something the internet does not. People have to trudge to the High Street, pay to park (if they can find a space), traipse round the shops only to find that what they want is not available. Alternatively they can sit at home, browse the internet, compare prices, check stock and have the goods of their choice delivered to their door a day or two later. The only thing shops can provide which online sellers cannot is customer advice and good service. This is where many of them fall woefully short. The last time I wanted something from Maplins I wasn’t sure quite what I needed. The person I spoke to in the store had knowledge of what I wanted but was barely able to speak English. His colleague had no knowledge of the goods I was buying and I had to make myself understood virtually using him as an interpreter. I ended up empty handed because having finally established what I needed, it was out of stock. Ten minutes after returning home I’d located an online source for my goods and had them delivered two days later.
The High Street, understandably, cannot compete with online sellers on price. They must do something else and most of them don’t. Stand by for more High Street casualties. Keep an eye on WH Smith. Who last went to buy something at WH Smith? What do you go to WH Smith for these days?
The High street retailers must realise that they need to provide something the internet does not. People have to trudge to the High Street, pay to park (if they can find a space), traipse round the shops only to find that what they want is not available. Alternatively they can sit at home, browse the internet, compare prices, check stock and have the goods of their choice delivered to their door a day or two later. The only thing shops can provide which online sellers cannot is customer advice and good service. This is where many of them fall woefully short. The last time I wanted something from Maplins I wasn’t sure quite what I needed. The person I spoke to in the store had knowledge of what I wanted but was barely able to speak English. His colleague had no knowledge of the goods I was buying and I had to make myself understood virtually using him as an interpreter. I ended up empty handed because having finally established what I needed, it was out of stock. Ten minutes after returning home I’d located an online source for my goods and had them delivered two days later.
The High Street, understandably, cannot compete with online sellers on price. They must do something else and most of them don’t. Stand by for more High Street casualties. Keep an eye on WH Smith. Who last went to buy something at WH Smith? What do you go to WH Smith for these days?
Agree about WH Smith, NJ. I've mentioned before on AB what a throwback it feels going into a branch, as I occasionally do (only to buy a newspaper) - even smells the same as when I used to call in to the branch in Brighton on the way to visit my parents. Seems nothing has changed in decades, and I'm amazed they've survived this long.
