Joules gone bust

Gabriel said:
Will be surprised if more retailers don’t face a similar threat this winter. Terribly sad for the staff.
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I’m surprised that Burger King is still open. Cars at McDonald’s are queuing up around the corner. Never ever see anyone in any of them when I’m passing by. £5 for a whopper. I’d want a leather jacket out of that as well.
 
metalblue said:
Definitely above average quality. I’m a bit shocked it’s gone given it has - I imagine - a fairly affluent customer base who’d you’d think aren’t immediately troubled by rising prices. Perhaps their costs (rent and power) have sunk them??
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I think many working class people are cutting their cloth accordingly as they are concerned about rising costs. I know myself and other friends are cutting back on luxuries in food shops due to many things on shelf going up by 50% to 100% in supermarket. I’ve not been clothes shopping in town since the summer and find myself finger shopping from the comfort of my home much more regularly. There isn’t much in the City centre here anyway as all department stores have closed down, online shopping avoids having to put fuel in car so often and pay for City centre parking.

I’m surprised they couldn’t have held out until after Christmas though
 
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MadchesterCity said:
I’m surprised they couldn’t have held out until after Christmas though
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A lot of the economic figures we get and that are then reported in the media, come with somewhat of a lag. Things have been pretty fraught in a lot of companies for some months now.

I know of a lot of companies who've had significant drops in sales since late July or August time - not swings of 5 or 10% which are manageable - but sales and revenue drops of 30%, 40% or more in some cases.

I think a few more retailers and ecom may go pop before Christmas, then I think there'll be loads in the New Year.

Any company with low cash holding and/or poor cashflow will be in trouble such is the huge reduction in consumer spending vs Q1 and Q2. The reduction in consumer spending being mainly due to energy bills, supermarket receipts and interest rates all rising sharply. Some people are currently insulated from the energy bill and interest rate hikes - but once fixed deals and rates come to an end, there'll be lots more people in the shit who also need to reduce their outgoings.
 
MadchesterCity said:
I think many working class people are cutting their cloth accordingly as they are concerned about rising costs. I know myself and other friends are cutting back on luxuries in food shops due to many things on shelf going up by 50% to 100% in supermarket. I’ve not been clothes shopping in town since the summer and find myself finger shopping from the comfort of my home much more regularly. There isn’t much in the City centre here anyway as all department stores have closed down, online shopping avoids having to put fuel in car so often and pay for City centre parking.

I’m surprised they couldn’t have held out until after Christmas though
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Good.

I don’t like department store shopping. For me I’d be happy if all departments stores closed down, all shopping malls closed down and were knocked down and there was a big rise in independent local retailers.

I’d much rather support all the following Mancunian places:
www.therstore.com

Men's Streetwear, Heritage Wear, Sports & Workwear | R Store

The R Store. Manchester's leading Independent Men's Clothing Shop. Stockists of exclusive brands: Heritage Style, Retro Workwear, Sportswear
www.therstore.com www.therstore.com
www.steranko.co.uk

Steranko Clothing for Men & Women

Stocking a wide range of independent men and women's fashion brands, including Gramicci, Bellerose, YMC, Folk, Service Works and more available online and in-store
www.steranko.co.uk www.steranko.co.uk

Oi Polloi

m.oipolloi.com m.oipolloi.com
www.yardsstore.com

Yards Store Menswear - Clothes, Trainers, All Round Good Stuff

Mid Season Sale Now On - Up to 70% Off. Shop our range of brands - Carhartt WIP, Gramicci, Norse Projects... Delivered Worldwide.
www.yardsstore.com www.yardsstore.com
 
Psychedelic Casual said:
Good.

I don’t like department store shopping. For me I’d be happy if all departments stores closed down, all shopping malls closed down and were knocked down and there was a big rise in independent local retailers.

I’d much rather support all the following Mancunian places:
www.therstore.com

Men's Streetwear, Heritage Wear, Sports & Workwear | R Store

The R Store. Manchester's leading Independent Men's Clothing Shop. Stockists of exclusive brands: Heritage Style, Retro Workwear, Sportswear
www.therstore.com www.therstore.com
www.steranko.co.uk

Steranko Clothing for Men & Women

Stocking a wide range of independent men and women's fashion brands, including Gramicci, Bellerose, YMC, Folk, Service Works and more available online and in-store
www.steranko.co.uk www.steranko.co.uk

Oi Polloi

m.oipolloi.com m.oipolloi.com
www.yardsstore.com

Yards Store Menswear - Clothes, Trainers, All Round Good Stuff

Mid Season Sale Now On - Up to 70% Off. Shop our range of brands - Carhartt WIP, Gramicci, Norse Projects... Delivered Worldwide.
www.yardsstore.com www.yardsstore.com
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And what about the staff who work in those stores, where will they buy their clothes?

Besides their "uniform" or staff sales (of crap lines that didn't sell) I doubt many will be able to afford that overpriced clobber.
 
Where the fuck will Germima and Quentin buy their Hunter wellies from now?
 
Posh welly wearing cunts, very sad for the employees though, eventually everyone will buy from and work for Amazon.
Cunts!
 
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