Two more retail companies look doomed

[VOOMER]

I read somewhere that in Sweden's bars only 1 percent is gash.

edited for accuracy

 

[VOOMER]

A combination of increased parking fee's and no parking zones, business rates and rent being to high.

 

[KS55]

I keep seeing people shrugging and saying adapt or die but these collapses point to a deeper economic malaise in the UK with companies operating on tiny margins, affected by high business rates from cash strapped councils, recent changes in employment laws like the workplace pension legislation which is good news for the employee but imposes an extra burden on businesses that can't take it. Add in stagnant wages growth - if there is only the same amount of money coming into a household over a given period which has been subject to inflation that means that inevitably there is less cash available to spend on retail.

The biggest issue is the loss of jobs - most of these will be low paid low skilled jobs the type that Brexit is supposed to protect from being swamped by migrant workers who depress wages. Fat lot of good that will be if those jobs just go.

Loss of jobs is a biggie, but so is Bezos and similar thieves who play the system and dont pay proper taxes. He has just made his wife the third richest woman in the world but continues to pay warehouse staff a pittance.
Morally bankrupt.

 

[BimboBob]

A combination of increased parking fee's and no parking zones, business rates and rent being to high.

And the internet.

 

[aguero93:20]

And the internet.

And Raheem Sterling.

 

[remember arthur mann]

And Raheem Sterling.

This !

 

[Mike D]

They'll blame a car wash closing on Brexit, companies fold all the time.

So what about all these car companies leaving just a coincidence? Or companies holding back with their investment saving it for a rainy day I suppose? Finance companies issues contracts that stipulate that employees may have to move to Europe should the UK crash out of EU another coincidences.
All just a coincidence or just time to wake up and smell the coffee?????

 

[waspish]

Apparently Mike Ashley has lost his 150m with Debenhams no wonder his fuming bet Newcastle fans are too.

 

[denislawsbackheel]

Oh I do so hope that is true.

 

[TheRemainsOfTheDave]

So what about all these car companies leaving just a coincidence?

Partly, yes. Discussed in the Brexit thread, but in summary the car industry is undergoing huge challenges in addition to the EU nonsense, such as new emissions legislation and the trend toward electric.

Shops on the high street have declined for years, eg Woolworths etc., but out of town shopping centres seem to be surviving. Places like the Trafford Centre are successful because they mix shopping and leisure to create the right experience. Places like Bolton town centre have a different type of "experience" which isn't as attractive, hence they are struggling. It looks like the retail industry is collapsing but it isn't the full picture. We're just seeing a quicker turnaround of businesses from formation, to success, to failure. As one business closes, others take up the space. Consumers want to think they've found something new, when in fact it's usually the same thing with a new name. Loyalty is dead when it comes to shopping now.