Two more retail companies look doomed

Churchlawtonblue

Well-Known Member
Joined
3 Dec 2013
Messages
6,580
Unbelievable that the government havent given a priority to overhauling the business rates system , ie abolished it completely, and given high street shops a bit more of a chance of survival in these desparate times. Raise the tax on the online retailers, flat rate on deliveries, as most use offshore tax havens to avoid VAT and corporation tax.
 

denislawsbackheel

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Joined
28 May 2008
Messages
17,463
Arcadia now

What a shit year
Philip Green is an utter shit of a man.
Arcadia go under the day before this becomes law, making HMRC a Preferred creditor.

 

Saddleworth2

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Joined
27 Jan 2014
Messages
12,120
Philip Green is an utter shit of a man.
Arcadia go under the day before this becomes law, making HMRC a Preferred creditor.

I met him once and you are 100% correct.
 

RadcliffeRick

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Joined
27 Oct 2011
Messages
4,154
Location
Kuala Lumpur Via Radcliffe
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This place just closed near to me in KL, it was a livarpool theme bar. Feel so sorry for the staff but not the person who came up with the theme. Maybe red scouse are not as popular as the press make them out to be??
 

Northernstorirs

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Joined
16 Oct 2018
Messages
1,058
Covid was a catalyst in Arcadia's downfall but I imagine they have been struggling since Boohoo/Misguided/PrettyLittleThing took a lot of their market share. They have probably been unable to compete being strangled with rent and ran too many shops (something online retailers don't need to worry about). On top of that Boohoo etc can run tighter margins given their clothes are made in sweathouses for next to nothing.

Back in the day Topman was the student friendly place to buy your clothes. These days they are margin hungry and their clothes are expensive for an own brand label.
 

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