Ripped-Off Britain

* THE ONE AND ONLY, TRUE AND ORIGINAL, 'RIPPED-OFF' WEBSITE ON THE INTERNET *

SEE THE NEW "INTRODUCE YOURSELF" THREAD: HERE - - and - - LOOK AT OUR NEW "CAR-BUYING GUIDE" SUB-FORUM: HERE

    Poundworld enters administration after rescue talks fail.

    Share
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13278
    Points : 20412
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Poundworld enters administration after rescue talks fail.

    Post by papa_umau on Mon 11 Jun 2018, 11:59 am

    Discount retailer Poundworld has appointed administrators, putting 5,100 jobs at risk.

    The move came after talks with a potential buyer, R Capital, collapsed leaving Poundworld with no option other than administration.

    Poundworld, which serves two million customers a week from 355 stores, also trades under the Bargain Buys name.

    Administrators Deloitte stress the stores will continue to trade as normal at the moment with no redundancies at this time.

    It said in a statement: "Like many high street retailers, Poundworld has suffered from high product cost inflation, decreasing footfall, weaker consumer confidence and an increasingly competitive discount retail market.

    Read on from The BBC News HERE




    When we hear of the likes of New Look and House of Fraser getting into difficulties as well we may wonder if any of the high-street stores will be exempt from these kinds of disasters.

    It is now happening so often that we do not even blink when we hear such news.

    Comments ?


    _________________
    Best of regards

    Papa......


    avatar
    zathrus
    Field Marshal
    Field Marshal

    Number of posts : 2851
    Points : 6704
    Reputation : 100
    Registration date : 2008-08-21

    Re: Poundworld enters administration after rescue talks fail.

    Post by zathrus on Thu 14 Jun 2018, 11:44 am

    The saying that fits here is: "and another one bites the dust".

    Where this is going to go in the long rune I don't know, but we can be sure that our high streets are going to look completely different in years to come.

    If you don't have an internet-connected computer you are going to lose out on a lot of choice and cost savings.
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13278
    Points : 20412
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Re: Poundworld enters administration after rescue talks fail.

    Post by papa_umau on Fri 15 Jun 2018, 12:02 pm

    And now we hear that Rolls Royce Aerospace are to lay of many more workers too, just as their latest jet engines are having a seriously bad time.

    They say it will be back office and middle managers that will get the cull this time.


    _________________
    Best of regards

    Papa......


    avatar
    Angie baby
    Field Marshal
    Field Marshal

    Number of posts : 2735
    Points : 6648
    Reputation : 91
    Registration date : 2008-08-30
    Location : Northern England.

    Re: Poundworld enters administration after rescue talks fail.

    Post by Angie baby on Sat 16 Jun 2018, 11:56 am

    There is a word for this kind of action and that word is "rationalisation".

    A long word that hides a multitude of sins.
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13278
    Points : 20412
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Re: Poundworld enters administration after rescue talks fail.

    Post by papa_umau Yesterday at 11:35 am

    I am actually surprised that the likes of Poundland and Debenhams are still surviving.

    Maybe they will be the next ones to succumb to the lack of market shares.


    _________________
    Best of regards

    Papa......



    Sponsored content

    Re: Poundworld enters administration after rescue talks fail.

    Post by Sponsored content


      Current date/time is Mon 18 Jun 2018, 11:57 pm