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Peats 'World of Electronics' (partly) Closing

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    #92
    delta36
    Registered Users Posts: 921 ✭✭✭delta36


    And now some good news: http://www.irishtimes.com/newspaper/breaking/2012/0423/breaking38.html


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    #93
    antoobrien
    Registered Users Posts: 6,106 ✭✭✭antoobrien


    delta36 wrote: »
    And now some good news: http://www.irishtimes.com/newspaper/breaking/2012/0423/breaking38.html

    Sounds landlords & other creditors that were playing hardball softened their stance a bit.

    If so good for peats.


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    #94
    madmoe
    Registered Users Posts: 4,364 ✭✭✭madmoe


    delta36 wrote: »
    And now some good news: http://www.irishtimes.com/newspaper/breaking/2012/0423/breaking38.html

    Good to hear! If they stock the upcoming Transformer Pad Infinity and it's no at a crazy price I'll buy it there!


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    #95
    Guy:Incognito
    Registered Users Posts: 38,247 ✭✭✭✭Guy:Incognito


    Sand wrote: »
    Sad to see an Irish business fail, but I don't grasp why it was impossible for Peats to compete with online business? .

    Looking at like for like. With a peats online presence and an soley online company, Peats have the added expence of city centre shop fronts to add to costs. So they have all the same expenses as the online crowd, plus the shop.How would you be able to trade at the same prices?


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    #96
    Icepick
    Registered Users Posts: 2,454 ✭✭✭Icepick


    Prolonging the agony.


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    #97
    Kintarō Hattori
    Registered Users Posts: 14,964 ✭✭✭✭Kintarō Hattori


    Icepick wrote: »
    Prolonging the agony.

    Actually no. The Peats shops themselves were/are profitable. The Sony Centres were another story. Sony as a company have been going through turmoil for years.

    Without the dead weight of them, little rent issues to worry about and an online element that was showing great promise I expect great things.


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    #98
    touts
    Registered Users Posts: 6,433 ✭✭✭touts


    It was an idiotic decision to have 11 stores in a relatively small city of 1 million people. This is just a sensible readjustment to a more sustainable number.


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