Irish retail in 5 years time; streets of Euro Shops?

IvaBigWun2

With the very volatile economy, Xtravision winding down recently, HMV just about been saved and more, do you think we will end up like many UK cities where it goes Pound Shop next to a Bookies next to a pub infinitely?

What retail sector would you buy into if you had the cash?

dealz are racking it in ,

Marsden

IvaBigWun2 wrote: »

What retail sector would you buy into if you had the cash?

I reckon gadget fixing shops are doing well, there's one on every corner in some towns.

NuckingFacker

Marsden wrote: »

I reckon gadget fixing shops are doing well, there's one on every corner in some towns.

That's service sector, not retail. Retail is fecked, it just hasn't managed to get the message through to landlords yet. Once it does, it will be less fecked.

The Backwards Man

Cycle-thru salad-only delicatessens

IvaBigWun2

Deleted User wrote: »

dealz are racking it in ,

But surely the margin on all their products is sh!te? You'd had to sell thousands of items at a euro each weekly to pay the bills.

Radiosonde

The high street in a few years will resemble something out of Night of the Living Dead. But with less zombies on it than there are now.

Jimoslimos

A sad reflection but, Cash Converters/Money for Gold/Pawn Shops would probably be the safest bet in an economy like ours.

FizzleSticks

This post has been deleted.

smileyj1987

IvaBigWun2 wrote: »

But surely the margin on all their products is sh!te? You'd had to sell thousands of items at a euro each weekly to pay the bills.

Thats the whole Idea selling massive bulk to make profit .

NuckingFacker

IvaBigWun2 wrote: »

But surely the margin on all their products is sh!te? You'd had to sell thousands of items at a euro each weekly to pay the bills.

Not if you're buying at 20c and getting €1. That's good margin right there, especially if you're schlepping it out the front door by the artic load.

B.A._Baracus

IvaBigWun2 wrote: »

But surely the margin on all their products is sh!te? You'd had to sell thousands of items at a euro each weekly to pay the bills.

I love Dealz. But the quality of alot of its products is crap :pac: Especially the electronics. They are making these things for cents then selling for €1.49. there is profit

But speaking of more euro shops? There are quite a few on Talbot street.

ThreeBlindMice

IvaBigWun2 wrote: »

With the very volatile economy, Xtravision winding down recently, HMV just about been saved and more, do you think we will end up like many UK cities where it goes Pound Shop next to a Bookies next to a pub infinitely?

What retail sector would you buy into if you had the cash?

You left out thrift shops.

Holyhead is full of them.

I hear the planning board didn't want any on Grafton St, I wonder why?

Mocha Joe

Those Euro shops and Dealz are making insanely big margins on the stuff they sell even though they sell it ridiculously cheap. The Euro giant crowd added an extra 14/15 shops around the country in the last year. At least another 15 will be added by next year. They're taking over the country!! Fair play to them though.

Marsden

NuckingFacker wrote: »

That's service sector, not retail.

Not quite right, the sale of goods and services to the end user counts as retail.

m5ex9oqjawdg2i

IvaBigWun2 wrote: »

With the very volatile economy, Xtravision winding down recently, HMV just about been saved and more, do you think we will end up like many UK cities where it goes Pound Shop next to a Bookies next to a pub infinitely?

What retail sector would you buy into if you had the cash?

These companies couldn't think to survive when they refuse to change with the times.

How HMV and Extravision have lasted this long is beyond me. Back in the 90s they should have been setting up online stores selling their software via downloads, but they ignored it. Instead they seen it as a problem and not an opportunity. Now they are fcuked.

Plenty of companies like them who just don't want to change or can't change for some reason and end up winding down.

Teyla Emmagan

ThreeBlindMice wrote: »

You left out thrift shops.

Holyhead is full of them.

I hear the planning board didn't want any on Grafton St, I wonder why?

Presumably because it's already a big enough tip.

NuckingFacker

Teyla Emmagan wrote: »

Presumably because it's already a big enough tip.

Best thing in the dive is the ramp going up into the ferry. It is uniquely bleak. Sort of like Athy with a welsh accent.

Laneyh

IvaBigWun2 wrote: »

With the very volatile economy, Xtravision winding down recently, HMV just about been saved and more, do you think we will end up like many UK cities where it goes Pound Shop next to a Bookies next to a pub infinitely?

What retail sector would you buy into if you had the cash?

Yes and probably the odd phone shop as well

The move towards shopping centres, big outlet stores and online shopping has killed off the high st somewhat

Mocha Joe

Mocha Joe wrote: »

Those Euro shops and Dealz are making insanely big margins on the stuff they sell even though they sell it ridiculously cheap. The Euro giant crowd added an extra 14/15 shops around the country in the last year. At least another 15 will be added by next year. They're taking over the country!! Fair play to them though.

In many third world countries, this type of shop is doing great business right down to selling single wash sachets of shampoo and the like. Of course it makes much more sense to buy a bottle, but if you're down to your last couple of pennies and need to wash then you've no choice (other than not washing).

I expect to see more repair and refurbished goods shops in the future.

I would like to see shops that sell stuff that's designed to last, but that's bad business for manufacturers who need stuff to have a short life so you need to replace it (frequently).

Teyla Emmagan

NuckingFacker wrote: »

Best thing in the dive is the ramp going up into the ferry. It is uniquely bleak. Sort of like Athy with a welsh accent.

I actually meant Grafton St :pac:. Holyhead is bizarre and depressing though as well, it's a really odd sort of place.

Teyla Emmagan

Teyla Emmagan wrote: »

I actually meant Grafton St :pac:. Holyhead is bizarre and depressing though as well, it's a really odd sort of place.

Ever since they upgraded the A5, you don't even have to go through the town at all, at all.

Teyla Emmagan

Deleted User wrote: »

Ever since they upgraded the A5, you don't even have to go through the town at all, at all.

Thankfully it's been a while since I got the ferry!

kowloon

Cash for gold places annoy me. Valuable gold items handed in? Melt that stuff down, can't afford to resell it when we know it's quite likely robbed.

kowloon

kowloon wrote: »

Cash for gold places annoy me. Valuable gold items handed in? Melt that stuff down, can't afford to resell it when we know it's quite likely robbed.

I would be happy if those places were mandated to hold bought items for a couple of months (before forwarding to the smelters) to allow owners the the chance of getting their jewellery back.

In other words, treat all bought items as possibly stolen until proven otherwise (as in not reported within a reasonable time-scale)..

IvaBigWun2

Ashley Fresh Coin wrote: »

These companies couldn't think to survive when they refuse to change with the times.

How HMV and Extravision have lasted this long is beyond me. Back in the 90s they should have been setting up online stores selling their software via downloads, but they ignored it. Instead they seen it as a problem and not an opportunity. Now they are fcuked.

Not sue how they could have made money from software but both Xtravision and Chartbusters should have formed two rival Netflix style companies years before the giant original one made it over here.

dsmythy

I do be surprised by people's surprise at some companies getting into difficulty or closing stores. The likes of Eason will eventually have at most one store at some point.

Toby Take a Bow

dsmythy wrote: »

I do be surprised by people's surprise at some companies getting into difficulty or closing stores. The likes of Eason will eventually have at most one store at some point.

If their debt issues and restructuring plans are anything to go by, I would be surprised if they still had the one shop in ten years time.

NuckingFacker

Toby Take a Bow wrote: »

If their debt issues and restructuring plans are anything to go by, I would be surprised if they still had the one shop in ten years time.

I believe their distribution center beside Dublin airport was a bit ambitious for the scale of business they do. Massive white elephant IMO and the automated pick/pack line would do Amazon proud.

K.I.S.S should have been applied maybe.

kneemos

dsmythy wrote: »

I do be surprised by people's surprise at some companies getting into difficulty or closing stores. The likes of Eason will eventually have at most one store at some point.

Don't see bookstores disappearing,E Readers are a novelty that hasn't caught on.

hfallada

I hate this BS of all rural shops are closing down. They arent all closing due to the recession but because of the state of them. I have been to ones where they put the bras beside the weed killer, which happens to beside the expired cough syrup.

If Irish shops dont improve they will have to close. But some Irish stores adapted and kept up with what consumers wanted. Look a Dunnes, a family owned business that is the able to compete with Tesco and be hugely successful

irishgeo

kneemos wrote: »

Don't see bookstores disappearing,E Readers are a novelty that hasn't caught on.

It will catch on when the younger generation become the older generation.


Everyone is forgetting about the charity shops. A nice tax rebate on your rent if you have a charity shop as a tenant.

hfallada

hfallada wrote: »

I hate this BS of all rural shops are closing down. They arent all closing due to the recession but because of the state of them. I have been to ones where they put the bras beside the weed killer, which happens to beside the expired cough syrup.

If Irish shops dont improve they will have to close. But some Irish stores adapted and kept up with what consumers wanted. Look a Dunnes, a family owned business that is the able to compete with Tesco and be hugely successful

No, they are closing down because the supermarkets have outperformed them in every way except location, these days almost everyone has access to a car. Many small local shops used to do well, simply because their customers were local and going to the next town to shop was a major hassle.

Toby Take a Bow

irishgeo wrote: »

It will catch on when the younger generation become the older generation.

It will catch on when Amazon finally get people to think it's a better deal than the paperback edition that you can sell on/give away/buy second hand.

smileyj1987

Deleted User wrote: »

No, they are closing down because the supermarkets have outperformed them in every way except location, these days almost everyone has access to a car. Many small local shops used to do well, simply because their customers were local and going to the next town to shop was a major hassle.

Its also because of the prices they charge for things , I know their costs are higher but some of the things they sell like dog food can be a euro or two dearer then a supermarket .

Dostoevsky

Radiosonde wrote: »

The high street in a few years will resemble something out of Night of the Living Dead. But with less zombies on it than there are now.

Grrrrr.

S28382

In a few years there will be no more shops as online shopping is becoming more popular...in fact i just bought 2 albums on Itunes and the last 4 albums iv bought on Itunes. Its much easier to buy online so i think the shops are fighting a losing battle with the ol internet.

Dostoevsky

hfallada wrote: »

I hate this BS of all rural shops are closing down. They arent all closing due to the recession but because of the state of them. I have been to ones where they put the bras beside the weed killer, which happens to beside the expired cough syrup.

If Irish shops dont improve they will have to close. But some Irish stores adapted and kept up with what consumers wanted. Look a Dunnes, a family owned business that is the able to compete with Tesco and be hugely successful

I agree to a point. Travelling across Ireland in the past couple of years however I come across town after town where urban regeneration is badly needed. At the very least, there should be legislation passed to ensure there's a basic standard of shop front in every urban centre in Ireland. The local councils - with some notable exceptions like Clonakilty - are clearly not up to the task of ensuring such a standard. It's like that broken window syndrome - once one shop is looking bad/lacking a standard, it's not long before the rest follow.

jobeenfitz

Ah we are all a bit pessimistic now. Five bad years and we think this will continue. Its all a cycle. Maybe, just maybe things will be a lot better in five years time and all the cheap outlets will be disappearing. Ya know, after all our debts are written off, things will be flying. We thought the boom would get boomier, now we think the recession will get recessionier. Shur we could all be driving around in our brand new hover-crafts telling our kids about that time we had a recession. Oh ye and Seanie Fitz our Minister of finance.