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Hamleys Dundrum closing down 50% off everything

barnmouse

I was just in Hamleys Dundrum and they are closing down so have 50% off all stock. Its not advertised in the store but they apply the discount at the till.

I'm not sure how long it will last.

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road_high wrote: »

Why are English stores like Dealz, SportsDirect and Superdrug expanding rapidly here then?

Multiple branches throughout the country would mean they have dedicated accounting staff, etc. here. Dealz has almost 50 stores here and SportsDirect 30 stores!

No one is saying that all British stores are leaving! Just that if you had just one or two stores here, the extra management overhead caused by Brexit may turn a borderline profitable operation here to an unprofitable operation.

This is given as an explanation as to why Apple have a store in Belfast, but not in Dublin or Cork. Their Belfast store is part of their larger UK operation, thus managed by the UK management staff. Stores in the republic would require a whole new management staff with skills in the Irish market.

I believe you need at least a couple of stores in Ireland to make it worth the management overhead. One store just isn't worth it.

okidoki987

All rent in Dundrum SC is mental!
Heavy footfall means the owners can charge a fortune and get away with it.
The fact that 2 people here didn't know Hamleys was in the shopping centre would be a bit worrying to the retailer.
€1 million in rent is a lot though.

road_high

Ten years ago...one million per annum, mental money.

https://www.irishtimes.com/business/commercial-property/1-million-rent-for-top-toy-store-hamleys-in-dundrum-1.1216661

road_high

jimmynokia wrote: »

Its not brexit?? Others think different but who am i to judge http://www.businessinsider.com/toys-r-us-maplin-administration-jobs-at-risk-ceo-blames-brexit-2018-2?r=UK&IR=T

Why are English stores like Dealz, SportsDirect and Superdrug expanding rapidly here then?

road_high

CeilingFly wrote: »

Brexit had nothing to do with maplin. It simply did not keep up with changing retail environment. Way overpriced, a lot of obsolete stock, large retail floors and poor locations.
Almost the same for Toys r us.

Former ceo's will always want to blame external sources, but reality is maplin was old and tired. Radio shack suffered the same fate in usa.

Hamleys just didn't catch the imagination of the Irish consumer and with a massive Smyths store a few minutes up the road in Carrickmines, (paying substantially less rent) it was always on the back foot.

Exactly, I liked Hamleys but the range of stock and value compared to a Ken Black/Smyth store wasn't competitive. People aren't going to pay extra for the same item in Hamleys for the privilege of the "Hamleys Experience". I only ever bought stuff on offer or their own branded stuff. For all else they weren't really at the races.

CeilingFly

jimmynokia wrote: »

Its not brexit?? Others think different but who am i to judge http://www.businessinsider.com/toys-r-us-maplin-administration-jobs-at-risk-ceo-blames-brexit-2018-2?r=UK&IR=T

Brexit had nothing to do with maplin. It simply did not keep up with changing retail environment. Way overpriced, a lot of obsolete stock, large retail floors and poor locations.
Almost the same for Toys r us.

Former ceo's will always want to blame external sources, but reality is maplin was old and tired. Radio shack suffered the same fate in usa.

Hamleys just didn't catch the imagination of the Irish consumer and with a massive Smyths store a few minutes up the road in Carrickmines, (paying substantially less rent) it was always on the back foot.

banie01

Did they sell their giant Giraffe yet?

jimmynokia

road_high wrote: »

It's not Brexit...if that were the case why have a store in Russia etc? They're not in any same economic zone either. No, it's rents and rates that are killing stores here. Someone said a million euro just to rent the unit at Dundrum? That is obscene, especially anytime I've gone in there's hardly a person spending money at a till!
Also if it's Brexit why are the likes of Superdrug and SportsDirect etc expanding here??

Its not brexit?? Others think different but who am i to judge http://www.businessinsider.com/toys-r-us-maplin-administration-jobs-at-risk-ceo-blames-brexit-2018-2?r=UK&IR=T

road_high

bk wrote: »

Brexit, if you just have one or two shops in Ireland, it probably won't be worth it post-Brexit, due to the cost overhead of accounting, currency, import/export duties, etc.

On the other hand, it isn't all bad news. Good opportunity for local Irish companies and many mainland European companies are looking at coming here after British companies leave.

For instance Decathlon, the massive French sports goods store is looking to open 9 stores here.

It's not Brexit...if that were the case why have a store in Russia etc? They're not in any same economic zone either. No, it's rents and rates that are killing stores here. Someone said a million euro just to rent the unit at Dundrum? That is obscene, especially anytime I've gone in there's hardly a person spending money at a till!
Also if it's Brexit why are the likes of Superdrug and SportsDirect etc expanding here??

road_high

OmegaGene wrote: »

With the amount of stores hamleys have worldwide I don’t think they are in trouble financially just a crap location and smyths are popping up everywhere dominating the market
I’ve been to dundrum loads of times and didn’t even know it was there

I don't think they have many stores worldwide, just a few in select places. The only one I've seen in England was the original in London (which is super expensive btw). Their website list Dublin as a UK store...! (which is not unusual for the English!!)

Mark Hamill

At €2/100g, there where the cheapest for Jelly belly jellybeans. And it was pick'n'mix too, so you could make sure to only get the good flavours.

OmegaGene wrote: »

With 26 stores in the uk and 90 worldwide loacations from Dubai to Africa I doubt Brexit is the reason for closing that shop in dundrum more like crippling rents

And you don't think they are paying crippling rents in Dubai or London!!

vicwatson

OmegaGene wrote: »

With the amount of stores hamleys have worldwide I don’t think they are in trouble financially just a crap location and smyths are popping up everywhere dominating the market
I’ve been to dundrum loads of times and didn’t even know it was there

Charging too much = people go to smyths

Brexit, if you just have one or two shops in Ireland, it probably won't be worth it post-Brexit, due to the cost overhead of accounting, currency, import/export duties, etc.

On the other hand, it isn't all bad news. Good opportunity for local Irish companies and many mainland European companies are looking at coming here after British companies leave.

For instance Decathlon, the massive French sports goods store is looking to open 9 stores here.

NinjaTruncs

BelovedAunt wrote: »

Any lego left lads?

There was barely any lego in the shop before Christmas, my wife was in there over the weekend and said there was basically none left.

ted1

OmegaGene wrote: »

ted1 wrote: »

Both ridiculously over priced. Hamleys was many times dearer than symths and mailings was many many times dearer than online stores. Not to many of the other stores have the same price differential

Yes you are correct
Hamleys is more expensive than smyths toys
But smyths toys is more expensive than buying online also
What’s that got to do with the bargain alert for hamleys

Bricks and mortar store has more overheads than online shops

In fairness they are often cheaper than online stores.

It’s to do with a comment that many more stores are going to be closing

BelovedAunt

Any lego left lads?

road_high

Was in there last January and things did look ominous. Empty shelves, skeleton staff looked as if it was just about ticking long.

road_high

ted1 wrote: »

Both ridiculously over priced. Hamleys was many times dearer than symths and mailings was many many times dearer than online stores. Not to many of the other stores have the same price differential

Yea, for mainstream stuff like Lego etc Hamleys was way more expensive. Anything I ever bought there was their own branded stuff which was on offer. If the rent is 1 million euro per year I can see why they're leaving. Often in there and the tills would be devoid of staff and very few people actually buying anything. Shame as it was a nice store but the pricing was wrong.

Seems to be another wave of store closures going on now- the online market and the push of discount retailers such as Dealz and Penneys as well as ridiculous rates/rents is causing another cull.

Rasputin87

xpletiv wrote: »

Just a poor area to set up; right at the end of the centre. If it were inside itd probably have done a lot better. But overpriced as heck compared to online.

I live less than a 5 minute drive from Dundrum, and go there several times a month. I never knew Hamley's existed!

Trigger Happy

vicwatson wrote: »

Which set and how much?

Le Mans kit. It was not marked down but 60 at check out.

ted1

Muahahaha wrote: »

fleet_admiral wrote: »

I work across the road and know the centre manager very well. It's happening and they won't be the only big store to close/pull out

Maplins also closing down so I would say there is something in that.

Both ridiculously over priced. Hamleys was many times dearer than symths and mailings was many many times dearer than online stores. Not to many of the other stores have the same price differential

Muahahaha

fleet_admiral wrote: »

I work across the road and know the centre manager very well. It's happening and they won't be the only big store to close/pull out

Maplins also closing down so I would say there is something in that.

CeilingFly

The big "closing down sale" banner on their Facebook page might confirm it

The €1m rent might have something to do with it and the fact that its 10years since they opened and lease was up. They'd be entitled to a new lease, but probably decided it wasn't worth it

5rtytry56

lowelife wrote: »

Username checks out

Trigger, don't forget to let your chizlur 'win' each race with it.

5rtytry56

lowelife wrote: »

Username checks out

Trigger, don't forget to let your chizlur 'win' each race with it.

vicwatson

Trigger Happy wrote: »

I was in there this morning and May 7th closing confirmed.
I got a scalectric kit, still have a few of them in stock. Great bargain alert OP!

Which set and how much?

lowelife

Trigger Happy wrote: »

I was in there this morning and May 7th closing confirmed.
I got a scalectric kit, still have a few of them in stock. Great bargain alert OP!

Username checks out

Trigger Happy

I was in there this morning and May 7th closing confirmed.
I got a scalectric kit, still have a few of them in stock. Great bargain alert OP!

mac_daddy

Those people that were in the shop, did any of you ask the staff if it was closing?

I asked them when I was in yesterday.... May 7th