Arcadia group collapse.

Thelonious Monk · 29-11-2020 2:24am

I really think most people alive now could survive with clothing that already exists, I know I could. Fashion is 100% based on making us buy more and more stuff. I'm sure we've all seen clothing banks where people just dump truckloads of clothes they'll never wear. It's a ridiculous industry.

Atlantic Dawn · 29-11-2020 2:28am

Could Hot Felon take it over?

Ted_YNWA · 29-11-2020 7:34am

Mod

Off topic posts deleted.

Stihl Water & anewme - put each other on ignore.

ShineOn7 · 29-11-2020 9:40pm

Couldn't have happened to a nicer guy

Anti-Irish outburst

When The Guardian newspaper investigated a proposed takeover of Safeway in 2003, Green responded to queries about Arcadia's accounts by insulting and swearing at the journalists, asking them "Is this the Beano or the Guardian?".[48]

Of The Guardian's financial editor, Paul Murphy. Green said: "He can't read English. Mind you, he is a fúcking Irishman." Green issued an apology to the Irish later, to prevent a customer boycott, according to the Guardian.

MrMusician18 · 30-11-2020 12:52am

bb1234567 wrote: »

Judging by the insane queues at takeaway cafes literally all over the city in Dublin over the last few weeks I'd say a lotttttt

I think we've passed peak coffee, helped along by the pandemic, just like we passed peak burrito and peak doughnuts, a few years ago.

What we end up with turning our city centres into post retail is going to be a real challenge. And post retail is coming, the ways of stalling it with the best customer service or "experience" will only get you so far when the online offering is 10-20% less. The vast majority of customers look at the price and that's as far as it goes, nothing else matters. That, and online offers so much variety, effectively endless choice.

Ubbquittious · 30-11-2020 1:02am

MrMusician18 wrote: »

I think we've passed peak coffee, helped along by the pandemic, just like we passed peak burrito and peak doughnuts, a few years ago.

What we end up with turning our city centres into post retail is going to be a real challenge. And post retail is coming, the ways of stalling it with the best customer service or "experience" will only get you so far when the online offering is 10-20% less. The vast majority of customers look at the price and that's as far as it goes, nothing else matters. That, and online offers so much variety, effectively endless choice.

There will be other fads and normal shops where you can see the product and buy it straight away do have an advantage over the online crowd where you're just looking at pictures. The arse just needs to fall out of it first

Back in the day the likes of Maplin were very handy for electronic components but then they started consumerising big time and it became nearly all expensive consumer electronics (actually cheap stuff sold at a high price) before they closed down. Fashion is the same all stuff for 2 or 3 quid sold for 40-100 quid or more. All the small owner-run second hand shops and little specialist shops had to go away to make room for these big boys to come in. Now that whole industry seems to have eaten itself

Bout 15 years ago a new shopping centre I used to go to opened in Croydon, now most of the shops are gone and they're talking of rebuilding it into another bigger shopping centre. For some reason this is a more palatable option than reducing the rent in the existing shopping centre to refill it

ShatterAlan · 30-11-2020 1:22am

A friend told me that Shop Street in Galway is a boarded up catastrophe. I believe a lot of those shops have been canned weeks in advance.

ChikiChiki · 30-11-2020 2:02am

MrMusician18 wrote: »

I think we've passed peak coffee, helped along by the pandemic, just like we passed peak burrito and peak doughnuts, a few years ago.

What we end up with turning our city centres into post retail is going to be a real challenge. And post retail is coming, the ways of stalling it with the best customer service or "experience" will only get you so far when the online offering is 10-20% less. The vast majority of customers look at the price and that's as far as it goes, nothing else matters. That, and online offers so much variety, effectively endless choice.

Bollix, I seen a queue at least 40 people deep Saturday morning on Pearse St for takeaway coffee.

Now, I like my coffee but fook that. 5 deep is my limit.

KungPao · 30-11-2020 3:28am

As long as TK Maxx is safe, I’m happy. Where else would I buy a Gino D’Campo spatula, some wonky converses in sizes 4 or 14, and a pair of hideous jeans by some “designer” I never heard of, where the RRP was €349 but now only €14.99?

silver2020 · 30-11-2020 9:46am

a huge amount of arcadia stores are concessions in Debenhams.

If (when) Arcadia collapse, it may spell the end of Debenhams in the UK as replacing those concessions would be almost impossible.

Nermal · 30-11-2020 9:55am

MrMusician18 wrote: »

What we end up with turning our city centres into post retail is going to be a real challenge.

We need more houses, and have lots of empty buildings. The only 'challenge' is the obstacle of planning legislation and councils terrified of losing rate income.

Richard Hillman · 30-11-2020 1:32pm

https://twitter.com/RTEbusiness/status/1333311569074253824?s=19

Hmmm, Mike Ashley in to save the day. Surely we are reaching a point where its anti-competitive.

gozunda · 30-11-2020 1:40pm

Ubbquittious wrote: »

It is no harm that these guys go bankrupt and that the rental value of these shops plummet.

The only way to make money in these prime retail locations now is to buy in the cheapest of cheap Chinese sh1t you can find and flog tons of it with massive margins. The owners of the shops are fellas whose great granddad was a cobbler or a cooper 250 years ago and have long since moved to the Bahamas to party all night with a cocktail in each hand. Or else they were sold to some investment corp so no harm their income be reduced to a trickle.

Maybe eventually it will be possible to open a shop for a reasonable rent again and sell decent quality stuff

Unlikely I think. Such sales will simply move online. With poor people in poor counties still making most of what is purchased by consumers.

Premises will be bordered unless its a coffee chain shop or mobile phone shop and those who worked in clthing shops etc will end up unemployed.

Welcome to the future.

the purple tin · 30-11-2020 9:05pm

Phillip Green wants a 50 million bailout from the govt.
This is a man who sails around in a £100 million boat :rolleyes:

Thelonious Monk · 30-11-2020 9:11pm

ChikiChiki wrote: »

Bollix, I seen a queue at least 40 people deep Saturday morning on Pearse St for takeaway coffee.

Now, I like my coffee but fook that. 5 deep is my limit.

was it that 3FE place? I think people are queueing for ages for coffee because there's just nothing else to do really, it'll calm down soon.

anewme · 30-11-2020 9:24pm

The loan was rejected.

Gone onto administration.

Duffy the Vampire Slayer · 30-11-2020 9:42pm

Atlantic Dawn wrote: »

Yes I found out recently the amount of resources required to make a pair of jeans, the water alone required is 10,000 litres for a single pair, insane. Perhaps the key is to ban utter ****e like Tesco or Dunnes own brand jeans and only allow premium brands to come in. Additionally you could ban tools which were of a brutal quality they wasted precious earth resources in their manufacture.

Peak oil is decades away, many new oil fields discovered in the last decade, coupled with fracking it's not going away anytime soon.

whisky_galore wrote: »

So much for Greta and the protesting kids!

I don't think she has said much about running out of oil. She mostly talks about climate change, which isn't the same thing.

Capt'n Midnight · 30-11-2020 10:40pm

the purple tin wrote: »

Phillip Green wants a 50 million bailout from the govt.
This is a man who sails around in a £100 million boat :rolleyes:

This is the man who took roughly the same amount out of BHS as was missing from the pension fund when they went wallop.

He loaned himself FOUR years profits from Arcadia and then billed Arcadia rent and services from properties and companies that his non-tax paying wife owned.

ben.schlomo · 01-12-2020 12:02am

ShatterAlan wrote: »

A friend told me that Shop Street in Galway is a boarded up catastrophe. I believe a lot of those shops have been canned weeks in advance.

I'm afraid your friend is talking out of their hoop.

Maybe they're talking about Edward Square where Warehouse, Oasis, Next, Cara and Ms Selfridge have closed over the last 18 months. None of the units are boarded up and all are for rent. Only Ms Selfridge has anything to do with this particular story though. Shop St, if I'm not mistaken, has no vacant retail units. Some units have been refurbished and improved in recent years.

Atlantic Dawn · 01-12-2020 1:04am

Liquidators appointed to the Irish stores...
https://www.rte.ie/news/business/2020/1130/1181328-arcadia-facing-administration/

Could Roches Stores make a come back?

Rubberchikken · 01-12-2020 1:14am

I've never seen the attraction if grafton street or why it can justify the high rents.
It's mostly phone shops, the odd diddly-do irish tat for the tourists and overpriced unattractive coffee shops.

The biggest shop is brown thomas and that's not saying much.

I've no problem with british shops. We need the variety and choice they bring and the employment.

It's no surprise that Greene's business is in trouble.its been that way for a long time.

Topshop and the likes can't compete with the online stores that do selling so we'll.

Primark will survive because they sell cheap and cheerful which their customers want.
But the arcadia group stores aren't really appealing to the age they want to appeal to.
That age group prefer online if they gave money and Penney's if they don't.

Potential-Monke · 01-12-2020 1:24am

One does feel sorry for the end of line employees, but the fashion industry in general is a joke. The people who make the clothes are the ones who tell you what clothes to wear each month. And people buy into it. If they can't afford the designer stuff, they get the child/cheap labor made knock offs from these other stores and wear it maybe once (or do the completely scummy thing and wear it once with the label still on and return it for a refund then...).

We need to get rid of fashion full stop. It serve absolutely no purpose other than to make people feel better than others because they can afford x item. Same as most consumer tat, but I give tech an ok on this because expensive tech is, nearly all the time, better than the cheaper versions (except for Apple stuff, which is designed for sheeple).

gozunda · 01-12-2020 1:26am

Potential-Monke wrote: »

One does feel sorry for the end of line employees, but the fashion industry in general is a joke. The people who make the clothes are the ones who tell you what clothes to wear each month. And people buy into it. If they can't afford the designer stuff, they get the child/cheap labor made knock offs from these other stores and wear it maybe once (or do the completely scummy thing and wear it once with the label still on and return it for a refund then...).

We need to get rid of fashion full stop. It serve absolutely no purpose other than to make people feel better than others because they can afford x item. Same as most consumer tat, but I give tech an ok on this because expensive tech is, nearly all the time, better than the cheaper versions (except for Apple stuff, which is designed for sheeple).

Trade will just go online instead. Only difference- no store employees to pay ...

Larbre34 · 01-12-2020 1:30am

I feel sorry for the many employees in this.

However, Philip Greene is a slug. A despicable, exploitative bag of slime with widely reported narcissistic failings.

whisky_galore · 01-12-2020 1:37am

Potential-Monke wrote: »

One does feel sorry for the end of line employees, but the fashion industry in general is a joke. The people who make the clothes are the ones who tell you what clothes to wear each month. And people buy into it. If they can't afford the designer stuff, they get the child/cheap labor made knock offs from these other stores and wear it maybe once (or do the completely scummy thing and wear it once with the label still on and return it for a refund then...).

We need to get rid of fashion full stop. It serve absolutely no purpose other than to make people feel better than others because they can afford x item. Same as most consumer tat, but I give tech an ok on this because expensive tech is, nearly all the time, better than the cheaper versions (except for Apple stuff, which is designed for sheeple).

Even some of the designer stuff is sweatshop made. High end clothes are not an indicator of decent wages for labour.

breezy1985 · 01-12-2020 1:47am

Tacitus Kilgore wrote: »

It'll be sold off to pay the redundancies for the staff who have lost their jobs... I'm sure...

That boat cost 3 times what he was looking for to save Arcadia

MrMusician18 · 01-12-2020 1:48am

whisky_galore wrote: »

Even some of the designer stuff is sweatshop made. High end clothes are not an indicator of decent wages for labour.

Or quality.

Atlantic Dawn · 01-12-2020 1:50am

breezy1985 wrote: »

That boat cost 3 times what he was looking for to save Arcadia

It's interesting that it is registered in Malta.

silver2020 · 01-12-2020 8:25am

Atlantic Dawn wrote: »

It's interesting that it is registered in Malta.

What is "interesting" about that?

EU country, huge history of sailing, unblemished reputation, every support service possible available, large number of harbours suitable to mooring.

Main advantage is a 5.4% vat rate on Super Yacht purchases, but aside from that it is the favoured place due to the expertise there - juts like Ireland is the favoured place for aircraft leasing.

anewme · 01-12-2020 10:01am

Larbre34 wrote: »

I feel sorry for the many employees in this.

However, Philip Greene is a slug. A despicable, exploitative bag of slime with widely reported narcissistic failings.

As hes transferred out more money than he can ever spend in this lifetime, he wont be the one suffering though, the employees will.

the purple tin · 01-12-2020 10:11am

I can see eco-clothing getting very big very fast.
Higher quality clothes that aren't as damaging to the environment to produce.
They should also have a sort of fairtrade system for clothing to make sure workers abroad are getting decent wage and good conditions.
I think most people would be willing to pay a bit extra for that.

anewme · 01-12-2020 10:17am

the purple tin wrote: »

I can see eco-clothing getting very big very fast.
Higher quality clothes that aren't as damaging to the environment to produce.
They should also have a sort of fairtrade system for clothing to make sure workers abroad are getting decent wage and good conditions.
I think most people would be willing to pay a bit extra for that.

That would be great, but the queues outside Penny's at stupid o clock this morning would indicate different.

the purple tin · 01-12-2020 10:22am

anewme wrote: »

That would be great, but the queues outside Penny's at stupid o clock thos morning would indicate different.

If the young ones got into it I reckon it could take off.
The cheapo clothes are a false economy anyway, after about a year they have either shrunk or lost their shape, the crappy stiching has come undone or they get that bobbling on them :mad:

mariaalice · 01-12-2020 10:31am

Just caught a quick thing about it in the news one of the things, the company took money out of the employee's pension fund how does that happen surely the pension fund is the property of the employees, not the company.

Some of the brands will reform and open again shopping as a leisure activity is a very popular activity.

The Trafford Centre in Manchester has pubs, it's weird the pub level ( all chain pubs) are kept at a twilight level and are all themed it's a bit like something you would see in Las Vegas. It's a dreadful place but I don't get shopping as a leisure activity.

dhaughton99 · 01-12-2020 10:34am

anewme wrote: »

That would be great, but the queues outside Penny's at stupid o clock thos morning would indicate different.

What else do they have to spend the childers allowance on?

Washout · 01-12-2020 10:37am

Debenhams in UK also now closing

freshpopcorn · 01-12-2020 10:44am

the purple tin wrote: »

If the young ones got into it I reckon it could take off.
The cheapo clothes are a false economy anyway, after about a year they have either shrunk or lost their shape, the crappy stiching has come undone or they get that bobbling on them :mad:

Yes, however people don’t want to wear the same thing over and over again. They want cheap and disposable.

Gregor Samsa · 01-12-2020 10:44am

Sleaford Mods. Poets and prophets.

https://www.youtube.com/watch?v=GQZN01Cqzek

sbsquarepants · 01-12-2020 10:49am

Washout wrote: »

Debenhams in UK also now closing

Am i the only one who fails to give a shít about these things? Companies close, companies open, life goes on. Who really gives a rats arse? If you've lost your job in top shop, you need to go look for another one somewhere else, simple as. It's a pain in the hole, especially at this time of year, but hey ho.

Grafton street won't lie empty for long, people seem to have an insatiable thirst for over priced crap they don't really need. Someone will fill those empty units with some other god awfull pile of shíte and people will line up to buy that instead.

Gregor Samsa · 01-12-2020 10:55am

sbsquarepants wrote: »

Am i the only one who fails to give a shít about these things? Companies close, companies open, life goes on. Who really gives a rats arse? If you've lost your job in top shop, you need to go look for another one somewhere else, simple as. It's a pain in the hole, especially at this time of year, but hey ho.

Grafton street won't lie empty for long, people seem to have an insatiable thirst for over priced crap they don't really need. Someone will fill those empty units with some other god awfull pile of shíte and people will line up to buy that instead.

Yes, we shouldn't lose sight of the fact that the really important thing is that you've found a way to feel superior to all involved.

the purple tin · 01-12-2020 10:56am

Gregor Samsa wrote: »

Sleaford Mods. Poets and prophets.

https://www.youtube.com/watch?v=GQZN01Cqzek

The Xmas no 1 hopefully

anewme · 01-12-2020 11:17am

sbsquarepants wrote: »

Am i the only one who fails to give a shít about these things? Companies close, companies open, life goes on. Who really gives a rats arse? If you've lost your job in top shop, you need to go look for another one somewhere else, simple as. It's a pain in the hole, especially at this time of year, but hey ho.

Grafton street won't lie empty for long, people seem to have an insatiable thirst for over priced crap they don't really need. Someone will fill those empty units with some other god awfull pile of shíte and people will line up to buy that instead.

You are hopefully in the minority not giving a ****. Most people have empathy and respect for others. Especially those who remembered what the 2008 recession did to people. there are many still recovering.

The Debenhams workers are still fighting for their rights.

These are shop workers, not people on huge money.

Not sure why you think Arcadia group is exclusively in Grafton Street either?

But hey ho, I hope it keeps fine for you.

sbsquarepants · 01-12-2020 11:18am

Gregor Samsa wrote: »

Yes, we shouldn't lose sight of the fact that the really important thing is that you've found a way to feel superior to all involved.

You seem to have lost sight of something, what the hell are you talking about?

We're talking about clothes shops closing, not famine or genocide or something that actually makes a blind bit of difference in the scheme of things.

Some clothes shops might close down, boo fúcking hoo. It's shítty for the people involved, no one wants to see people loosing their jobs, especially at this time of year, but it happens sometimes, they'll bounce on i'm sure.

anewme · 01-12-2020 11:24am

sbsquarepants wrote: »

You seem to have lost sight of something, what the hell are you talking about?

We're talking about clothes shops closing, not famine or genocide or something that actually makes a blind bit of difference in the scheme of things.

Some clothes shops might close down, boo fúcking hoo. It's shítty for the people involved, no one wants to see people loosing their jobs, especially at this time of year, but it happens sometimes, they'll bounce on i'm sure.

Everyone's job is not famine or genocide or something that makes a blind bit of difference in the scheme of things. That does not mean that their jobs dont matter. We all have bills to pay.

In the 2008 recession, many small trades people lost their jobs and income. Did their financial hardship not make a blind bit of difference because they fitted doors or windows or something?

sbsquarepants · 01-12-2020 11:25am

anewme wrote: »

You are hopefully in the minority not giving a ****. Most people have empathy and respect for others. Especially those who remembered what the 2008 recession did to people. there are many still recovering.

I meant i couldn't give a shít about the shops themselves, not the people who work in them.

anewme wrote: »

Not sure why you think Arcadia group is exclusively in Grafton Street either?

But hey ho, I hope it keeps fine for you.

I don't, someone mentioned Grafton street i was just using it as an example.

Fashion, by it's very nature is fickle. Shops come, shops go - it was always that way, will always be that way. How is anyone surprised by this.

Clothes shops are not great whales, they don't have some divine right to exist. There's no real need to mourn their extinction.

anewme · 01-12-2020 11:26am

spook_cook wrote: »

The timing is rotten. It's crap to lose your job but worse so in the leadup to Christmas.

The Irish staff have been told they are going to try and trade through and find a buyer for some, if not all of the Group.

Not all Brands are aimed at the same market, so someone might be interested in taking some of them.

Staff have been paid November and told December is safe.

As good as it gets at the moment.

anewme · 01-12-2020 11:27am

sbsquarepants wrote: »

I meant i couldn't give a shít about the shops themselves, not the people who work in them.

I don't, someone mentioned Grafton street i was just using it as an example.

Fashion, by it's very nature is fickle. Shops come, shops go - it was always that way, will always be that way. How is anyone surprised by this.

Clothes shops are not great whales, they don't have some divine right to exist. There's no real need to mourn their extinction.

You could say the same about any product. Nothing has the divine right to exist.

Especially smugness and superiority.

Atlantic Dawn · 01-12-2020 11:29am

I guess any hope of Irish Debenhams staff getting redundancy is now gone.

sbsquarepants · 01-12-2020 11:29am

anewme wrote: »

Everyone's job is not famine or genocide or something that makes a blind bit of difference in the scheme of things. That does not mean that their jobs dont matter. We all have bills to pay.

In the 2008 recession, many small trades people lost their jobs and income. Did their financial hardship not make a blind bit of difference because they fitted doors or windows or something?

Look maybe I've worded this poorly or something - i'm not in any way discounting the people involved, it's terrible for them and their families especially at this time of year.

I'm talking about the companies, not their employees. It makes no difference in the scheme of things if there's a top shop or not, if there's a debenhams or not, there will be some other shop selling some other shíte, that's my point.

sbsquarepants · 01-12-2020 11:33am

anewme wrote: »

You could say the same about any product. Nothing has the divine right to exist.

Especially smugness and superiority.

I can assure you i'm neither smug, nor superior - if you're taking me up that way, you are taking me up wrongly. I've attempted to clarify what i meant, i can do no more than that.

Arcadia group collapse.

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