Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Arcadia group collapse.

Options
124678

Comments

  • Options
    #92
    riclad
    Registered Users Posts: 8,184 ✭✭✭riclad


    Alot of shops will not survive the pandemic, its safer
    to shop online, Shops in grafton St rely on high
    spending customers like tourists to pay the high rent
    There's loads of pc phone shops selling electronic products already
    Grafton St wont be saved by shops selling pcs or laptops from china
    You can already go to amazon or other websites if u just want to buy cheap electronic products
    Even before covid 19 there were UK chain stores
    going out of business
    I think the landlords will have to reduce the rents in
    Grafton St or base the rent on percentage of
    retail revenue
    This is happening in new York High end shops
    are closing down as so many rich people are
    leaving NYC and you can buy anything online
    now


  • Options
    #93
    whisky_galore
    Registered Users Posts: 15,830 ✭✭✭✭whisky_galore


    Ubbquittious wrote: »
    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.

    Dead beat descendants of old merchant princes, fcuk them.


  • Options
    #94
    anewme
    Registered Users Posts: 11,875 ✭✭✭✭anewme


    whisky_galore wrote: »
    Dead beat descendants of old merchant princes, fcuk them.

    Only a low life would rejoice in people losing their jobs and facing hardship at Christmas.


  • Options
    #95
    anewme
    Registered Users Posts: 11,875 ✭✭✭✭anewme


    accensi0n wrote: »
    My first thought was "Ah that's a shame, such a cool experience for young kids to play old arcade machines".

    Then I read past the thread title and didn't care.

    Karma has a funny way of biting you and yours.


  • Options
    #96
    Stihl waters
    Registered Users Posts: 715 ✭✭✭Stihl waters


    anewme wrote: »
    Karma has a funny way of biting you and yours.

    You know there's no such thing as karma, it's a makey uppy thing for hippies and cnuts on Facebook


  • Advertisement
  • Options
    #97
    Yyhhuuu
    Registered Users Posts: 798 ✭✭✭Yyhhuuu


    You might be able to buy online but it's not the same. It's like a Zoom call. What about merchandising. Getting the feel of a product before you buy, trying it on especially shoes etc. I personally would never buy shoes online and would feel the same about clothes in case they didnt fit. Btw I hate shopping for clothes.


  • Options
    #98
    bb1234567
    Registered Users Posts: 5,495 ✭✭✭bb1234567


    Our 'main street' in the capital going dark after 6pm because it's all fashion is a sad sight. Good riddance to all those soulless carbon copy rip off shops and let's see a cosy pedestrian street of outdoor eateries/bars/cafes instead


  • Options
    #99
    MrMusician18
    Registered Users Posts: 7,248 ✭✭✭MrMusician18


    bb1234567 wrote: »
    Our 'main street' in the capital going dark after 6pm because it's all fashion is a sad sight. Good riddance to all those soulless carbon copy rip off shops and let's see a cosy pedestrian street of outdoor eateries/bars/cafes instead

    How many cafes can a city sustain? Dublin is already over run with them.


  • Options
    #100
    bb1234567
    Registered Users Posts: 5,495 ✭✭✭bb1234567


    MrMusician18 wrote: »
    How many cafes can a city sustain? Dublin is already over run with them.

    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


  • Options
    #101
    whisky_galore
    Registered Users Posts: 15,830 ✭✭✭✭whisky_galore


    anewme wrote: »
    Only a low life would rejoice in people losing their jobs and facing hardship at Christmas.

    Can you point out exactly where I said that?


  • Advertisement
  • Options
    #102
    Thelonious Monk
    Registered Users Posts: 13,885 ✭✭✭✭Thelonious Monk


    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.


  • Options
    #103
    Atlantic Dawn
    Registered Users Posts: 81,404 ✭✭✭✭Atlantic Dawn
    M


    Could Hot Felon take it over?


  • Options
    #104
    Ted_YNWA
    Registered Users Posts: 71,799 ✭✭✭✭Ted_YNWA


    Mod

    Off topic posts deleted.

    Stihl Water & anewme - put each other on ignore.


  • Options
    #105
    ShineOn7
    Closed Accounts Posts: 4,550 ✭✭✭ShineOn7


    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.


  • Options
    #106
    MrMusician18
    Registered Users Posts: 7,248 ✭✭✭MrMusician18


    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.


  • Options
    #107
    Ubbquittious
    Registered Users Posts: 6,189 ✭✭✭Ubbquittious


    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


  • Options
    #108
    ShatterAlan
    Registered Users Posts: 2,807 ✭✭✭ShatterAlan


    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.


  • Options
    #109
    ChikiChiki
    Closed Accounts Posts: 4,950 ✭✭✭ChikiChiki


    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.


  • Options
    #110
    KungPao
    Registered Users Posts: 4,781 ✭✭✭KungPao


    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?


  • Options
    #111
    silver2020
    Registered Users Posts: 2,045 ✭✭✭silver2020


    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.


  • Advertisement
  • Options
    #112
    Nermal
    Registered Users Posts: 2,616 ✭✭✭Nermal


    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.


  • Options
    #113
    Richard Hillman
    Registered Users Posts: 12,033 ✭✭✭✭Richard Hillman


    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.


  • Options
    #114
    gozunda
    Registered Users Posts: 18,996 ✭✭✭✭gozunda


    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.


  • Options
    #115
    the purple tin
    Registered Users Posts: 10,943 ✭✭✭✭the purple tin


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


  • Options
    #116
    Thelonious Monk
    Registered Users Posts: 13,885 ✭✭✭✭Thelonious Monk


    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.


  • Options
    #117
    anewme
    Registered Users Posts: 11,875 ✭✭✭✭anewme


    The loan was rejected.

    Gone onto administration.


  • Options
    #118
    Duffy the Vampire Slayer
    Registered Users Posts: 5,378 ✭✭✭Duffy the Vampire Slayer


    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! :D

    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.


  • Options
    #119
    Capt'n Midnight
    Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    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.


  • Options
    #120
    ben.schlomo
    Registered Users Posts: 11,996 ✭✭✭✭ben.schlomo


    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.


  • Advertisement
  • Options
    #121
    Atlantic Dawn
    Registered Users Posts: 81,404 ✭✭✭✭Atlantic Dawn
    M


    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?


Advertisement