Zaavi Gone Bust Today

[Uncle Spielberg]

BBC NEWS | Business | Zavvi placed into administration

 

[Uncle Spielberg]

The coffee and tea place yesterday 130 stores , Woolies and now Zavvi. Next year is going to be utter ccarnage.

Merry Xmas.

 

[ben andrews' girlfriend]

fffff.....

 

[Don Quixote]

who will be next!?

 

[Uncle Spielberg]

Where

 

[Uncle Spielberg]

who will be next!?

Anyone.

 

[Mellotron]

If this means a games and dvds clearout, I'm gonna go SPENDMENTAL.

 

[Don Quixote]

Not anyone. I doubt that Tesco or any other large supermarkets can go bust. After all everyone needs food.

 

[Uncle Spielberg]

A few supermarkets
A few banks

Thats it

 

[Uncle Spielberg]

Next year expected to be worse than 1947 when the country was basically bankrupted by the War. Happy days.

 

[Guy Fawkes]

The officers club have also gone into administration along with Whittards and its expected that 18 well known high street stores will be doing the same after Christmas

btw - Zavvi - On the brink? - North Stand Chat

 

[Uncle Spielberg]

It was on the brink now its over the brink. I think by the end of March the retail sector will be wiped out along with anyone involved in housing and property. I will be gald to see the back of 2008 but do not feeling like celebrating 2009 as its going to be even worse.

 

[Wardy]

It was on the brink now its over the brink. I think by the end of March the retail sector will be wiped out along with anyone involved in housing and property. I will be gald to see the back of 2008 but do not feeling like celebrating 2009 as its going to be even worse.

Though there is a post made today saying that they had gone over the brink.

In answer to your who next question I think that by this time next year we may well be looking at a different high street. I think a number of big name companies are going to go under.

 

[otk]

Surely Branson wouldn't have offed the Virgin Megastores if they were still viable? A canny cookie indeed

The bottom has fallen out of the CD market with downloads taking over and Amazon and the like creaming off the remaining business

Vinyl's resurgence looks healthy and more power to the labels putting it out

 

[surrey jim]

I always wonder how Jessops is still going, Online/supermarkets can do prints and sell cameras much cheaper than there and there isnt the personal touch that you get from Park Cameras etc

 

[ben andrews' girlfriend]

I think it'll be the likes of Wallis and Dorothy Perkins going next. Wallis was running at a minus when i worked there 5 years ago.

 

[surrey jim]

I think it'll be the likes of Wallis and Dorothy Perkins going next. Wallis was running at a minus when i worked there 5 years ago.

are they not part of the Arcadia group, (owned by Philip Green who owns M&S) if so think they may be large enough to weather the storm

 

[Don Quixote]

f*** CD's they're crap anyway

 

[Tom Hark Preston Park]

Still, on the bright(ish) side, we can now identify the REAL 'Enemy Within'. Just been reading on the Standard website about the very sad suicide of a European investor caught up in the Madoff scam:

'News of the latest revelation in the Madoff saga come as the FBI has moved agents from anti-terrorism investigations in order to look into financial fraud because it poses "the greatest threat" to America.'

 

[Herr Tubthumper]

Some of this is down to the economic situation, some of it is down to a change in how we shop. Whether you approve or not as a nation we a spending more and more over the net. High Street stores would have become a thing of the past regardless of the credit crunch...all it has done is speed things up.

The same has been happening in the music industry for the past few years where not only has there been a shift from shop to internet....the actual product has gone digital as well. The music industry is having to adapt its business model.....so will the rest of the retail world.