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High Street retailers: Who has been hit hardest?

High Street retailers: Who has been hit hardest?

Postby admin » Wed Jan 09, 2013 11:20 pm

High Street retailers: Who has been hit hardest? The High Street has been suffering in the consumer downturn. Customers have been watching their pennies amid concerns about high inflation and job security.

Here are some of the retailers who have been hit hardest over the past year or so.

Jessops has just gone bust :shock:
a bit of a blow as the service was good but the service from some of the on line traders have upped their service as well as ebay so you need to be mindful today
The banks however i find are still providing a bad service because they can get away with it as switching bank is not the answer and they know it
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Re: High Street retailers: Who has been hit hardest?

Postby admin » Sat Jan 12, 2013 12:30 am

4,503 job losses announced in just 10 hours. #BlackFriday in Tory Britain.

More than 4,500 job losses were announced today in a disastrous 10 hour period that brought misery to thousands of families in communities throughout the UK. It began this morning at 8 am when Gloucestershire Prison announced it would be laying off 200 staff as a result of its closure (here). Unions also estimate that 300 further prison officers will lose their jobs at Portsmouth and the Isle of Wight but I have not included them as the BBC did not confirm them (here). Very shortly before 10 am today, the Financial Times broke the news that 800 jobs were to go at Honda's plant in Swindon (here & here). In the same hour, a news story emerged that 248 dairy workers at Fenstanton were being made redundant (here). Almost within 2 hours of that announcement, Dutch Food company Vion announced that 350 jobs were at risk in their Anglesey factory (here, here & here) after Asda pulled a sizeable & valuable lamb contract. Simultaneously, Somerset Fire Authority announced 150 posts would have to go as a result of the 17% cuts imposed (here). 90 minutes later, at half two today, CSC announced today that they are to cut 665 UK jobs as they move off-shore (here). That news was followed less than 1 hours later with the tragic announcement that 12 Fire Stations in London were to close, and 520 Firefighters were to lose their posts (here & here). It has also emerged that 200 police personnel are to be cut from North Westminster in London (here & here). Morgan Stanley, American Express & Citi Group are also finalising UK redundancy numbers after their US Headquarters resolved to cut 20,000+ staff worldwide (here & here), but I have not added their numbers to the total. In the last half an hour Jessops has announced that 1,370 jobs will go as all 187 stores in the UK are to shut (here).

All of the news stories, above, broke within the last 10 hour period and together mean that a total of 3,855 job losses were announced today from Wales, to Swindon, to London and Somerset. This will be but a footnote in the history of the Tory engineered mess but for the 10,000+ immediate family members affected, it is a day they will never forget. Tomorrow they wake up with a new label kindly given to them by the Tory Party. They are the new "feckless" and "workshy". Thousands of new skivers are born.

In total today, 460 new jobs were created, or at least announced. 170 posts are set to be created at Nifco, and 250 posts have been announced at the Body Shop. 40 new jobs were also announced at Telford Ricoh. Sadly, the new jobs are little over 12% in proportion to the jobs lost. I aslo omitted job losses announced yesterday such as the 140 in West Mercia Police force

http://www.greenbenchesuk.com/
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Re: High Street retailers: Who has been hit hardest?

Postby admin » Tue Jan 15, 2013 1:33 am

HMV calls in administrators, putting 4,350 jobs at risk
HMV has called in administrators from Deloitte, putting 4,350 jobs and 238 stores at risk as it becomes the latest retail casualty on the high street.

http://www.telegraph.co.uk/finance/news ... -risk.html
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Re: High Street retailers: Who has been hit hardest?

Postby admin » Wed Jan 16, 2013 8:44 pm

DVD rental firm Blockbuster has become the latest UK High Street firm to go into administration after struggling against online competitors.

The chain has 528 stores and employs 4,190 staff.

Deloitte, the accountancy firm which will now take over running the firm, said Blockbuster UK would keep trading while it tries to find a buyer.

Music chain HMV and camera-seller Jessops both went into administration earlier this month.

"We are working closely with [Blockbuster UK's] suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors," said Lee Manning, from Deloitte's Restructuring Services practice.

"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern.

"During this time gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods."

Many people were unhappy with the administrators' decision not to accept HMV gift vouchers, some of which had been given as Christmas presents.

It is not yet known what will happen to HMV's branches and 4,350 staff. Unusually, all of Jessops' 187 branches closed within days of administrators being appointed.

http://www.bbc.co.uk/news/business-21047652
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Re: High Street retailers: Who has been hit hardest?

Postby admin » Thu Feb 21, 2013 12:35 am

Axminster Carpets in administration discussions

Axminster Carpets in administration discussions
20 February 2013 Last updated at 22:31 Help Axminster Carpets, one of Devon's biggest employers, has applied to go into administration.

The firm, which can trace its beginnings back to 1755, employs about 400 staff at its east Devon plant.

It said administration would provide "a moratorium period during which the various rescue options being explored can continue".

The firm would go on trading while solutions to its problems were sought, it said in a statement
http://www.bbc.co.uk/news/business-21525825
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Re: High Street retailers: Who has been hit hardest?

Postby kingswood » Thu May 30, 2013 11:38 am

One of Marx's earliest propositions. As the mode of production changes, so does society.
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