Tag Archives: retail

Jessops – is administration a euphemism for obliteration?

Sadly, yesterday another retailer went into administration, this time Jessops, the high street camera chain. For the time being it continues to trade but the jobs of its 2000 employees in 200 stores are under threat. Surprisingly, Christmas can be a bad time for retailers – rents are due on Christmas Day and if the expected bumper sales don’t materialise, the money may not be there to pay them.

Obviously it’s not going to get any easier for ‘bricks and mortar’ store chains with the continuing increase in online sales, but there’s a more fundamental problem – apart from the massive …

Posted in Op-eds | Also tagged | 20 Comments

Daily View 2×2: 11 February 2010

Well, let’s see. First the earth cooled. And then the dinosaurs came, but they got too big and fat, so they all died and they turned into oil. Then it was February 11th and time for Daily View, on this, Canadian actor Leslie Nielson’s birthday.

He shares the date with the Beast of Bolsover, Dennis Skinner, and Caribou Barbie, the Republican Vice Presidential candidate Sarah Palin.

Other notable occurrences today include the death of Sylvia Plath in 1963 and the début of Julia Child’s US TV show The French Chef in 1963. If you’ve never seen it before, go see Julia making omelettes.

2 Cheerful Stories

British Retail’s “irreversible downward spiral”

The Guardian has news that some British towns and cities have so many empty shops they may never recover:

Many of Britain’s towns and cities are suffering from such huge shop vacancy rates that they risk becoming ghost towns, wiping hundreds of millions of pounds off property values, a study revealed yesterday.

Cities such as Wolverhampton and Bradford, where nearly a quarter of shops lie empty, could be on an irreversible downward spiral as a result of the financial crisis. The research by the Local Data Company shows retail vacancy rates across Britain rose 2% in the past six months of last year to 12%, with some towns seeing as much as 24% of its shops lying empty.

“As much as 24%” ? What’s wrong with “Almost a quarter” ?

Oh, and NB, the photo in the story is my home city Nottingham. I’m not sure where it was taken, but it’s not really typical of the city.

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Recent Comments

  • User AvatarEddie Sammon 30th Sep - 11:12am
    Ha ha, indeed Conor!
  • User AvatarJohnTilley 30th Sep - 11:00am
    Bill ".,,,,,This is why November is a key moment for influencing the result of a May election and why Parties which have the resources spend...
  • User AvatarEddie Sammon 30th Sep - 10:59am
    Economic policy written by Prateek Buch? The person who thinks inflation doesn't really matter? When it comes to pragmatism I am afraid it is hard...
  • User AvatarJohn Penson 30th Sep - 10:56am
    Sounds very interesting. Can you make it an e book so I can read it on my Kindle? Better way to spread the word in...
  • User Avatarmack (Not a Lib dem) 30th Sep - 10:55am
    @Julian Tisi "Yawn. It’s the old debt versus deficit difference again." Yes, it's funny that those dumb economists at the Daily Telegraph don't appreciate the...
  • User AvatarConor McGovern 30th Sep - 10:50am
    @Eddie - fair point. Obviously we have to be pragmatic, but in my view the leadership are being far too timid when it comes to...