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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    @ Matthew "But that is the opposite of the original argument. There is no special “London tax” proposed. The idea is that wealthier people get...
  • User AvatarSimon McGrath 31st Oct - 2:36pm
    @matthew - how does the success of financial services in London cause industry to be closed down elsewhere?
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    Yes Norman Lamb is probably right to criticise those halloween outfits. Although, people can take offence at everything. However, the statement "What’s scarier than the...
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    @ Dav It is a black hole if it pays less in tax revenues than it's rental value of land . Unlike the value of...
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    Dav London generates the wealth which keeps the UK running. Yes, and to what extent has that involved sucking up all the people with the...