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A 7th high street retailer goes into administration
Author: Hazlemere Windows | Leave a Comment >>It started with Woolworths, then MFI, then Zavvi, the Officers Club, Whittards of Chelsea, Adams and now, according to BBC News, the French women’s clothing store chain Morgan has gone into administration.
With the income of many High Street retailers shrinking, combined with massively reduced margins caused by rising costs and heavy discounting, it is clear many retailers simply will not be able to cover all their outgoings, particularly in terms of rental and staff costs. Many retailers are tied into long term leases that they may be unable to get out of without going into administration.
2009 will no doubt be a testing time for retailers, wholesalers and manufacturers who have high fixed overheads. Through prudent management and decades of…
Could Woolworths’ end up being to the High Street, what Northern Rock was to Banking?
Author: Hazlemere Windows | Leave a Comment >>Today marks the start of the closure of Woolworths’ 800 High Street retail stores in batches. More than 200 Woolworths stores to close later today.
Locally the Woolworths in Aylesbury, Maidenhead and Uxbridge close today, Amersham and Windsor Woolworths’ close down on 30th December 2008, Slough and Watford on 2nd January and the Woolworths’ stores in Beaconsfield, Bracknell, High Wycombe, Reading and Thame close in the final batch of closures of Woolworths high street retail stores on Monday 5th January 2009.
Unless a last minute buyer is found over 27,000 jobs will go by Monday 5th January, not the greatest start to the New Year. However my concern is that just like Northern Rock…
Are the Woolworths retail chain’s major problems simply the thin end of the wedge for the High Street?
Author: Hazlemere Windows | Leave a Comment >>With both MFI and Woolworth’s in administration, British retailing looks bleak, especially with others like Currys, PC World and Dixons saying profits are down. MFI seemed to lose their way several years ago when they tried to move up market away from their original marketplace, and instead of being able to buy goods and take them home you now have to order them and wait – No wonder IKEA have done so well as they have filled the void MFI for some unknown reason appeared to have vacated.
Unlike MFI, Woolworth’s is a High Street brand that would be very sad if it closed. Woolworths have 3 retail outlets local to Hazlemere Windows in Amersham, Beaconsfield and High Wycombe. Woolworths have been in the High Street in High Wycombe…
Hazlemere Commercial win £2.2 million contract
Author: Hazlemere Windows | Leave a Comment >>Hazlemere Commercial, a major Division of the Hazlemere Group recently secured a major £2.2m order for aluminium windows, doors and curtain walling at Bideford College in Devon. The contract will be delivered by Hazlemere Commercial in 2009 as part of a £44m redevelopment of the existing college campus by developers Morgan Ashurst, as part of the Governments Building Schools for the Future programme.
This is just one of dozens of sizeable contracts won in recent years by Hazlemere Commercial, who have a growing reputation amongst developers, local authorities, housing associations, architects and commercial property owners. Hazlemere Commercial’s specialist technical knowledge and unique capabilities is what sets them apart from run of the mill double glazing firms, as many of the case studies that have been done on…
Is Osborne trying to give sterling a pounding?
Author: Hazlemere Windows | Leave a Comment >>What on earth is Shadow Chancellor George Osborne up to in an article in the Times today suggesting that there could be a run on the Pound? He “accuses” Gordon Brown of being irresponsible with the British Economy, yet irresponsibly suggests “We are in danger…..of having……a run on the pound.” Is he trying to bring Sterling to its knees? Does he want the Tories to inherit a failing economy? The Tories would do well to bring back the Statesmanlike and respected Kenneth Clarke, who focuses on policies and not personalities like Mr Osborne. Could it be Mr Osborne’s own lack of policies and personality he is covering up for by criticising everyone Else’s?
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