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So today 15:48 - Feb 28 with 10459 views

hype313

Maplins and Toys'r'us, have gone into administration. Prezzo are shutting down 100 stores.

Brexits working a dream.

[Post edited 28 Feb 2018 19:00]

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So today on 15:53 - Feb 28 with 5634 views

Swansea_Blue

I wouldn't have though it's got anything (exchange rate drop aside) to do with the impending Brexit though, is it? ToysRUs in trouble in the States too - people's shopping habits have changed drastically and a lot of stores are having trouble adapting. Not that I've seen any of their reasons (don't even know who or what Chichithingy is)

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So today on 15:54 - Feb 28 with 5625 views

chicoazul

Don't know what Brexit has to do with Prezzo being in an incredibly over-crowded dining space competing with Pizza Express.

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So today on 15:56 - Feb 28 with 5617 views

flimflam

And how exactly has Brexit caused that?

I guess it is Brexit's fault that 1000's of pubs have closed over the last 10 years too?

Toys R Us have been in trouble for years as have not embraced the online market.

All men and women are created, by the, you know the, you know the thing.

So today on 15:58 - Feb 28 with 5595 views

C_HealyIsAPleasure

Hot on the heels of Brexit causing Woolworths to collapse too

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So today on 15:59 - Feb 28 with 5597 views

Swansea_Blue

So today on 15:54 - Feb 28 by chicoazul
Don't know what Brexit has to do with Prezzo being in an incredibly over-crowded dining space competing with Pizza Express.

Obviously full of those 50 million Bulgarians who all game over here looking for handouts (pizza)

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So today on 16:00 - Feb 28 with 5590 views

giant_stow

So today on 15:54 - Feb 28 by chicoazul
Don't know what Brexit has to do with Prezzo being in an incredibly over-crowded dining space competing with Pizza Express.

The guardian explained this the other day: exchange rate problems,staff recruitment, plus the punters are freaked by impending doom.

Non brexit reasons include rate rises and over investment

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So today on 16:01 - Feb 28 with 5582 views

Swansea_Blue

So today on 15:58 - Feb 28 by C_HealyIsAPleasure
Hot on the heels of Brexit causing Woolworths to collapse too

And Andys Records

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So today on 16:03 - Feb 28 with 5566 views

SpruceMoose

So today on 16:01 - Feb 28 by Swansea_Blue
And Andys Records

Don't forget Grimwade's.

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So today on 16:03 - Feb 28 with 5566 views

IpswichKnight

Don't forget Freddie Lakers Skytrain, obviously the fault of Brexit!

So today on 16:03 - Feb 28 with 5561 views

lowhouseblue

for the first two it's amazon that's working a dream.

And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show

So today on 16:04 - Feb 28 with 5557 views

usm

I blame Global Warming,

Oh and Maggie,

And the PC Brigade.

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So today on 16:07 - Feb 28 with 5540 views

Swansea_Blue

So today on 16:03 - Feb 28 by SpruceMoose
Don't forget Grimwade's.

Too late, I already had. That's a blast from the past.

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So today on 16:07 - Feb 28 with 5538 views

Swansea_Blue

So today on 16:04 - Feb 28 by usm
I blame Global Warming, Oh and Maggie, And the PC Brigade.

Yep, wouldn't have happened if we'd all had Macs instead.

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So today on 16:10 - Feb 28 with 5515 views

Marshalls_Mullet

Chimichange is part of the Prezzo group.

Toys r us and Maplin are the result of bad management.

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So today on 16:21 - Feb 28 with 5482 views

FrowsyArmLarry

Ewan Davies was talking to the ex pizza express MD and some other restaurateurs on R4 last week. There is a lot of stress in the industry at the moment with the main forces being too many new restaurants opening in the past three years and we are seeing a correction in supply/demand apparently. The main thing however is the rises in rent and rates (due to the changes in business rate calculation). The change in rates has wiped out a lot of business cases.

So today on 16:24 - Feb 28 with 5448 views

Swansea_Blue

So today on 16:21 - Feb 28 by FrowsyArmLarry

That makes sense. That's having a hit on a lot of businesses. Was talking to someone the other day with a change of usage application in with their local council (holiday home rates doubling) and the system is clogged with applications.

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So today on 16:27 - Feb 28 with 5433 views

Freddies_Ears

So today on 15:54 - Feb 28 by chicoazul
Don't know what Brexit has to do with Prezzo being in an incredibly over-crowded dining space competing with Pizza Express.

It has increased costs on any imported products. Also, drop in economic growth and inflation > wage rises over a couple of years has reduced consumer spending. Econ growth and inflation issues are Brexit-related.

Prezzo over-expansion in a crowded market didn't help either, incl paying over the odds in rents.

So today on 16:32 - Feb 28 with 5408 views

Deano69

So today on 15:54 - Feb 28 by chicoazul
Don't know what Brexit has to do with Prezzo being in an incredibly over-crowded dining space competing with Pizza Express.

Same as Byrons and a few others, trying to grow beyond their means, not always the best strategy for longevity.

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So today on 16:33 - Feb 28 with 5410 views

HennikerBlu

Please edit your OP. Prezzo and Chimichanga have announced the closure of 100 out of 300 stores. They are NOT in administration.

I have friends that work there. Cheers!

So today on 16:39 - Feb 28 with 5374 views

FrowsyArmLarry

So today on 16:24 - Feb 28 by Swansea_Blue
That makes sense. That's having a hit on a lot of businesses. Was talking to someone the other day with a change of usage application in with their local council (holiday home rates doubling) and the system is clogged with applications.

Yeah, that’s what it comes down to. The other important fact they mentioned was that these businesses (restaurants) operate on 20% profit so a big change in costs really hits them. Rising food costs were mentioned but not a big influence. Incidentally the markup on a plate of food is £12 for £1.20 worth of ingredients.

So today on 16:43 - Feb 28 with 5353 views

Deano69

So today on 16:04 - Feb 28 by usm
I blame Global Warming, Oh and Maggie, And the PC Brigade.

Jamie Oliver, he's the one

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So today on 16:50 - Feb 28 with 5322 views

Lord_Lucan

To be fair.

ToysRus; Been on the cards for years - outdated business

Maplins; They charge £20 for a cable that you can buy of Amazon for next day (sometimes same day) delivery at £1

Prezzo; People have realised they are being ripped off? - Watch Zizzis, Ask etc follow.

ChimmyWimmy; Didn't know about that. See above.

Also I wouldn't be surprised if B&Q hit the wall although apparently their finances are strong.

Brands that lead the way like Ikea, McDonalds, Aldi, etc seem to be ok.

Personally I think Brexit won't help but the stores you mentioned have been a long time in trouble. Maplins appointed ex directors of two other failed companies to their board recently.

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So today on 16:52 - Feb 28 with 5307 views

Mullet

Some good bites here for, with all due respect a fairly beige little maggot you dangled out. Must be the weather.

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So today on 16:54 - Feb 28 with 5294 views

Pinewoodblue

So today on 16:07 - Feb 28 by Swansea_Blue
Too late, I already had. That's a blast from the past.

Don't forget Footmans.

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So today on 16:55 - Feb 28 with 5294 views

Deano69

So today on 16:50 - Feb 28 by Lord_Lucan

Agree. Much like the Ryanair suggestion that they have pulled out of Glasgow because of Brexit. Just a convenient excuse.

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