6 replies to this topic

[John84]

Has anyone else seen this story in the news? Looks like the end of another major retailer

http://www.bbc.co.uk...siness-15650763

[AccountingBasics]

Yes I saw it earlier. It does state that some stores will close but the others will remain open for 18 months. I hope they do survive.

I expect they are suffering with prices with the internet. I recently purchased a washing machine and then found it £120 cheaper online.

[John84]

Wow, thats a hell of a price difference! Just shows the markup that they must whack on things to sell instore!

[AccountingBasics]

Especially as it was only £620 in the first place. I always shop around now to try and get the best price.

[John84]

Yeah, shopping around online is a must nowadays. So many good deals out there!

[Business Circuit]

High street consumer electronics retailers are being hit particularly hard at the moment. The overheads of maintaining large stores makes it near on impossible to compete with internet retailers. I think we may well see other large retailers being hit as well in the not so distant future...

[AccountingBasics]

High street consumer electronics retailers are being hit particularly hard at the moment. The overheads of maintaining large stores makes it near on impossible to compete with internet retailers. I think we may well see other large retailers being hit as well in the not so distant future...

I agree with you, but in the end it is about us wanting the best price for the best product. I do not want to see the retailers having to close, but I also do not want to spend extra money.