What will be the next company to go bust?

Banned
i got a feeling the next company to go bust will be Littlewoods as they rip you of like anything for example Fifa street 3 for xbox 360 £61.00 its like £10.00 in shops brand new.

and they take 3 weeks to deliver.

13 Comments

The whole point of Littlewoods is that you can pay by instalments without much credit checking - which is important to people who have fixed low incomes

Much more likely to go is someone with a high street presence like Borders or BHS

Original Poster Banned

alanrowell;3831837

The whole point of Littlewoods is that you can pay by instalments without … The whole point of Littlewoods is that you can pay by instalments without much credit checking - which is important to people who have fixed low incomesMuch more likely to go is someone with a high street presence like Borders or BHS



maybe

I have heard from a reliable source that DSG (i.e. Currys, Dixons and PC World) may be the next to go, apparently if things don't pick up and custom stays the same as it has been they could be in administratioby as soon as the end of Feb. Hardly suprising though when you consider that they use 16 year old's to try and sell PC's when they have no idea what they are talking about, and charge more than you can get things for on the net!

Original Poster Banned

good point one of them will have to go because there is just to many electrical stores

I love littlewoods to go bust. They rip everyone off especially over this voucher rubbish.

Example they sent a voucher through the post and I used it only for them to add on money two weeks later after the goods had been delivered! Had so many other problems as well.

But unfort there are loads of people like stated above, that use it to pay on installments......... :whistling:

But agree with PC world. Thats funny and its true, a 16 with no clue tried to sell me a computer.lol

Bar-hum-bug

Happy crimbo and for once it would be nice for people not to moan and flaff on here....... take it easy. :w00t:

cosmicdav3;3831922

I have heard from a reliable source that DSG (i.e. Currys, Dixons and PC … I have heard from a reliable source that DSG (i.e. Currys, Dixons and PC World) may be the next to go, apparently if things don't pick up and custom stays the same as it has been they could be in administratioby as soon as the end of Feb. Hardly suprising though when you consider that they use 16 year old's to try and sell PC's when they have no idea what they are talking about, and charge more than you can get things for on the net!



Can't say I would be upset if they went, all these carp companies have had a long time to start being competitive with Internet shopping and still continue to rip people off. They only have themselves to blame other stores manage to be 'with it', haha.

I've only heard of Woolworths, MFI, and Free Radical Design going into administration so far, but my choice would come down to one of these three...

JJB Sports
Zavvi Entertainment Group
Dixons Stores Group (as mentioned above)

But not Jaguar now, courtesy of owners Tata ]pumping in millions of pounds to keep it going.

BFN,

fp.

Its all good IMO about time these companies had a shake up and have a chance to show some grit or not.

I think Zavvi is almost a certainty - they owe in excess of £100 million to UK Entertainment (part of Woolworths) and are unable to pay this, hense the stop they have put on online ordering, and sales they have laready started in store. If they are unable to raise this money, and quickly then they will have no option but to follow the same route as Woolworths. They may claim that they are "urgently trying to find a new supplier" but the likelihood of anyone supplying a company which is currently unable to pay it's outstanding debts is very unlikely.

cosmicdav3;3831997

I think Zavvi is almost a certainty - they owe in excess of £100 million … I think Zavvi is almost a certainty - they owe in excess of £100 million to UK Entertainment (part of Woolworths) and are unable to pay this, hense the stop they have put on online ordering, and sales they have laready started in store. If they are unable to raise this money, and quickly then they will have no option but to follow the same route as Woolworths. They may claim that they are "urgently trying to find a new supplier" but the likelihood of anyone supplying a company which is currently unable to pay it's outstanding debts is very unlikely.



they taking orders in store, by using [url]www.play.com[/url], when I saw this I cancelled my order and got it from play.com myself!!!

sadly it is a fact that in the current economic climate companies like littlewoods who offer small monthly or weekly payments and dont ask too many questions are MORE likely to do well-I agree they are a total rip off but that isnt going to put them in danger methinks.

the companies who are most likely to go to the wall are ones servicing huge unsustainable debts like dixons/zavvi as already mentioned.

These retailers are paying for unacceptably high rental rather like people paying off their mortagage. The banks had been rescued by the tax payers so the tax payers are "subsidising" the reduced interest rates.... but the property landlords do not need rescue as they built up their high street property portfolio at least since many decades....so the rental for these shops are astronomical relative to the net profit of these retailers who have achieved huge scale of economy by increasing their size so that they could buy in bullk... but the property rental prices had gone up by leaps with the property boom. DSG , for example, have had to make their operating profit from extended warranties and instalment payment policies, to make a profit after sales of less than 10% so they are vulnerable when sales volumes drop by more than 20%.

Tits R Us
Post a comment
Avatar
@
    Text
    Top Discussions
    1. Surprise! The HUKD Summer Flamedeer Hunt 2017 **OFFICIAL THREAD** (trading …3441248
    2. Best advert ever to be seen.2024
    3. Back to school: what's your views on your kids uniform and piercing rules e…1632
    4. If you had £50,000 to start a business what would it be ?1830

    See more discussions