Originally posted by Old Greg
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Reply to: Brexit to blame
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Previously on "Brexit to blame"
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Originally posted by Mordac View PostBS. Patisserie Valerie was down to fraud, Jamie Oliver's was down to his BiLs incompetence, Debenhams hasn't gone yet. You can't just make stuff up, and blame something that hasn't happened yet. Taxes, rates, rents and govt regulation are equally, if not more significant factors.
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Originally posted by AtW View Post"Brexit has helped to drag Arcadia to the brink of administration, says senior market analyst Fiona Cincotta of City Index.
She points out that a clutch of retailers have hit serious problems since the 2016 referendum:
Brexit is slowly but incredibly persistently eroding the confidence and the spending power of the British consumer. The process started fairly discreetly but given that it has now been in place for close to three years it is claiming more and more victims.
Notable business failures this year alone include Debenhams, LK Bennett, Wine Direct, Office Outlet, Steamer Trading, Patisserie Valerie, OddBins and Jamie Oliver’s chain of restaurants. The list is already long and scary enough without adding the big closures of 2017 and 2018.
Factor in the rise in online shopping, and high business rates, and it all adds up to a crisis."
Arcadia: Thousands of jobs saved as landlords back rescue plan - business live | Business | The Guardian
So now it's official - because I say so!
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Originally posted by AtW View PostBrexit has helped to drag Arcadia to the brink of administration
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Says some random remoaner. It's official.
You are all depressing losers who can't handle reality, which is that many retail shops are from the last century in terms of shopping experience, are poorly stocked, badly staffed, poor value for money and difficult to find parking near.
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Brexit to blame
"Brexit has helped to drag Arcadia to the brink of administration, says senior market analyst Fiona Cincotta of City Index.
She points out that a clutch of retailers have hit serious problems since the 2016 referendum:
Brexit is slowly but incredibly persistently eroding the confidence and the spending power of the British consumer. The process started fairly discreetly but given that it has now been in place for close to three years it is claiming more and more victims.
Notable business failures this year alone include Debenhams, LK Bennett, Wine Direct, Office Outlet, Steamer Trading, Patisserie Valerie, OddBins and Jamie Oliver’s chain of restaurants. The list is already long and scary enough without adding the big closures of 2017 and 2018.
Factor in the rise in online shopping, and high business rates, and it all adds up to a crisis."
Arcadia: Thousands of jobs saved as landlords back rescue plan - business live | Business | The Guardian
So now it's official - because I say so!
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