First Woolworths, then a couple of other shops I've never heard of and now Zavvi - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**9Goarveboofe** · 12-25-2008, 02:50 AM

http://news.bbc.co.uk/1/hi/business/7798973.stm

In case you didn't know Zavvi used be Virgin Megastores.

With so many big names going under I wonder who will be next. They said on the radio the other day that a possible 15 well known stores could get in to trouble.

**pipojambo** · 12-25-2008, 03:03 AM

I went shopping today and saw a sign on the Zavvi store window. They said that they're continuing trading but they will no longer do refunds, offers and other stuff I couldn't remember.

They didn't even accept my student card. [thumbdown]

**GentlieGant** · 12-25-2008, 03:11 AM

Argos will be next.

edit: maybe pc world. Btw im just randomly guessing.

**Arkadiyas** · 12-25-2008, 03:27 AM

DSG are highly likely to go into administration, so that's PC World off and away, I reckon mid January. Home Retail Group should weather the storm; their thorn is Homebase.

**9Goarveboofe** · 12-25-2008, 03:59 AM

Apparently Zavvi aren't honouring gift vouchers. If they were bought from the 27th November you can write to the administrators for a refund, but if they were bought before you have to write and ask for the claim to registered as an unsecure claim! Like someone said on another site, "If I had a £50 voucher I'd just walk in, pick up 50 quids worth of goods and then chuck the voucher on the counter and walk out.

Just to see what they would do. Bet staff are disgusted, they probably wouldn't care....."

**Espacamlisa** · 12-25-2008, 05:44 AM

DSG are highly likely to go into administration, so that's PC World off and away, I reckon mid January. Home Retail Group should weather the storm; their thorn is Homebase.

DSG must be massive there would be massive job losses if they fall over [shocked]

**NerbuitW** · 12-25-2008, 05:44 AM

One of the main reasons that these big chains are in trouble is that their profits go to the shareholders, whilst they use bank loans to fund expansion and running costs. Once we enter an environment where loans dry up, these companies are in trouble as they are not "cash-rich" - they re-invested little or none of their profits.

Its a win win situation for the shareholders though, as they get maximum profits, and are at the top of the pecking order to walk away their money if things go pear shaped, leaving everyone else in the crap.

In essence many of these companies were nothing more than "hollow-shells" - that collapsed like packs of cards when times get tough.....

**9V4i8xw1** · 12-25-2008, 05:47 AM

maybe pc world

We can only hope [thumbup][thumbup]

Looks like Richard sold Virgin Megastores at the right time heh

**Espacamlisa** · 12-25-2008, 05:49 AM

We can only hope [thumbup][thumbup]

Looks like Richard sold Virgin Megastores at the right time heh

One might wonder if he saw this coming!

For Sir Bransons technical take on the economy see this:

http://news.sky.com/skynews/Home/Bus...=searchresults

**NudiJuicervich** · 12-25-2008, 05:50 AM

like i have been saying this is just the start of it,
it is going to get alot worse next year

http://www.independent.co.uk/news/uk...h-1207378.html

**kavaTeexy** · 12-25-2008, 06:08 AM

Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup]

**Espacamlisa** · 12-25-2008, 06:10 AM

Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup]

If any of the stuff actually works!

**9V4i8xw1** · 12-25-2008, 06:19 AM

If any of the stuff actually works!

My problem is with the stuff being mis-sold by ignorant sales people who spurt out complete BS.

I used to have to buy the odd thing from their business department (which can, actually, be well priced for certain things)... walking through their sales department... the number of times I pissed salesmen off by correcting them to a customer... calling them on blatant lies.

I don't blame the salesmen, I blame the management... I had friends (2) who had their job applications rejected because they knew too much about / had too much experience with computers.

On another note - this is a fantastic time to be a student!

**9Goarveboofe** · 12-25-2008, 07:13 AM

In my title I forgot about MFI going under as well!

**12Cickprior** · 12-25-2008, 07:18 AM

I hope PCW doesnt go under. It is very useful at times when I cant be bothered to wait for delivery from online, and wait around for the courier/postman. Quite often their prices are good if you reserve online first. I will be very upset if PCW goes.

**kavaTeexy** · 12-25-2008, 08:02 AM

My problem is with the stuff being mis-sold by ignorant sales people who spurt out complete BS.

I used to have to buy the odd thing from their business department (which can, actually, be well priced for certain things)... walking through their sales department... the number of times I pissed salesmen off by correcting them to a customer... calling them on blatant lies.

I don't blame the salesmen, I blame the management... I had friends (2) who had their job applications rejected because they knew too much about / had too much experience with computers.

That got me banned from my Local PC world for quite sometime, As I would overhear some conversation between a member of sales staff and a customer and when I heard any "porkies" I would chip in with some banter, usually along the lines of "Thats a complete rip off, buying onlne elsewhere will save you £??? whatever amount of money, Or hearing staff telling customers that a 3Ghz celeron is faster than some AMD single core at 2.4Ghz or something like that, or some other such rubbish.

I know some people are dumb and deserved to be ripped off, but when some old man and woman of about 80-90 years old are being ripped off to the tune of several hundred quid, I feel like screaming out loud, that its cheaper at such and such place like ebuyer or aria etc.
Just really pisses me off. [cursing]

(might be my grandad or something).

**P9CCd35R** · 12-25-2008, 08:31 AM

Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup]

If the stock in my local PC World is anything to go by they would be downgrades.

**kavaTeexy** · 12-25-2008, 10:11 AM

If the stock in my local PC World is anything to go by they would be downgrades.

lol....I know what you mean, my local store still sells budget video cards for about 4 times as much as you'd pay online.

Might be worth getting a 24-26" monitor from them if they go under though, I saw a nice 24" samsung for under £230 there recently.

**Kliopeion** · 12-25-2008, 11:47 AM

yes, so I was driving down the left side of the road the other day going a good 40kmh, when I saw this bloke in a lorry carrying several quid worth of blood pudding

/obvious yank doing a horrible job fitting into a clearly british conversation

How long ago did you guys lose your woolworths? we lost them along time ago over here. Maybe 10 years?

**car.insur** · 12-25-2008, 06:54 PM

How long ago did you guys lose your woolworths? we lost them along time ago over here. Maybe 10 years?

The first stores close on the 27th, the final batch by the 2nd. So its happening right now.

12-25-2008, 02:50 AM	#1
9Goarveboofe Join Date Oct 2005 Posts 481 Senior Member	First Woolworths, then a couple of other shops I've never heard of and now Zavvi http://news.bbc.co.uk/1/hi/business/7798973.stm In case you didn't know Zavvi used be Virgin Megastores. With so many big names going under I wonder who will be next. They said on the radio the other day that a possible 15 well known stores could get in to trouble. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 03:03 AM	#2
pipojambo Join Date Oct 2005 Posts 502 Senior Member	I went shopping today and saw a sign on the Zavvi store window. They said that they're continuing trading but they will no longer do refunds, offers and other stuff I couldn't remember. They didn't even accept my student card. [thumbdown] Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 03:11 AM	#3
GentlieGant Join Date Oct 2005 Posts 400 Senior Member	Argos will be next. edit: maybe pc world. Btw im just randomly guessing. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 03:27 AM	#4
Arkadiyas Join Date Oct 2005 Posts 692 Senior Member	DSG are highly likely to go into administration, so that's PC World off and away, I reckon mid January. Home Retail Group should weather the storm; their thorn is Homebase. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 03:59 AM	#5
9Goarveboofe Join Date Oct 2005 Posts 481 Senior Member	Apparently Zavvi aren't honouring gift vouchers. If they were bought from the 27th November you can write to the administrators for a refund, but if they were bought before you have to write and ask for the claim to registered as an unsecure claim! Like someone said on another site, "If I had a £50 voucher I'd just walk in, pick up 50 quids worth of goods and then chuck the voucher on the counter and walk out. Just to see what they would do. Bet staff are disgusted, they probably wouldn't care....." Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 05:44 AM	#6
Espacamlisa Join Date Oct 2005 Posts 402 Senior Member	DSG are highly likely to go into administration, so that's PC World off and away, I reckon mid January. Home Retail Group should weather the storm; their thorn is Homebase. DSG must be massive there would be massive job losses if they fall over [shocked] Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 05:44 AM	#7
NerbuitW Join Date Oct 2005 Posts 449 Senior Member	One of the main reasons that these big chains are in trouble is that their profits go to the shareholders, whilst they use bank loans to fund expansion and running costs. Once we enter an environment where loans dry up, these companies are in trouble as they are not "cash-rich" - they re-invested little or none of their profits. Its a win win situation for the shareholders though, as they get maximum profits, and are at the top of the pecking order to walk away their money if things go pear shaped, leaving everyone else in the crap. In essence many of these companies were nothing more than "hollow-shells" - that collapsed like packs of cards when times get tough..... Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 05:47 AM	#8
9V4i8xw1 Join Date Oct 2005 Posts 481 Senior Member	maybe pc world We can only hope [thumbup][thumbup] Looks like Richard sold Virgin Megastores at the right time heh Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 05:49 AM	#9
Espacamlisa Join Date Oct 2005 Posts 402 Senior Member	We can only hope [thumbup][thumbup] Looks like Richard sold Virgin Megastores at the right time heh One might wonder if he saw this coming! For Sir Bransons technical take on the economy see this: http://news.sky.com/skynews/Home/Bus...=searchresults Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 05:50 AM	#10
NudiJuicervich Join Date Nov 2005 Posts 570 Senior Member	like i have been saying this is just the start of it, it is going to get alot worse next year http://www.independent.co.uk/news/uk...h-1207378.html Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 06:08 AM	#11
kavaTeexy Join Date Oct 2005 Posts 420 Senior Member	Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup] Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 06:10 AM	#12
Espacamlisa Join Date Oct 2005 Posts 402 Senior Member	Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup] If any of the stuff actually works! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 06:19 AM	#13
9V4i8xw1 Join Date Oct 2005 Posts 481 Senior Member	If any of the stuff actually works! My problem is with the stuff being mis-sold by ignorant sales people who spurt out complete BS. I used to have to buy the odd thing from their business department (which can, actually, be well priced for certain things)... walking through their sales department... the number of times I pissed salesmen off by correcting them to a customer... calling them on blatant lies. I don't blame the salesmen, I blame the management... I had friends (2) who had their job applications rejected because they knew too much about / had too much experience with computers. On another note - this is a fantastic time to be a student! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 07:13 AM	#14
9Goarveboofe Join Date Oct 2005 Posts 481 Senior Member	In my title I forgot about MFI going under as well! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 07:18 AM	#15
12Cickprior Join Date Oct 2005 Posts 534 Senior Member	I hope PCW doesnt go under. It is very useful at times when I cant be bothered to wait for delivery from online, and wait around for the courier/postman. Quite often their prices are good if you reserve online first. I will be very upset if PCW goes. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

12-25-2008, 08:02 AM	#16
kavaTeexy Join Date Oct 2005 Posts 420 Senior Member	My problem is with the stuff being mis-sold by ignorant sales people who spurt out complete BS. I used to have to buy the odd thing from their business department (which can, actually, be well priced for certain things)... walking through their sales department... the number of times I pissed salesmen off by correcting them to a customer... calling them on blatant lies. I don't blame the salesmen, I blame the management... I had friends (2) who had their job applications rejected because they knew too much about / had too much experience with computers. That got me banned from my Local PC world for quite sometime, As I would overhear some conversation between a member of sales staff and a customer and when I heard any "porkies" I would chip in with some banter, usually along the lines of "Thats a complete rip off, buying onlne elsewhere will save you £??? whatever amount of money, Or hearing staff telling customers that a 3Ghz celeron is faster than some AMD single core at 2.4Ghz or something like that, or some other such rubbish. I know some people are dumb and deserved to be ripped off, but when some old man and woman of about 80-90 years old are being ripped off to the tune of several hundred quid, I feel like screaming out loud, that its cheaper at such and such place like ebuyer or aria etc. Just really pisses me off. [cursing] (might be my grandad or something). Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 08:31 AM	#17
P9CCd35R Join Date Oct 2005 Posts 466 Senior Member	Someone already mentioned to me that PC world is the next chain to go under, Hope they have a sale, so we can all pick up some cheap upgrades. [thumbup] If the stock in my local PC World is anything to go by they would be downgrades. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 10:11 AM	#18
kavaTeexy Join Date Oct 2005 Posts 420 Senior Member	If the stock in my local PC World is anything to go by they would be downgrades. lol....I know what you mean, my local store still sells budget video cards for about 4 times as much as you'd pay online. Might be worth getting a 24-26" monitor from them if they go under though, I saw a nice 24" samsung for under £230 there recently. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 11:47 AM	#19
Kliopeion Join Date Oct 2005 Posts 400 Senior Member	yes, so I was driving down the left side of the road the other day going a good 40kmh, when I saw this bloke in a lorry carrying several quid worth of blood pudding /obvious yank doing a horrible job fitting into a clearly british conversation How long ago did you guys lose your woolworths? we lost them along time ago over here. Maybe 10 years? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

12-25-2008, 06:54 PM	#20
car.insur Join Date Oct 2005 Posts 437 Senior Member	How long ago did you guys lose your woolworths? we lost them along time ago over here. Maybe 10 years? The first stores close on the 27th, the final batch by the 2nd. So its happening right now. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote