Administration & Liquidation Station | Toys R Us and Maplin latest casualties

Discussion in 'Current Events' started by Ultimate Grib, Feb 28, 2018.

  1. Feb 28, 2018
    #1

    Ultimate Grib Full Member

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    So after Carillion went into liquidation and more than 1000 people lost their jobs, and indirectly tens of thousands will likely suffer. Another 5500 are at risk this morning as Toys R Us and Maplin go into administration.

    It is unlikely buyers will be found for either not only because because high street retailers face fierce competition from online retailers and are not really able to compete, but with Brexit looming creditors and investors are extremely cautious anyway




    2016 and 2017 was the first time since 2012 where the number of retailers going bust increased and more than nearly 40,000 jobs were affected.

    We've already started the first quarter of the new year bleakly but just how many more of these will we see this year when creditor confidence is low and the economy has a dark cloud of uncertainty over it?
    Last edited: Feb 28, 2018
  2. Feb 28, 2018
    #2

    Penna Kind Moderator (with a bit of a mean streak) Staff

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    Electronics and toys - things people now probably buy online, more often than not. It's bad news for retailers and people working in that sector.
  3. Feb 28, 2018
    #3

    Bojan11 Full Member

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    Or things people buy from pound stores.

    Wouldn’t surprise me if GAME are next.

    It seems only Argos are the only ones who seem to get it. People wanna order online, but they want their products as soon as possible. That’s what they get with fast track which is a good alternative to Prime. I believe Curry’s/Dixon also do something similar.

    Never stepped foot in a Maplins. Haven’t been to a toys r us for a decade.

    These companies have had ancient strategies.

    Just had a look at Maplins website. Free delivery for orders under £10 and you’d have to pay £2.99 if it’s over that amount. Then that will take 3-5 days. £5.99 for next day delivery.

    Where as Amazon give you free super saver delivery which would take 3-5 days. £5.99 would get you a month of prime. These companies need to start being a lot smarter to compete.
  4. Feb 28, 2018
    #4

    jojojo Moderator Staff

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    Maplin used to have some distinct products and it's own niche market amongst electronics hobbyists. Now most of their stuff is either tacky or overpriced. eBay's taken over that kind of specialist retail stuff and trade electronics suppliers are doing the rest through their online sites. A bit of a shame as I used to like to be able to look at/handle some of the items before buying, but most of the stuff I've looked at in there in recent years I've rejected. Neither good/robust enough for consumer use nor novel enough for techies.
  5. Feb 28, 2018
    #5

    Redlambs Creator of the Caftards comics

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    They are an utter trash store. They jack up prices the second they get a whiff of the oppotunity (especially the VR stuff) and they barely stock anything anymore, it's all 'available to order' when you go in store. I'm surprised they aren't already under.


    Yeah they went the way of the Gadget shop, started off with stuff unique to them then just went into shit you can buy much cheaper on ebay.
  6. Feb 28, 2018
    #6

    SteveJ all-round nice guy, aka Uncle Joe Kardashian Scout

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  7. Feb 28, 2018
    #7

    SalfordRed18 Full Member

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    People still use game, though. Games certainly fine.
  8. Feb 28, 2018
    #8

    Cheesy Bread with dipping sauce Scout

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    Mostly an inevitably in that a lot of these stores haven't really adapted and were always going to fall victim to cheaper, quicker alternatives.

    I feel like the greater concern with the proliferation of online shopping is a select few companies like Amazon being able to wield too strong an influence over the market; they're already incredibly dominant as a retailer and have the power to monopolise it to a certain extent.
  9. Feb 28, 2018
    #9

    Rado_N Yaaas Broncos!

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    I was reading about Toys R Us financial difficulties a week or so back and the thing I found most surprising was that Toys R Us hadn't already gone bust.
  10. Feb 28, 2018
    #10

    Bojan11 Full Member

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    They are far from fine. They made massive losses last year and share prices have taken a dive. They reduced to putting concessions in Sports direct stores now.

    Doesn’t help that digital sales are increasing every year and stuff like Xbox pass is out.
  11. Feb 28, 2018
    #11

    NinjaFletch Full Member

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    Toys R Us was an utterly appalling shop whose entire setup seemed to be based around doing the most consumer unfriendly thing at every possible point.

    Baffling they lasted this long tbh.
  12. Feb 28, 2018
    #12

    Classical Mechanic Full Member

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    Finally get them out of that horrible little trading estate on Ancoats. I believe they are letting the leases run out before redeveloping the area.
  13. Feb 28, 2018
    #13

    Rado_N Yaaas Broncos!

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    Didn't know that but it makes sense, there's shitloads of development gone/going on over that way.
  14. Feb 28, 2018
    #14

    Cheesy Bread with dipping sauce Scout

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    Yeah, they had some nostalgia appeal but I can't remember the last time I actually heard someone saying they'd gone there.
  15. Feb 28, 2018
    #15

    Classical Mechanic Full Member

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    City's owners had to buy it and redevelop it as part of their stadium deal IIRC. They have built all the new apartments opposite the Royal Mills just behind it too.

    There is only JD Sports left there now so it shouldn't be too long before it gets demolished.

    edit: these are the details.

    https://www.manchestereveningnews.co.uk/news/property/central-retail-park-plans-manchester-13608899
  16. Feb 28, 2018
    #16

    Mike Schatner Devil's advocnut

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    The high street will get decimated the next few years. Shrinking margins and losing sales to online will wipe a lot of chains and shops out. The impact on the economy will also be devastating. Literally hundreds of thousands of jobs will be wiped out. The likes of Amazon will need minimal staff in distribution facilities as they upgrade and improve there robotics.

    Must admit I barely buy a thing in a brick and mortar stores anymore.
  17. Feb 28, 2018
    #17

    Rado_N Yaaas Broncos!

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    A girl my missus used to work with lived in an apartment in the old Mill just off Ancoats, it was a duplex at the top with a balcony it was well nice. Probably rocketed in value since the metro extension and further development around there.

    Be interesting to see what happens over the next 5 years or so.
  18. Feb 28, 2018
    #18

    Vidyoyo Self-confessed coffee shop chat-up expert

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    It's a magical, were on our way there. Hang on it's closed.
  19. Feb 28, 2018
    #19

    Ramshock CAF Pilib De Brún Translator

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  20. Feb 28, 2018
    #20

    Oaencha Full Member

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    The GAME stores near me are slowing turning into CEXs with refurbished (and stolen) phones, laptops and consoles. Their game range is okayish but the prices are insane; a good £10-20 more than Amazon.
  21. Feb 28, 2018
    #21

    Classical Mechanic Full Member

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    Ancoats and New Islington are already pretty established as the hipster area of the City, the prices of apartments there have appreciated significantly in the past 5 years. I still think now would be a good time to buy.

    The whole City will look very different in 5 years time there are loads of skyscrapers going up, the development at Trinity Street is out of the ground and the biggest of those towers will be the second tallest building in the UK.
  22. Feb 28, 2018
    #22

    Rado_N Yaaas Broncos!

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    Aye, there's cranes bloody everywhere, it's pretty exciting really. Beetham has been up there by itself for too long, it's about time it got some proper tall company.
  23. Feb 28, 2018
    #23

    Adzzz Astrophysical Genius - Hard for Grinner Staff

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    Ah man that bit of town is depressing, often the route taxis take me up into Northern Quarter from and I have to rapidly forget how shit that little trading bit looks.
  24. Feb 28, 2018
    #24

    Adzzz Astrophysical Genius - Hard for Grinner Staff

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    Spot on, I remember being convinced back in the '08 they'd go the way of woolworths. Maplins isn't a surprise either to me.
  25. Feb 28, 2018
    #25

    Big Andy Is really a midget

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    Maplins? Where the feck will I buy a usb disco ball from now?
  26. Feb 28, 2018
    #26

    Rado_N Yaaas Broncos!

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    Maplins is exactly the same. I can order from Amazon for next (or even same) day delivery without having to move, why would I go there?

    Behind the till in Sports Direct probably, they have all kinds of shit back there.
  27. Feb 28, 2018
    #27

    GiddyUp Full Member

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    My toys r us is a fecking kip but recently I went to another, one county over and it was impeccably stocked with great staff and very well organized. Such poor management for a vital store though. Babies r us made it a lot easier for us also. Shame really but what do you expect when executives are giving themselves multi million dollar bonuses right before the close the doors.
  28. Feb 28, 2018
    #28

    Adzzz Astrophysical Genius - Hard for Grinner Staff

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    And you know it will be magnitudes cheaper, still amazon has other issues but this is the modern world!
  29. Feb 28, 2018
    #29

    sun_tzu The Art of Bore

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    comet, toys R us, Maplin... basically thats a good chunk of an out of town retail park there... pets at home issued profit warnings as well i think - there even used to be a blockbuster on the retail park close to me - but yeah most of them have gone bust over the last few years and the shops empty
    I think retailers have to face up to the fact that the internet has changed the face of shopping
  30. Feb 28, 2018
    #30

    OnlyTwoDaSilvas Gullible

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    I went in to a Maplin a few months ago, as I needed a wireless mouse quickly and they were close by where I work. They didn't have one. They had feck loads of scart cables though, and those remote controls where the buttons are shaped like the numbers

    [​IMG]

    It felt like I had entered a portal back to the late 90s.
  31. Feb 28, 2018
    #31

    Ultimate Grib Full Member

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    I don't think anyone will miss Maplin they were pretty rubbish. Apart from the people working for them of course who will only miss their salaries sadly...
  32. Feb 28, 2018
    #32

    buchansleftleg Full Member

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    Both have been bumping along the bottom for the last couple of years.

    Sadly, like Comet they fell into the hands of shell company capitalists who just prop the company up with an initial loan, asset strip the company, bank all the weekly profit and then hoik their capital investment back out and let the bills rack up.

    I've seen how these type of guys operate and they are shady feckers with access to very intimidating corporate lawyers from "neuw jorsey" so very few people will see any money they are owed.
  33. Feb 28, 2018
    #33

    Garethw scored 25-30 goals a season as a right footed RW

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    It’s worrying. For instance I’d never buy a TV without seeing it in store first.

    Internet shopping is great for buying Blu rays, books and that kind of stuff but there are some things you just need to see in person before purchasing.
    Last edited: Feb 28, 2018
  34. Feb 28, 2018
    #34

    Edgar Allan Pillow Was AFC, likes them hypoallergenic - no feathers Scouse Lover

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    Curious. What is this shell company?
  35. Feb 28, 2018
    #35

    Ultimate Grib Full Member

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    Interesting comment this. You would be missing out on a lot of inbetweener models because generally top of the range and bottom of the range is what they display in store. The very top rarely makes it and sizes differ obviously. The in store demo is not calibrated correctly the settings are just defaulted to something that looks visually appealing in a store, which would be horrible to watch at home.

    I would never buy a TV (all electronics really) without doing extensive research on it first. I am not majorly fussed about looking at it in store, I can see the pictures online, video even, and if I don't like it, well that's the great thing about DSR, send it back!
  36. Feb 28, 2018
    #36

    Fiskey Can't stop thinking about David Nugent's hot naked

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    I bought a transformer I need to exchange, say it ain't so!
  37. Feb 28, 2018
    #37

    Oscie Full Member

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    Food aside I honestly can't remember last time I bought something from a shop. Unless you need something suddenly and urgently that minute who doesn't buy online? It feels such an inconvenience to be restricted by the items in stock of a single shop at a time when you have the choice of hundreds or thousands of options shopping online.

    Take clothes shopping. I can either sit at home and order a pair of trousers that I like from a variety of hundreds from a single online store, selecting the exact size I want that'll come tomorrow or I can go to the shop in the rain, hunt around to see if there's any in there that I like and if there are hope they still have some in my size left.

    Food, fags and furniture aside, retail is dead on its arse.
    Last edited: Feb 28, 2018
  38. Feb 28, 2018
    #38

    Mike Schatner Devil's advocnut

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    We get some food and furniture online.