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Discuss How many more companies are going tits up at the Economics forum within the The Army Rumour Service website; Originally Posted by walkyrie HMV gets my vote. Its fallen foul of the long-tail principle ...
  1. #41
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    Quote Originally Posted by walkyrie View Post
    HMV gets my vote. Its fallen foul of the long-tail principle (Long Tail - Wikipedia, the free encyclopedia), as will Waterstones and others of that similar genre.

    Comet and Currys will survive a little longer. I'd say the majority of people who contribute to their market are of the generation where they would rather touch/feel/poke. 5-10 years and the generations will move on.

    Debenhams will teeter or even fail. They're pitched at a non existant market.

    Ann Summers is my pick of the day. There's previous for the underwear industry (La Senza) but Ann Summers saving grace is the 'extras' you can buy there. However soon enough everyone will realise that its a lot less embarrassing to purchase butt plugs online.
    Less embarrassing and also cheaper...........so I'm told

  2. #42
    Senior Member smartascarrots's Avatar
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    Quote Originally Posted by walkyrie View Post
    Ann Summers is my pick of the day. There's previous for the underwear industry (La Senza) but Ann Summers saving grace is the 'extras' you can buy there. However soon enough everyone will realise that its a lot less embarrassing to purchase butt plugs online.
    They'll have a guaranteed market amongst masochists, then.
    We need people who look to the stars, holding the nation and the world in their hearts but at the same time we need down-to-earth people who can do serious and trying work.

    In a definite sense, a country's power and prestige isn't only a reflection of its economic power but also a reflection of its people's quality and morality. Moreover, I think the latter is actually more important in the long-term.

    http://www.economist.com/blogs/multi...na_has_changed

  3. #43
    Senior Member walkyrie's Avatar
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    Quote Originally Posted by smartascarrots View Post
    They'll have a guaranteed market amongst masochists, then.
    Touché Sir, Touché.
    I Piss Excellence.

  4. #44
    Senior Member geezer466's Avatar
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    Amazon v the high street

    customer comes in and asks to see, say, an expensive camera. Salesperson then spends 15 minutes patiently explaining the camera's features in great detail, after which one of two things happens: either customer says he can get it for £X online, where X is significantly less than the shop price, and departs; or customer simply departs and orders it online. This has become so annoying that some US photographic stores now charge an "explanation fee" to such unscrupulous customers.
    It is quite simple.

    Rents and local wages are too high for British shops and businesses to compete with the global distribution channels of businesses like Amazon.

    British shops and businesses will have to continue to close until wages and rents drop to the point where local shops and businesses can compete with the internet.

    We have a very, very long way to go but an equilibrium will be found eventually.

  5. #45
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    Quote Originally Posted by geezer466 View Post
    It is quite simple.

    Rents and local wages are too high for British shops and businesses to compete with the global distribution channels of businesses like Amazon.

    British shops and businesses will have to continue to close until wages and rents drop to the point where local shops and businesses can compete with the internet.

    We have a very, very long way to go but an equilibrium will be found eventually.
    The internet still has to solve the 'last mile' problem - how do you make cost effective deliveries at a time acceptable to the customer? This is more difficult than it seems.

    I will (for example) have books and such like delivered to work because they're not too high a value and are not time critical. If you take another product - on-line grocery shopping which does have to be delivered at your home in a narrow time window - the problem becomes more difficult. Companies are looking at solutions like building code-pad controlled delivery boxes into the walls of our homes, but that's not going to happen any time soon.

    In addition, research by major retailers has indicated that we still like the experience of physically shopping. Go into a Gap store - you'll see all the clothing laid out so it can be touched and felt easily. That's a deliberate policy by Gap - and it employs people who do nothing but walk around the shop to tidy up displays after people have rummaged through them. People are tactile - and Gap knows it helps them sell clothes.

    In addition research by companies like Tesco has identified that physical and internet shopping can be complementary. Tesco segment their customers into groups sharing a common characteristic. They've found that people who shop by both 'bricks and mortar' and on-line buy more than people who just do one or the other.

    The internet is not going to replace 'bricks and mortar' - its going to complement it.

    Wordsmith
    cantbearsed2 likes this.

  6. #46
    Senior Member All_I_Want's Avatar
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    Quote Originally Posted by GoodIdeaAtTheTime View Post
    currys - buy it on-line (for some reason seem better than comet - might linger longer)
    dixons - buy it on-line
    PC World - buy it on-line
    All the same company....
    "The fusion (of economic functions) would compel nations to fuse their sovereignty into that of a single European State."

    Jean Omer Marie Gabriel Monnet - April 1952

    "It is a serious discussion, but you posted 5 lines of bleeding heart kumbaya one worlder bollaux."

    Sonoficarus

  7. #47
    Senior Member Joker62's Avatar
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    Quote Originally Posted by All_I_Want View Post
    All the same company....
    Yeah, with different price ranges and offers and policies too when it comes to exchanges and/or refunds.

    Quote Originally Posted by re-stilly View Post
    It seems that this year will see a lot of household names going to the wall. So who will be next?Personally I think Jessops
    I won't be missing that lot one little bit, most unfriendly staff I have ever met. I've just taken recently taken up photgraphy and their salesmanship sucks, can't wait for the closing down sales though. Jacobs, a far smaller company, on the other hand are far better when it comes to customer care, even down to ordering the stuff in for you if it's not in stock and very helpful with techy stuff too.
    In peace there's nothing so becomes a man as modest stillness and humility, but when the blast of war blows in our ear then imitate the action of the tiger. Stiffen up the sinews conjur up the blood"

    Silence may be golden, but duct tape is more effective, and that comes in silver......

    "It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'" -Unknown

  8. #48
    Senior Member beagleboy's Avatar
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    Fuck me! I've just understood Wordsmith's posts. Either he's playing to the audience (me), or someone has grabbed his username and is an imposter, a wordsmith walt.
    BONNACON likes this.
    The above is a temporary digression while I ride one of my hobby horses, a rant by me a soldier, failed lothario and inmate of a proudly independent country, founded by thieves and whores. The gratuitous opinions and comments contained above are more scatological than ideological. Scientific tests conducted by "The Ponds Institute" have determined that I have a very tenuous grasp on reality. You are reading the thoughts one of the biggest wanker currently walking around on four, oops, two legs. I have an ill-informed opinion on pretty much everything. In conclusion there is no truth to the rumour that I am a Philanthropist, Sesquipedalian, World Traveller, and Bon Vivant. Although, I may or may not of been associated with Left and Right Wing authors & lecturers, travellers & bums, wars fought, revolutions started, assassinations plotted, uprisings quelled, governments run, subversion's organised, Communists terrorised, bars emptied, bars filled, Virgins converted, Tigers tamed, Crocodiles castrated, and students tortured.

  9. #49
    Senior Member BONNACON's Avatar
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    High street as we know it has had it's day. Bloated faceless chains are to unwieldly, rents are to high staff undertrained/ undermoativated. This may be a chance for the little guy to get back in the game. Small towns seem to be doing ok compared to major cities in the retail sector one of the reasons being the ubershops never moved in. As for who's going soon. BHS. Stores now look grubby. 1st sign of sinking.
    Haven't had an accident in years. See a lot in my rear view mirror though.

    It's very unlucky to be superstitious.

  10. #50
    Senior Member beagleboy's Avatar
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    This same conversation is happening in oz with some very vocal business leaders 'crying' over their lost profits and demanding the Federal Government tax all goods purchased oversea's by online shopping.

    One train of thought which I watched on the tele is that the original 'village' shops is having a renaissance, ie the local cafe, butcher, baker, candlestick maker, all coming back, don't know if their coming complete with the village idiot though. As opposed ot the huge shopping mall/complexes which although not dead are definitely having 'closing down sales' within their walls.
    fozzy likes this.
    The above is a temporary digression while I ride one of my hobby horses, a rant by me a soldier, failed lothario and inmate of a proudly independent country, founded by thieves and whores. The gratuitous opinions and comments contained above are more scatological than ideological. Scientific tests conducted by "The Ponds Institute" have determined that I have a very tenuous grasp on reality. You are reading the thoughts one of the biggest wanker currently walking around on four, oops, two legs. I have an ill-informed opinion on pretty much everything. In conclusion there is no truth to the rumour that I am a Philanthropist, Sesquipedalian, World Traveller, and Bon Vivant. Although, I may or may not of been associated with Left and Right Wing authors & lecturers, travellers & bums, wars fought, revolutions started, assassinations plotted, uprisings quelled, governments run, subversion's organised, Communists terrorised, bars emptied, bars filled, Virgins converted, Tigers tamed, Crocodiles castrated, and students tortured.

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