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Debenhams gone into administration

So, it looks like Debenhams is the latest shop to go into administration.

https://www.mirror.co.uk/money/50-debenhams-stores-closing-uk-14275353

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Oof,
Reply 2
Avatar for JinChang
JinChang
6
Another victim of socialism.
No real loss, they provided very little to the high street.
It is a shame that another high street brand has collapsed. They do some nice lingerie and swimsuits but a bit on pricey side. It was a shame when BHS closed as I really liked their swimsuits, I brought most of my swimsuits from there. Now I get them from M&S mainly. Wonder how many more high street companies are going to go. If only they had moved with the times sooner then this wouldn't have happened.
Good riddance.
The high street is better off without them.
Mike Ashley's temper tantrums and playground whining make for a very amusing aftermath chapter.

I dreaded having to enter Debenhams every time a client needed their order purchased or collected.
Terrible customer service, exorbitant prices and a miserable atmosphere that perpetually gloomy managers did nothing to improve.
I received and witnessed frequent insults from bad mannered female customers old enough to know better; lashing out because they were irate that their garment didn't fit them or their size was not in stock.
I got one of my favourite toy from there, and my first ever watch.
Omg what does that mean?
Original post by EyestriX
Omg what does that mean?

It means nothing as Debenhams is now owned by its debtors, continues to trade and has a programme of restructuring (and some closures) that it hopes will protect all but about twenty of its 165 branches.
john lewis and M+S next?

it seems both are being propped up by their food/supermarket sides at the moment.
Original post by fallen_acorns
john lewis and M+S next?

it seems both are being propped up by their food/supermarket sides at the moment.


All I know from people working on the inside is that John Lewis basically started internal austerity from 2009 onwards ie: managed decline.

Next recession will be retail armageddon.
Basically anything that isn't ASOS is next...
Original post by JinChang
All I know from people working on the inside is that John Lewis basically started internal austerity from 2009 onwards ie: managed decline.

Next recession will be retail armageddon.


I imagine in the end they will just be waitrose supermarkets + a handfull of shops in iconic/rich places that can still sustain them.
Original post by hello_shawn
Basically anything that isn't ASOS is next...


ASOS aren't exactly looking a safe bet right now either:
https://www.bbc.co.uk/news/business-47877688

I know there are reasons why it's not quite as bad as it looks, but an 87% fall in profits is not a sign of a healthy business IMO.

There's more competition online now, and I feel like some consumers are moving away from fast/disposable fashion.
Original post by SarcAndSpark
ASOS aren't exactly looking a safe bet right now either:
https://www.bbc.co.uk/news/business-47877688

I know there are reasons why it's not quite as bad as it looks, but an 87% fall in profits is not a sign of a healthy business IMO.

There's more competition online now, and I feel like some consumers are moving away from fast/disposable fashion.

I used to shop at ASOS, but I find changing clothes when they didn't fit via post a pain in the bum even though the process is simple. Now I prefer a right first time approach by only going into shops. ASOS was the biggest craze when I was at college years ago.
(edited 5 years ago)
Original post by Themysticalegg
I used to shop at ASOS, but I find changing clothes when they didn't fit via post a pain in the bum even though the process is simple. Now I prefer a right first time approach by only going into shops. ASOS was the biggest craze when I was at college years ago.


I agree that ASOS felt a bit like a craze for a while. I do use them sometimes, but at least 50% of the time the clothes aren't quite what I expected in person or don't fit as well as I hoped or are rubbish quality. I have a few good things from ASOS, but most of my clothes that I really love I tried on and bought in person.
Original post by SarcAndSpark
I agree that ASOS felt a bit like a craze for a while. I do use them sometimes, but at least 50% of the time the clothes aren't quite what I expected in person or don't fit as well as I hoped or are rubbish quality. I have a few good things from ASOS, but most of my clothes that I really love I tried on and bought in person.

I don't even find ASOS that cheap in cost anymore, (I swear they are more expensive than they used to be) and yeah a lot of their clothes are really tacky. I have one coat and one watch from ASOS everything else was really average in hindsight. I'd rather try clothes for hours in shops that online shopping as you said they fit so much better. I love my peacoats and shirts that I tried for 3 hours in store :biggrin:
Original post by Themysticalegg
I don't even find ASOS that cheap in cost anymore, (I swear they are more expensive than they used to be) and yeah a lot of their clothes are really tacky. I have one coat and one watch from ASOS everything else was really average in hindsight. I'd rather try clothes for hours in shops that online shopping as you said they fit so much better. I love my peacoats and shirts that I tried for 3 hours in store :biggrin:


A lot of high street stores seem to be having almost permanent sales now, which I think makes online retailers look less cheap.

At the moment it feels like every time I go shopping there's some kind of reduction/sale on! Even say 5 years ago, it was a lot rarer and you mostly only got good bargains in end of season sales or the occasional promo event!
Went into the one on Princes Street last week. Just to buy a tie. Just a simple tie.

The guy wouldn't stop pushing the credit card despite the fact I paid with a credit card and told him I already have one.... Moneygrabbing scum.
Original post by Blue_Cow
Went into the one on Princes Street last week. Just to buy a tie. Just a simple tie.

The guy wouldn't stop pushing the credit card despite the fact I paid with a credit card and told him I already have one.... Moneygrabbing scum.


Yeah I feel bad for them also though. I remember at WHSmith at an airport I HAD to scan 80% of boarding passes and many people reacted angriliy. (Not actually sure what would happen to me if i didn't achieve that I was too young, innocent and naive at 16.)

Now I always just let them scan my boarding pass because I feel bad for them even though I know it's just free market research that they would otherwise of had to pay for, hence why they were so pushy about the 80% target. I guess it's a similar situation with the cards at Debenhams.
(edited 5 years ago)

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