Originally Posted by actuallyclass

It does look like hard times lie ahead. I read an interesting article the other day about experts predicting Great Britain to be a third world country by 2012. Is slightly worrying, would be hard to see it happening but at this rate anything is possible.

Who are these experts you speak of?

I don't think you need to worry about the economy leading to us to becoming a third world country, but the smaller European countries might not be sitting too comfortably just now.

Empire Direct were on the cards to go for a while. You only had to look at DSG International and how they were struggling to see that others in the marketplace would have been experiencing the same.

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You never know, I hope we enter a great depression, oil runs out, gas just dissapears, and we have to resort to living in caves. If you dont know, now you know

Originally Posted by Anthony

Who are these experts you speak of?

Graduates of the Gordon Brown school of economics

Originally Posted by Costaconsoles

Graduates of the Gordon Brown school of economics

When will the carnage cease??

http://www.ft.com/cms/s/0/8da0c18a-e...0779fd2ac.html

Symingtons jewellers too now - dont know how big they were?

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They should be smarter and close those shops months ago and focus all efforts online.

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It's not easy to close shops, in fact it's harder. You still have the associated costs with retail and not just as simple as shutting up.

If you are still paying rent, rates, electricity, insurance etc, you are better to have people coming through the door contributing (in way of sales). Sure you will cut costs by probably 50% but that still would not be enough. If things were so dire, they should have tried off load the shops, which no doubt they would have tried months ago. I can imagine the business hit a brick wall. Small margins and less sells = good night.

To shut a chain of shops takes considerable time and short term greater expense.

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Last edited by greedyboy; 20-01-2009 at 11:15 AM.

Edit: Thread merged!

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Last edited by iBuy; 20-01-2009 at 11:23 AM.

and if no one bails them out what happens then?

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