Credit crunch has officially affected me!

[Mexel]

The pub I work in is closing as of next week therefore I am now just another unemployment statistic.

Was it a brewery? I was with Spirit group untill last month and it had not affected them at all, now im with Whitbread and they say there still doing fine aswell!

[Pyroka]

M&S is keeping 25 food stores open, and 2 smaller stores open nationwide I THINK. Its just what I heard from my mate who lost his job at M&S, his store got shut down.

Next, New Look &... Debenhams I think, are the only companies whose statistics for Like-for-Like profit have increased (in comparison with last years christmas shopping). *dances*

[today]

M&S is keeping 25 food stores open, and 2 smaller stores open nationwide I THINK. Its just what I heard from my mate who lost his job at M&S, his store got shut down.

Next, New Look &... Debenhams I think, are the only companies whose statistics for Like-for-Like profit have increased (in comparison with last years christmas shopping). *dances*

Next are actually not doing as well as everyone thinks.

Head Office have laid orders to all stores to make staff do bare min hours required no extra as they simply cant afford it.

[Pyroka]

Next are actually not doing as well as everyone thinks.

Head Office have laid orders to all stores to make staff do bare min hours required no extra as they simply cant afford it.

Yeah you're right actually, I just googled Next Like for like profits and they're down 7%... I swear my Store manager told me Next were up LOL. Oh dear. Primark are up because it's Primark yaknow, uhm.. yes.

http://www.guardian.co.uk/business/2009/jan/06/new-look

*Dance* LOL I'm such a bragger. It sounds more like Debenhams and Next took a hammering than anything... I musn't have heard him right. :< Primark are up 4% in like-for-like sales. River Island haven't published any Matty, whassup widdat?!

[today]

Yeah you're right actually, I just googled Next Like for like profits and they're down 7%... I swear my Store manager told me Next were up LOL. Oh dear. Primark are up because it's Primark yaknow, uhm.. yes.

http://www.guardian.co.uk/business/2009/jan/06/new-look

*Dance* LOL I'm such a bragger. It sounds more like Debenhams and Next took a hammering than anything... I musn't have heard him right. :< Primark are up 4% in like-for-like sales. River Island haven't published any Matty, whassup widdat?!

I work for Next, or i did. From saturday i dont.
Yup, they had to let me and seven other staff go simply due to not being given the funding to employ staff, thanks headoffice!

So Next are making dramatic cutbacks quickly too.

[Pyroka]

I work for Next, or i did. From saturday i dont.
Yup, they had to let me and seven other staff go simply due to not being given the funding to employ staff, thanks headoffice!

So Next are making dramatic cutbacks quickly too.

I think Matalan are next to go.

http://www.independent.co.uk/news/bu...-9-495056.html

That article is from 2005, so you can imagine the state they might be in now. ¬_¬ USC are closing down pretty soon, and so are Zavvi by the looks of things. I think Cult...

http://www.retail-week.com/Property/...uk_growth.html

is one big shocker if you ask me. Next year they won't be rolling in it, oh mark my words.

Btw Matty, thats bad budgeting by Head office. They don't need to cut back on staff, all they need to do is shrink the hours of others. Where I work, I'm one of 5 people who works all day Saturday and all day Sunday, everyone else gets 4 hours. I'm expecting my hours to be cut soon, even though we still have money left in the kitty that we're spending on our staff room LOL.

[today]

Give it a year or two, and hardly any retail stores will be left.

[Pyroka]

I edited my post, and yeah you're right there I think most companies will go to the wall or migrate to the internet. The UK large shopping centres will be the only places to shop, and small malls will become housing estates. Thats how I see it.

[today]

I think Matalan are next to go.

http://www.independent.co.uk/news/bu...-9-495056.html

That article is from 2005, so you can imagine the state they might be in now. ¬_¬ USC are closing down pretty soon, and so are Zavvi by the looks of things. I think Cult...

http://www.retail-week.com/Property/...uk_growth.html

is one big shocker if you ask me. Next year they won't be rolling in it, oh mark my words.

Btw Matty, thats bad budgeting by Head office. They don't need to cut back on staff, all they need to do is shrink the hours of others. Where I work, I'm one of 5 people who works all day Saturday and all day Sunday, everyone else gets 4 hours. I'm expecting my hours to be cut soon, even though we still have money left in the kitty that we're spending on our staff room LOL.

Our hours got cut to 4 hour shifts manly, however it made no difference really.
We was meant to have 3 staff on Womens Wear, 3 On Childrens and two on mens, it is now mainly 2 on ladies, one or two if your lucky on childrens and one on mens.

Made no difference, simply bad headoffice planning really. But hey, what can we do about it.

I edited my post, and yeah you're right there I think most companies will go to the wall or migrate to the internet. The UK large shopping centres will be the only places to shop, and small malls will become housing estates. Thats how I see it.

Yeah, i see the internet being the focus for shopping soon.

[Pyroka]

Our hours got cut to 4 hour shifts manly, however it made no difference really.
We was meant to have 3 staff on Womens Wear, 3 On Childrens and two on mens, it is now mainly 2 on ladies, one or two if your lucky on childrens and one on mens.

Made no difference, simply bad headoffice planning really. But hey, what can we do about it.

Yeah, i see the internet being the focus for shopping soon.

We have 2 massive Next's in Exeter, they could shut down one of them and I don't think they'd notice as one of them is central, and one of them is way out of the way, where all the small businesses are. How big is your store, because that is not alot of staff in one store...

Head Offices suck don't they? Hehe, they'll probably reading us talking now