Thread: Bankrupt Britain: another High street giant bites the dust

Why are you being so ultra-critical.

Countries where the Government have dominated every area of the socio-political fabric have always been able to wield far greater influence over the economy..

In a democratic, globalised world, this is now significantly harder.

Originally Posted by Neo

DVD rental chain Blockbuster has gone into administration, becoming the third UK high street retailer to collapse in 2013.

Following hard on the heels of photographic retailer Jessops and entertainment chain HMV, Blockbuster called in administrators Deloitte on 16 January. The chain has 528 stores and 4,190 staff.

The administrators said Blockbuster had faced increased competition from internet-based providers, with a consumer shift toward streaming films and games.

Lee Manning of Deloitte's Restructuring Services practice said: "We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.

"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern."

Blockbuster will honour all gift cards and trade-in credit while it is under administration.
Along with HMV earlier this week, the chain joins the likes of high street entertainment retailers

Game and Zavvi in failing to compete with online stores. Some aspects of Blockbuster might continue to survive beyond this collapse. Game, which went into administration in March 2012, was subsequently kept afloat by its new buyers, while Zavvi (formerly Virgin Megastores) was liquidated in 2009, losing its high street presence but relaunching as an online-only store.

Blockbuster enters administration, stores to remain open in the interim (Wired UK)

Why are you posting this? What does it prove? Badly run and managed business' cease to function on a daily basis, always have and always will. So.....?

Originally Posted by draco888

Why are you posting this? What does it prove?

I know you're dumb, but do I really need to explain that to you?

Originally Posted by piwanoi

Originally Posted by Necron99

Ok! You win, you are right,there will be mass job losses to technology.
There.
What's your solution? Tell us.

Necron whatever give you the crazy idea I had a solution? , I ain't a clue ,all I am pointing out is the verifiable truth which for some odd reason many of you are unable to grasp ,and if you and others are of the are of the opinion that I am somehow ecstatic that what I envisage for the future backed up by sound data of more and more job losses is some how wonderful ,then the lot of you have to be insane

Hi Piwanoi. only just come back on. No need to look at your sites when you made an effort to shine some light on robots making humans unemployed. I know it is true,have seen it in my lifetime. Now you wrote in frustration"many of you" not I. Piwanoi Do not cast your pearls before swine.

Originally Posted by Albert Shagnastier

Stuff becomes defunct.

Music is free now - just look at TuneIn Radio.

Used to have shops that stuck horses on shoes, haven't seen one of them for a while.

"Stuck shoes on horses." Blacksmiths shops. Farriers work still exists,and because they are few and far between they cost a tidy sum to fit 4 shoes on a pony or horse. Here in the U.K it is illegal to shoe your own horse.Nanny state. Only a man (work is too hard for a woman) with a certificate can shoe a horse. The reason the blacksmith shops are closed is because now they are mobile,they have vans with the hearth and tools in the back.One farrier lives in France and travels to work in Kent U.K by train. Well paying modern day proffeson if your back can take it.

Originally Posted by The_Ghost_Of_The_Moog

^Indeed. HMV had a pretty good run. 90 years of selling us music on vinyl, then selling us the same music on cassette, then the same tunes again on CD.

EMI also had a good run. Big fat ego music managers behind desks ruled the music industry,these bloated crunts dictated what we could listen to,and made new bands and acts sign contracts that robbed them of any real money their musical talent made.EMI and other music executives shafted Joe public and artists. What about copy right. If a radio station in the town of Poffadder in Burma played an EMI song,royalties had to be paid to EMI.British coffers became fat with music revenue from all over the world. Down loads have taken away the power these once mighty EMI Davidians.

Originally Posted by Neo

Originally Posted by draco888

Why are you posting this? What does it prove?

I know you're dumb, but do I really need to explain that to you?

It shows a failed business, so what? No need to explain, you have a urge to post the banal and obvious.....

thanks for that, any more pearls of wisdom be sure to keep them to yourself.

Originally Posted by wasabi

Originally Posted by piwanoi

Originally Posted by Necron99

Ok! You win, you are right,there will be mass job losses to technology.
There.
What's your solution? Tell us.

Necron whatever give you the crazy idea I had a solution? , I ain't a clue ,all I am pointing out is the verifiable truth which for some odd reason many of you are unable to grasp ,and if you and others are of the are of the opinion that I am somehow ecstatic that what I envisage for the future backed up by sound data of more and more job losses is some how wonderful ,then the lot of you have to be insane

Hi Piwanoi. only just come back on. No need to look at your sites when you made an effort to shine some light on robots making humans unemployed. I know it is true,have seen it in my lifetime. Now you wrote in frustration"many of you" not I. Piwanoi Do not cast your pearls before swine.

I also heard a rumour that tractors were making horses unemployed, can this really be true?

Originally Posted by wasabi

Originally Posted by Albert Shagnastier

Stuff becomes defunct.

Music is free now - just look at TuneIn Radio.

Used to have shops that stuck horses on shoes, haven't seen one of them for a while.

The reason the blacksmith shops are closed is because now they are mobile,they have vans with the hearth and tools in the back.

And here's me thinking it was because those heartless capitalist farmers had put the horses out of work with their massey turdbottoms.

The Bank Of England need to put the interest rates up,
then the money would be more expensive and only go where it's really needed-
rather that letting silly shops and many other business like HMV carry on and on
for years .

The horse population of Britain is larger than ever before the combustion engine was developed. Horses are kept as pets by thousands of females. Leisure horses are abundant. Working horses are race horses,polo ponies,police horses,fox hunters. When horses have finished their working lives,they are transported to France,converted into meat products that are exported back to the U.K in Hamburgers.

more empty retail units are needed to satisfy the demand for more bookmakers and kebab shops

Originally Posted by blue

The Bank Of England need to put the interest rates up,
then the money would be more expensive and only go where it's really needed-
rather that letting silly shops and many other business like HMV carry on and on
for years .

The Bank of England will not put interest rates up. The cunning plan at the moment is to force savers in cash,like pensioners to move their money out of B/S and banks,and into stock exchange(into industry)
Under Margaret Thatcher savers where rewarded with 10% interest rates.They could live off the interest(Thailand) not any more.

Originally Posted by draco888

Originally Posted by Neo

Originally Posted by draco888

Why are you posting this? What does it prove?

I know you're dumb, but do I really need to explain that to you?

It shows a failed business, so what? No need to explain, you have a urge to post the banal and obvious.....

thanks for that, any more pearls of wisdom be sure to keep them to yourself.

You're American aren't you..?

Blockbuster went out of business in Hong Kong in 2001. (I recall i'd just bought a package of 100 vouchers!)

My only surprise is that it endured in the UK for so long. I guess Britons spend more time watching the telly than Hong Kongers.

Originally Posted by Neo

Originally Posted by draco888

Originally Posted by Neo

Originally Posted by draco888

Why are you posting this? What does it prove?

I know you're dumb, but do I really need to explain that to you?

It shows a failed business, so what? No need to explain, you have a urge to post the banal and obvious.....

thanks for that, any more pearls of wisdom be sure to keep them to yourself.

You're American aren't you..?

Incorrect, but I guess you should be used to that by now right?

Originally Posted by piwanoi

I hardly think that the horses would mind being excused from the hard work they had to do of yesteryear

Not if they are being put into beefburgers instead.

http://www.dailymail.co.uk/news/arti...eat-fears.html

[quote=piwanoi;2331527]

Originally Posted by wasabi

Originally Posted by piwanoi

Originally Posted by Necron99

Ok! You win, you are right,there will be mass job losses to technology.
There.
What's your solution? Tell us.

Necron whatever give you the crazy idea I had a solution? , I ain't a ore and more job losses is some how wonderful ,then the lot of you have to be insane

Hi Piwanoi. only just come back on.rote in frustration"many of you" not I. Piwanoi Do not cais link in many ways the days of the tractor drivers could well be numbered in many cases, especially in the huge open spaces of America's mid west grain belt OFC13: Driverless tractors and robots to be the future of farming | News | Farmers Guardian Robotics are here to stay and regardless of what any one thinks or says its only going to compound the problem of unemployment in the West even more ,in closing I am acutely aware that you and I are along with one or two others are on common ground I read in this link they now have a robotic strawberry picker too, so the days of the strawberry pickers could well me numbered too, Mans endless ingenuity means only one thing in the end ,less jobs that can be done by Robotics or computers its that simple .

Let Peter Schiff explain something to you. This is why we have no jobs you fool.

Originally Posted by piwanoi

Socal If you had listened to "your hero " in 2002 to midway 2007 and followed his advice you would have "done your bollocks in" big time! and been wearing a financial "Rupture truss" no one is infallible it appears that you think he is ! Being Wrong for Five Years Makes Peter Schiff Right Now? - Seeking Alpha sure the guy is a great orator, but then again so was Hitler!

That was written in November 19, 2008. The bottom of the stock market in 2008. He didn't recommend selling then, he recommended buying again and he was right. The market went up in 2009.

Only a moron could actually conceive to write this article as if relevant. Criticizing him for being right but early is not relevant. This man was right when 99.9% of the population was wrong.

Schiff-


www.europac.net/schiff...


Also, if you have time watch a 2006 presentation I gave to a convention of mortgage bankers and tell me how wrong I was!

uk.youtube.com/results...


One last point. I first made my NASDAQ 500 prediction when it hit it's high of 5,000 in 2000. Pretty close wouldn't you say. I wonder what Todd Sullivan was saying about the NASDAQ back then? I sure know what most people were saying in 2000 when I predicted a 90% crash in the NASDAQ. I guess I was wrong as it only fell 80% -- but as i wrote, at the rate it is now falling it might hit 500 yet. Of course, adjusted for inflation, its practically there already.

Originally Posted by socal

Originally Posted by piwanoi

Socal If you had listened to "your hero " in 2002 to midway 2007 and followed his advice you would have "done your bollocks in" big time! and been wearing a financial "Rupture truss" no one is infallible it appears that you think he is ! Being Wrong for Five Years Makes Peter Schiff Right Now? - Seeking Alpha sure the guy is a great orator, but then again so was Hitler!

That was written in November 19, 2008. The bottom of the stock market in 2008. He didn't recommend selling then, he recommended buying again and he was right. The market went up in 2009.

Only a moron could actually conceive to write this article as if relevant. Criticizing him for being right but early is not relevant. This man was right when 99.9% of the population was wrong.

Schiff-


www.europac.net/schiff...


Also, if you have time watch a 2006 presentation I gave to a convention of mortgage bankers and tell me how wrong I was!

uk.youtube.com/results...


One last point. I first made my NASDAQ 500 prediction when it hit it's high of 5,000 in 2000. Pretty close wouldn't you say. I wonder what Todd Sullivan was saying about the NASDAQ back then? I sure know what most people were saying in 2000 when I predicted a 90% crash in the NASDAQ. I guess I was wrong as it only fell 80% -- but as i wrote, at the rate it is now falling it might hit 500 yet. Of course, adjusted for inflation, its practically there already.

It does not matter a flying fuck when it was written the guy was consistently wrong in his predictions for almost 5 years according the the link ,or is that foolish too? and I'm waiting for you to remark on my post#12 !, and exactly what I said.