Ben.A.98
Member
- Joined
- 13 Feb 2013
- Messages
- 231
Elgin is now a Poundland
Loughborough's Big W became an oddly-shaped and rarely busy Tesco superstore, despite a large Tesco Extra barely a mile away (and much more accessible) and an Express half a mile down the road. It was suggested that they moved in to stop Asda (who don't have a presence) and Morrisons (who occupy the cramped and well hidden former Safeway) from getting a look in.
Yeah I never understand why some towns 'need' a second branch of a shop. Hanley (Stoke on Trent) now has 2 branches of Poundland yet neither has ever been all that hectic! I can only presume the original one (in the less popular end of the Potteries shopping centre) is costing them buttons to rent!
Yeah I never understand why some towns 'need' a second branch of a shop. Hanley (Stoke on Trent) now has 2 branches of Poundland yet neither has ever been all that hectic! I can only presume the original one (in the less popular end of the Potteries shopping centre) is costing them buttons to rent!
I can understand if on different sides of the town or whatever, but yes it was always something that puzzled me.Yeah I never understand why some towns 'need' a second branch of a shop. Hanley (Stoke on Trent) now has 2 branches of Poundland yet neither has ever been all that hectic! I can only presume the original one (in the less popular end of the Potteries shopping centre) is costing them buttons to rent!
The one in Petersfield is now a 99p stores
Phirstman:1703728 said:The one in Petersfield is now a 99p stores
In the same area:
Waterlooville store is a Poundland.
Portsmouth's large store is still unoccupied I believe (although haven't been down there for a while) - must be a fortune in rent there.
Yeah I never understand why some towns 'need' a second branch of a shop. . . . .
I think the driving factor in operating multiple branches in this way is not an expectation that revenue will be multiplied by the number of branches, but that it increases market share, potentially to the point of 100% (or in other terms, trying to keep the other chains out of the town).Birmingham . . . .
HMV - 3 branches; one in the Pallasades, one in the Bullring and one on High Street/the Pavillions
Boots - 4 branches; a small one on the station, one on New Street, one in the Bullring and one on High Street
I think the driving factor in operating multiple branches in this way is not an expectation that revenue will be multiplied by the number of branches, but that it increases market share, potentially to the point of 100% (or in other terms, trying to keep the other chains out of the town).
Margins in retailling can be so slender (or non existent) that the only tools left to manage profitability after the likes of 'loyalty schemes', opening hours, re-stocking etc. are agressively increasing market share, oh, and of course, cash flow (i.e. not paying suppliers for as long as possible).
The one in my hometown of Chelmsford, Essex, is now a massive Barclays Bank!
Long Eaton