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12/03/2008 08:51:43 AM · #1 |
| My favorite camera shop in the UK has succumbed to the credit crunch www.ajpurdy.co.uk has ceased trading, such a shame.... |
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12/03/2008 10:01:30 AM · #2 |
I'm wondering how christmas will shake out. Most if not all retailers, especially the big ones, get all their xmas inventory on credit - that was done in the spring so it was before the crunch.
If christmas doesn't go well (low sales or lots of discounting so no profits) there may be a really bad retail hangover in early '09. Even now Circuit City is on it's deathbed and relatively robust BestBuy looks rather empty the last few times I was in there.
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12/03/2008 11:11:28 AM · #3 |
I know its not nice, but i did get an excellent deal from them last week, they were offering 25% off, unfortunatley it was an attempt to build its cash flow...
There will be more bad news in 2009 and the UK & US will go into depression
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12/03/2008 11:42:22 AM · #4 |
How sad is that! and even sadder that I never heard of them :(
But in terms of Xmas shopping at least here in Manchester you cannot walk at all when you are brave enough to go to Market St.! I cannot see the credit crunch really. Not in the street.
ETA: have to say most retailers are offering discounts so it may be that.
Message edited by author 2008-12-03 11:44:06. |
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12/03/2008 12:20:05 PM · #5 |
Originally posted by jarjar:
My favorite camera shop in the UK has succumbed to the credit crunch //www.ajpurdy.co.uk has ceased trading, such a shame.... |
Sad indeed - they were one of my benchmarks for reasonable pricing. |
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