To lose one household name during a period of supposed economic recovery is unfortunate, but to lose three is careless. With the collapse of Jessops, HMV, and Blockbuster approximately 10,000 people face a very uncertain future. So what’s going on? If you read the BBC’s reporting, it’s all just a case of bad management and outmoded business […]
Posts Tagged ‘Retail’
Miliband man versus Tesco monster
May 5th, 2011 by Michael Meacher.Britain is a sleepy nation until a riot wakes it up. The hated poll tax trundled on until mass riots triggered its demise, taking Thatcher with it. Tax dodging on a colossal scale continued unimpeded until UK Uncut shut down Vodaphone and Top Shop in Oxford Street and made Philip Green’s £2bn tax-free dividend to […]
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So much for Osborne’s Budget for Growth
Apr 8th, 2011 by Michael Meacher.Rarely can a Budget have disintegrated so quickly. Dixons have just announced sales falling by 11% over the last 11 weeks, and are now cutting capital expenditure by 25%. Oddbins goes bankrupt. The former Asda boss has predicted a “long-term trend of trading down”. HMV has just issued its thrid profits warning in 3 months: […]
