reply to post by sparky31
And just how is the Government to blame for poorly run companies failing to understand changes in the way we shop? You seem to be suggesting that
Government policy is directly responsible for the failure of these companies and I would beg to differ.
I would concede that the current economic situation makes it hard for all businesses, but look at the businesses that continue in operate. The major
reasons these businesses failed is poor management, not the current economic situation. Both these businesses and Blockbuster/HMV have failed to
adjust their businesses models to the way we like to shop.
Jessops failed to capitalise on the internet. Too many people when into their stores, saw and felt the product, then when home, checking online for
the best price. If it was better than Jessops, they ordered it.
One of Comet’s failures was understanding its supply chain and its capability to purchase at the best price. Too many times I when into a Comet
store, the stock was limited and frequently more expensive than its retail and online competitors.
Blockbuster and HMV had some great locations but again their management failed to understand changes in the way we obtain music, film and games. More
and more people do not want, or have time to visit a store to rent a movie, a game or music. They want it online, when they want.
It’s easy to blame the current Government for the challenges in the UK economy, and I accept there are things they could have done, but consider
what the last Labour Government left them
Increasing public debt, greater Government borrowing, raising unemployment, foreign wars and a contracting economy, and the absolute killer, giving
our money to bail out banks who had greedy and poor management, coupled with politicians who were too stupid to see what was happening, and when they
did understand, made the wrong decisions.
Put the blame where it belongs. Tony Blair and Gordon Brown