I couldn’t help but notice that Mothercare is in the news again with the BBC headline Mothercare reports loss after weak UK sales This time the business has posted a half-year loss of £81.4m, a like-for-like sales drop of 7%, and are launching a review of their UK business. Back in January of this year.. read more →
On January 6th, in my post about HMV, I commented that the issue for SMEs will be what happens if or when the insurers pull cover: When a big retailer sneezes it is the suppliers that catch the flu. The debt insurers will pull their cover. The banks will then pull any financing, discounting or.. read more →
As a postscript to my blog entry this morning, I thought I’d mention that just under three years ago there was a blog post about HMV on the Interactive Investor site : Is HMV in the ‘buggy whip’ business? A few quotes: I bought HMV thinking it would go on growing but the question now.. read more →
Another interesting article in the Telegraph has caught my eye: HMV profit warning: can it survive? Now, I am going to have to confess some pro-HMV bias here. I’ve been involved with them on a number of occasions over the last twenty-five years, I’ve had a beer or two with Mr Fox, and I even.. read more →