Do you think that the business is closing simply because he is unable to find suitable staff to replace those that are retiring?
Your opening post in this thread sounded very sure of itself, now it seems it is based supposition like the rest of us.
I'm not ducking the question at all. I have answered it. I think the shop is closing because the owner is retiring. It happens all the time. No-one to pass the business to, capital tied up in a building you own etc etc. Didn't Vinyl Revival close for the same reason? The OP chose to dwell on the negative aspects & conotations of a shop closing when the actual reason is old age of most of the staff.
Ian Bennett who is Managing Director said that the current economic situation coupled with difficult trading conditions for Newbury in particular, had been contributory factors, but the final decision had been taken based on the forthcoming retirement of key members of staff
A shop which has been trading for 65 years will have seen difficult economic situations before.
I'm not ducking the question at all. I have answered it. I think the shop is closing because the owner is retiring. It happens all the time. No-one to pass the business to, capital tied up in a building you own etc etc. Didn't Vinyl Revival close for the same reason? The OP chose to dwell on the negative aspects & conotations of a shop closing when the actual reason is old age of most of the staff.
Ian Bennett who is Managing Director said that the current economic situation coupled with difficult trading conditions for Newbury in particular, had been contributory factors, but the final decision had been taken based on the forthcoming retirement of key members of staff
A shop which has been trading for 65 years will have seen difficult economic situations before.
The business isn't closing though. Just the shop. Presumably the directors took the view that as the shop wasn't profitable, they may as well close it.
I'm not ducking the question at all. I have answered it. I think the shop is closing because the owner is retiring. It happens all the time. No-one to pass the business to, capital tied up in a building you own etc etc.
Exactly; business wasn't good enough to continue. When you stop trading you logically have two options: sell the business as a going concern, or flog everything off. Which ever is the more lucrative wins. I suggest, therefore, that there was more money in selling off than selling on.
Quoted from 78
The OP chose to dwell on the negative aspects & conotations of a shop closing when the actual reason is old age of most of the staff.
And you refused to acknowledge other contributing factors.
Quoted from 78
Ian Bennett who is Managing Director said that the current economic situation coupled with difficult trading conditions for Newbury in particular, had been contributory factors, but the final decision had been taken based on the forthcoming retirement of key members of staff
A shop which has been trading for 65 years will have seen difficult economic situations before.
And I would imagine in 65 years this isn't the first time they have let staff go, or have had any retire.
Where in the original post does the owner say that this is the case? He doesn't. You added it because, for some reason, it seems that you would prefer that to be why the shop is closing.
When you stop trading you logically have two options: sell the business as a going concern, or flog everything off. Which ever is the more lucrative wins.
Hardly. It all depends on what the owner wants to do. It may be more lucrative to sell the business, but if the owner doesn't want to do that - for whatever reason - then he won't do.
If you want to believe that the store is closing because of parking, the green meanies, Parkway or anything else that lays blame with WBC then do so. But just know that, from the article at least, that's not what the owner has said.
I have little doubt that the main reason places like the Lighting Centre struggle is due to a change in people's shopping habits (Internet access/retail parks), and little to do with the area, although I suspect one thing that works against the shops would be the lack of availability of parking in the streets off of Bartholomew Street, but the residents have to park somewhere.
Hardly. It all depends on what the owner wants to do. It may be more lucrative to sell the business, but if the owner doesn't want to do that - for whatever reason - then he won't do.
Of course not, but you or I are not in a position to know, are we? According to Lovejoy, however; retirement is the 'sole' reason, I suggest that it might not be. That's all.
If you want to believe that the store is closing because of parking, the green meanies, Parkway or anything else that lays blame with WBC then do so. But just know that, from the article at least, that's not what the owner has said.
I'll refer you to my quote above, but you are wrong if you think that the article doesn't hint at what has happened in recent past has had an effect.
I'll leave the last word to what the MD was quoted to have said: "...the current economic situation coupled with difficult trading conditions for Newbury in particular, had been contributory factors, but the final decision had been taken based on the forthcoming retirement of key members of staff."
...you or I are not in a position to know, are we?
Yes we are. The MD made it as clear as can be. The current economic climate, and difficult trading conditions in town contributed to his decision, but the deciding factor was the members of his staff retiring. That's what he is quoted as saying! How can anyone not be in a postion to know from that?
Yes we are. The MD made it as clear as can be. The current economic climate, and difficult trading conditions in town contributed to his decision, but the deciding factor was the members of his staff retiring. That's what he is quoted as saying! How can anyone not be in a postion to know from that?
But stating that he closed the business due to key staff retiring doesn't explain why he didn't sell the business on. He stated, 'difficult trading conditions contributed to the decision'. I infer that had the economic climate and trading conditions been favourable, he might have been in a position to keep it going or sell. As it was, it is worth more closed than sold.
The OP chose to dwell on the negative aspects & conotations of a shop closing when the actual reason is old age of most of the staff.
Negative publicity on this site is no doubt a contributing factor to the Lighting Centre closing too. Perhaps only a minor one, but one none the less.
I know for a fact that some people read the exaggerated reports and emphasis on talking Newbury down as somewhere to shop and are dissuaded from visiting the town.
Negative publicity on this site is no doubt a contributing factor to the Lighting Centre closing too. Perhaps only a minor one, but one none the less.
I know for a fact that some people read the exaggerated reports and emphasis on talking Newbury down as somewhere to shop and are dissuaded from visiting the town.
I know some people who don't like to go to Newbury now because of how it has changed.
This business was established for over 60 years but seems to sell quite modern stuff.... Now there's an idea.... I wonder if they have a parking problem in St James Street Liverpool?
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