Overpriced shop with undertrained staff on bring of collapsing. What a shock
EnPassanTuah on
I walk past one on the way to work, never seen anybody in there.
Went in with a colleague on Lunch break once, it was just pure tat. Everything in there was tat.
No idea how the business manages to employ over 2,000 people.
zeusoid on
What’s the cumulative number of companies that have now been on the brink in the Past year?
It seems and sounds like not a week has gone by without a 500+ employer being on the brink
strawbebbymilkshake on
I saw some shops in the US hadn’t had stock delivered in weeks and even had a store closed due to unpaid rent. So this isn’t surprising, but a huge stress for staff who are now stuck looking for jobs an in awful market. I hope they at least get enough notice to start applying elsewhere
SomniaStellae on
For anyone interested, they actually have quite a healthy gross margin (around 66%), but their distribution costs are actually insane, at £68m. For context, they have £91m gross profit. Which means over half of every £1 they earn in sales (after cost of the product they sell) is going on distribution. Madness.
Oh well. Everything’s crumbling. Unemployment rising. Taxes rising. Immigration rising. Certain crimes rising. Civil unrest rising. The populace waiting each other in increasingly fractional ways, increasing. Services crumbling. Prices rising. Nothings gets built nothing gets better. Oh but we’re being limited to what we can access online without handing over MORE private data. Ai is being used to track social media by hmrc and we’re getting facial recognition vans. Love it.
Wise_Commission_4817 on
But who can we blame this time, youths? Disabled people? Please let us know so we can keep pretending it isn’t corporate greed
GanacheImportant8186 on
Low cost retailers can’t survive the hike in minimum wage, the hike in employers taxes and the ‘net zero’s related mega high British energy costs. Impossible.
Government has claimed another one. Well done Reeves and Milliband.
parallax3900 on
Gutted for the employees, but these terribly run retail businesses have been taking the piss out of the high for years. Good riddance and let the market sort out a worthy replacement.
leylaley76 on
Cheaper to buy from shein. Claire’s stuff is completely overpriced
_zen_aku on
Well I went in looking for metal headbands. It was 2 for 8 quid. I looked online and found the exact two that came in a set of 8 for less than a quarter of the price
CookieMagneto on
And I was planning on getting my ears pieced this weekend too, god damn!
MasterLogic on
The worst thing about Claires is their piercings, NEVER EVER EVER EVER EVER get ANY piercings done there, for yourself or for your children. They aren’t professionals, they don’t use the correct equipment and can’t sterilise the reusable piercing gun.
ALWAYS go to a reputable piercing studio to get your kids ears pierced by somebody who knows what they’re doing.
FelisCantabrigiensis on
>… is owned by a group of firms, including investment giant Elliott Management.
>…
>In its US filing, Mr Cramer blamed… “debt obligations”
Elliott Management, eh?
This company was looted and wrecked by hedge funds, like everything else that Elliott touches.
fkprivateequity on
oh no, now parents will have to actually take their kids somewhere proper, safe, reputable and hygienic to get their ears pierced! whatever will we do?!?
Dystopian_Everyday on
Not sure how they survived so long selling stick on jewellery and water bottles but as nothing better is coming to replace it I suppose it’s still a loss for the dying high street
pandaman777x on
Went into Claire’s for some reason… the prices actually shocked me.
It’s Temu quality for 20x markup
Inevitable_Piece4259 on
When I was a teenager me and my friend went to Claire’s to look at earrings and I picked up a pom pom dog earring and said “look how ugly this is” and a middle aged woman employee literally kicked us out, said “if you hate it here so much then get out” so we left awkwardly. Not relevant but it’s a funny story. Shame I can’t tell it to someone every time I walk past a Claire’s
CardiologistNorth294 on
They should offer vapes and Turkish haircuts to stay afloat
JamesP84 on
And do you know Claire dropped the Accessories? BECAUSE I TOLD HER TOO!
20 Comments
Overpriced shop with undertrained staff on bring of collapsing. What a shock
I walk past one on the way to work, never seen anybody in there.
Went in with a colleague on Lunch break once, it was just pure tat. Everything in there was tat.
No idea how the business manages to employ over 2,000 people.
What’s the cumulative number of companies that have now been on the brink in the Past year?
It seems and sounds like not a week has gone by without a 500+ employer being on the brink
I saw some shops in the US hadn’t had stock delivered in weeks and even had a store closed due to unpaid rent. So this isn’t surprising, but a huge stress for staff who are now stuck looking for jobs an in awful market. I hope they at least get enough notice to start applying elsewhere
For anyone interested, they actually have quite a healthy gross margin (around 66%), but their distribution costs are actually insane, at £68m. For context, they have £91m gross profit. Which means over half of every £1 they earn in sales (after cost of the product they sell) is going on distribution. Madness.
https://find-and-update.company-information.service.gov.uk/company/03115188/filing-history
Oh well. Everything’s crumbling. Unemployment rising. Taxes rising. Immigration rising. Certain crimes rising. Civil unrest rising. The populace waiting each other in increasingly fractional ways, increasing. Services crumbling. Prices rising. Nothings gets built nothing gets better. Oh but we’re being limited to what we can access online without handing over MORE private data. Ai is being used to track social media by hmrc and we’re getting facial recognition vans. Love it.
But who can we blame this time, youths? Disabled people? Please let us know so we can keep pretending it isn’t corporate greed
Low cost retailers can’t survive the hike in minimum wage, the hike in employers taxes and the ‘net zero’s related mega high British energy costs. Impossible.
Government has claimed another one. Well done Reeves and Milliband.
Gutted for the employees, but these terribly run retail businesses have been taking the piss out of the high for years. Good riddance and let the market sort out a worthy replacement.
Cheaper to buy from shein. Claire’s stuff is completely overpriced
Well I went in looking for metal headbands. It was 2 for 8 quid. I looked online and found the exact two that came in a set of 8 for less than a quarter of the price
And I was planning on getting my ears pieced this weekend too, god damn!
The worst thing about Claires is their piercings, NEVER EVER EVER EVER EVER get ANY piercings done there, for yourself or for your children. They aren’t professionals, they don’t use the correct equipment and can’t sterilise the reusable piercing gun.
ALWAYS go to a reputable piercing studio to get your kids ears pierced by somebody who knows what they’re doing.
>… is owned by a group of firms, including investment giant Elliott Management.
>…
>In its US filing, Mr Cramer blamed… “debt obligations”
Elliott Management, eh?
This company was looted and wrecked by hedge funds, like everything else that Elliott touches.
oh no, now parents will have to actually take their kids somewhere proper, safe, reputable and hygienic to get their ears pierced! whatever will we do?!?
Not sure how they survived so long selling stick on jewellery and water bottles but as nothing better is coming to replace it I suppose it’s still a loss for the dying high street
Went into Claire’s for some reason… the prices actually shocked me.
It’s Temu quality for 20x markup
When I was a teenager me and my friend went to Claire’s to look at earrings and I picked up a pom pom dog earring and said “look how ugly this is” and a middle aged woman employee literally kicked us out, said “if you hate it here so much then get out” so we left awkwardly. Not relevant but it’s a funny story. Shame I can’t tell it to someone every time I walk past a Claire’s
They should offer vapes and Turkish haircuts to stay afloat
And do you know Claire dropped the Accessories? BECAUSE I TOLD HER TOO!