Crumbs, apart from independents, have yet to see a chain shop close (unless they are opening a bigger shop locally). Used to be one Corals in Reading about ten years ago, now there's about 15.
I'm on good speaking terms with the manager and he's heard rumours Corals have bought out or are on the verge of buying Totesports. Meaning Corals will have to close down some of the smaller less profitable shops, this shop is no bigger than two small terraced living rooms.
If the rumours are true then there would be three Corals in my town as there is a Totesports already but he thinks the profit margins are an excuse. He rang other shops in the region and there takings weren't much better during the Xmas period, they just had more trade yet paid out more to compensate.
harry2 wrote:Crumbs, apart from independents, have yet to see a chain shop close (unless they are opening a bigger shop locally). Used to be one Corals in Reading about ten years ago, now there's about 15.