Shops in/going into administration
Shops in/going into administration
Looks like INTU to be going into Administration which owns the Metrocentre.
Only problem is that no one wants to go shopping there like it was in the 80’s and 90’s, when Metrocentre first opened it was a new fangle thing, but now there’s retail parks open up practically in every town and city.
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It's been on the cards for a while. Doesn't help that a lot of the big retailers are also struggling and, even if they do keep afloat, negotiating reduced rents.
(08 Jun 2020, 9:21 am)BusLoverMum It's been on the cards for a while. Doesn't help that a lot of the big retailers are also struggling and, even if they do keep afloat, negotiating reduced rents.
(08 Jun 2020, 9:21 am)BusLoverMum It's been on the cards for a while. Doesn't help that a lot of the big retailers are also struggling and, even if they do keep afloat, negotiating reduced rents.
(08 Jun 2020, 7:33 pm)Malarkey From what I understand Intu charge an extortionate amount in rent which is why "Mike Ashley" moved or closed stores such as Sports Direct/House of Fraser/USC out of there centres and instead as is the case with Sports Direct placed them on High Streets or Retail Parks in the past few years.
(07 Jun 2020, 7:23 am)cbma06 Looks like INTU to be going into Administration which owns the Metrocentre.
Only problem is that no one wants to go shopping there like it was in the 80’s and 90’s, when Metrocentre first opened it was a new fangle thing, but now there’s retail parks open up practically in every town and city.
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(08 Jun 2020, 7:33 pm)Malarkey From what I understand Intu charge an extortionate amount in rent which is why "Mike Ashley" moved or closed stores such as Sports Direct/House of Fraser/USC out of there centres and instead as is the case with Sports Direct placed them on High Streets or Retail Parks in the past few years.
(07 Jun 2020, 7:23 am)cbma06 Looks like INTU to be going into Administration which owns the Metrocentre.
Only problem is that no one wants to go shopping there like it was in the 80’s and 90’s, when Metrocentre first opened it was a new fangle thing, but now there’s retail parks open up practically in every town and city.
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(08 Jun 2020, 7:35 pm)Michael I'm sure House Of Fraser is still open in the Metrocentre.
The Metrocentre is always busy though?, plenty of shops and restaurants.
(08 Jun 2020, 7:35 pm)Michael I'm sure House Of Fraser is still open in the Metrocentre.
The Metrocentre is always busy though?, plenty of shops and restaurants.
Further to reports this week, staff at Frankie & Benny’s branches to be closed have begun reviving confirmation via email. Closures are apparently much more widespread than thought, extending to the Coast to Coast brand, of which only 2 restaurants will reopen. Most Chiquito, Joe’s Kitchen, Firejacks & Garfunkel’s restaurants will not reopen.
Parent company TRG intend on focusing mainly on the Wagamama and Brunning & Price brand along with airport concessions.
Seen this on facebook:
BREAKING NEWS
Staff at Debenhams within Intu Metrocentre at Gateshead were informed at 10am via Conference Call that the store is closing and they will no longer employed.
This has come from a former staff member
(09 Jun 2020, 12:24 pm)Michael Seen this on facebook:
BREAKING NEWS
Staff at Debenhams within Intu Metrocentre at Gateshead were informed at 10am via Conference Call that the store is closing and they will no longer employed.
This has come from a former staff member
(09 Jun 2020, 12:24 pm)Michael Seen this on facebook:
BREAKING NEWS
Staff at Debenhams within Intu Metrocentre at Gateshead were informed at 10am via Conference Call that the store is closing and they will no longer employed.
This has come from a former staff member
It's a rent dispute, the only other permanent closure is the branch at South Shields.
Newcastle and Sunderland will remain open
Not surprised in the slightest. Intu is well known for their extortionate rent.
From what I've heard, they keep hiking the prices knowing that tenants have basically no choice but to continue paying
(08 Jun 2020, 8:52 pm)Andreos1 Not sure about their other sites, but they seemed to spend an absolute fortune making Eldon Square and Metrocentre 'destinations'. Go for a meal, bit entertainment and some shopping. The former two cater for the needs of people when they're done shopping for the day as well as being somewhere to go when shopping.The metrocentre should never have got rid of Metroland. If anything they should have made it bigger. It was a unique feature that brought family's in from all over. I cinema is a cinema and a bowling ally a bowling ally.
The types of food establishments they ended up hosting, were pretty much the same as everywhere else. It was chain stuff (F&B's etc) and as their popularity dropped, then it had a knock on effect with rents etc. Ditto the big department stores - Woolworths, House of Fraser, Woolworths etc.
It doesn't seem that long ago that Intu were seemingly buying every out of town shopping centre out there. Huge expansion and investment.
Maybe the shopping centre bubble has burst.
(08 Jun 2020, 8:52 pm)Andreos1 Not sure about their other sites, but they seemed to spend an absolute fortune making Eldon Square and Metrocentre 'destinations'. Go for a meal, bit entertainment and some shopping. The former two cater for the needs of people when they're done shopping for the day as well as being somewhere to go when shopping.The metrocentre should never have got rid of Metroland. If anything they should have made it bigger. It was a unique feature that brought family's in from all over. I cinema is a cinema and a bowling ally a bowling ally.
The types of food establishments they ended up hosting, were pretty much the same as everywhere else. It was chain stuff (F&B's etc) and as their popularity dropped, then it had a knock on effect with rents etc. Ditto the big department stores - Woolworths, House of Fraser, Woolworths etc.
It doesn't seem that long ago that Intu were seemingly buying every out of town shopping centre out there. Huge expansion and investment.
Maybe the shopping centre bubble has burst.
(10 Jun 2020, 11:09 am)Rob44 The metrocentre should never have got rid of Metroland. If anything they should have made it bigger. It was a unique feature that brought family's in from all over. I cinema is a cinema and a bowling ally a bowling ally.
(10 Jun 2020, 11:09 am)Rob44 The metrocentre should never have got rid of Metroland. If anything they should have made it bigger. It was a unique feature that brought family's in from all over. I cinema is a cinema and a bowling ally a bowling ally.
(10 Jun 2020, 12:24 pm)Rob44 A masiive iondoor theme park, where the weather outside makes no difference would be alluring in my view.. They certainly need something to bring back the punters!
(10 Jun 2020, 12:24 pm)Rob44 A masiive iondoor theme park, where the weather outside makes no difference would be alluring in my view.. They certainly need something to bring back the punters!
(10 Jun 2020, 11:24 am)Ambassador At the time of the closure it was the right thing to do, Retail was booming and the old food court wasn't really fit for purpose and Brits were eating out like we'd got no kitchens at home.
Ironically the MetroCentre development plan includes new leisure facilities. Now we'll see out of town shopping centres create more unique selling points to make you visit them over say online or a city centre which has the pubs, restaurants and easier access.
And MetroCentre has lost its allure - it's not the 80s anymore, the internet exists, people want experiences not just soulless identikit shopping experiences that whether you're at intu Milton Keynes or intu MetroCentre all feel the same.
(10 Jun 2020, 11:24 am)Ambassador At the time of the closure it was the right thing to do, Retail was booming and the old food court wasn't really fit for purpose and Brits were eating out like we'd got no kitchens at home.
Ironically the MetroCentre development plan includes new leisure facilities. Now we'll see out of town shopping centres create more unique selling points to make you visit them over say online or a city centre which has the pubs, restaurants and easier access.
And MetroCentre has lost its allure - it's not the 80s anymore, the internet exists, people want experiences not just soulless identikit shopping experiences that whether you're at intu Milton Keynes or intu MetroCentre all feel the same.
From Facebook:
A total of 545 jobs are set to be lost with 35 store closures as Monsoon Accessorize entered into administration after the coronavirus pandemic scuppered its turnaround
Fashion chain Quiz has also entered administration with 82 stores and number of jobs at risk
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(10 Jun 2020, 12:55 pm)Andreos1 It was a few years ago, but I was reading something about the ghost malls in America. Starting to wonder if we will follow that trend too.
One I don't mind, is The Oracle in Reading. Not sure if it's the design or because of its location by the river - but it has something about it that intu centres don't.
It's been a while since I was there, but the two in Nottingham that intu have, were pretty awful.
It doesn't seem too long ago, that the metro centre had independent retailers and stores. There was a sweetshop by the old cinema, the tat shop next door, a couple of places to buy stuff for my Amiga... That's just off the top of my head.
Now, it's pretty much the same store in every town centre and shopping centre up and down the country. As you say, it's identikit.
(10 Jun 2020, 12:55 pm)Andreos1 It was a few years ago, but I was reading something about the ghost malls in America. Starting to wonder if we will follow that trend too.
One I don't mind, is The Oracle in Reading. Not sure if it's the design or because of its location by the river - but it has something about it that intu centres don't.
It's been a while since I was there, but the two in Nottingham that intu have, were pretty awful.
It doesn't seem too long ago, that the metro centre had independent retailers and stores. There was a sweetshop by the old cinema, the tat shop next door, a couple of places to buy stuff for my Amiga... That's just off the top of my head.
Now, it's pretty much the same store in every town centre and shopping centre up and down the country. As you say, it's identikit.