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» One Touch Football - Archive » Music » Fopp gone bust? (Page 3)

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Author Topic: Fopp gone bust?
Pants
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Just phoned Tottenham Court Road branch - they're open today. But intriguingly, they're accepting cash only today - no cards. Apparently there's a problem with their card readers.
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Super Sharp Shooter
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Yeah, the problem is that they transfer funds to their bank, obviously plummeting into a debt hole. Whereas cash can be kept and spent. Presumably they've promised wages to the staff in order to get them in, so they've got to take that in cash at the very least.

Horrible, really. I've been working somewhere when it went bust three times now. It's never fun.

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Spearmint Rhino
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To work somewhere that goes bust once may be regarded as a misfortune, but three times...

</Wilde>

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Duncan Gardner v8.2
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quote:
http://www.thebookseller.com/news/40723-fopp-puts-a-hold-on-book-supply.html
I wouldn't necessarily believe all ye read in that rag...

http://www.thebookseller.com/news/40739-union-calls-waterstones-meeting.html

http://www.booksunion.net

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Super Sharp Shooter
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quote:
To work somewhere that goes bust once may be regarded as a misfortune, but three times...
... means you work in the videogame industry. I know people who are heading towards double figures.
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Spearmint Rhino
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Hah. The magazine industry isn't much different.

Although in my case, the mags seem to go down shortly after I leave. (Which you can interpret two ways...)

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Lipper
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A friend of mine from Glasgow who used to manage the big HMV store in downtown Toronto (and used to do alright by it as well, judging by the concert tickets and drinks that he put my way in the time I knew him), went back home just over a year ago to manage the Fopp store in Glasgow. If this is as widespread as it seems, it would appear that shit has not eventually worked out quite as well as he would have hoped for his return. Which is a shame as he was a decent guy to talk to about music, or books, or football. I recently got hold of his e-mail from over there, but it's a company address, and I've been too lazy to bother getting back in touch yet. However, I should likely get off my ass and contact him, as who knows how long this address stays valid, if it even is now? Although, if this falls through, he'll probably just find me on the facebook.
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Duncan Gardner v8.2
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I've just been in the London WC1 branch. Only cash sales, very little in the 1 bin yet. Stephen Fry, wearing a big grin and gren cords was just leaving.
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Crusoe
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Speaking to a mate-of-a-mate who works in one of the branches today it'll be a permanent state of affairs.
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Fitter Happier
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Mixed feelings about this. I like browsing Fopp, but rarely spend any money there. I guess I'm lucky in that Nottingham has Selectadisc, but I can't help but feel that all these towns like Leamington where Fopp is the only thing going for it might have a good (true) independent record store if it wasn't for Fopp (probably not with the internet, but Fopp didn't help. I think it's Cambridge where Fopp is/was particularly unpopular and is blamed for the closing of a couple of superior indies.

And their committment to true indie music was only skin deep: there was fuck all beneath their (appalling) 'unsigned talent' compilations. They wouldn't take posters or flyers for local gigs and made no effort to integrate themselves into Nottingham's scene.

Fopp, to me, sells (sold?) pretty Taschen books cheap (which is good) and Q magazine fodder for a fiver, which I'm less bothered about. Most music I care about was ridiculously expensive or not stocked, though they did recently have the whole Constellation Records back catalogue for 8, which was nice.

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Joe Public
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FOPP Manchester was open as normal yesterday.
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Fitter Happier
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Had this myspace bulletin from a guy who ran a (very short lived) indie shop in Sheffield recently:

quote:
Apparently Fopp has closed down. After buying the shitty Music Zone chain, which closed early this year, Fopp have fucked themselves by trying to buy out the competition... and I remember the days when Fopp was actually an independent...

Thanks for screwing us all over Fopp, and now loads of people had to shut their shops! But at least it benefits the true independents that managed to survive!


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Diggedy Derek
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Agree that FOPP is/was a mixed blessing. Although it's great to get the likes of Pet Sounds for a fiver, browsing through the racks was as profoundy depressing as HMV or Virgin (in fact, the bigger HMVs were generally better than the smaller FOPPs).

Rough Trade are about to open the biggest independent music store in the whole of the UK at the moment, in London's fashionable Shoreditch. I'll be spending my money there instead.

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die grosse linke Hand
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Yesterday's paper reading fed me the news that they funded the purchase of MusicZone on floating rates.

So, an already stretched transaction would be 0.75% more expensive already.

The advantage Fopp has over Rough Trade is the difference of about 3 on the price of a CD. Maybe this is part of why Fopp is troubled also, but it does make it hard to remain as fond of RT when you can see a clear mark-up.

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Diggedy Derek
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Yeah, know what you mean. I don't think independent retailers can compete with Amazon or what not on price entirely, though. The challenge for indies is to provide such a good service that you feel OK paying a tiny bit extra, hence I never even bother looking to see if I can get stuff cheaper than Boomkat. It hardly seems worthwhile to save myself a pittance. Though as you say 3 is hard to swallow.
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