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» One Touch Football - Archive » Music » Fopp gone bust? (Page 9)

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Author Topic: Fopp gone bust?
die grosse linke Hand
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Northern Rock is hilarious, UA. That has gone straight into a stock interview question for my replacement as thats pretty much the job (meanwhile, I am trying to work out how the number is what it is).

Anyway - Fopp. I reckon their interest charge increased by 10k a month on 20m, which isn't enough to ruin them but certainly didn't help. I really can't see why anyone would think that buying a chain that failed twice (MZ picked up the pieces of another administration) is a good idea.

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statto99
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Fopp closes all its stores.

http://news.bbc.co.uk/1/hi/business/6252300.stm

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hissing fauna
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well I, for one am delighted.
For all those stores that Fopp pushed out of business, I raise my glass to Fopp's demise.

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Etienne
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quote:
One Fopp employee said staff were informed by e-mail on Thursday afternoon about the closure of stores.

"There are negotiations over wages taking place, but for all intents and purposes, the several hundred ex-employees of Fopp have no means of paying rent, bills or buying food and have wasted a month of their life working for free," the employee said.



[ 29.06.2007, 15:36: Message edited by: Etienne ]

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die grosse linke Hand
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This is the sad thing that always happens. The saddest part is that if you are working in Fopp, you are unlikely earning enough to be able to save to cover yourself should this happen.
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hissing fauna
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Etienne, obviously i feel sorry for the people who worked there and have been shafted by this, but the company as a whole and their business practices can fuck off
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Etienne
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Yeah, I was saying it to agree with you the management were cunts, not to question your post, HF.
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Nuts 'n Gum
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I used to work in an independent record shop in Birmingham for a year - and the thing that has kept that going is reguulars who iwll come every week and splurge a good amount of money on various records - this particular shop specialises in 60's Psych and Jazz as well as Rock/Indie, so getting a very rare import of something most likely keeps a customer loyal.

Fopp however, whilst I myself went and bought many a CD because it was 5 and pretty decent (still should have bought Pure Phase by Spiritualized mind you), was killing off Independent shops where it was situated - tellingly there wasn't one in Birmingham which was a definite bonus, the nearest is Solihull which is about 10 miles away.

The Music Zone merger sounds ridiculous though, how was that going to work!? It's not as if CD sales are booming at the moment either.

My final visit to a Fopp is probably going to be the Goodge Street one where there was a bar at the bottom and a stage for bands to play gigs! That seemed slightly extravagant compared to HMV's setting up of a stage in front of the big screens.

So long Fopp, I loved and loathed you.

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What's the rumpus?
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HF, I was in Rounder Records today and now I wonder why I ever went elsewhere.

Great store. The staff today were taking time to advise an older, slightly out-of-it couple on where in town they could party till six a.m.

Nice people.

[ 29.06.2007, 22:46: Message edited by: What's the rumpus? ]

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Nishlord
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SSS, you are the Death Angel of rubbish chain store nonsense. Can you start a thread about the demise of Subway now, please?
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Lieutenant Dub
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Number 73 buses are still carrying adverts for a competition put on by Fopp and MTV, where kids can earn 1000 by writing in with great business ideas.

I'm going to suggest buying up a defunct chain of provincial music shops you can't afford to pay for, to see how far it gets.

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Auntie Beryl
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A narrowly averted Virgin rebirth
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Nishlord
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http://www.myspace.com/helpsavefopp
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die grosse linke Hand
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I had seen that elsewhere. One of the most pointless and pitiful acts of internet campaigning ever.
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Mighty Mudhsuden
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quote:
well I, for one am delighted.
For all those stores that Fopp pushed out of business, I raise my glass to Fopp's demise.

You can extend that toast to anyone who knows what a bit torrent is.
Posts: 2061 | From: Hackensack... is that all you get for your money? | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
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