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Will SC be having a 'sale'?


HarryPotter
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I don't think they're in Bankruptcy (i.e. Liquidation), they're in Administration.

That's not being pedantic - they're different things and have different effects.

The prime job of the Administrators is to try to trade out of financial difficulty and either turn the business around or get it into a fit state to be sold. Neither of those will be helped by holding a fire sale.

If SC do go into Liquidation because the Administrators decide that it's beyond salvage, then there might be some sales. Alternatively, the Administrators might take a simple offer from a competitor to take their entire stock.

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[quote name='Moody' post='199443' date='May 15 2008, 11:44 AM']I thought SC did most of their stuff on sale or return? I could be totally wrong though so please treat with a large dose of seasoning.[/quote]

if they bought stuff on sale or return, in theory they could have returned all of their unsold stock and they wouldn't be in the position they are in

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[quote name='john_the_bass' post='199480' date='May 15 2008, 12:31 PM']if they bought stuff on sale or return, in theory they could have returned all of their unsold stock and they wouldn't be in the position they are in[/quote]

Going off the state of the Stoke SC they are very light on stock, so I'm assuming it was recalled by the supplier or returned by SC. Either that or they have had a cracking week of selling stuff.

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The guitarist in my band (Rob) got a mega deal on an American Standard Tobacco Sunburst Strat and a DigiTech Whammy (+ 8 sets of D’Addario strings thrown in for free) cos he walked in with a wedge of cash and pretty much said “take it or leave it”…and they took it. So I think to a certain extent, and because of what’s happening to the company at the moment, you can propose your own deals and be a bit of a mean f***er about it.

By the way – that was the SC in Salford (Manchester)

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