Wow the BS here gives me the LOLs!
hora – Member
It was hardly prime retail location though. It was off the beaten track. I’m guessing it was more likely sales weren’t as high as hoped….due to the location of the store. The overheads then brought into stark-focus the cash flow..
You don’t know Edinburgh at all, all the busy shops are a mile or so from the centre. Mostly southish.
yourguitarhero – Member
TBH, Nicolson/South Clerk Street is hard for businesses to survive on. I’ve lived there for nearly 15 years, and very few businesses make it long term.
It’s a combination of it not really being a ‘destination’, but more a conduit street, loads of students without much money to spend and it being particularly bad for pissheads and ends.
This may be right though I don’t understand why – other shops thrive in similar areas.
hora – Member
Man. I popped in there for a stem and the workshop guy and two sales chaps were absolutely spot on. Thats the thing with PlanetX- they seem to employ REALLY good staff. I just don’t get the feeling higher up isn’t as nice.
I’ve been in a few times, once about 4 staff were frothing over a customer getting fitted up for a TT bike and ignored me for a good few minutes before someone else looked up and came over to me. Also had very helpful service.
They totally ****ed up their opening hours and communicating those to customers.
brant – Member
They must have walked away still paying the lease (or settling the lease -as commercial shop leases aren’t that short) which wouldn’t have been cheap at all. So it really must have been dead.
Truly awesome speculation. [/quote]
Either that or their plan of having internet prices and bricks and mortar stores wasnt’ viable (which would have taken no genius to work out IMO)
“I’m a bit of a contrarian,” says Loughran. “As soon as things become mainstream or commercialised, I turn away from them. I’m very bad like that. We were the first to do fixies, we were the first to do 29’ers and single-speed. As soon as it becomes popular I almost deflect to do something else. I’ve lost the lead so many times.”
LOL so they’ve stopped selling popular stuff?