There seem to be fewer and fewer of these around. Department store shopping, according to some people, has had its day. The profitable remainder of the old United and Group portfolio are being run by Anglia under the Westgate brand.
Plymouth have recently sold all Derrys stores to Vergo Retail Ltd (so my imagined idea of Westgate as a nationwide co-operative department store chain seems to be down the pan then).
We now hear that Principles - a major concession player in many Westgate stores - has gone into administration. This will surely have some knock on effects where they are running within Westgate department stores.
Anglia have done a rebrand on one department store to emphasise a move away from clothing and towards the home - Upholstery, Dining, Beds and Bedroom furniture, Textiles, Cookshop, Giftware and Electrical - so no toys or clothes. Maybe this new "Co-op Home Store" in Hartlepool will become more common.
Do we need co-operative department stores? Can they survive in current times? Is it time to cut loses and run? (Derrys lost over £1m in the last year) Is the whole sector on the way out?
Any thoughts.....
