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Firm closing


finlo

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13 minutes ago, NoTailT said:

Now it's a monopoly.

Aren't most businesses on the island monopolised, from Steam Packet, to Telecom, Manx Utilities, and more???

When it comes to other things, such as hospitality, apparently it's "survival of the fittest". But when it comes to a "supermarket" that has been going backwards for years now, what do you do? Keep watching them put prices up for inferior produce?

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1 minute ago, majkul said:

Aren't most businesses on the island monopolised, from Steam Packet, to Telecom, Manx Utilities, and more???

When it comes to other things, such as hospitality, apparently it's "survival of the fittest". But when it comes to a "supermarket" that has been going backwards for years now, what do you do? Keep watching them put prices up for inferior produce?

Rock and hard place. But they need to relax entry to market for new operators now.

Isle of Cartel is real.

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6 minutes ago, GD4ELI said:

This is where Tynwald steps in, remember that useless bunch? Any takeover may require approval, part of a takeover could be to limit price difference to the UK.

 

How can Tynwald intervene? Isn't Shoprite owned only by the NIcholsons?  It's not a PLC is it?

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Tesco express small stores are very successful in the UK  but they rely on a much greater footfall  and office workers  buying lunch  etc ,  than we have in most towns on the isle of Man , the energy  and staff costs must have been a crippling factor for Shoprite  especially where they have had 2 stores in one conurbation , and for years the policy has been to keep any  retail opposition out ,

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14 minutes ago, GD4ELI said:

This is where Tynwald steps in, remember that useless bunch? Any takeover may require approval, part of a takeover could be to limit price difference to the UK.

 

Top tip, Manx Meats at Tesco are cheaper per kg than their own brand.

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I’d love to know how much they got. That will be a colossal deal 

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Shoprite were way overpriced. Tesco, while lacking in selection these days, still gives me 2-3 bags of shopping for £30 as opposed to Shoprites 1 bag.

I just wish they would let Asda over here. For some reason Manx people have a fetish for Lidl. Having escaped the rock at one point for a few years, Asda is where it’s at. You get the George range of clothing, Asda own brand which is infinitely more tasty than tescos, smart price guarantee which they actually do stick to etc

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