Deathwatch: Bay Trading in administration, swim with the fishes

24 April 2009

After predicting the collapse of the High Street at Christmas time, it's been all too quiet on the Deathwatch front recently. Not to worry because Bay Trading has started the ball rolling again, after announcing it was been placed in administration.

1,000 jobs at nearly 300 branches of the store are at risk. Parent company Alexon - who also own lesser known brands such as Ann Harvey, Dash, Estrex and Kaliko - reported a full year pre-tax loss of nearly £28 million, compared with a profit of £12 million the previous year.

The company has stated that Bay Trading had been loss-making and had relied on funding from the rest of the group to survive. Administrators Deloitte are to keep the stores running for the time being to try and secure a buyer. Good luck with that.

[BBC]

TOPICS:   High Street News   Economy

17 comments

  • WHennessy
    Is there a perticular reason why you guys find this funny ?
  • Paul S.
    I don't think anybody said it was?
  • jaysexy212005
    The entire first paragraph suggests you are happy Bay is in administration and you are hoping others will follow suit. I feel sorry for Bay as they have Deloitte as their administrator. Deloitte will no doubt close the business down and sell the stores. They are probably ordering the closing down sale banners and posters as I write this.
  • Paul S.
    It does no such thing. It says everyone was expecting plenty more brands to go into administration this year. That didn't happen, but look - here's another one, and maybe there will be more that fall, after all.
  • Mel
    I love bay i dont wnat it to close down i really hope that they dont close down at all because lots of people shop there and they do really well in the summer and stuff. I Really dont want it to close down PLEASE SAVE BAY! xxx
  • WHennessy
    "After predicting the collapse of the High Street at Christmas time, it’s been all too quiet on the Deathwatch front recently. Not to worry because Bay Trading has started the ball rolling again, after announcing it was been placed in administration" If thats not poking fun then what is. For a start you name this feature "death watch" then go on to say "Not to worry because Bay Trading has started the ball rolling again, after announcing it was been placed in administration" Oh ok I'm sure the people who lose there jobs and potentially homes won't sorry. Insensitive to say the least.
  • WHennessy
    Won't worry *
  • Christna
    As an employee for Bay who found out while working through a phone call from another employee i find your sarcasim very gard to swallow. With 1000 jobs being put at risk, you find this funny? How small your little world must be to not consider the finacial danger some poeople will now face. This site is a joke only with the small minded people who write it.
  • angela
    just read your article "Bay Trading in administration" and am amazed at how insensitive it is. You seem to find the news that another high street retailer may close a source of amusement and to be joked about. I have been a store manager at Bay for many years and just like all the staff at Bay, have put my heart and soul into the company. Yesterday's news was devastating and a total shock for all us at Bay. Many of us have families to feed,mortgages to pay and are now facing the prospect of an uncertain future. I spent much of yesterday in tears as i know many of my friends and colleagues did, whilst still keeping a proffessional image to our customers and we will continue to do so in the hope that our company that we have worked so hard for will find a way out of this situation. Maybe you should think about how the staff of Bay feel about this news before you give your petty opinions about it !!!
  • WHennessy
    Good to see im not the only one who feels this article is insensitive. Good luck to bay employees. Sod off Bitter Wallet.
  • Paul S.
    At no point does the article "poke fun" at the employees or their situation, and the only "petty opinion" it has on the matter, is that it's going to be bloody difficult for the administrators to sell the brand as a going concern in the current economic climate. If you think differently, then say so. If you currently work for Bay, then you're bound to be far more sensitive to the situation than most, but the piece wasn't about you - it was about the company you work for.
  • WHennessy
    "At no point does the article “poke fun” at the employees or their situation, and the only “petty opinion” it has on the matter, is that it’s going to be bloody difficult for the administrators to sell the brand as a going concern in the current economic climate. If you think differently, then say so." Yes it is going to be difficult for them to sell the company. By poking fun at the situation Bay has found itself in is poking fun at its employees who will no doubt lose their jobs. Your insensitivity on the subject is poor to say the least. I bet you wouldn't find someone poking fun at the company you work for if it went into administration funny.
  • Paul S.
    If you want to read that into it, and not admit that you're very touchy about the subject, that's up to you.
  • S P.
    Hello. It is indeed sad that the company made losses and so many jobs are at risk. We shall pray that things be better soon and none jobs are lost. We are suppliers for bay. we have £35k stuck with them. Could any supplier reading this post suggest what steps they have taken to get their money back. We are trying to speak to the administrator. The administrator company is called Deloitte. The person incharge to speak on their behalf is called Matthew and his direct number is 02070072494. Thanks.
  • Helen
    i also work for bay and although you arent poking fun at the employers of bay, its how you have worded it now what you have actually said. we have all been working really hard to avoid this and the fact we actually found out from a customer is even more frustrating. we have barely had any information about what is happening wihich is incredibly worrying for everyone as nobody knows what to do.
  • sharon
    we havent went away u know!!!!!!! bay forever!!!!! we will get a buyer and come back stronger than ever watch this space!!!!!!
  • Lily
    I think everyone is sensitive to the economic climate at this time as everyone is suffering! I started working for Bay a day before it went into administration and I was the one who heard it on the news and told my manager before they found out from higher up! I am lucky because I have not had time to get attached but the people around me are devastated! If you want to poke fun that is fair enough but what goes around comes around and your jobs may be the next ones on here making people redundant. And whatever you say we are an established brand that sells lovely clothes and have great potential to prove you wrong! Alexon does not specialise in young peoples clothing and maybe that is their downfall.

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