Maplin administration

Allegedly, Maplin has gone into administration.

I was in a company that went into administration many years ago. It is very unpleasant as it means your pensions and severance deals can count for nothing. I expect the administrators are trying to find a buyer for, at least some of, the stores.

Sadly, Maplin is another example of the way we shop now. Fewer go into stores and more and more of us buy online at lower prices, often from the Far East with free postage.

As I have said many times, those that adapt have some chance, whereas those that do not adapt will fail. I suspect those that will survive have a good online store and a high street chain to allow browsing. John Lewis comes to mind.

See http://www.bbc.co.uk/news/business-43223175 .