Planet Fear Demise

It appears that Narrowcast Media trading as Planet Fear will go into receivership this week. The company seems to have folded as a result of several factors: The complex nature of share ownership and the generally tough trading conditions within the outdoor trade over the past 12 months which have been exacerbated by a glut of unsold stock and over-subscribed retail coverage within the UK.

A report in the August edition of the outdoor industry journal 'OCC Outdoor', said that the UK outdoor clothing industry is wasting £140 million worth of profit every year. The survey that was conducted by business analysts Plimsoll Publishing also said that almost a third of UK outdoor companies are making a loss with more than one in three of them losing money for a second year running. 7% of companies are reported to be only making a 3% return on investment (at least 2% less than is available from a high street bank deposit account).

The general trade malaise was further highlighted at the weekend by a report in the Telegraph about the current troubles at Blacks Leisure. Having shut a number of branches in the spring there appears to be further boardroom unrest resulting from the declining share price which has fallen to 272p from a high of 400p in January. More about Blacks on the Telegraph web site

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24 Sep, 2007
(exacerbated, not exasperated)
24 Sep, 2007
I'd be very exasperated by those exacerbating conditions!
24 Sep, 2007
Either way, good luck to the staff and others employed by PF they always seemed a helpful friendly bunch to me. Hope they find something else soon.
24 Sep, 2007
ha ha, good point!
24 Sep, 2007
yes, agreed.
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