Always thought the "rescue" package was a bit ambitious
Can't say I'm surprised though
Their prices were always more at home on "Fantasy Island"
I do feel sorry for the staff
But they must have known that the "bubble" would burst
They (HG) rose to prominence during the "credit boom"
When people were happy to put expensive stuff on their "plastic"
I don't think they really had any idea about "competitive" pricing
I can't say it surprises me. The email flyers i was getting from them smacked of desperation in their price-cutting. It's a shame for those who'll lose their jobs, and the only way I can see the name surviving in this country is as an internet-only business, or perhaps with just one UK shop. but it's still a competitive market and they've got to get their prices right.
I've bought a lot of stuff from them in the past and have been pleased with it - particularly the original Tuareg jacket which was heavily discounted. At my last visit to the Braintree shop the stock was limited compared to what it used to be and there wasn't much in the way of consumable items like chain lube. As Wills said, the e-mail flyers with constant 'special offers' were starting to look desperate. I hope no one's bought any gift cards. It's sad to see HG go this way and my sympathy to the staff.
They do seem to bounce in and out of it, shame really as it did sell some pretty good kit at reasonable prices. My sheltex touring gear got up and back in relative comfort from Glasgow to Aberdeen (as well as all those rallies).