Blnr

[Number3]

Originally Posted by Zakalwe

A lot of people think the arse is going to fall out of the market. A poster on another forum has reported that WF offered him £4.5k for his unworn BLNR on jubilee. No doubt this reflects the fact they’re sitting on a lot of stock and want to keep hold of money whilst cash flow is tight. Nevertheless it gives some indication as to which way they think the market is headed. I would tend to agree.

I think you’re probably right Sal. Does anyone know what WF are doing? Are they currently trading? Have they furloughed their staff to reduce costs?

I guess with the grays it will be down to their individual liquidity as to how long they can keep prices high before the cash starts to run out and they need to dump stock.

[Zakalwe]

Originally Posted by Number3

I think you’re probably right Sal. Does anyone know what WF are doing? Are they currently trading? Have they furloughed their staff to reduce costs?

I guess with the grays it will be down to their individual liquidity as to how long they can keep prices high before the cash starts to run out and they need to dump stock.

WF are trading as a purely online business currently, having closed their showrooms. I assume they’ve furloughed staff only because that’s what I’d do if I were in charge. Their last published accounts showed that they held £40m in stock(!) and less than a million in cash so their cash flow is very tight especially as rent in the locations of some of their stores ain’t gonna be cheap. I would not be surprised if they start a fire sale soon.