Whitcoulls, Borders contracts

Posted by admin 
Message List Start New Topic
admin
Whitcoulls, Borders contracts
March 08, 2011 03:05PM
Will Whitcoulls Lambton Quay be trading on 31 January 2012? [www.ipredict.co.nz]

Will Whitcoulls Queen Street be trading on 31 January 2012? [www.ipredict.co.nz]

Will Borders Lambton Quay be trading on 31 January 2012? [www.ipredict.co.nz]

Will Borders Queen Street be trading on 31 January 2012? [www.ipredict.co.nz]
gb_guy
Re: Whitcoulls, Borders contracts
March 09, 2011 10:33AM
What a classic contract. Definitely getting into this once i get some more liquidity
eeyore
Re: Whitcoulls, Borders contracts
March 31, 2011 09:37PM
http://www.stuff.co.nz/business/4834628/Whitcoulls-stores-safe-from-closure
mrh
Re: Whitcoulls, Borders contracts
May 26, 2011 03:50PM
New Zealand Book Retailers Sold



Edited 1 time(s). Last edit at 05/26/2011 03:50PM by mrh.
rotamota
Re: Whitcoulls, Borders contracts
May 26, 2011 03:52PM
[www.stuff.co.nz]

Quote
The stores - five in Auckland, two in Wellington and Christchurch and one in Rotorua - were to be renamed under the new owner's Relay brand.

In this case this stock seems great for shorting at over 80c.

This stock says to close at $1 it needs to have the word Whitcoulls in the name.

Relay? or Whitcoulls Relay? Thats the question...

I assume "Relay" will be the name used. Yet I can't find any information on this brand.
Lanthanide
Re: Whitcoulls, Borders contracts
May 26, 2011 03:59PM
Read the article more carefully. It is talking about the 10 airport stores that are being renamed to Relay, not the general Whitcoulles and Borders chain. These stores were sold last month, and the renaming has been publicised before now.

Initially I had the same interpretation as you - slack writing on the part of the journal.



Edited 1 time(s). Last edit at 05/26/2011 04:00PM by Lanthanide.
rotamota
Re: Whitcoulls, Borders contracts
May 26, 2011 05:03PM
Oh yes I see now - They have since totally update the article.

When they say "The stores - five in Auckland, two in Wellington and Christchurch and one in Rotorua - were to be renamed under the new owner's Relay brand " Its rather confusing as I know they don't have two in Wellington Airport and Five in Auckland.. lol.



Edited 1 time(s). Last edit at 05/27/2011 09:36AM by rotamota.
MikesRetirementFund
Re: Whitcoulls, Borders contracts
May 27, 2011 09:24AM
"The new New Zealand owners of the Whitcoulls and Borders bookstores have confirmed they will retain the iconic Whitcoulls name but are less certain about the ailing Borders brand."

[www.stuff.co.nz]
admin
Re: Whitcoulls, Borders contracts
June 02, 2011 04:10PM
Whenever I visit Borders in NZ and Whitcoulls, I love my Kindle. I have this thing for reasonable prices.
Lanthanide
Re: Whitcoulls, Borders contracts
June 21, 2011 01:39PM
''The Borders stores are likely to be rebranded to a larger format Whitcoulls store. It is envisaged that these stores will combine the strength of the Borders offer with the strengths of Whitcoulls.''

[www.stuff.co.nz]
Lanthanide
Re: Whitcoulls, Borders contracts
June 22, 2011 09:21AM
On Morning Report this morning (about 8:50am), they had a short interview with a big-wig at the new owners.

The Whitcoulles on Lampton Quay will be shut down "early next year" and the Borders will be re-branded as Whitcoulles.
eeyore
Re: Whitcoulls, Borders contracts
June 22, 2011 12:40PM
Lanthanide Wrote:
-------------------------------------------------------
> On Morning Report this morning (about 8:50am),
> they had a short interview with a big-wig at the
> new owners.
>
> The Whitcoulles on Lampton Quay will be shut down
> "early next year" and the Borders will be
> re-branded as Whitcoulles.

Now it's all a question of timing.

I wonder how the license to use the Borders brand works, and whether there is any financial incentive to stop using it as soon as possible.
mjm
Re: Whitcoulls, Borders contracts
June 22, 2011 07:48PM
It's beyond me why the Borders stock is rising. Booksellers have a traditional quiet patch in January, before the stationary sales in February. Seems like January, after the Christmas/Boxing Day/New Year sales and before the back to school sales, is the perfect time to switch the brands "early next year".
cowpoos
Re: Whitcoulls, Borders contracts
June 22, 2011 08:39PM
mjm Wrote:
-------------------------------------------------------
> It's beyond me why the Borders stock is rising.
> Booksellers have a traditional quiet patch in
> January, before the stationary sales in February.
> Seems like January, after the Christmas/Boxing
> Day/New Year sales and before the back to school
> sales, is the perfect time to switch the brands
> "early next year".


yes your right....but after xmas,new years sales. late feb....march are logical times for re branding. especially just before march 31st. write down costs....depreciate capital in following year. depending on their balance date of course.
Lanthanide
Re: Whitcoulls, Borders contracts
July 04, 2011 06:08PM
Borders in Chch closing on August 11th. Not officially released to the press yet.
GAS
Re: Whitcoulls, Borders contracts
October 05, 2011 09:53PM
[newsbankruptcy.wordpress.com]

Recent sale of Borders trademarks to Pearsons may signal some necessary action ??
Lanthanide
Re: Whitcoulls, Borders contracts
October 06, 2011 12:41AM
If by 'action' you mean closing the stocks, no, not until the names of the listed stores actually change.

Also I think Borders internationally is a distinctly separate company from Borders in NZ, so any trademarks being sold by the international company probably have no impact on NZ operations. Borders has been going down the plughole in the US for several years now but the NZ stores were relatively unaffected until the whole buyout happened.
GAS
Re: Whitcoulls, Borders contracts
October 06, 2011 07:43AM
I just meant action relating to the decision to change the store names. The article cites the sale of NZ and AU IP to Pearson's who bought the online arm of Borders in the sell off.
Economist
Re: Whitcoulls, Borders contracts
November 01, 2011 06:31PM
Wow, someone got wind of something at 5pm about Borders Wellington... but not Auckland?
maxb
Re: Whitcoulls, Borders contracts
November 01, 2011 07:20PM
Damn, wish I'd picked up on that.... guess this stock will be closing soon.

[joan-druett.blogspot.com]
Economist
Re: Whitcoulls, Borders contracts
November 01, 2011 07:35PM
maxb Wrote:
-------------------------------------------------------
> Damn, wish I'd picked up on that.... guess this
> stock will be closing soon.
>
> [joan-druett.blogspot.com]
> tamorphoses-into-whitcoulls.html


Hmmm, me too. I've been out of Welly today, and yesterday I caught the bus at the end of Lambton Quay rather than my usual stop outside Farmers...
Lanthanide
Re: Whitcoulls, Borders contracts
November 01, 2011 08:58PM
The stock unfortunately doesn't seem to have a provision for closing early at $0 except when the store permanently closes.

I don't think anyone would object to it closing early, though. I guess admin could contact management and enquire if the name change is intended to be permanent?
maxb
Re: Whitcoulls, Borders contracts
November 01, 2011 09:52PM
I suppose there's a 0.00001% chance they'll change the name back to borders before 31 January
eeyore
Re: Whitcoulls, Borders contracts
November 01, 2011 10:36PM
Or the Normans sell it to WHSmith and rebrand it again.

Or they institute a lockout of their workers and we all have an argument about whether that means the contract closes at $0 or $1.

Or that the whole company and its owners are sunk by a giant ponzi scheme.

(This is fun.)
admin
Re: Whitcoulls, Borders contracts
November 02, 2011 09:21AM
The contract is ambiguous on closing under these conditions (doesn't provide a rule either way) and I think it reasonable to close now unless there is an indication of a change back. To confirm.
admin
Re: Whitcoulls, Borders contracts
November 02, 2011 09:25AM
Confirmed, no intention to change back (and open confusion at the question), contract closed at $0. Thanks for the heads up.



Edited 1 time(s). Last edit at 11/02/2011 09:25AM by admin.
exactchange
Re: Whitcoulls, Borders contracts
November 06, 2011 01:57PM
Looks like Borders on Lambton Quay has rebranded as Whitcoulls now. Don't know about Borders but Whitcoulls has in recent years done the big Boxing Day sale thing. Largely to offload the Christmas leftovers. Perhaps they will focus that sale in the non-Borders store and use the increased traffic to shift other sale items as well in preparation for a change.
Newer Topic Older Topic
Sorry, only registered users may post in this forum.

Click here to login