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Post by lawrieleslie on Oct 12, 2019 8:07:56 GMT
Seems they’ve pulled a master stroke buying out Thomas Cooke. Was walking past Hayes branch on Broadway in Plymstock yesterday and all 4 agents had customers booking holidays plus there were another half dozen customers milling around looking at brochures etc. This is only a small provincial out of town branch. Be interesting to see how long they can keep all 550 ex TC branches open, especially where 2 branches exist close to each other, but looking very positive at the moment. If Brexit deal is done it could open flood gates for Hayes.
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Post by salopstick on Oct 12, 2019 8:18:30 GMT
Seems they’ve pulled a master stroke buying out Thomas Cooke. Was walking past Hayes branch on Broadway in Plymstock yesterday and all 4 agents had customers booking holidays plus there were another half dozen customers milling around looking at brochures etc. This is only a small provincial out of town branch. Be interesting to see how long they can keep all 550 ex TC branches open, especially where 2 branches exist close to each other, but looking very positive at the moment. If Brexit deal is done it could open flood gates for Hayes. Thomas Cook UK wasn’t struggling. It was propping you the rest of the non business. Hayes will succeed because they use all the tour operators. People will love it. The benefits of internet booking but done face to face |
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Post by followyoudown on Oct 12, 2019 8:48:05 GMT
Seems they’ve pulled a master stroke buying out Thomas Cooke. Was walking past Hayes branch on Broadway in Plymstock yesterday and all 4 agents had customers booking holidays plus there were another half dozen customers milling around looking at brochures etc. This is only a small provincial out of town branch. Be interesting to see how long they can keep all 550 ex TC branches open, especially where 2 branches exist close to each other, but looking very positive at the moment. If Brexit deal is done it could open flood gates for Hayes. I don't know I think if the bought Thomas Cooke shops they might have been ripped off  TC itself was bought down by the purchase of mytravel lost a few billion on it money that is hard to make back on a low margin / high volume business saddled with debt. Hayes seem in a much better position short term but longer term the idea if going into a shop to book a holiday will eventually become outdated you'd think. |
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Post by auntiegeorge on Oct 12, 2019 8:49:30 GMT
Interesting that they bought all the shops but not the Thomas Cook name. As far as I know the old TC shops will be renamed Hays Travel. I wish them well.
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Post by followyoudown on Oct 12, 2019 9:02:36 GMT
Interesting that they bought all the shops but not the Thomas Cook name. As far as I know the old TC shops will be renamed Hays Travel. I wish them well. To buy the name I think they would have to buy it all lock, stock and barrel and I expect that would take more cash than they have. Seems a pretty shrewd deal I imagine they picked up the leases at a reduced price, at a stroke they now have something like 4x as many shops and they can rationalise as they come to refit the stores, just a case of how long their business model survives. |
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Post by partickpotter on Oct 13, 2019 7:41:19 GMT
Interesting that they bought all the shops but not the Thomas Cook name. As far as I know the old TC shops will be renamed Hays Travel. I wish them well. To buy the name I think they would have to buy it all lock, stock and barrel and I expect that would take more cash than they have. Seems a pretty shrewd deal I imagine they picked up the leases at a reduced price, at a stroke they now have something like 4x as many shops and they can rationalise as they come to refit the stores, just a case of how long their business model survives. Not sure buying shops is a particularly good idea. At a time when more and more folk do holidays (along with many purchases) on line it’s possible they have just added a financial burden onto their operations that will never pay back. Just because something is cheap does mean it’s a good buy. |
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Post by followyoudown on Oct 13, 2019 10:30:41 GMT
To buy the name I think they would have to buy it all lock, stock and barrel and I expect that would take more cash than they have. Seems a pretty shrewd deal I imagine they picked up the leases at a reduced price, at a stroke they now have something like 4x as many shops and they can rationalise as they come to refit the stores, just a case of how long their business model survives. Not sure buying shops is a particularly good idea. At a time when more and more folk do holidays (along with many purchases) on line it’s possible they have just added a financial burden onto their operations that will never pay back. Just because something is cheap does mean it’s a good buy. Long term thats definitely an issue, short term they have got all the customer data / addresses from Thomas Cook, they paid cash for it and have no debt so are obviously a well run business who seem to know what they are doing. Seems they got a rent free deal until xmas which gives them time to refit the stores be interesting to see how they get on and how many stores they keep open. |
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