Play.com pulls out of Jersey

Play.com has become the latest victim in the shifting retail market after confirming it will shut down its direct retail business in Jersey.

From March the firm will become a marketplace-only vendor. Play.com said in a statement: “Moving forward we are intending to focus exclusively on our successful marketplace, which is our main business area, and to phase out the direct-retail part of our business.”

The online retailer blamed the move on the scrapping of the Low Value Consignment Relief (LVCR) which allowed items less than £15, such as CDs, games and DVDs, to be sold to the UK VAT-free.

The government closed the LVCR loophole, which was thought to have cost the exchequer about £130m in lost VAT, in April 2012 in a bid to “take action to end exploitation of the rules”.

Continued...

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Comments

Depressing

cyrynpen | | Permalink

This is just so depressing! When is it all going to end? Will we just have supermarkets left?

next election conservatives    1 thanks

deg2yq | | Permalink

next election conservatives will not win more than 150 seats. They have even less of a clue about SME  or private enterprise and small business startup than labour.

It is all old money and old boys club.

Can't wait to see the back of them.

I voted for them last time... first thing they did was to raise VAT an wipe out a good few of my clients.

 

 

Unfair    2 thanks

alan159 | | Permalink

Unfair to blame the coalition government for trying to sort out the mess left by 13 years of Labour mis-management.

Every Labour government has ended with it running out of money and the Conservatives have had to sort their mess out.

The Conservitives may well lose the next election, but that doesn't mean they are wrong, most people have no idea about their own finances let alone the country's!

Job losses are always sad, but jersey has its own government, it is not the job of the UK government to worry about jobs in Jersey - they cost the Exchequer enough as it is with hosting aggressive tax avoidance factories.

 

 

 

What's that got to do with small businesses?

Ken Howard | | Permalink

deg2yq wrote:

next election conservatives will not win more than 150 seats. They have even less of a clue about SME  or private enterprise and small business startup than labour.

It is all old money and old boys club.

Can't wait to see the back of them.

I voted for them last time... first thing they did was to raise VAT an wipe out a good few of my clients.

Jessops and play.com aren't small businesses, so I'm not sure how your rant about the Tories is relevant to this thread.

Surely the removal of two big players from the economy should be good for smaller business competitors who may be able to get some of their business.

mr. mischief's picture

My thoughts

mr. mischief | | Permalink

I was on the streets in 1997 campaigning for Labour.  Three reasons:

1.  Financial credibility.

2.  Ethical foreign policy.

3.  100% commitment to no sleaze.

Thirteen years later and not only had these policies been binned, they'd been stomped all over and incinerated.  I handed back my card in 2003 when we decided our foreign policy was going to be "Yes siree George".

In 2010 someone I canvassed with in 1997 knocked on the door to ask for my vote.  I said not only was I no longer a member, it didn't seem likely to me I would be voting Labour for at least 10 years.

No reason to change that view.  People have short memories and might vote them back in, if they do then say your prayers.