ChatterBank1 min ago
Well Done Hays Travel ,our Local Travel Company
For taking on 1000 TC staff who are back behind their computers today,
Hays started with one shop in Sunderland , this is a really nice feel good feeling for those who faced a bleak Christmas
Hays started with one shop in Sunderland , this is a really nice feel good feeling for those who faced a bleak Christmas
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Think there are some numbers in the link from yesterday.
https:/ /www.th eanswer bank.co .uk/New s/Quest ion1677 980.htm l
Think there are some numbers in the link from yesterday.
https:/
//Hope it works out for them. Seems a major undertaking in a world more & more Internet serviced, to me. //
So do I. But I fear it won't.
High Street shops represent an enormous overhead for any company. A small shop in my local High Street sets the proprietor back around £35k a year simply for rent and business rates. Add just two staff and that's another £50k at least. You're looking at the thick end of £100k to run just a small shop with a couple of staff. The travel industry does not work on particularly high margins and £100k a year will eat into those margins voraciously. I really cannot understand Hays' business model which seems to run contrary to those of the other operators I wish them well but fear it will end in tears.
So do I. But I fear it won't.
High Street shops represent an enormous overhead for any company. A small shop in my local High Street sets the proprietor back around £35k a year simply for rent and business rates. Add just two staff and that's another £50k at least. You're looking at the thick end of £100k to run just a small shop with a couple of staff. The travel industry does not work on particularly high margins and £100k a year will eat into those margins voraciously. I really cannot understand Hays' business model which seems to run contrary to those of the other operators I wish them well but fear it will end in tears.
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