My local Millets died a while back due to an end of lease, plus the fact that it was full of tat and basically empty of customers. SD tried to buy Blacks a couple of years ago, which meant that the Blacks Management spent a lot of their time fighting off SD rather than looking after their business. TNF came in as a white knight, and now owns 5% of the group.
Millets would basically go if SD did take over - the brand is fairly low rent, with low margins. On the other hand, its just the sort of place you could put loads of cheap Karrimor stuff, getting it out of the main SD stores.
The interesting thing is wondering why SD would look to expand their estate on the High Street, when they already have loads of stores in same areas (my ocal SD and Blacks are about 100 yards apart) and the High Street is looking pretty sick at the moment.Who wants to take on more expensive leases at this time?
It will be intetesting to see how Berghaus and TNF would feel about a sale to SD. Yes, they both supply F & T, but thats a 'proper' shop. Neither brand is going to be happy if its kit is dumped next to Karrimor, Campri and the rest of the SD stable. And since TNF owns 5% of the company, they have a say in what happens.
I feel sorry for the staff - the good ones are suffering for the continuing failings of Blacks management, and if Blacks does fall, there will be evenmore empty shops on the high street.