Maplin in Administration

Posted by: Mike-B on 28 February 2018

News this morning:  Maplin Electronics,  general electronics parts & components stores around UK with  200+ stores & 2300 staff have gone into administration but will continue to trade through the process.      They are blaming the slump in the pound, weak consumer confidence & withdrawal of credit insurance.    The news clip says Maplin & the administrator PwC plan is to find a new owner.  

Its a shame,  but I'm not surprised;  last time I was in a store I noted a lot of stock & more staff than customers.    Maybe long over due to change the business model,  less stores more www.  That said they have gone through a series of new owners & the current owners have been restructuring in the last few years,  including click & collect to provide a larger www range than available in-store plus a lot of other initiatives.  Looks like it hasn't worked out. 

USA forumites;  Maplin is very (remarkably) similar to Radio Shack in product lines & I see they went into bankruptcy in 2017,  are they still trading ??

Posted on: 28 February 2018 by james n

Yes it is a shame. The Maplin catalogue was always a good place to find the bits I couldn't get in my local Electronics component shop back in my early teens.  

You're right, Mike, they do seem to have morphed into a later day Tandy.

Posted on: 28 February 2018 by ChrisSU

I can't say that I'm surprised, in the last few years, where I have nearly always bought online, I have never found Maplin to be competitive on price, and their range of products seems a bit dated. Obviously, others might have different experiences, depending on the sort of products you're buying.

Posted on: 28 February 2018 by Innocent Bystander

Maplin were good back in the 70s and 80s, but like so many companies expanded too much (in my view), service declined, stock shiften more mainstream, and then the eventual failure.

Posted on: 28 February 2018 by thebigfredc

Nothing Lasts Forever - Roxy Music.

Its a pity though I liked going in there and ferreting around.

Posted on: 28 February 2018 by james n
thebigfredc posted:

Its a pity though I liked going in there and ferreting around.

If they'd have had more buying and less ferreting ...

Posted on: 28 February 2018 by Stephen Tate

I must admit too, i'm also guilty of ferreting around rather than buying from Maplin. It will be a shame to see them go, I use to use them quite a bit years ago and my eldest son gets a lot of his tooling in there for when he is building his gaming PCs.

On another note: I read Toys R Us are no more as from today also. Oh how times are a certainly changing...I personally blame Amazon.

Posted on: 28 February 2018 by thebigfredc

The ferreting was a kind of ritualistic foreplay which would often lead to full on, transactional intercourse.

Posted on: 28 February 2018 by james n

Posted on: 28 February 2018 by Eloise
Stephen Tate posted:

I must admit too, i'm also guilty of ferreting around rather than buying from Maplin. It will be a shame to see them go, I use to use them quite a bit years ago and my eldest son gets a lot of his tooling in there for when he is building his gaming PCs.

In my experience PC parts were about the only thing Maplin were competitively priced for ... but the market for that is shrinking / moving online where there can be more choice available.

Maplins were useful for connectors and components when you weren't entirely sure what you needed ... but when you can buy 2 Neutrik XLRs online for the price of one "Maplin" XLR in store, its not surprising that no one went there.  They will be missed however for the emergency parts / cabling situations - when you need a 5 or 10m USB cable to set up a printer "NOW" there will be a lack of alternatives in most towns.

On another note: I read Toys R Us are no more as from today also. Oh how times are a certainly changing...I personally blame Amazon.

Amazon do take the blame somewhat ... but Toys R Us especially and Maplins slightly are also guilty of having management  who have failed to have any vision.  A toy warehouse was a great idea in the 1990s, but they are soulless places these days when they could have been revitalised into "place centres" (or some such buzz word like that).

Posted on: 28 February 2018 by Phil Harris
Innocent Bystander posted:

Maplin were good back in the 70s and 80s, but like so many companies expanded too much (in my view), service declined, stock shiften more mainstream, and then the eventual failure.

I think that Maplin were onto a very difficult business model to maintain ... originally they were an electronic components stockist and were an amazing source for all those bits that you needed to fix things or make things but as society became less into "fixing" and more into "replacing" as technology and progress accelerated and less into "tinkering" and building then their customer base dried up.

I think they made a valient attempt to evolve the business but computer parts are replaced so quickly and margins are so low unless you buy large stocks that then sit on shelves and become outdated then you simply can't compete with an online warehouse. Electric kiddie cars and the accompanying tat just weren't enough to save them... 

I'm really sad to see them go but damn am I amazed that they managed to hang on for so long. :-(

Phil

Posted on: 28 February 2018 by Mike-B
thebigfredc posted:

Its a pity though I liked going in there and ferreting around.

Problem with Maplin ferrets was they did not have any choice,  they only sold the N30 MnZn compound  ..........     

Posted on: 28 February 2018 by antony d

real shame - i purchase my much loved cleaner from them so tried to support them but gulity of the amazon purchase when I purchased couple of switches -