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FedupTeddiBear

The Idiocy Extends Beyond The Houses…

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Its not only housing VI’s who refuse to accept that people are no longer prepared to pay ridiculous prices, it’s also those dim-witted retail giants. But then, they are very likely the same people.

Because many retailers refuse to acknowledge that people are jittery about the value of their homes after all the MEWing and huge credit card debts, they won’t see that people simply will no longer carry on spending wildly on their ridiculously overpriced goods. It would take a lot to convince me that inflation in high street fashion stores has remained below 2%p.a. Many would-be customers are also young people who are mortgaged up to the eyeballs for their new matchbox, or are furiously saving hopeful FTBers!

The big cheeses in these giant retail companies earn several million a year each and the mark-up on goods is often over 800% of the cost price, but greed makes it unthinkable to risk their multimillion profits by lowering prices to what people are prepared to pay.

I recently heard that the owner of a group of several “different” clothing stores (yes, they ARE all the same shop, just as you suspected!) spent over £4 million on his son’s birthday party!

Dare we ask what high street retailers pay their shop assistants or worse, what the factories who make the goods pay their workers??

I wonder what a CEO of the ever-struggling M&S takes home to his multitude of houses each year?

It is because of these people that the “average salary” value of £28K so commonly used is about 10K higher than the median salary in the UK, above and below which 50% of the population earns.

There have been many reports about how profits on supermarket-sold clothing, Primark, charity shops and Ebay have been increasing. After all, who is prepared to pay £60 for an item that will soon be forgotten when you can buy an almost identical one elsewhere for £8?

At a time when other retailers are trying desperately to halt tumbling profits……the value end of the market is growing faster than ever before, now accounting for 20 per cent of all sales with labels such as Florence and Fred and Cherokee at Tesco, and George at Asda taking business away from long established retailers such as M&S and Next.

News.Scotsman

Fashion.Telegraph

Not all retailers have been suffering the results of “The Bad Weather”…

Yet, as are The Greedy in the housing market, The Greedy on the high street refuse to admit and/or are too thick to realise that they are pricing themselves towards destruction.

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Its not only housing VI’s who refuse to accept that people are no longer prepared to pay ridiculous prices, it’s also those dim-witted retail giants. But then, they are very likely the same people.

Because many retailers refuse to acknowledge that people are jittery about the value of their homes after all the MEWing and huge credit card debts, they won’t see that people simply will no longer carry on spending wildly on their ridiculously overpriced goods. It would take a lot to convince me that inflation in high street fashion stores has remained below 2%p.a. Many would-be customers are also young people who are mortgaged up to the eyeballs for their new matchbox, or are furiously saving hopeful FTBers!

The big cheeses in these giant retail companies earn several million a year each and the mark-up on goods is often over 800% of the cost price, but greed makes it unthinkable to risk their multimillion profits by lowering prices to what people are prepared to pay.

I recently heard that the owner of a group of several “different” clothing stores (yes, they ARE all the same shop, just as you suspected!) spent over £4 million on his son’s birthday party!

Dare we ask what high street retailers pay their shop assistants or worse, what the factories who make the goods pay their workers??

I wonder what a CEO of the ever-struggling M&S takes home to his multitude of houses each year?

It is because of these people that the “average salary” value of £28K so commonly used is about 10K higher than the median salary in the UK, above and below which 50% of the population earns.

There have been many reports about how profits on supermarket-sold clothing, Primark, charity shops and Ebay have been increasing. After all, who is prepared to pay £60 for an item that will soon be forgotten when you can buy an almost identical one elsewhere for £8?

News.Scotsman

Fashion.Telegraph

Not all retailers have been suffering the results of “The Bad Weather”…

Yet, as are The Greedy in the housing market, The Greedy on the high street refuse to admit and/or are too thick to realise that they are pricing themselves towards destruction.

A fool and his money will soon be parted.

We are the fools who give our hard earned for this crap.

I have said many times on this forum, don't buy from supermarkets, I get called a yellow belly tree-hugger.

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the CEO's of these retail outfits couldn't geve a monkey's really.....the profit squeez will be most painfully felt by the guys at the bottom getting laid off.THE SHAREHOLDERS/BONDHOLDERS are the ones that will demand action to maintain profit margins....and with less sales,you need less staff to sell goods and less stores to sell them in,that's the basics.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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