Jump to content
House Price Crash Forum
Sign in to follow this  
Ash4781

Dire Retail Figures

Recommended Posts

Limits have been hit. Without wage rises inflation kills the economy.

They'll print in the next 6 months. It won't help but they will anyway.

Without debt expansion the economy is dead. People can't MEW, people don't spend.

The entire economy has been a huge junkie needing it's fix of debt to grow. The catch 22 is that even with wage rises inflation kills the economy because prices just keep going up.

We need stable purchasing power, luckily this isn't supported by any central banker.

Share this post


Link to post
Share on other sites

Without debt expansion the economy is dead. People can't MEW, people don't spend.

The entire economy has been a huge junkie needing it's fix of debt to grow. The catch 22 is that even with wage rises inflation kills the economy because prices just keep going up.

We need stable purchasing power, luckily this isn't supported by any central banker.

They'll print in an attempt to prove you wrong.

Share this post


Link to post
Share on other sites

Limits have been hit. Without wage rises inflation kills the economy.

They'll continue print in the next 6 months and for the rest of the century. It won't help but they will anyway.

Edited for accuracy.

Share this post


Link to post
Share on other sites
New Look Profits Slump After Prices Drift Up

Fashion chain New Look has revealed a large drop in profits as it sets out to regain its budget image.

The chain said annual profits fell by 40% in the year to March 26, as sales dropped by 7.1%.

Like-for-like sales, which exclude new store openings or store closures, fell by 5.5% in the year to March.

Total sales declined 0.2% to £1.46bn.

New Look added that figures had been hit as prices "had been allowed to drift upwards".

Executive chairman Alistair McGeorge said the business had suffered "significant internal disruption" as it relocated key teams including the buying department from Weymouth to London.

He said: "Clearly these are disappointing results, reflecting a business that was suffering significant internal disruption against the backdrop of a harsh and deteriorating consumer economy."

Mr McGeorge joined New Look in April after both chief executive Carl McPhail and chairman John Gildersleeve resigned abruptly in March following a poor trading update.

He added that its management had begun overhauling the business to return it to sustainable growth.

"This is a business with a strong brand and fantastic people and we are confident that we have put in place the right first steps to ensure New Look is returned to sustainable growth," he said.

Sales at New Look's international stores which have been open for at least a year were up 0.5%, after a 2.4% rise at the half-year.

Clothing retailers are struggling to pass on the soaring costs of raw materials such as cotton to cash-strapped shoppers.

Budget chains like New Look, Primark and H&M have been particularly hard hit, because raw materials make up a higher proportion of prices for their products.

But Merv said this type of inflation is OK?

Share this post


Link to post
Share on other sites

Without debt expansion the economy is dead. People can't MEW, people don't spend.

The entire economy has been a huge junkie needing it's fix of debt to grow. The catch 22 is that even with wage rises inflation kills the economy because prices just keep going up.

We need stable purchasing power, luckily this isn't supported by any central banker.

If you print and destroy the value of your currency enough purchasing power, purchasing ability and purchasing intent from pretty much ALL the rest of the population (at least for discretionary, non avoidabe costs).

This is where we are at now thanks to current policies.

Share this post


Link to post
Share on other sites

If you print and destroy the value of your currency enough purchasing power, purchasing ability and purchasing intent from pretty much ALL the rest of the population (at least for discretionary, non avoidabe costs).

This is where we are at now thanks to current policies.

Yup. Even better than that all that stored labour that some people had accrued in order to tide them over in tough times has also been rendered worthless.

All tptb have managed is saving the banks for a while at the cost if EVERYTHING else.

Share this post


Link to post
Share on other sites

From the article quote in Pent Up's post

Clothing retailers are struggling to pass on the soaring costs of raw materials such as cotton to cash-strapped shoppers.

Budget chains like New Look, Primark and H&M have been particularly hard hit, because raw materials make up a higher proportion of prices for their products.

That is such BS! Certainly raw materials make up a higher proportion of prices but that and the wages paid to people who make the clothes are in the order of pence not the pounds that they've been sticking to their price tags. Cotton is not the culprit, other than falling sales there might be pressures from rising rent, the costs of moving to London and what/how much debt the company has instead.

Share this post


Link to post
Share on other sites

From the article quote in Pent Up's post

That is such BS! Certainly raw materials make up a higher proportion of prices but that and the wages paid to people who make the clothes are in the order of pence not the pounds that they've been sticking to their price tags. Cotton is not the culprit, other than falling sales there might be pressures from rising rent, the costs of moving to London and what/how much debt the company has instead.

I think it the cost of raw materials would be pushed up more by their transport costs rather than the actual cost of the material itself. The cost of oil pushes up prices of everything.

Share this post


Link to post
Share on other sites

If you print and destroy the value of your currency enough purchasing power, purchasing ability and purchasing intent from pretty much ALL the rest of the population (at least for discretionary, non avoidabe costs).

This is where we are at now thanks to current policies.

...if you print you wipe out savings, even less money to spend, crash the pound, even higher prices....damned if they do damned if they don't....time for something completely different. ;)

Share this post


Link to post
Share on other sites

...if you print you wipe out savings, even less money to spend, crash the pound, even higher prices....damned if they do damned if they don't....time for something completely different. ;)

A man with 3 buttocks?

Share this post


Link to post
Share on other sites

But Merv said this type of inflation is OK?

The only inflation that bothers Merv is wage inflation for proles.

Share this post


Link to post
Share on other sites

Merv is so stupid. All that high inflation will do is put more people on the dole, which will cost the government more.

Putting up IR's to control inflation will bankrupt the HPI nutters, but the rest of the country will function better then it is at the moment anyway.

This is pathetic by the BOE/Merv/George/Clegg/Cable. WFT do they think they're doing, lol. :o

Share this post


Link to post
Share on other sites

I think it the cost of raw materials would be pushed up more by their transport costs rather than the actual cost of the material itself. The cost of oil pushes up prices of everything.

That is a very good point.

Share this post


Link to post
Share on other sites

This is pathetic by the BOE/Merv/George/Clegg/Cable. WFT do they think they're doing, lol. :o

They are protecting their own interests and those of the elite. Extremely successfully.

Share this post


Link to post
Share on other sites

Limits have been hit. Without wage rises inflation kills the economy.

They'll print in the next 6 months. It won't help but they will anyway.

Printing isn't and never was designed to help the economy - its function was to bail out the banks from oblivion and help the rich elite at the top become even richer (instead of losing shedloads of their wealth).

Share this post


Link to post
Share on other sites

My last 4 VAT Quarters :

£2918

£2265

£1936

£971

my next one looks around £450. Notice any trend?

Hmm.... I know VAT should be increased to 60% so your next VAT quarter will be about or around the £2900 mark so the government gets its money. ;)

Share this post


Link to post
Share on other sites

Personally I think its because more people are cottoning on that hitec is a rip off, and cheap tat is just crap.

Also, we seem to be at a point in the cycle where there is little game changing kit out at the moment.

CRT --> LCD, VHS --> DVD, WALKMAN --> IPOD = big change, lots of takeup.

Last years version --> This Years Version = little change, low takeup.

Similar to when mobile phones acheived market saturation. Now ipods and their clones are everywhere, anyone who wanted one has a digital camera or 8, and an lcd in every room.

New games consoles - well, the ones we've got failed to live up to expectation and are barely pushed.

They've sold the market. They need to find new products.

Oh - and give us somewhere to park for free...

Share this post


Link to post
Share on other sites

Printing isn't and never was designed to help the economy - its function was to bail out the banks from oblivion and help the rich elite at the top become even richer (instead of losing shedloads of their wealth).

Should have gone straight to the people, direct credit net of debt...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.