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gruffydd

Worst Retail Trading For 14 Years And Then........

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"Department store and Waitrose supermarket chain owner John Lewis says the recent cold spell has helped lure shoppers back to the High Street.

The group reported a surge in demand for winter clothing and Christmas gifts as early festive spending was helped along by the drop in temperature.

Sales were up 5.8% on last year in the week to 19 November.

Only two months ago, John Lewis said retail trading conditions were the worst it had seen in 15 years."

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Guest Time 2 raise Interest Rates

Same old bullsh**. When there was half a chance of a rate cut, all

the VIs, retailers, estate agents, the Nationwide and Halifax were

reporting either falling retail sales or falling house prices. Now a rate

cut is out the window suddenly the housing market has picked up,

and so have retail sales. Reminds me of something my old Grandad

used to say "Don't believe all you read, son. Bullsh** baffles brains."

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The group reported a surge in demand Sales were up 5.8% on last year in the week to 19 November.

Only two months ago, John Lewis said retail trading conditions were the worst it had seen in 15 years."

What have I been saying the last few months? Happens every year. Always has, always will.

Love DB

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Guest Time 2 raise Interest Rates

What have I been saying the last few months? Happens every year. Always has, always will.

Love DB

Exactly. And you can bet your life when the dust settles and all

the cra* has been flushed away, interest rates will be on their way

up.

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Do you really, honestly believe that retailers are at the start of another boom period? My eyes are telling me otherwise, family and friends in the fashion trade (one of whom's a buyer for a very large chain) are telling me otherwise, the figures are telling me otherwise, the retail profit warnings are doing likewise.

Good Lord above. If you want to parade a five week period of trading from John Lewis as a sign that all is fine, so be it. Me, I'll wait until the new year reporting season, from GUS, NEXT, DSG and the like.

Still, now everything's fine in the consumer world, you won't be wanting your quarter point rate cut in the new year, will you..........?

BTW, last xmas was a shocker so I'd be interested to know what figures you're working from, when you say it was OK.

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Guest Time 2 raise Interest Rates

What I'm saying is, the VIs, whether it's retailers or building societies,

are just fudging the figures to suit their own means. As I've said

before, when there was a hint that rates may be cut, all the stats were

dire putting pressure on the MPC to cut rates and now a rate cut is

looking very remote, they've got no option than to say everything is

on the up. It's just like Nationwide reporting house prices to fall

beginning of '06. The way I see it, they're just covering their backside

because if retailers have quite a good Christmas and inflation stays

above 2% they know pressure will be on the Bank of England to raise

interest rates. But what a good way to edge their bets by saying

house prices are falling to put pressure on the MPC not to raise rates.

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Hi,

Retailers may be feeling the pinch. However, other sectors are doing well. I work in the IT business and its the most bouyant its been since 2000. Some collegues were recently made redundant (due to merger) and all got job offers within a few weeks. I think it may also be due to the fact that the financial institutions are doing so, and of course public spending; Councils seems to be spending on IT, health service too. Banks and insurance companies are investing too at the moment.

Sorry for the 'bad' news.

Neil

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Guest Charlie The Tramp

Shock horror I stopped off at a Little Chef on Sunday on my way to Norfolk.

All prices slashed and newspapers at half price.

The final bill back to 2001 prices.

Suffice to say they were quite busy.

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Do you really, honestly believe that retailers are at the start of another boom period? My eyes are telling me otherwise, family and friends in the fashion trade (one of whom's a buyer for a very large chain) are telling me otherwise, the figures are telling me otherwise, the retail profit warnings are doing likewise.

Good Lord above. If you want to parade a five week period of trading from John Lewis as a sign that all is fine, so be it. Me, I'll wait until the new year reporting season, from GUS, NEXT, DSG and the like.

...so will I.

but the good news is the figures will be OK!!!!!!!!!

good news?...I hear you say.

yes,Good news!!!!

all the growth is coming from oversaes and from internet-only warehouses....which means less need for staff on the UK high street.......oops,bye bye pc world muppetry sales staff!

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  • 337 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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