Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted November 21, 2005 Share Posted November 21, 2005 "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." Quote Link to comment Share on other sites More sharing options...
Guest Time 2 raise Interest Rates Posted November 21, 2005 Share Posted November 21, 2005 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." Quote Link to comment Share on other sites More sharing options...
dogbox Posted November 21, 2005 Share Posted November 21, 2005 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 Quote Link to comment Share on other sites More sharing options...
Guest Time 2 raise Interest Rates Posted November 21, 2005 Share Posted November 21, 2005 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. Quote Link to comment Share on other sites More sharing options...
shermanator Posted November 21, 2005 Share Posted November 21, 2005 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. Quote Link to comment Share on other sites More sharing options...
Guest Time 2 raise Interest Rates Posted November 21, 2005 Share Posted November 21, 2005 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. Quote Link to comment Share on other sites More sharing options...
Neilr9 Posted November 21, 2005 Share Posted November 21, 2005 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 Quote Link to comment Share on other sites More sharing options...
van hoogstraten Posted November 21, 2005 Share Posted November 21, 2005 But are you spending every penny you earn and borrowing on top of this as well - according to the "new" economic paradigm this is the only way the economy will prosper. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted November 21, 2005 Share Posted November 21, 2005 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. Quote Link to comment Share on other sites More sharing options...
oracle Posted November 21, 2005 Share Posted November 21, 2005 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! Quote Link to comment Share on other sites More sharing options...
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