Guest Posted June 25, 2014 Share Posted June 25, 2014 CBI Realised Sales way below predictions: Forecast +25 Actual +4 http://www.cbi.org.uk/media-centre/press-releases/2014/06/falling-clothing-sales-drag-on-high-street-cbi-1/ Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 25, 2014 Share Posted June 25, 2014 Unexpected? Quote Link to comment Share on other sites More sharing options...
Guest Posted June 25, 2014 Share Posted June 25, 2014 Unexpected? I expect so Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 25, 2014 Share Posted June 25, 2014 Can't pay won't pay......deflation bring it on. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2014 Share Posted June 25, 2014 I blame the world cup Quote Link to comment Share on other sites More sharing options...
billybong Posted June 25, 2014 Share Posted June 25, 2014 (edited) It must be the recovery. It's time to introduce some imputed sales of food and imputed sales of clothing figures on herds of sheep and cattle etc - if they haven't already done so. Edited June 25, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted June 25, 2014 Share Posted June 25, 2014 As an aside Land Securities have a aquired a 30% stake in Bluewater shopping centre and surrounding land for close to 700mn cash consideration. Current listed void rate is 5.3%. This increases exposure to SE but reported that they see strong rental growth as economy recovers. Initial net yield after expiry of rent free periods is listed as 4.1%. Info from Telegraph articles. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 25, 2014 Share Posted June 25, 2014 Perhaps if houses weren't so expensive, I would be more willing to spend more of my money. Clearly none of TPTB have considered that others may be having similar thoughts. Quote Link to comment Share on other sites More sharing options...
Digsby Posted June 25, 2014 Share Posted June 25, 2014 My partner and I are now spending virtually zero of my wages, and living off of hers only. Last month didn't go too well so mine had to subsidise hers but this month we'll be cutting spending further. All just to try and keep up with HPI. I suspect we are not alone. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 25, 2014 Share Posted June 25, 2014 Clearly we need house prices to go up by another 10% or 20% to get people spending on the high streets. If we can get more expensive houses we'll have equity we can spend on the high street. Simples! Quote Link to comment Share on other sites More sharing options...
cybernoid Posted June 25, 2014 Share Posted June 25, 2014 Clearly we need house prices to go up by another 10% or 20% to get people spending on the high streets. If we can get more expensive houses we'll have equity we can spend on the high street. Simples! This is *actually* what a lot of people think. Quote Link to comment Share on other sites More sharing options...
Digsby Posted June 25, 2014 Share Posted June 25, 2014 This is *actually* what a lot of people think. Frightening isn't it. The forum member seriously asking me whether house prices go up forever probably thinks it (no offence). We need to pay our footballers more, then they will spend more into the economy and the wealth will trickle down to us all. We also need things to break more so the economy can grow through the need to replace them. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted June 25, 2014 Share Posted June 25, 2014 The credit impulse from FLS/HtB appears to have fully worked its way through the economy. A much weaker H2 2014 GDP print looks inevitable. There's much less reason to expect a rate rise before the GE. The UK is in serious trouble. Quote Link to comment Share on other sites More sharing options...
Quicken Posted June 25, 2014 Share Posted June 25, 2014 My partner and I are now spending virtually zero of my wages, and living off of hers only. Last month didn't go too well so mine had to subsidise hers but this month we'll be cutting spending further. All just to try and keep up with HPI. I suspect we are not alone. That'll be the fabled HPI 'wealth effect' in action there. Unexpected, of course. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 25, 2014 Share Posted June 25, 2014 Time to keep an hourly watch on hotukdeals. I could do with some new waterproof shoes for the winter. Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 25, 2014 Share Posted June 25, 2014 Time to keep an hourly watch on hotukdeals. I could do with some new waterproof shoes for the winter. Tab and hover. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted June 25, 2014 Share Posted June 25, 2014 I blame the world cup http://www.telegraph.co.uk/finance/economics/10924956/UK-retail-sales-grind-to-near-halt-in-June-says-CBI.html Telegraph doing so already 'Figures released by the Confederation of Business Industry suggest sales have not been helped by the World Cup' Quote Link to comment Share on other sites More sharing options...
Digsby Posted June 25, 2014 Share Posted June 25, 2014 One more anecdote - at the company I work for, an on-line retailer, we have seen sales volumes increase but the margins are disappearing. The only way we've managed to stay above water over the last year is through expansion into Europe. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 25, 2014 Share Posted June 25, 2014 The upmarket online travel agency I am currently working for has seen negative growth this year for the first time in 10 years. he again it could be my presence he number of conversions are down, so is general search traffic for luxury hotels. The website is ranking as well as it always did though. Google trends can reveal a lot, often laughed at around these parts, but it does tell a truer story than you will get from most 'statistics'. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 25, 2014 Share Posted June 25, 2014 Easy to fix....increase the population, everyone needs to eat and wear clothing.....why, we all require a roof over our heads, housing is a necessity and expensive....more people = greater growth. Quote Link to comment Share on other sites More sharing options...
Blod Posted June 25, 2014 Share Posted June 25, 2014 Easy to fix....increase the population, everyone needs to eat and wear clothing.....why, we all require a roof over our heads, housing is a necessity and expensive....more people = greater growth. That's the way NuLiebour did it. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 25, 2014 Share Posted June 25, 2014 (edited) That's why GDP/Capita is a far more appropriate figure compared to GDP. GDP/Capita shows how far down the average living standards table the UK is compared to other countries. Well down in other words. Edited June 25, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted June 26, 2014 Share Posted June 26, 2014 That's why GDP/Capita is a far more appropriate figure compared to GDP. GDP/Capita shows how far down the average living standards table the UK is compared to other countries. Well down in other words. http://www.tradingeconomics.com/united-kingdom/gdp-per-capita Hasn't really shifted in a decade. Quote Link to comment Share on other sites More sharing options...
Starla Posted June 26, 2014 Share Posted June 26, 2014 My partner and I are now spending virtually zero of my wages, and living off of hers only. Last month didn't go too well so mine had to subsidise hers but this month we'll be cutting spending further. All just to try and keep up with HPI. I suspect we are not alone. You're not alone. If there's one thing rampant HPI has taught me, it's how to save and not spend in the high street. Or rather how to spend in a different way. I never shop retail for clothes, shoes etc and everything is Ebay or discounted online. So ironically my gear is way better than I had before for about 20% of the retail price. So if you're not spending a significant % of your wages into servicing a fat mortgage debt, you're saving it all instead to keep up with HPI - what a brilliant non-boost to the economy. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 26, 2014 Share Posted June 26, 2014 Easy to fix....increase the population, everyone needs to eat and wear clothing.....why, we all require a roof over our heads, housing is a necessity and expensive....more people = greater growth. That works up to the point the county becomes a hell hole, the social security system collapses and people leave in droves. Nothing lasts forever. Quote Link to comment Share on other sites More sharing options...
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