Jump to content
House Price Crash Forum
Guest

Retail Sales - Worst Performance Since Nov 13

Recommended Posts

Guest

It's been a poor month for retailers according to the latest research from the Confederation of British Industry (CBI). The survey of 138 firms found the balance of retailers experiencing sales growth in February slid to plus one from plus 39 in January, the lowest reading since November 2013. Retailers also cut the orders they placed with suppliers to a balance of minus seven, the lowest since May 2013.

http://www.bbc.co.uk/news/business-31586949

Edited by Guest

Share this post


Link to post
Share on other sites
Guest

Sales volumes rose particularly strongly for cultural goods and chemists

Yes chemists did well because people had colds.... rather than spending in chemists out of choice or because they were feeling flush. And wtf are cultural goods?

Share this post


Link to post
Share on other sites

DO they take into account the mass immigration that happened between then and now ?

Do any of the sales figure taken poipulation growth into account ?

Maybe no one is buying anything except state funded sub prime government debt.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites
Guest eight

I was in Leeds last week. Plenty of shops. Plenty of punters. **** all worth buying.

Edited by eight

Share this post


Link to post
Share on other sites

I was in Leeds last week. Plenty of shops. Plenty of punters. **** all worth buying.

Yeah same when I visited lakeside. I have never seen so many card shops!

Share this post


Link to post
Share on other sites

Yes chemists did well because people had colds.... rather than spending in chemists out of choice or because they were feeling flush. And wtf are cultural goods?

Cultural goods... maybe opera tickets?

Peterborough Poundland selling 3 x 16 pill packs of Neurofen for £1. Boots Nazis will only let you buy one pack for around £3.

Tesco have a new game similar to their charging suppliers for premium shelf space. Hovis white wine cook in sauce is on the shelf if you visit Tescos (bottom shelf out of sight) but not available on-line even though the items are picked from the shelves by pickers. Also Sheba cat food has all but disappeared (empty shelves) in Huntingdon Tescos. Since the cat won't eat substitutes, I go over to the Poundland/Pet store the other side of the roundabout. The problem is that means a journey to buy cat food that used to be delivered with the other groceries.

Tescos are taking the p*** out of both customers and suppliers - all to pay for their failed land speculation and attempts to corner the market in land for new supermarkets.

Share this post


Link to post
Share on other sites

Yes chemists did well because people had colds.... rather than spending in chemists out of choice or because they were feeling flush. And wtf are cultural goods?

History and archaeology, media, visual and performing arts, sports - that kind of thing.

Share this post


Link to post
Share on other sites

The next move in UK interest rates is down not up. Better believe it. ;)

Won't be long before the banks are paying us to borrow money.

First direct offering 10 year fixes at 2.89%, personal loans at 3.3%, trackers mortgages at 1.79%.

IMO lending money out at zero interest rates will not lead to a sustainable recovery as the resulting money will simply be absorbed by capitalism into higher rents and asset prices and were back at square one. Much like a game of Monopoly with billions of people playing and a handful of people owning all the squares. You can bung as much cash as you like to the players or cut their loan rates, but all the money will end up into the hands of the asset rich.

The systems broken and the closer we get to 0% on all interest rates the closer we are to total financial collapse. Which in reality means rewriting the rules again to make the 99% more inclusive.

Share this post


Link to post
Share on other sites

The next move in UK interest rates is down not up. Better believe it. ;)

Give it a couple of days....

http://uk.reuters.com/article/2015/02/22/uk-global-economy-idUKKBN0LQ07A20150222

"

Fed rate rise timing back in the spotlight"

"U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in policy."

Not sure I can read that without laughing though.

I'll believe it when I see it.

Share this post


Link to post
Share on other sites

interesting post Wurzel...I've for a long time likened things to a monopoly board since i read on this site the origins of the game.

All the squares were occupied a long time ago, we are all just going round and round paying our fees, but will never get anywhere. The people collecting money 600 years ago are the same crowd doing it now.

What they do need to survive is fresh players, fresh blood, fresh loans...otherwise where does new money come from? Unfortunately, the rules of the game are a bit of a closed secret (the new version, 20th century UK) and there is no way you are going to enter this game and win.

To quote a movie "A strange game. The only winning move is not to play."

its for the same reason I dont play the stock market...every winner has a corresponding loser. And the winners need the losers money. I have zero chance playing against people who do this for a living. All I will end up doing is handing my money over.

Edited by madmax2

Share this post


Link to post
Share on other sites

Cultural goods... maybe opera tickets?

Peterborough Poundland selling 3 x 16 pill packs of Neurofen for £1. Boots Nazis will only let you buy one pack for around £3.

Tesco have a new game similar to their charging suppliers for premium shelf space. Hovis white wine cook in sauce is on the shelf if you visit Tescos (bottom shelf out of sight) but not available on-line even though the items are picked from the shelves by pickers. Also Sheba cat food has all but disappeared (empty shelves) in Huntingdon Tescos. Since the cat won't eat substitutes, I go over to the Poundland/Pet store the other side of the roundabout. The problem is that means a journey to buy cat food that used to be delivered with the other groceries.

Tescos are taking the p*** out of both customers and suppliers - all to pay for their failed land speculation and attempts to corner the market in land for new supermarkets.

I think there is a limit of pain killers that they can sell, because they are a chemist and they are regulated by a Pharmacy body - Poundland is exempt. I'm sure if we were more capitalist "freerer", there wouldn't be a limit, and I'm sure like any business, would sell you as many as they could, and people are their own look out if they don't read the pack and overdose.

Share this post


Link to post
Share on other sites

Topping yourself with poundland pills? What a ******ing tradegy. There used to be a time where it was washed down with a fine wine or malt whisky, now its poundland pills and a bottle of tizer (also in poundland)

I went to that big mall in sheffield I dont know why. It was awful I walked from one end to the other, bought nothing. There was nothing that interested me, maybe I am spoiled by the internet and a mall is a day out for someone with no imagination?

Share this post


Link to post
Share on other sites

Topping yourself with poundland pills? What a ******ing tradegy. There used to be a time where it was washed down with a fine wine or malt whisky, now its poundland pills and a bottle of tizer (also in poundland)

I went to that big mall in sheffield I dont know why. It was awful I walked from one end to the other, bought nothing. There was nothing that interested me, maybe I am spoiled by the internet and a mall is a day out for someone with no imagination?

probably your internal BS detector sensing that it's all overpriced tat & shops filled with awful people. The type of people that moan that UK weather is crap, but then spend a beautiful summers day shopping for clothes indoors.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   204 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.