Fairyland Posted January 18, 2016 Share Posted January 18, 2016 We've hit peak home furnishings, says Ikea boss Link: http://www.theguardian.com/business/2016/jan/18/weve-hit-peak-home-furnishings-says-ikea-boss-consumerism Quote Link to comment Share on other sites More sharing options...
Fairyland Posted January 18, 2016 Author Share Posted January 18, 2016 Mortgage/rent takes most of the disposable income. People don't have spare cash for home improvements. FTB doer/upper kind of homes are brought by BTLers/builders so IKEA sales have probably seen a dip. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 18, 2016 Share Posted January 18, 2016 It sounds like they're about to announce closures and job losses especially if they're going into repairing furniture in the name of conservation. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 18, 2016 Share Posted January 18, 2016 (edited) Hardly surprising when fewer households are being created, normal working people have less disposable income and think twice before buying, less space to store it.....good furniture lasts for years and is recycled and passed down through families........masses of stuff already in storage and is dripped fed into the market....kitchen and homeware can be picked up used and good to go very cheaply. So much more can be reused, recycled and repaired......good for money management, good for the environment....waste not want not. Excess stuff will take time to feed through.....new does not always mean better. Edited January 18, 2016 by winkie Quote Link to comment Share on other sites More sharing options...
reddog Posted January 18, 2016 Share Posted January 18, 2016 (edited) It's amazing how empty houses were in say the 1970s, relative to now. Don't want to sound like an old hippy, but your possessions can really take over your life. Personally I try to spend my cash in experiences rather than possessions. Though even I seem to accumulate way too much complete rubbish. Edited January 18, 2016 by reddog Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 18, 2016 Share Posted January 18, 2016 It's amazing how empty houses were in say the 1970s, relative to now. Don't want to sound like an old hippy, but your possessions can really take over your life. Personally I try to spend my cash in experiences rather than possessions. Though even I seem to accumulate away too much complete rubbish. A bit of both, because minimalism is catching on too. Totally agree with you experiences over stuff...the skips, tips and charity shops are overflowing with crap. And the global economy keeps pumping out the crap but like oil the storage is full. Quote Link to comment Share on other sites More sharing options...
Fairyland Posted January 18, 2016 Author Share Posted January 18, 2016 (edited) I love minimalism so I am not contributing In IKEA profits. 70% of my friends are in the process of being minimalists. Even if I need something I prefer to call a local craftsmen and get it made. I think it directly benefits the person as against corporations where most of the money is gobbled by the fat management layer. Edited January 18, 2016 by Fairyland Quote Link to comment Share on other sites More sharing options...
Guest Posted January 18, 2016 Share Posted January 18, 2016 Well until I can afford a flat, I won't be buying any bookshelves. Ikea and Homebase should be praying that the next generation of potential customers find a way onto the housing ladder sharpish. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted January 18, 2016 Share Posted January 18, 2016 (edited) I only go to Ikea for the Swedish food. I'm a renter - I own a couple of futons, a cheap sofa, a few chairs, a few white goods - that's it. Never going to buy a property in the UK (leaving the country this year) so will never buy anything but gingerbread biscuits and sausages in Ikea. It would be interesting if they did a survey of the average shopper age in Ikea - I bet it's late 40s plus. Edited January 18, 2016 by canbuywontbuy Quote Link to comment Share on other sites More sharing options...
The Preacherman Posted January 18, 2016 Share Posted January 18, 2016 Peak twigs in vases? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted January 18, 2016 Share Posted January 18, 2016 Ikea car park in Lakeside was very busy at the weekend. Anyway it used to be exciting going to Ikea. personally their low end stuff ain't great. Had a wardrobe fall to bits ( the piece was preassembled). parents had some really decent desks still going after 10years. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 18, 2016 Share Posted January 18, 2016 How long is furniture meant to last? Replace when it can't be repaired. We are going to replace some of our bedroom furniture that's had it, although that's lasted well over a decade and was cheap crap. Going for solid wood this time I think so that should last a good few decades. Quote Link to comment Share on other sites More sharing options...
200p Posted January 18, 2016 Share Posted January 18, 2016 PEAK FURNITURE IS B*LLSHIT. BUY BUY BUY! Quote Link to comment Share on other sites More sharing options...
Bear Hug Posted January 18, 2016 Share Posted January 18, 2016 Agree with others - no point getting expensive (and heavy!) furniture if you end up moving every year. Not sure I'll ever buy a new wardrobe or table now, they are often very cheap used online as people are just happy for someone to remove them. Plus if I end up moving soon again (and it happens to be too small or furnished), I wouldn't feel bad about donating the whole lot to charity (or skip?). Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted January 18, 2016 Share Posted January 18, 2016 It's quite clear that they need to take a lesson fromt he car industry and offer credit to anyone at the checkout. That will boost sales! Although i'm kidding, some small part of me really beleives that within a decade most people will be paying for their daily goods using credit. Perhaps they are with credit cards? Maybe BOE an Cameron should start funding for credit cards and get people borrowing huge amounts on cards at 0% interest rates? Quote Link to comment Share on other sites More sharing options...
200p Posted January 19, 2016 Share Posted January 19, 2016 (edited) We're using a table and a wardrobe passed down from grand parents..... still going strong. If The Great Bruun (TGB) was still in charge, he'd bring in a Furniture Scrappage scheme to bring forward demand! Image from http://www.pistonheads.com/gassing/topic.asp?h=3&f=23&t=1182349 Edited January 19, 2016 by 200p Quote Link to comment Share on other sites More sharing options...
Tresbon Posted January 19, 2016 Share Posted January 19, 2016 Recently moved in with Miss Tresbon and my folks happened to be wanting to get rid of the wardrobes they got as a wedding present 45 years ago. They are now doing a splendid job in our spare bedroom and am sure will see their own 50th and beyond. My now redundant sofa, table, bed frame and George Foreman have all been re-homed with 40 somethings still renting and not wanting to spend sod all on furniture and house hold goods if possible. I can only see this becoming more popular and acceptable. I'd rented 20 years and everything I owned was either acquired over time or bought 2nd hand at a pittance. The more people who stop playing the game, the better. Quote Link to comment Share on other sites More sharing options...
R K Posted January 19, 2016 Share Posted January 19, 2016 Mortgage/rent takes most of the disposable income. People don't have spare cash for home improvements. FTB doer/upper kind of homes are brought by BTLers/builders so IKEA sales have probably seen a dip. Mortgage repayments are more or less at cyclical lows as % household income Quote Link to comment Share on other sites More sharing options...
thewig Posted January 19, 2016 Share Posted January 19, 2016 Mortgage repayments are more or less at cyclical lows as % household income Does that take into account the amount of interest only mortgages (and therefore zero repayments)? Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 19, 2016 Share Posted January 19, 2016 Declutter your home, get rid of furniture, add 000s to the value of your home. I'm sure this one is at play in the conscience of Brits today. http://hoa.org.uk/advice/guides-for-homeowners/i-am-selling/top-tips-how-to-make-your-home-more-saleable-and-valuable/ I think we cherish what is expensive and hate anything cheap. 1970; Cantors three piece suite £300, house £6,000....ratio of suite to house price.......................20:1 2016 British Heart Foundation suite £100, house 240,000 ratio of suite to house price.............2,400:1 Quote Link to comment Share on other sites More sharing options...
PaulParanoia Posted January 19, 2016 Share Posted January 19, 2016 It's quite clear that they need to take a lesson fromt he car industry and offer credit to anyone at the checkout. That will boost sales! Although i'm kidding, some small part of me really beleives that within a decade most people will be paying for their daily goods using credit. Perhaps they are with credit cards? Maybe BOE an Cameron should start funding for credit cards and get people borrowing huge amounts on cards at 0% interest rates? Funny you should say that, I had an email from Amazon saying that they would now be offering me credit at checkout for orders over £400. http://www.techtimes.com/articles/121602/20160106/amazon-uk-offering-installment-plans-with-amazon-pay-monthly-option-at-checkout.htm Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted January 19, 2016 Share Posted January 19, 2016 Before Xmas there was a TV ad for some furniture place. They were offering 3 years 0% on a £249 sideboard. Of you need credit for £249 I'm thinking a new sideboard should be well down the expenditure list. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 19, 2016 Share Posted January 19, 2016 Lol. Credit for £249? As you say, a sideboard probably shouldn't be the priority if you don't have £249 in cash to spend. Quote Link to comment Share on other sites More sharing options...
juvenal Posted January 19, 2016 Share Posted January 19, 2016 Winkie! Cue video of Chas n' Dave Sideboard Song, please! Quote Link to comment Share on other sites More sharing options...
billybong Posted January 19, 2016 Share Posted January 19, 2016 (edited) . Edited January 19, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
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