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OnlyMe

Comet Profits Down 21.4%

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People not buying high-margin products like fridges.

The BTL economy isn't working or growing..

http://www.ananova.com/business/story/sm_1772389.html?menu=

Hardly a surprise. Most of the landlord supplied "furnishings" - and I lose the word loosely - in our house come from other people's front gardens.

Still Comet - probably the least worst of the high st electrical retailers. Can't ever remember buying anything from them though - except some mispriced blank DVDs perhaps...

Edited by greencat

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I know someone who works as a junior store manager for these people.

He's said to me over a pint that their sales on credit (either instore credit or purchased on credit card) have jumped from about 40% a few years ago (more use of debit cards and cash) to about 80% now.

Seems an early indicator of affordability.

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Have heard they're making cuts in their service & repairs sector.

I put this down to the quality of goods and their built in design life. OK some goods are cheaper and so a replacement is less of a problem, but most others are uneconomical to repair and are simply not worth repairing as many parts int he rest of the equipment are near the end of their life too. Maybe the public is waking up to this.

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  • 336 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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