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Next retailer to issue profit warning sending a chill around the city |
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#76 |
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Join Date: Apr 2009
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Well... no. Because they didn't go bust after the referendum, due to issues caused by our decision to leave.
Pretty obvious if you think about it.
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#77 |
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Join Date: Oct 2004
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And maybe the penny will drop in 3.....2.....1.....
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#78 |
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Join Date: Apr 2009
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Well the pound has certainly dropped considerably since that referendum, which will place pressures on UK PLC. So maybe we will see some business failures as a result of Brexit.
Like I said, whenever a business hits hard times from now on, it'll always be because of Brexit won't it?! |
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#79 |
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Join Date: Oct 2004
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And maybe they will fail because their business model is obsolete, just like the other retailers I listed. My point was obvious but you clearly couldn't see that so I'll spell it out - businesses failed over the years even though we were in the EU. They will continue to fail if we remain or if we leave. That's why it's called business.
Like I said, whenever a business hits hard times from now on, it'll always be because of Brexit won't it?! Or, as someone once put it, "Brexit means brexit".
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#80 |
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Join Date: Apr 2009
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I know what you were trying to say. I'm deliberately ignoring it because it is pretty obvious that Brexit is going to be a huge problem for British business, and yes, if a business goes bust because of a recession / increase in costs due to Brexit, then Brexit should be blamed.
Or, as someone once put it, "Brexit means brexit". ![]() |
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#81 |
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Join Date: Oct 2004
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So what was to blame when businesses previously went to the wall in 2008/9?
Are you getting it yet? |
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#82 |
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Join Date: Jun 2003
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My mum worked for Woolworths. They went down the tubes because they stopped selling what worked for them: sweets, crockery and school clothes etc. and went big into electronics and entertainment when the market was falling out for them. What made it worse for them they didn't have the items such as TVs in stock and customers were told they had to wait for the tvs to be ordered. They went elsewhere.
Wilkinsons are doing what Woolworths did before they fatally changed and are doing well. The director who instigated the fatal error got a golden handshake whilst the employees lost their redundancies and part of their pensions. The Woolwlorth employees were treated abominably. |
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#83 |
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Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
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Prediction: whenever a retailer falls on hard times, the Remoaners will blame Brexit.
Jessops, Allied carpets, Mosaic, Land of Leather, Zavvi, Woolworths, The Officers Club, MFI - all experienced difficulties when we voted to leave the EU. Right? Riiiiigghht? This place is hilarious ![]() And if you think you will be able to duck this when more businesses are folding, and people are losing their jobs, you have another think coming. My second largest customer is just about to go into liquidation. They account for 5% of my sales ledger. Dealt with them for 30 years - big, modern manufacturing company in the Midlands. Their orderbook has collapsed since June and costs have overtaken them. Not only costing me many thousands of pounds, but a significant proportion of my business. Still, the armchair pronouncers will know far more about it than I, needless to say. |
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#84 |
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Join Date: Aug 2013
Posts: 590
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We're not talking about times past, we're talking about now.
And if you think you will be able to duck this when more businesses are folding, and people are losing their jobs, you have another think coming. My second largest customer is just about to go into liquidation. They account for 5% of my sales ledger. Dealt with them for 30 years - big, modern manufacturing company in the Midlands. Their orderbook has collapsed since June and costs have overtaken them. Not only costing me many thousands of pounds, but a significant proportion of my business. Still, the armchair pronouncers will know far more about it than I, needless to say. |
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#85 |
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Join Date: Mar 2013
Posts: 4,030
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We're not talking about times past, we're talking about now.
And if you think you will be able to duck this when more businesses are folding, and people are losing their jobs, you have another think coming. My second largest customer is just about to go into liquidation. They account for 5% of my sales ledger. Dealt with them for 30 years - big, modern manufacturing company in the Midlands. Their orderbook has collapsed since June and costs have overtaken them. Not only costing me many thousands of pounds, but a significant proportion of my business. Still, the armchair pronouncers will know far more about it than I, needless to say. My business is booming, as is nearly every other business i deal with, maybe the problem is just localised to trevgo land. |
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#86 |
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Join Date: Mar 2006
Posts: 1,019
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Where do you shop instead?
The Japanese seem to be surviving the post-Brexit apocalypse well. |
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#87 |
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Join Date: Mar 2006
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It's strange that with all these job losses, we are currently experiencing the lowest unemployment rate for more than a decade.
My business is booming, as is nearly every other business i deal with, maybe the problem is just localised to trevgo land. |
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#88 |
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Join Date: Sep 2010
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Next has been struggling for a while now as far as I was aware.
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#89 |
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Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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Next and others mens retailers, would be wise to start putting zips on mens trousers, someone decided that blokes want to open 3 buttons when they need to pee, I cant fathom any bloke has ever thought that the zip arrangement was too easy, and needed to be made more challenging.
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#90 |
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Join Date: Mar 2006
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Next and others mens retailers, would be wise to start putting zips on mens trousers, someone decided that blokes want to open 3 buttons when they need to pee, I cant fathom any bloke has ever thought that the zip arrangement was too easy, and needed to be made more challenging.
Perhaps Next should consider it. |
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#91 |
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Join Date: Jan 2003
Location: London SW6
Posts: 37,469
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This year - Uniqlo, interestingly, for myself and daughter and SuperDry for the 20/30 year old boys in the family.
The Japanese seem to be surviving the post-Brexit apocalypse well. |
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#92 |
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Join Date: Nov 2003
Location: nr Peterborough, England
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Lol...not in the slightest qualified to comment other than to say that, having raised sons, i always wondered why Velcro didnt catch on, so to speak. Easy, quick access and zero chance of injury.
Perhaps Next should consider it. |
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#93 |
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Join Date: Aug 2006
Posts: 1,196
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Really?
We'll see what happens when the other retailers report. Perhaps they've all been "lazy". What nonsense. Next are one of the sharpest operators on the block. One of very, very few who were in favour of Brexit, ironically. |
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#94 |
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Join Date: Jun 2003
Posts: 97,109
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Quote:
Department store retailer John Lewis unveiled a 36% year-on-year sales increase in the week before Christmas.
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#95 |
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Join Date: Apr 2009
Location: Leafy London
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Department store retailer John Lewis unveiled a 36% year-on-year sales increase in the week before Christmas.
First I've heard of it. The last I heard from JL (other than the ex CEO running for Birmingham mayor) was that they are not opening ANY more stores in the UK. |
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#96 |
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Join Date: Apr 2009
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Quote:
.
My business is booming, as is nearly every other business i deal with, maybe the problem is just localised to trevgo land. Every single one of my customers is either a manufacturing engineering company of some type, or another distributor in the supply chain. Nothing special whatsoever. I'd say 30-40% of my customers say they are busy, with the rest either quiet, or desperately quiet. Or toppling into liquidation in the previous case I referred to. And my competitors are quiet too. As most of what we sell is going to have to go up in price by anything from 5 to 15%, I'm not remotely confident. |
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#97 |
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Join Date: Aug 2006
Posts: 1,196
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Quote:
Link?
First I've heard of it. The last I heard from JL (other than the ex CEO running for Birmingham mayor) was that they are not opening ANY more stores in the UK. |
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#98 |
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Join Date: Apr 2009
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Link?
First I've heard of it. The last I heard from JL (other than the ex CEO running for Birmingham mayor) was that they are not opening ANY more stores in the UK. You're welcome. Quote:
"Business" means nothing. Covers everything from diamond mining to ice cream vending.
Every single one of my customers is either a manufacturing engineering company of some type, or another distributor in the supply chain. Nothing special whatsoever. I'd say 30-40% of my customers say they are busy, with the rest either quiet, or desperately quiet. Or toppling into liquidation in the previous case I referred to. And my competitors are quiet too. As most of what we sell is going to have to go up in price by anything from 5 to 15%, I'm not remotely confident. |
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#99 |
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Join Date: Mar 2013
Posts: 4,030
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Quote:
"Business" means nothing. Covers everything from diamond mining to ice cream vending.
Every single one of my customers is either a manufacturing engineering company of some type, or another distributor in the supply chain. Nothing special whatsoever. I'd say 30-40% of my customers say they are busy, with the rest either quiet, or desperately quiet. Or toppling into liquidation in the previous case I referred to. And my competitors are quiet too. As most of what we sell is going to have to go up in price by anything from 5 to 15%, I'm not remotely confident. The manufacturing sector is on the up, just because you have somehow managed to buck the trend it doesn't mean it's dark and gloomy for everybody else. |
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#100 |
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Forum Member
Join Date: Oct 2004
Posts: 14,633
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Quote:
You can't flog Betamax tapes forever.
![]() Wax cylinder seems to be where they want us to be. |
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