DS Forums

 
 

Next retailer to issue profit warning sending a chill around the city


Reply
Thread Tools Search this Thread
Old 04-01-2017, 14:39
bluewomble88
Forum Member
 
Join Date: Apr 2009
Posts: 1,098
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.
And maybe the penny will drop in 3.....2.....1.....

bluewomble88 is offline   Reply With Quote
Please sign in or register to remove this advertisement.
Old 04-01-2017, 14:41
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
And maybe the penny will drop in 3.....2.....1.....

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.
moox is offline   Reply With Quote
Old 04-01-2017, 14:44
bluewomble88
Forum Member
 
Join Date: Apr 2009
Posts: 1,098
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.
And maybe they will fail because their business model is obsolete, just like the other retailers I listed.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?!
bluewomble88 is offline   Reply With Quote
Old 04-01-2017, 14:48
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
And maybe they will fail because their business model is obsolete, just like the other retailers I listed.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?!
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".
moox is offline   Reply With Quote
Old 04-01-2017, 14:50
bluewomble88
Forum Member
 
Join Date: Apr 2009
Posts: 1,098
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".
So what was to blame when businesses previously went to the wall in 2008/9?
bluewomble88 is offline   Reply With Quote
Old 04-01-2017, 14:52
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
So what was to blame when businesses previously went to the wall in 2008/9?
Not Brexit, because it didn't exist then. But we're entering an age where it does exist, and will soon be a huge challenge to British business - so it could become a cause of death.

Are you getting it yet?
moox is offline   Reply With Quote
Old 04-01-2017, 14:52
Annsyre
Forum Member
 
Join Date: Jun 2003
Posts: 97,109
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.
I like Wilkos I have been using it since Woolworths closed. They sell many things that I buy on a regular basis such as my dog food and they deliver.

The Woolwlorth employees were treated abominably.
Annsyre is offline   Reply With Quote
Old 04-01-2017, 14:58
trevgo
Forum Member
 
Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
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
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.
trevgo is offline   Reply With Quote
Old 04-01-2017, 15:04
Emyj74
Forum Member
 
Join Date: Aug 2013
Posts: 590
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.
But Next's current issues do not seem to be down to brexit though. This thread seems to be Next are struggling so must be down to Brexit.
Emyj74 is offline   Reply With Quote
Old 04-01-2017, 15:16
CSJB
Forum Member
 
Join Date: Mar 2013
Posts: 4,030
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.
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.
CSJB is offline   Reply With Quote
Old 04-01-2017, 15:26
Hilary22cat
Forum Member
 
Join Date: Mar 2006
Posts: 1,019
Where do you shop instead?
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.
Hilary22cat is offline   Reply With Quote
Old 04-01-2017, 15:33
Hilary22cat
Forum Member
 
Join Date: Mar 2006
Posts: 1,019
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.
Me too. Got more clients waiting now than for years, well, since 2008 anyway. Havent had such a busy Jan in particular in 20 years. I usually spend the month doing stuff for myself and pondering the tax return. Yesterday i saw 3 new clients and another booked for Sat.
Hilary22cat is offline   Reply With Quote
Old 04-01-2017, 15:33
fefster
Forum Member
 
Join Date: Sep 2010
Posts: 5,840
Next has been struggling for a while now as far as I was aware.
fefster is offline   Reply With Quote
Old 04-01-2017, 15:39
Charnham
Forum Member
 
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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.
Charnham is offline   Reply With Quote
Old 04-01-2017, 16:19
Hilary22cat
Forum Member
 
Join Date: Mar 2006
Posts: 1,019
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.
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.
Hilary22cat is offline   Reply With Quote
Old 04-01-2017, 16:30
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,469
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.
Superdry I believe are British.
andykn is offline   Reply With Quote
Old 04-01-2017, 16:35
Charnham
Forum Member
 
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
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.
I do see where you are coming from, but I dont know, that seems like texture could be a problem on one side at least, but a zip is a bit more classy than velcro.
Charnham is offline   Reply With Quote
Old 04-01-2017, 16:42
Sues
Forum Member
 
Join Date: Aug 2006
Posts: 1,196
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.
Department store retailer John Lewis unveiled a 36% year-on-year sales increase in the week before Christmas.
Sues is offline   Reply With Quote
Old 04-01-2017, 17:15
Annsyre
Forum Member
 
Join Date: Jun 2003
Posts: 97,109
Department store retailer John Lewis unveiled a 36% year-on-year sales increase in the week before Christmas.
Nice big bonuses for the partners who worked so hard to earn them.
Annsyre is offline   Reply With Quote
Old 04-01-2017, 17:22
trevgo
Forum Member
 
Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
Department store retailer John Lewis unveiled a 36% year-on-year sales increase in the week before Christmas.
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.
trevgo is offline   Reply With Quote
Old 04-01-2017, 17:26
trevgo
Forum Member
 
Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
.
My business is booming, as is nearly every other business i deal with, maybe the problem is just localised to trevgo land.
"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.
trevgo is offline   Reply With Quote
Old 04-01-2017, 17:30
Sues
Forum Member
 
Join Date: Aug 2006
Posts: 1,196
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.
https://www.retail-week.com/companies/john-lewis
Sues is offline   Reply With Quote
Old 04-01-2017, 17:32
bluewomble88
Forum Member
 
Join Date: Apr 2009
Posts: 1,098
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.
https://www.johnlewispartnership.co....mber-2016.html

You're welcome.

"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.
Maybe the problem isn't Brexit at all. Maybe it's the line of work you're in? You can't flog Betamax tapes forever.
bluewomble88 is offline   Reply With Quote
Old 04-01-2017, 17:44
CSJB
Forum Member
 
Join Date: Mar 2013
Posts: 4,030
"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.
I'm a manufacturer myself, I have already put my prices up 8% without any reduction in sales.
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.
CSJB is offline   Reply With Quote
Old 04-01-2017, 17:55
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
You can't flog Betamax tapes forever.
Given how backward Brexiters want the country and everyone else to be, Betamax is too new for them anyway

Wax cylinder seems to be where they want us to be.
moox is offline   Reply With Quote
 
Reply




 
Forum Jump


All times are GMT. The time now is 05:41.