Its all going very bad

Graham_Devon

Really2 wrote: »

I thought it was anounced last week sales were 20% up on last year.

Was this the Hamish thread?

If so, was only up at play.com, just the title lead you to believe sales were indeed 20% up across the board.

The actual sales were down on last month according to the BBC.
http://news.bbc.co.uk/1/hi/business/8417860.stm

Really2

Graham_Devon wrote: »

Was this the Hamish thread?

If so, was only up at play.com, just the title lead you to believe sales were indeed 20% up across the board.

The actual sales were down on last month according to the BBC.
http://news.bbc.co.uk/1/hi/business/8417860.stm

OP states worse YOY not MOM.

Read above GD and pick a hole in it if you can.:)

I am simply stating overall sales are up over last year, seems to be ate least 13% up to add.

Graham_Devon

Really2 wrote: »

OP states worse YOY not MOM.

Read above GD and pick a hole in it if you can.:)

Yes, the hamish thread was also about sales being up 20% YOY, not MOM.

Which is why I asked if it was that thread you were referring too.

Really2

Graham_Devon wrote: »

Yes, the hamish thread was also about sales being up 20% YOY, not MOM.

Which is why I asked if it was that thread you were referring too.

Shiny, shiny what about the above, I was just going from a thread cant remember which one but plenty of support that sales are up.

Was It wrong to ask the type of shop graham or was I wrong to post evidence to show that sales were up overall.

stueyhants

I'd argue that figures can be found to support both sides of the argument (sales up, or sales down).

If sales do end up better than last year, given that there is higher unemployment comapred to last year. Wages are mostly flat (more so in the private sector) compared to last year so does that mean we are saving less or borrowing more to fund christmas ?

I've brought several large purchases forward to avoid the VAT increase as I suspect many others have. My personal view is we will see better christmas sales which everyone will celebrate as the ending of the recession. This will be shortlived and sales will be dismal Jan-Mar.

Really2

stueyhants wrote: »

I'd argue that figures can be found to support both sides of the argument (sales up, or sales down).

If sales do end up better than last year, given that there is higher unemployment comapred to last year. Wages are mostly flat (more so in the private sector) compared to last year so does that mean we are saving less or borrowing more to fund christmas ?

I've brought several large purchases forward to avoid the VAT increase as I suspect many others have. My personal view is we will see better christmas sales which everyone will celebrate as the ending of the recession. This will be shortlived and sales will be dismal Jan-Mar.

I would argue we all know where we are this year more than last year.

Fear was a lot higher last year.

After a year of knocking down my mortgage I am spending a bit more the Christmas, things look a lot better than last year.

look at last years forecasts on Jobs, house prices etc. confidence is higher than this time last year that is most probably the reason why spending is indeed up on last year.

vigilaire

We've gone for a thrift Christmas, rejected pointless commercialism and put the money we would have spent into a savings war chest.

I anticipate we'l have just as good a time as usual but with money in the bank not winging its way to China via the high street and we've denied Alister and Gordon their little cut too.

My forays into town seem to confirm that people are staying at home. In particular the pubs are practically deserted though the weather may have a lot to do with this. I know several publicans for whom this Christmas will be 'make or break' and I guess that applies to other business sectors too.

In the current climate taking control of your finances is the best Christmas present you can give yourself, forget the tat in the shops and don't confuse what you want with what you actually need to have a good time.

The_White_Horse

how much credit was available as a whole in 2006 and how much credit was available this year?

this country cannot live within its means. it is impossible.

purch

We've gone for a thrift Christmas, rejected pointless commercialism and put the money we would have spent into a savings war chest

That sounds like fun !!!! :j

Pobby

I had a shop for years and lots of my stuff was highly priced. Niche market. Always had a sale in December, good time to do it on selected items. Mainly stuff that I had got on a deal and gave me a high margin. Advertise that and watch the competition wonder what was going on. So say, for example I had products that were retail less 35% trade less say another 25%. Knock off say £200 off a £1000 item. Nice discount for the customer and a working margin for me.