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What's going to collapse next...


TheCountOfNowhere

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Castlevania
On 03/12/2020 at 03:21, wherebee said:

Amazon's model is to enter an area, undercut prices to drive opposition out of business, and then increase prices.  Basically the same playbook as China.  So your boots are good value now, but once the high street is properly dead expect quality to go down and cost to go up. It's the Jeff way.

 

On 03/12/2020 at 09:21, gibbon said:

 

Maybe but then someone will fill the gap amazon leaves open. Until amazon owns the entire internet someone else will always come along. 

Amazon are a rubbish retailer. Which is good for those online retailers that simply concentrate on doing the one thing well.

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1 hour ago, Castlevania said:

 

Amazon are a rubbish retailer. Which is good for those online retailers that simply concentrate on doing the one thing well.

Amazon are bloody awful and I've started pointing out to the wife that most of the time they're double the price of the same items on ebay now.

The only advantage they supposedly have over ebay is the delivery service, but even that's been bloody useless recently. 

I've stopped using them to buy anything now and I'm trying to get the missus to do the same.

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The Grey Man
24 minutes ago, spongeh said:

Amazon are bloody awful and I've started pointing out to the wife that most of the time they're double the price of the same items on ebay now.

The only advantage they supposedly have over ebay is the delivery service, but even that's been bloody useless recently. 

I've stopped using them to buy anything now and I'm trying to get the missus to do the same.

Snap. Price gougers for the lazy.

E bay has had a bit of resurgence from me.

However. Making the effort to get direct to companies sites. Or..the first importer.

I dont do for everything as I am guilty of my first statement. Anything above...15 quid? I do the looking.

Middle men scroungers. Urrgh.

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11 hours ago, spongeh said:

Amazon are bloody awful and I've started pointing out to the wife that most of the time they're double the price of the same items on ebay now.

The only advantage they supposedly have over ebay is the delivery service, but even that's been bloody useless recently. 

I've stopped using them to buy anything now and I'm trying to get the missus to do the same.

Ebay is definitely cheaper these days, I reckon I now have a 60/20/20 spit between ebay/amazon/aliexpress now. However for expensive items I tend to go with Amazon because 9 times out of 10 they will side with the customer, where as ebay and paypal (who they own) will tell you to go do one. My dad brought something for £2.5k off Amazon marketplace. The marketplace seller tried fucking him over and wouldn't accept a return. I got Amazon to step in and the money was refunded by Amazon same day.

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spygirl
On 27/01/2020 at 09:40, spygirl said:

Still stand by Bourmouth.

Beales gone.

Amigo imploding.

Once JP mortgan start laying off then - poof!

 

 

What left of London Victoria has been flipped to PE.

Amigo Loans surely cannot continue  for much longer.

JOP Morgan is probably the only medium to large employee  paying over NMW.

And dont say Bmouth Uni ....

 

 

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SillyBilly
On 07/12/2020 at 21:40, The Grey Man said:

Snap. Price gougers for the lazy.

Ebay can feel like the equivalent of having to wade through the online equivalent of a car boot. Which it obviously is, in effect. I probably have more money than sense as 90% of the time I CBA with it. If making a big purchase then I'd shop about but for low value stuff I take the same approach as I do with physical shopping, buy it when I first see it and be done with it.

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13 hours ago, SillyBilly said:

Ebay can feel like the equivalent of having to wade through the online equivalent of a car boot. Which it obviously is, in effect. I probably have more money than sense as 90% of the time I CBA with it. If making a big purchase then I'd shop about but for low value stuff I take the same approach as I do with physical shopping, buy it when I first see it and be done with it.

Sort by price - cheapest one that isn't dodgy as f*** or arriving from china in x months time wins.

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Andersen

The Vatican? O.o  One to watch, including a recent $220M London land deal that tried to skirt reporting requirements  https://bishoppatbuckley.blog/2020/02/22/vatican-to-be-bankrupt-in-3-years/ 

Magna Global Property Investment - recently sent out an email to say they have gone bust. I can't see any official announcement yet. Homepage  https://magnagroupglobal.com/ background article  https://bondreview.co.uk/2020/08/06/magna-globals-mix2-posts-1-million-loss-madelins-luxury-lifestyle/ 

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Democorruptcy

This is a good one....

Quote

 

Edinburgh Woollen Mill rescue deal to save 2,500 jobs

Edinburgh Woollen Mill, which sells mid-price knitwear and other clothing to older shoppers, is part of a stable of retail brands owned by billionaire businessman, Philip Day.

It is understood that Mr Day will effectively lend the group the money to buy the businesses which will be paid back over a number of years.

https://www.bbc.co.uk/news/business-55632501

 

It's very Barclays/Protium esque. Barclays were "bust" in the financial crash so sold Protium 12.3 billion of their non performing assets and loaned them the money for the purchase! That's the way to get crap off your balance sheet and stay solvent.

Quote

 

The activities of Protium will initially be supported by $450 million of new funding provided by the partners of Protium and by a ten-year loan of $12.6 billion loan from Barclays.

https://www.rttnews.com/1068299/barclays-to-sell-12-3-bln-of-risky-assets-to-protium-finance-update2.aspx

 

 

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spygirl
On 27/01/2020 at 09:40, spygirl said:

Still stand by Bourmouth.

Beales gone.

Amigo imploding.

Once JP mortgan start laying off then - poof!

 

 

I cant think of anywhere else in the UK that relies as much on both OAP moving there and spending money and UK tourisms than Bournemouth.

Bournemouth faces 'biggest challenge' in recovering from Covid crisis

https://www.bournemouthecho.co.uk/news/19034608.bournemouth-faces-biggest-challenge-recovering-covid-crisis/

 

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Chewing Grass
9 minutes ago, Andersen said:

Dickies workwear to close by March 31st ? A shame as they're been doing decent quality gear at budget prices for as long as I've been buying work clothes.Wiki says founded 1922. Sad times https://www.bbc.com/news/uk-england-somerset-54427330 

Owned by a cunting bunch of Yanks, VF Corporation, based in Denver, Colorado, undertook a review of the setup and decided the workwear arm’s business model was out of line with its financial expectations.

https://www.fwi.co.uk/machinery/farm-maintenance/clothing/dickies-workwear-gets-winding-up-order-from-parent-company

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Chewing Grass

March Quarter Day will be interesting this year.

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Hancock
31 minutes ago, Chewing Grass said:

Owned by a cunting bunch of Yanks, VF Corporation, based in Denver, Colorado, undertook a review of the setup and decided the workwear arm’s business model was out of line with its financial expectations.

https://www.fwi.co.uk/machinery/farm-maintenance/clothing/dickies-workwear-gets-winding-up-order-from-parent-company

More a case of cunting govts for putting those who buy "workwear" out of work.

Should have moved production to China a long time ago, not sure how they've managed to stay in business for so long whilst paying English wages.

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BoSon
33 minutes ago, Hancock said:

All Thorntons stores to close.

image.png.2e961192a13930e8cb100f3093da7d8b.png

They only lasted so long due to furlough and the other handouts. Rishi extended it beyond the May local elections purely to stop the number of redundencies grabbing the headlines.

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Hancock
27 minutes ago, BoSon said:

They only lasted so long due to furlough and the other handouts. Rishi extended it beyond the May local elections purely to stop the number of redundencies grabbing the headlines.

Yes that and the fact Boris and Hancock would have us locked up forever, so have to appease them.

Inevitable its extended until September.

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Andersen

Mitsibushi Motors are withdrawing from UK & EU markets (mentioning that emissions & safety regulations are getting too strict). Even the dealers are surpised by the news, the L200 & Outlander PHEV (hybrid) have been very good sellers.

https://www.carguide.ph/2021/03/mitsubishi-is-closing-in-uk-so-theyre.html O.o https://www.am-online.com/news/dealer-news/2020/07/28/mitsubishi-s-uk-market-exit-a-genuine-shock-say-dealers 

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Warlord Velmoth
9 minutes ago, Andersen said:

Mitsibushi Motors are withdrawing from UK & EU markets (mentioning that emissions & safety regulations are getting too strict). Even the dealers are surpised by the news, the L200 & Outlander PHEV (hybrid) have been very good sellers.

https://www.carguide.ph/2021/03/mitsubishi-is-closing-in-uk-so-theyre.html O.o https://www.am-online.com/news/dealer-news/2020/07/28/mitsubishi-s-uk-market-exit-a-genuine-shock-say-dealers 

Mitsubishi have been a bit shit for a few years now anyway, especially in the small car market where the latest Mirage has been condemned as a steaming pile of shite by reviews, and the Colt before it wasn't anything to brag about either.

They were good at making wacky fun stuff in the 90s and 2000s, but so was every other Japanese manufacturer at the time. I think Suzuki and Mazda have beaten them vastly in terms of imagination and adaption to trends in the last few years.

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UmBongo

Mitsubishi have been extremely lazy in their car designs in the last few years. I think that they're just going to stick with Asian markets, maybe Australasia.

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wherebee
3 hours ago, UmBongo said:

Mitsubishi have been extremely lazy in their car designs in the last few years. I think that they're just going to stick with Asian markets, maybe Australasia.

The aussie car market is an interesting one - much like american in that many people need a car to do big miles (due to distances/new suburb planning) but gas is very expensive, so the gas guzzlers cost an arm and a leg, unlike the US.  So you have big utes and rigs all over the shop, but also lots of microcars like europe...

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Boglet
On 08/12/2020 at 09:16, gibbon said:

Ebay is definitely cheaper these days, I reckon I now have a 60/20/20 spit between ebay/amazon/aliexpress now. However for expensive items I tend to go with Amazon because 9 times out of 10 they will side with the customer, where as ebay and paypal (who they own) will tell you to go do one. My dad brought something for £2.5k off Amazon marketplace. The marketplace seller tried fucking him over and wouldn't accept a return. I got Amazon to step in and the money was refunded by Amazon same day.

Ebay is basically the same if not better than Amazon for a buyer. They have their 'money back guarantee' which basically means refund the buyer from their own pocket as soon as they ask, for whatever reason, then sort it out with the seller later.

Ask anyone who has sold significant amounts of stuff on ebay how that works out.

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Andersen

Has staying open been financially worthwhile for larger supermarkets and shops?

Numbers are from Tescos but assume a similar pattern for all shops that have invested to stay open: spent £900M to be covid compliant (adaptions, regulations ??), revenue grew by 7%, pre-tax profits fell by 20% (lots of fluffy nearly almost etc) https://www.bbc.com/news/business-56742832 

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