The financial full stop has come earlier than I thought
Discussion
DSLiverpool said:
Looks like it s not a blip and possibly were in a hard slowdown till spring.
Source is 31 websites I have visibility of, anyone concur or refute.
I have been looking over my shoulder for 3 years . It's a difficult story that is playing out over a long timeframe. Jobless claims in USA is a good indicator for what the world is up to in my opinion. Source is 31 websites I have visibility of, anyone concur or refute.
We are fairly busy in used plant sales but some of our customers are quiet for sure
Very patchy round my way, some places busy and many not.
My theory is demand has dropped and even successful businesses need to discount to maintain sales. Let's say they used to make 20% margin but it's come down to 10%. That starts a spiral, pushing price pressure down the chain to smaller businesses. Eventually that process results in some businesses which used to make 10% now stuck with margin of 2%, not enough to be viable.
An example is hotels at a seaside resort. The nice ones on the seafront can charge a fortune in summer but have few visitors in winter, so they discount heavily to keep people coming in. This leaves the cheaper hotels without customers because they can't cover costs if they drop their prices and their potential customers are all in the nicer, discounted hotels.
It's tough out there.
My theory is demand has dropped and even successful businesses need to discount to maintain sales. Let's say they used to make 20% margin but it's come down to 10%. That starts a spiral, pushing price pressure down the chain to smaller businesses. Eventually that process results in some businesses which used to make 10% now stuck with margin of 2%, not enough to be viable.
An example is hotels at a seaside resort. The nice ones on the seafront can charge a fortune in summer but have few visitors in winter, so they discount heavily to keep people coming in. This leaves the cheaper hotels without customers because they can't cover costs if they drop their prices and their potential customers are all in the nicer, discounted hotels.
It's tough out there.
Edible Roadkill said:
Noticing out and about a lot of people I speak to out of work, or facing redundancy.
Not sure on the economy as a whole.
Seeing a lot of people from my old industry (electronics) popping up on LinkedIn as being let go, or "retired" but touting for work.Not sure on the economy as a whole.
But then I went to Costco (Chester) week before last on a Wednesday morning and it was completely mental. Previously I'd been told Wednesday is their quieter day.
StevieBee said:
It would be useful to know what it is people are selling when giving observations about the state of things.
Tools, homewares, cosmetics for men, women and horses; loungewear, athleisure, cleaning products, candles & home scent and more stuff Personally my air filters are doing well but that’s a captive market and I’ve dropped 25% off
Phooey said:
okgo said:
People have stopped buying the crap OP sells?
K-shaped economy - plenty of money and spending around but it's at the wealthier end
Feadship orders full for a number of years
Maranello very busy building unobtainable 1 of 1 all day long
GT3RS is the only 911 worth talking about
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