RichieST

iTrader: (2)

So far we have lost woolies, zavvi, whittards, officers club and mfi.

My local B&Q have a half price sale on most things in store today, the rest is down 15%. not going down the pan too are they?

http://www.diy.com/diy/jsp/

Rich

Diamonds.

iTrader: (2)

thing is woolie and MFI have had it coming for a long time now. Zavvi is fucked cause of Entertainment UK which was part of wollies.

B&Q and them places always have big stupid offers on and even more so now.

i know Homebase and Argos are struggling a little at the mo as are Vauxhall.

it will hit everyone.....but depends how you were doing before tbh how hard you get hit (company wise)

pee vee

its getting crazy!
how many more will go i wonder?

Jaguar/landrover IF it happens will be a bit of a sure sign i think..

fact is they ARE already fooked, and the only saving grace is going to be the tax-payers bail out.. so really, can pretty much count them as victims of the times too IMO

Ginge !

mate some og these companies i dont see how they can loose money tbh, how can you own a business and loose money when they are so large,,,,, restructure is a very important tbing to remember !!!, cutting costs aint just about peoples wages,,,, what about the general waste,,,, margins keeping prices a little too high

the spending power of some companys is mental tbh, cant see how it happens unless the people at the top aint bothered about the end result

Ginge !

think thats a key element here,,,,,, the tax payers bailing people out so companys using this to there advantage before the boat sets sail

using us to bail them out aint gonna make a company whos loosing money turn a profit,,,,, they need to restructure,,,,,, and if they cant do it before the worst happens then IMO fold em and restart again

Lee Reynolds

Totally agree pal.

What they should do is Get maggie back in and close the fucking lot down if its not making money Fuck the lot of em! Fuck the business, fuck the related businesses, Fuck the workers, and the fuck their families eh!

pee vee

exactly my thoughts.

Rhys

Double post. opps

Rhys

Always going to happen in time of Economic correction imo. The weak retailers who have been haging in there because of good credit terms and just general increase in peoples spending without a solid business plan are always going to go when times get hard. Inavetible (sp) though does not make it any easier for people losing their jobs.

You are seeing big sales because a lot of the retailers are going to miss their targets for the year and they are trying to sell as much stock as possible to look posstive on the company profile. Some companys will even sell at no profit so there sales figures are increased to help bump their overall sale figures.

MAD EVO 4

my thoughts aswell mate

Lee Reynolds

Ya can say that again Rhys

focusv8

If he does, will he say it twice, again again.

.

Ginge !

sorry mate but how many companys have RAISED there prices to cover the vat decrease,,,,, honestly how many have???

my company have btw !!!

who gets the benifit of that ?,,,,

bailing out the failing business,,,,, whos gonna pay for that and whos gonna get the benifit,,,,,, the company that will STILL fail unless it restructures,,,, which most WONT anyway

give them money,,,, fuck that LOAN THEM MONEY and see how thyey get on, no limted libility for the big companys either !!!, my old man lost hes business due to others not paying there bills and folding,,,,, he never got fuck all but the directions to the dole cue !

if you cant turn a profit downsize,,,, ford have been planning this for YEARS!!!!, closed a few branches of there places over time and sold the sites to release extra capital..... my old site was sold for 14million !!!, theres ALOT to it tbh that i wont even be smart enought to understand,,,,,, but i know that if i aint smart enough to do my job ill be handed my cards,,,,,,, thing directors should be delt with the same

ivory towers are where most of the money ends up wasted !!!

pee vee

I did not that even in halfords. when you get a reciept
they deduct 2.1% off the price to account for VAT reduction... but surely it was a
2.5% reduction!? guess noone was under obligation to pass it on.

Ginge !

they still raised there prices on stuff im sure, we was never told about it, i noticed due to returning goods at end of month and reinvoicing for some of our special accounts

NUTS RuS

iTrader: (35)

2.1% is correct for a reduction pee vee

Item is Ł100 plus vat

With old VAT its Ł117.50
With new 15% VAT its Ł115.00

So you saved Ł2.50

Ł2.50 / 117.5 *100 = 2.127%

Simple

Aaroncast

Wheres it all going!!--
down the pan-or didnt you want to read that??
Firstly how old are you? Remenber the 3 day week!!---------
welcome to the 7 day week in 2009------------------
to many people in the world -no natural wars/disasters to reduce population.
Eg------3 people in a house will get on ok ------------put 500 in the same space and give it time-!!!!!!!!!!!!!!!!
World food shortages - etc etc-------read animal farm recently?-lol
its us thats fucking the world up -im not ta;lking climate change either
thats nothing to do with the uk-if youd lived from the 60's on you would have noticed the removal of factory chimneys and smog etc etc--
we have never been as clean in this country
wait for someone to introduce a virus etc like the aids thing that never got as much out of control as some people would have wished-
roll on 2009!!!!!!----------im 56-its your world now!!not mine-
good luck--------------------------

DanW@FastFord

iTrader: (1)

What??? So Ford saw this coming even though no one else did?? Get real Ginge. Also, there's the small matter of Ford US being absolutely fucked right now.

Lee Reynolds

I agree with your restructuring method you nerd i was being sarcastic! Been on the pop?

Ginge !

bollocks LOADS of people saw it comming,,, we had been warned for YEARS that people who have 20k on there cards are about to hit the shite,,,,, infact it was my boss at fords who warned me !!!

the thing in the states is where it started,,,,,, and thats been going on for time

my old company restructured 18 months ago, infact is SCRAPPED its business plan to restructure due to worry

just cause we just heard about it dont mean its never happened

i posted on here AGES ago about it, its why i changed from working at a main dealers to aftermarket as i knew what was comming,,,,, for the car game anyway

pee vee

Ah i see! i thought they would literally just lop 2.5% off lol

broadmoor

Consider this

1 year ago RBS paid $100bn for ABN Amro

For this amount it could now buy:
Citibank $22.5bn
Morgan Stanley $10.5bn
Goldman Sachs $21bn
Merrill Lynch $12.3bn
Deutsche Bank $13bn
Barclays $12.7bn
And still have $8bn change......which you would be able to pick up GM,
Ford, Chrysler and the Honda F1 Team.

Merry xmas and a Happy New Year

Psycho Warren

iTrader: (5)

Its all fake money anyway.