Retailers across the country reporting that spend is down this December.
Could be because I ventured into retail but surely that would not have had a country wide effect?
Not what I have been reading in recent weeks. Have you got any press articles you could provide to further articulate your point of view ?
Good on ya Iceman. I have my paw pretty close to the buy button to do the same.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Not what I have been reading in recent weeks. Have you got any press articles you could provide to further articulate your point of view ?
No, purely anecdotal. I am talking to local retailers, some of whom are part of national chains and they are saying numbers are down across the country. Maybe other stores are up? Foot traffic has certainly been thin in the local mall.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Quote: Group sales for the first 17 weeks of the new financial year are +6.7% on the prior corresponding period.
Weren’t they +7.1% for first 16 weeks ....that 17th week must have been really really quite ..or in timesurfer lingo ‘spend is down’ ...and wasn’t Black Friday in that 17th week
Maybe Beagle could use some of his accounonomist skills to assess what’s happened in that 17th week.
Was market Price Sensitive as well.
Last edited by winner69; 11-12-2019 at 08:58 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Definitely reads like they're coming off the boil. Good news is they say they can maintain dividends due to strength of the balance sheet. Heading back to the situation a few years ago where they paid out more on dividends than they made in profit?
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