Brexcuses

[The Vambo]

Tampon said:

Not just wait and see the furniture figures. Ask those dealing with it and actually listen.

High end Scandi furniture here, sales are still up over last year and we had an excellent weekend, even with an extended lead time due to suppliers holidays.

We could blame Brexit for the period of good sales but it would be an easy cop out without any hard evidence.......

[Tampon]

The Vambo said:

High end Scandi furniture here, sales are still up over last year and we had an excellent weekend, even with an extended lead time due to suppliers holidays.

We could blame Brexit for the period of good sales but it would be an easy cop out without any hard evidence.......

Vambo would you mind either PM or here sharing what area of the country you are in or your ranges? Be nice to get a feel of what is moving well at the moment. We are in North London, Harrow area.

Please you are doing well.

Cheers

On a positive note the hairdressers in the trade association on one of the streets we are on have not noticed a single thing since Brexit. High end hifi\audio shop did note similar experience to us though. Drop off the cliff of people through the door. Restaurants (there are a tonne of them in the association) said mid week business down but Weekend trade been the same.

[Digga]

Tampon said:

We are in North London, Harrow area.

Not wishing to be dismissive or trivialise the issue, but I think, psychologically, North London was probably one of the most anti-Brexit areas in the country and it does stand to reason local sentiment might be negative. Looking for trade in nearby areas that might be less negative might work.

Tampon said:

On a positive note the hairdressers in the trade association on one of the streets we are on have not noticed a single thing since Brexit. High end hifi\audio shop did note similar experience to us though. Drop off the cliff of people through the door.

So it is unlikely to be anything specific your business is doing wrong.

Tampon said:

Restaurants (there are a tonne of them in the association) said mid week business down but Weekend trade been the same.

IMHO, mid-week spending is more discretionary than weekend.

[Tampon]

Digga said:

ou specifically - whether to do with Brexit, or not, is hard to say, because house prices were already weakening in April (see link below) - have cause for concern.

http://www.telegraph.co.uk/property/commercial/hou...

What I am ridiculing is the blind panic that some posters are draw to. Not only is it unfounded - it's just too early to unravel even the initial effects, let alone evaluate the longer-term issues - and also unhelpful to dealing with where we actually are now and how we should best proceed, but this hysteria in itself could cause a negative feedback loop.

So you have my sincere sympathy; having run two businesses through the GFC, I know how unremittingly st situations can be and how impossible it is to have contingency for every liability, but don't shoot the messenger. I'm just saying panic is never the answer to any situation, crisis or not.

Appreciate the sympathy, but genuinely not need for dad.

Only issues I have Digga is the "unfounded" as it isn't for us and some others and saying talking about it is unhelpful. I can see how it is unhelpful for a clean path to the idea of Brexit being a good thing but I don't feel that is a acceptable thing to ask people to do if that is not the case.

Also house price article you showed is fair but the opposite has happened post Brexit. London prices are dropping post Brexit as opposed to what what happening before. That is attributable to Brexit (unfortunately I fall into that camp it seems)

To the person that asked about ftze market thing, fair enough I dot have figures or reports and know little. I just watched the news and read the papers. That was the impression I get after Brexit. Could be massively wrong and tell markets could be soaring in the glow of Brexit vote?

[sidicks]

Tampon said:

To the person that asked about ftze market thing, fair enough I dot have figures or reports and know little. I just watched the news and read the papers. That was the impression I get after Brexit. Could be massively wrong and tell markets could be soaring in the glow of Brexit vote?

The media (and certain people on here...) tends to have an agenda to push...

Edited by sidicks on Wednesday 3rd August 10:03

[Digga]

Tampon said:

Also house price article you showed is fair but the opposite has happened post Brexit. London prices are dropping post Brexit as opposed to what what happening before. That is attributable to Brexit (unfortunately I fall into that camp it seems)

London was in trouble long before Brexit, although I do not think Brexit and the fall of sterling will have helped:

https://www.theguardian.com/money/2016/may/24/brit...

http://www.ft.com/cms/s/0/a039b728-c067-11e5-846f-...

http://www.thisismoney.co.uk/money/mortgageshome/a...

The signs were there, even if the symptoms, perhaps, were not.

Another thought; do you/can you sell online?

[jjlynn27]

sidicks said:

Tampon said:

To the person that asked about ftze market thing, fair enough I dot have figures or reports and know little. I just watched the news and read the papers. That was the impression I get after Brexit. Could be massively wrong and tell markets could be soaring in the glow of Brexit vote?

The media (and certain people on here...) tends to have an agenda to push...

Edited by sidicks on Wednesday 3rd August 10:03

Funded by EU overlords.

[turbobloke]

jjlynn27 said:

Funded by EU overlords.

Then there's the lizards. The other lizards, that is.

[Tampon]

Digga said:

Another thought; do you/can you sell online?

We do. We did a lot more but had a difficulty with Furniture village putting the screws on suppliers about online selling same ranges. Tends to be a trend, either fall in line with the pricing structure of larger retailers or either no supply or can't use the names of the ranges to stop customers comparing prices.

Naughty.

[turbobloke]

Tampon said:

Digga said:

Another thought; do you/can you sell online?

We do. We did a lot more but had a difficulty with Furniture village putting the screws on suppliers about online selling same ranges. Tends to be a trend, either fall in line with the pricing structure of larger retailers or either no supply or can't use the names of the ranges to stop customers comparing prices.

Naughty.

Price fixing? Naughty and unlawful surely?!

[FiF]

Tampon said:

Digga said:

Another thought; do you/can you sell online?

We do. We did a lot more but had a difficulty with Furniture village putting the screws on suppliers about online selling same ranges. Tends to be a trend, either fall in line with the pricing structure of larger retailers or either no supply or can't use the names of the ranges to stop customers comparing prices.

Naughty.

That could be worthy of a complaint about abuse of a dominant market position. Obviously the devil will be in the detail, and needs some investigation, market shares etc, but as you say, naughty.

[silentbrown]

Tampon said:

On a positive note the hairdressers in the trade association on one of the streets we are on have not noticed a single thing since Brexit.

And in related news, undertakers have reported no dramatic changes in customer numbers since Brexit. "Those Remain idiots got it wrong" said a spokesman, "They told us hair would stop growing and people would be unable to afford to die."

[Digga]

FiF said:

Tampon said:

Digga said:

Another thought; do you/can you sell online?

We do. We did a lot more but had a difficulty with Furniture village putting the screws on suppliers about online selling same ranges. Tends to be a trend, either fall in line with the pricing structure of larger retailers or either no supply or can't use the names of the ranges to stop customers comparing prices.

Naughty.

That could be worthy of a complaint about abuse of a dominant market position. Obviously the devil will be in the detail, and needs some investigation, market shares etc, but as you say, naughty.

I can't see a scenario where price controls of this sort are anything like legal.

[Digga]

silentbrown said:

Tampon said:

On a positive note the hairdressers in the trade association on one of the streets we are on have not noticed a single thing since Brexit.

And in related news, undertakers have reported no dramatic changes in customer numbers since Brexit. "Those Remain idiots got it wrong" said a spokesman, "They told us hair would stop growing and people would be unable to afford to die."

Most hair appointment are, if not discretionary, then at best elastic.

I take it you are male and either single or married to one of the more frugal examples of the fairer sex?

[FiF]

Digga said:

FiF said:

Tampon said:

Digga said:

Another thought; do you/can you sell online?

We do. We did a lot more but had a difficulty with Furniture village putting the screws on suppliers about online selling same ranges. Tends to be a trend, either fall in line with the pricing structure of larger retailers or either no supply or can't use the names of the ranges to stop customers comparing prices.

Naughty.

That could be worthy of a complaint about abuse of a dominant market position. Obviously the devil will be in the detail, and needs some investigation, market shares etc, but as you say, naughty.

I can't see a scenario where price controls of this sort are anything like legal.

If it's as blatant as written, yes, proving it is going to be another matter, but if they have evidence, go for it. It's open knowledge, and admitted off the record, that the local filling stations have a bit of a ring round each other regularly comparing prices, but proving that collusion and that they make collective agreements about setting prices is quite another matter. Interesting that they're all apart from a couple of independent retailers exactly 3p/litre dearer than the next town.

Alternatively why not call it another name? Random example, the Marmo Dining set, you market as Malmö. Accept it causes a bit of an issue and restrictions with use of manufacturer literature.

[silentbrown]

Digga said:

Most hair appointment are, if not discretionary, then at best elastic.

I take it you are male and either single or married to one of the more frugal examples of the fairer sex?

Frugal: err, no But I get your point.

I recall being told that hairdressing is one of the last things to take a big hit in recession, though - and not just because hair keeps growing.

Whichever way you look at it, the current uncertainty is more likely to affect big-ticket purchases (houses, cars, and indeed some furniture) rather than day-to-day expenses.

[V8A*ndy]

Tampon said:

mike9009 said:

B'stard Child said:

alfie2244 said:

///ajd said:

+1

-1

-2

I hope these aren't GDP and interest rates predictions.

My nerves are totally fked this afternoon

[MG CHRIS]

Well my now past employers business suffered a big drop after the result but its wasn't due to brexit more raising there labour rate and generally fleecing the customer while they spend thousands on 2 25k new transits/ refurbed recovery truck cost 3k and a brand new tri axle trailer again 3k. While not giving there staff pay rises. Hence me and 2 others leaving.

Got a new job with better pay/ better organisation/ more qualifications mot license for one and a better working environment. Loads of mates in the mechanic industry that I went through apprentership with are either working in main dealers or running there own garage of parents and all are doing well.

My sister works in the hospitality industry working within the Hilton group sales did drop around the same time but has now picked up and there x-mas orders are filling up pretty quickly.

I live in an area that overwhelmingly voted out welsh valleys I voted out for the way the eu is run others over immigration or just giving a boot up the arse to lazy politicans that don't give a fk about the areas they represent. Owen smith being one who doesn't agree with the result while his consistency voted out.

From what I can see nothing has really changed and after the initial omg we going to die people are now talking about other things. House prices haven't moved up or down as they didn't go up in the first place my mate bought a house for 62k 4 years ago and now not far off paying it off. Britian has a good future.

[Digga]

MG CHRIS said:

I live in an area that overwhelmingly voted out welsh valleys I voted out for the way the eu is run others over immigration or just giving a boot up the arse to lazy politicans that don't give a fk about the areas they represent. Owen smith being one who doesn't agree with the result while his consistency voted out.

From what I can see nothing has really changed and after the initial omg we going to die people are now talking about other things. House prices haven't moved up or down as they didn't go up in the first place my mate bought a house for 62k 4 years ago and now not far off paying it off. Britian has a good future.

Interesting to hear another take. I think your location has much to do with your perception and, vice versa, the location of many who express negative opinions is very much also to do with their own respective location.

I still think it is too early even to judge the short term, let alone the longer term ramifications and these will also depend on the economic fortunes of the EU.

[Ridgemont]

Not spotted this one on the Brexcuse thread from this morning;

http://www.bbc.co.uk/news/business-36961287

"HSBC chief executive Stuart Gulliver also raised the fallout of the UK's vote to leave the European Union: "There has been a period of volatility and uncertainty which is likely to continue for some time."

Similarly http://www.telegraph.co.uk/business/2016/08/03/hsb...

The Today prog was wibbling on about the impact of Brexit at some length this morning so I decided to have a closer look.

Not so much..

The interim report distilled: http://www.hsbc.com/~/media/hsbc-com/investorrelat...


"Global Banking and Markets weathered a large reduction in client activity in January and February, but staged a partial recovery
in the second quarter. Equities and Foreign Exchange had a difficult half, but Rates performed well on the back of increased
client volumes..... Retail Banking and Wealth Management was also affected by reduced client activity. This led to lower revenue in our Wealth
businesses, albeit against last year’s strong second quarter which was boosted by the Shanghai-Hong Kong Stock Connect."

so a Q2 bounceback is obviously signs of...? And Like for Likes were down on a strong Asian performance last year?