Argos sales down 11% - is this a good indicator?
Discussion
Argos hit by sharp fall in sales: Shares in Home Retail Group sink 11% after it reports a sharp fall in sales at Argos over the past three months.
It seems to reflect what I'm seeing 'out there'; the people on the ground feel they have little money and little prospect of more money, so everything is on a giant slow-down. What do others think?
It seems to reflect what I'm seeing 'out there'; the people on the ground feel they have little money and little prospect of more money, so everything is on a giant slow-down. What do others think?
I would suggest its a good indicator that the government has scared the hell out of the 'consumer' and that will soon hit growth figures. Car sales down dramatically, house sales plunging too.
If they wanted to create the ideal conditions for another recession then I couldnt think of better.
If they wanted to create the ideal conditions for another recession then I couldnt think of better.
I wouldn't be too worried.
Looking at the Argos customer demographic it is reasonably lower end buyers, many of whom still don't want to buy online. That demographic is going to be continually falling once internet shopping reaches these far corners:
"It added there had been a "significant decline" in sales of consumer electronics goods at Argos."
That is a big chunk of the fall in sales - and the exact area where internet shopping undercuts them significantly.
In short it is a bit of an 'HMV' situation. Customers are simply changing the way they buy HMV's goods. And it is easier/cheaper not to buy from HMV any more...
Looking at the Argos customer demographic it is reasonably lower end buyers, many of whom still don't want to buy online. That demographic is going to be continually falling once internet shopping reaches these far corners:
"It added there had been a "significant decline" in sales of consumer electronics goods at Argos."
That is a big chunk of the fall in sales - and the exact area where internet shopping undercuts them significantly.
In short it is a bit of an 'HMV' situation. Customers are simply changing the way they buy HMV's goods. And it is easier/cheaper not to buy from HMV any more...
Corsair7 said:
If they wanted to create the ideal conditions for another recession then I couldnt think of better.
They could break up the coalition and give Balls the keys to number 11. Then you could avoid a recession.(By having a great depression).
I think it's just reality biting home. Inflation and taxation are really hitting middle earners who are probably the engine house of the economy. The government needs to bite the bullet and cut taxes on jobs hard to free up disposable income to spend in shops, bars and restaurants again. Taking away more of peoples disposable income is a one way ticket down the tubes.
Oh, and cut f
king benefits!!!fido said:
In a nutshell ..
Yes - it means the chavs are suffering. No - they'll be taking it out on YOU!
Oh well fYes - it means the chavs are suffering. No - they'll be taking it out on YOU!
k me! I must be a chav! I bought a lawnmover in Argos last weekend. I would have bought the Flymo in Harrods at twice the price, but I couldn't find any parking.What a tool.
Yes, a good indicator imo. Along with the proliferation lately of tv ads for short term loans at X-thousand percent APR.
A tv ad slot on a major channel must still be tens of thousands of £, plus the production costs. I see hundreds of these ads, so there must be millions of people taking out these extraordinarily expensive loans, no?
And that's with low single digit mortgage interest rates.
Recession ain't over. It's about to begin imo, properly.
A tv ad slot on a major channel must still be tens of thousands of £, plus the production costs. I see hundreds of these ads, so there must be millions of people taking out these extraordinarily expensive loans, no?
And that's with low single digit mortgage interest rates.
Recession ain't over. It's about to begin imo, properly.
phil1979 said:
Oh well fk me! I must be a chav! I bought a lawnmover in Argos last weekend. I would have bought the Flymo in Harrods at twice the price, but I couldn't find any parking.
What a tool.
The difference is you bought a lawnmower. And may buy similar items once or twice a year from Argos.k me! I must be a chav! I bought a lawnmover in Argos last weekend. I would have bought the Flymo in Harrods at twice the price, but I couldn't find any parking.What a tool.
Said Chavs will be in there every week buying a new phone, a gift for damon, a gift for chantell, a gift for their aunt, a dvd, some clothes, an "antique look" ash tray, a pair of curtains, a who knows what...
i regularly get sent there for work. its an awesome experience.
recent highlight had to be the girl who couldn't drive the catalogue. possibly the hoop earings got in her eyes.
and i quote "stoopid f**king thing. ow the f**k are you meant to use this?"
quite.
(perhaps their customer base has been eroded by nu labia education policies? she did look like a right neet)
recent highlight had to be the girl who couldn't drive the catalogue. possibly the hoop earings got in her eyes.
and i quote "stoopid f**king thing. ow the f**k are you meant to use this?"
quite.
(perhaps their customer base has been eroded by nu labia education policies? she did look like a right neet)
Recession ain't over. It's about to begin imo, properly?
Don't talk bks
http://www.statistics.gov.uk/cci/nugget.asp?id=256
Non-store retailing, which accounts for 4.5 per cent of the retail sector, saw the largest volume growth between April 2010 and April 2011 with sales volumes increasing by 19.6 per cent providing 0.9 percentage points to the all retailing series.
Don't talk b
kshttp://www.statistics.gov.uk/cci/nugget.asp?id=256
Non-store retailing, which accounts for 4.5 per cent of the retail sector, saw the largest volume growth between April 2010 and April 2011 with sales volumes increasing by 19.6 per cent providing 0.9 percentage points to the all retailing series.
superkartracer said:
Recession ain't over. It's about to begin imo, properly?
Don't talk bks
http://www.statistics.gov.uk/cci/nugget.asp?id=256
Non-store retailing, which accounts for 4.5 per cent of the retail sector, saw the largest volume growth between April 2010 and April 2011 with sales volumes increasing by 19.6 per cent providing 0.9 percentage points to the all retailing series.
You don't think everything is being propped up temporarily by 0.5% base rate then?Don't talk b
kshttp://www.statistics.gov.uk/cci/nugget.asp?id=256
Non-store retailing, which accounts for 4.5 per cent of the retail sector, saw the largest volume growth between April 2010 and April 2011 with sales volumes increasing by 19.6 per cent providing 0.9 percentage points to the all retailing series.
Edited by richardxjr on Thursday 9th June 13:00
Just another notch on the wedge towards the final domination of the irresistable force that is the triumvirate of Amazon, Wall-Mart and Tesco.
Everyone else is knocking themselves out in one last hurrah by chucking up on Ingolstadt's 11 plated finest.
Whilst i-Zeitgeisting in 3/4 length pants with shades on close cropped heads. Inside Bluewater/Trafford/Metro centres, sipping Starbucks, unaware of the BRIC based oblivion almost upon us.
Meanwhile, more taxes, rates and a few more hoops through which to jump from Le Europarl.
Everyone else is knocking themselves out in one last hurrah by chucking up on Ingolstadt's 11 plated finest.
Whilst i-Zeitgeisting in 3/4 length pants with shades on close cropped heads. Inside Bluewater/Trafford/Metro centres, sipping Starbucks, unaware of the BRIC based oblivion almost upon us.
Meanwhile, more taxes, rates and a few more hoops through which to jump from Le Europarl.
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