RE: Obsolete business model13 Feb 2020 18:00
Your argument might be valid if there was no alternative to cheao poorly made, short life items.
But there is an alternative..more expensive items which are replaced much less frequently, so the long term cost can be the same ,or less.
However I will say that my analysis does depend on a modicum of intelligence from the general public....and as the saying goes no- one ever made money by overestimating the intelligence of the public.
You may also like to reflect that as more stores open they are taking sales from existing stores.
When there are stories all over Europe you will no longer find coachloads of tourists and day trippers from the continent carrying Primark items back home,because they will have a local store.
As you say time will tell and I already have recycled my ABF proceeds to invest in RNWL a recycling company and luckily this is already showing a healthy profit.