RE: US Thanksgiving and Blackfriday down vs 202029 Nov 2021 21:10
Do you only read the US news Kallu? Your lonely Twitter feed does make me smile :)
Thought you’d gone a bit quiet. How will ABF fair with the omicron variant. Folk like me will stay away from the shops even more now that mask wearing is back. Just pop in and out when entirely necessary. Otherwise it’s online all the way.
Surely we’ve got to learn to live with it. Get vaccinated and get on with your life and if you’re so inclined wear a face mask. We can’t be ****ting the bed every time these new variants are discovered.
The media don’t help either. Friday morning they were claiming the new variant evades the vaccines but when the scientists, the actual folks who know what they are talking about say it needs to be tested to see if the vaccines hold up, which they have previously.
“ Really do not understand why Bitcoin now follows the markets so much these days. Years ago market down bitcoin etc flew up. Now aligned which kinda defeats the bloody object lol”
I think it’s a sign that crypto is becoming more mainstream with the volume of investors now, including the institutional backing. I’ve not seen any real evidence yet thats it’s actually any kind of hedge against anything in particular.
Looks like ASOS have a lack of capacity as well which is astounding. You’d think they would have forward planned future expansion. Whenever you build an NDC the general rule is when you buy the land you at least double the building footprint and you’re always planning one or two NDC’s ahead.
Kallu - seriously you think people will stop buying online because Primark has re-opened? It’s absolutely ludicrous.
You keep banging on about your treasured ONS figures but even they state that despite the drop online is up nearly 20% on pre covid levels.
It’s easily for physical retail to hit high growth numbers when they are starting from a low base. More and more are going omni channel though? Why? Because if they continue as bricks and mortar businesses they will fail like all the others.
Primark will make hay out of this as long as they can continue to operate by sweeping up customers from the bottom of the barrel. But it’s a rigid inflexible model that long term leaves them heavily exposed if it was a standalone business, unable to adapt to the ever increasing change in consumer buying behaviours. Research Gen-Z, they’ll be more online/tech savvy than the millennials.