Let's start with your parents
Retail Wreckage
- Thread starter greggles
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Self funded.
A bit of a mix wealth wise.
Some can afford to retire, others have simply downsized, side hobby for extra income and living within their means.
I don't know if they're happier. Seem a bit disconnected.
To be honest, I semi retired at 40 as well. Enough of my hair brained schemes worked to back off.
Every now and then an old customer will call and I'll do some work. But I'm over the grind.
That's not to say that I don't work. I generally have 3-4 things on the go. But damn if I'm not over 6-5 then bookwork when I got home.
Every now and then an old customer will call and I'll do some work. But I'm over the grind.
That's not to say that I don't work. I generally have 3-4 things on the go. But damn if I'm not over 6-5 then bookwork when I got home.
tinhat
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I kind of retired from IT in my 40s as well. I stopped working mainly because I got too busy with family matters and a couple of non-income making projects but also because I had burnt myself out a bit. I started to wind down and next thing I had stopped working (once you start knocking back jobs... it's hard to slow down the treadmill you either keep running or get flung off). At the time I said I was going on sabbatical but that was about eight years ago now. I would like to not have to work again but I reckon I am going to have to do something to make some pocket money eventually to do some traveling. I live a very simple life right now. I spend more time listening to birds than to humans which is nice. I haven't been overseas for ten years. All the relatives (grandmother, aunty) I used to visit overseas are dead now.
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https://www.smh.com.au/business/com...p-but-online-roars-ahead-20200127-p53v6s.html
From the article:
The slowdown in sales hasn't come as a surprise, with the country's retail sector rocked by a string of high-profile collapses and store closures in recent months and consumer confidence mired at one of its lowest points since the global financial crisis.
The figures provide more evidence of weaker Christmas sales, with some analysts concerned the success of the Black Friday weekend may have siphoned sales away from the key end-of-year period. Official data on retail sales for December is due to be released in early February.
Despite the dip, David Jones and Country Road's overall comparable sales were boosted by online sales at both brands.
Online sales at David Jones increased a whopping 61.8 per cent for the half, now making up 10.4 per cent of total sales for the department store. Country Road's growth was more muted, up 6.2 per cent, representing just under a quarter of the company's total sales.
From the article:
The slowdown in sales hasn't come as a surprise, with the country's retail sector rocked by a string of high-profile collapses and store closures in recent months and consumer confidence mired at one of its lowest points since the global financial crisis.
The figures provide more evidence of weaker Christmas sales, with some analysts concerned the success of the Black Friday weekend may have siphoned sales away from the key end-of-year period. Official data on retail sales for December is due to be released in early February.
Despite the dip, David Jones and Country Road's overall comparable sales were boosted by online sales at both brands.
Online sales at David Jones increased a whopping 61.8 per cent for the half, now making up 10.4 per cent of total sales for the department store. Country Road's growth was more muted, up 6.2 per cent, representing just under a quarter of the company's total sales.
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I placed a comment in thread : Signs of the economy at the Street Level
Bakers Delight store closed in my local shop district, and I wondered if this was a more widespread issue. As it turns out it is in Perth.
I wont repeat the detail but can read more on that thread. Page 70 #1395
What I ask in this thread are franchises becoming part of the wreckage that are not so obvious as are major stores shutting down.
Bakers Delight store closed in my local shop district, and I wondered if this was a more widespread issue. As it turns out it is in Perth.
I wont repeat the detail but can read more on that thread. Page 70 #1395
What I ask in this thread are franchises becoming part of the wreckage that are not so obvious as are major stores shutting down.
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I have read every single comment on this thread, even if some were less "Retail" related. My overall feeling from common wisdom of ASF members is: there is likely to be more pain in retail before an overall sector recovery.
So have removed the only retail stock (asx:BLX) that was in the consumer retail space from Speculative Stock Portfolio. By selling BLX which was in the red, it also turns out that the remaining open positions are in the green, which is a rare occurrence for the spec portfolio.
So have removed the only retail stock (asx:BLX) that was in the consumer retail space from Speculative Stock Portfolio. By selling BLX which was in the red, it also turns out that the remaining open positions are in the green, which is a rare occurrence for the spec portfolio.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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Franchises are tricky because, I suspect, because the pain can be endured for longer, especially if the 'mom n pop' shop is the sole enterprise.
Interesting issue to discuss!
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But there are restrictions that can be applied by the parent firm on the individual franchise that could cripple them, so cutting costs to the bare bones or compromising on quality of product may be out of the question. However the good ones will usually come to work out a solution and may be even help the struggling franchisee. Also there are ongoing franchise fees as an extra overhead to consider.
tinhat
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Franchises are probably tricky because in many cases they are just forms of bonded capitalist slavery. Perhaps it's harder to throw in the towel knowing that means getting evicted from the family home that you put up as security to borrow the funds to buy the business in the first place. Walking into a Westfields food court is probably one of the most soul sapping experiences you can experience within the comfort of air-conditioning and artificial light.
It reminds me of all the politicians (those loyal "sons" of Doug Anthony) who pretend to care about their rural and country constituents, those hard working salt of the land farming families just like Barnaby of St Ignatius, yet somehow all the water rights end up in the hands of big agribusiness (some of them - the more selective harvests - listed on the asx and often discussed here) and those good decent country politicians end up "retiring" into consulting to minerals and extractives.
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Yes in the case of a radio talkback about Bakers Delight stores closing some previous owners called in. You have to play (and pay) by the rules. One rule that seemed ludicrous was you had to have FULL shelves right up to 5 o'clock, throwing out what was not sold. Interestingly one owner said that was not the real problem with the franchise, it was the fees that are paid up front regardless of how business is going. It seemed Everyone else gets paid before you cook any loaves.
The general public might not be aware of a general franchise demise as they may only be familiar with a few stores, it may not make the news unless collectively some big numbers of people are losing their jobs. This form of 'retail wreckage' may not be so noticeable.
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Yes, that could complicate things rather than making the decision to close an unprofitable business...
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Again another couple of examples of the changing demographics and tastes of the next generation, we have mentioned that the snob value that the baby boomers placed on some things has changed with following generations, this is having an effect on what they buy.
Unless the retail sector adjusts very quickly, there will be a lot of pain associated with retail.
https://www.heraldsun.com.au/motori...d/news-story/aa629193c7dc55822992196608c5f73d
https://www.wsj.com/articles/harley...orcycle-sales-in-u-s-11580215262?page=1&pos=1
Unless the retail sector adjusts very quickly, there will be a lot of pain associated with retail.
https://www.heraldsun.com.au/motori...d/news-story/aa629193c7dc55822992196608c5f73d
https://www.wsj.com/articles/harley...orcycle-sales-in-u-s-11580215262?page=1&pos=1
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Cars remain a dream in China and Asia overall so they are not disappearing, but Harley Davidson completely missed China.I do not remember seeing any decent motorbike there: roads not for them , the ride is freedom fully out of Asian psyche, I think it is more not that their market is gone as it has changed location, and they are out of wack with the culture.
Try to imagine a 50kg 1.6m high Asian handling a Harvey.....
Cars in China, that's different, so many German luxury cars there, but limited in space and by cost
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Anecdotally I see quite a few guys here in Japan riding Harleys and having the "American spirit" on the weekends. Electric Harleys may be a game changer in the chinese market, in the future, as there are much tougher restrictions there in regards to pollution and the government banning bikes in some cities.
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could be the Japanese bad boy style, but not in China as far as I have seen;As you know, big differences in culture
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The Japanese bad boy bikes, "bosozoku" give it a google it is pretty funny, are JDM and are ridden mostly by young fellas, Harleys are 30y/o +
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Something I'm wondering about is the mainstream media?
Printed newspapers and magazines are stuffed as a business and TV isn't doing much better, radio's the only form of traditional media that seems to still have much of its relevance intact although even that has reduced to some extent.
If there's a broader economic contraction with retail then doesn't that mean less advertising? Will that push one of the TV networks over the edge into collapse for example?
Just a thought which occurred whilst pondering that a decline usually claims "someone big".
Printed newspapers and magazines are stuffed as a business and TV isn't doing much better, radio's the only form of traditional media that seems to still have much of its relevance intact although even that has reduced to some extent.
If there's a broader economic contraction with retail then doesn't that mean less advertising? Will that push one of the TV networks over the edge into collapse for example?
Just a thought which occurred whilst pondering that a decline usually claims "someone big".
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For what it is worth, my son in his 20s never listens to radio, always on Spotify.Something I'm wondering about is the mainstream media?
Printed newspapers and magazines are stuffed as a business and TV isn't doing much better, radio's the only form of traditional media that seems to still have much of its relevance intact although even that has reduced to some extent.
If there's a broader economic contraction with retail then doesn't that mean less advertising? Will that push one of the TV networks over the edge into collapse for example?
Just a thought which occurred whilst pondering that a decline usually claims "someone big".
Never watching TV either
I still listen to radio but gave up on tv..netflix
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