40 Stores to Close... (part 2)

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pabenny
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Re: 40 Stores to Close... (part 2)

Post by pabenny » Tue Dec 04, 2018 1:25 pm

The financials at eBay appear healthy, but I rather wonder what's driving their discounting - repeated short-time offers of 10%, 15%, even 25% off for different country sites.

With standard UK seller fees at 10% - and presumably much less for big volume sellers, eBay must be losing money on these discounts. I can understand a one-time promotion to help hit quarterly results or and discounts across a limited range of sellers may be part-supported by sellers. But across the board discounts look like a sign of distress.
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Re: 40 Stores to Close... (part 2)

Post by planteria » Wed Dec 05, 2018 10:01 am

i wouldn't worry too much about ebay's business model.. they have the scale and cash to experiment with what works for the business. i've never owned the shares, but i wouldn't mind.
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Re: 40 Stores to Close... (part 2)

Post by expressman33 » Wed Dec 05, 2018 4:09 pm

pabenny wrote:
Tue Dec 04, 2018 1:25 pm
The financials at eBay appear healthy, but I rather wonder what's driving their discounting - repeated short-time offers of 10%, 15%, even 25% off for different country sites.
You may notice that the price of goods often increases just before these discounts are announced ( but not always)

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Re: 40 Stores to Close... (part 2)

Post by pabenny » Wed Dec 05, 2018 4:12 pm

Quite possibly when there is a limited range of sellers. But clearly not possible when the discount is site-wide.
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Re: 40 Stores to Close... (part 2)

Post by Constantine » Thu Dec 20, 2018 8:04 pm

The High Street Report now available
https://www.gov.uk/government/publicati ... eet-report

Its author, John Timpson, you all know Timsons, says "We probably have about twice as many shops as we need. "
https://www.bbc.co.uk/news/business-46630861

Conclusion, a lot more stores to close.

Mr Timpson adds "But we are short of housing." Obvious alternative use available.
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Re: 40 Stores to Close... (part 2)

Post by TattyBear » Thu Dec 20, 2018 9:20 pm

Clearly there's somewhat of a paradox in Timpson's report. Too many shops, not enough housing, he says. Well, if you build more houses, you're putting more people in an area. This will invariably increase the need for basic retail facilities ie small local supermarkets, clothing, newsagents, restaurants etc etc.
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Re: 40 Stores to Close... (part 2)

Post by pabenny » Fri Dec 28, 2018 11:05 am

And HMV is on the edge (again).
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Re: 40 Stores to Close... (part 2)

Post by blythburgh » Fri Dec 28, 2018 11:08 am

Milton Keynes reckons that they did well in the post Christmas sales unlike many shopping centres.

I have been to Milton Keynes, went there once and felt that was once too often so it was not me boosting the footfall. In fact the only shopping we have done since Christmas Eve is buying some milk at the corner shop yesterday.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 40 Stores to Close... (part 2)

Post by William Joseph1 » Fri Dec 28, 2018 11:37 am

pabenny wrote:
Fri Dec 28, 2018 11:05 am
And HMV is on the edge (again).
https://www.bbc.co.uk/news/business-46699290

Remember to use any Gift cards in the Next couple of days or they may not be accepted.
Last edited by William Joseph1 on Fri Dec 28, 2018 1:56 pm, edited 2 times in total.
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Re: 40 Stores to Close... (part 2)

Post by Sarah » Fri Dec 28, 2018 12:44 pm

This article (which mirrors a report from BBC news yesterday) is pretty damning for the high street too; it documents the fall in the value of shopping centres, some by as much as 90% in recent years. Quite a number of them are being purchased by local councils, either to secure options for redevelopment or as investments:
Wigan Council bought the struggling Galleries Shopping Centre for £8m in March, more than 90% less than it was worth in 2006 when it was traded for £83m.
https://www.bbc.co.uk/news/business-46625912

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