Reply to: Blood Bath in the City

[DimPrawn]

It's hard to pick an industry that is not being destoyed by digital

SEO?

[AtW]

I went into jessops and explained that I was going to buy from the online store but would be happy to buy from them if they could get close (not beat) the price because it meant I could have the item there and then. Nothing. Just a no from them. I went to currys and they beat the price and threw in a couple of extras also. All retailers put a hefty mark up on the goods they sell. Had they been prepared to drop that markup a little then they would still have been making money, just not quite as much.

Curry's gone bust also.

Yes, they have high markup but that's because of high costs - people, business rates, rent etc.

How can they compete against somebody like Amazon who ships from other countries and avoids paying taxes on profits they make?

If you find some better deal then go get it, don't insult some other company asking to price match it, as a contractor you should be sending your butler to Harrods...

[BoredBloke]

You really need to pick a business whose market has not been destroyed by the digital revolution.

While I quite like Jessops for people like me with photography as a hobby they didn't know enough yet for the average man in the street the shop was scary and their phone good enough.

And there are not enough people who have photography as a hobby to keep 200 chain shops open.

I only ever tried to buy 1 thing from Jessops and they were rubbish. I'd found a camera on the net at a price a bit lower than the high street price. I figured I'd see if any of the high street stores would match it. It wasn't some odd retailer, I think it was somebody like amazon. I went into jessops and explained that I was going to buy from the online store but would be happy to buy from them if they could get close (not beat) the price because it meant I could have the item there and then. Nothing. Just a no from them. I went to currys and they beat the price and threw in a couple of extras also. All retailers put a hefty mark up on the goods they sell. Had they been prepared to drop that markup a little then they would still have been making money, just not quite as much.

[AtW]

You really need to pick a business whose market has not been destroyed by the digital revolution.

It's hard to pick an industry that is not being destoyed by digital

[eek]

Jessops administration: 2000 jobs at risk as camera retailer becomes first High Street casualty of 2013 | Mail Online

High street is much more important macroeconomic indicator than banks who have never solved problem of high cost base.

You really need to pick a business whose market has not been destroyed by the digital revolution.

While I quite like Jessops for people like me with photography as a hobby they didn't know enough yet for the average man in the street the shop was scary and their phone good enough.

And there are not enough people who have photography as a hobby to keep 200 chain shops open.

[AtW]

Jessops administration: 2000 jobs at risk as camera retailer becomes first High Street casualty of 2013 | Mail Online

High street is much more important macroeconomic indicator than banks who have never solved problem of high cost base.

[eek]

1600 jobs from one bank

[BrilloPad]

bonus blood bath


looks like the good times are over

For IBs - yes. For hedge funds the good times are still rolling.

[Bunk]

bonus blood bath


looks like the good times are over

That article is almost a year old.

[BlasterBates]

bonus blood bath


looks like the good times are over

[bobspud]

these guys are the only buggers that had some money left to piss up the wall...

When agencies are telling me that 380 a day is a great rate for a senior architect it does not look like I will be spending much play money this year.

On a separate note I think the retail lot are up to no good... Its only a suspicion but I have had a couple of agencies keep ringing me up over the last few weeks telling me about a big job kicking off I am thinking that they are lining up a virtual bench to cover a rate cut or something...

[alreadypacked]

We can print the missing money. Simples.

[DodgyAgent]

Recruitment agencies of course...

I don't like to brag

[Spacecadet]

Recruitment agencies of course...

WHS

[AtW]

Before we all jump in and join the mindless crowd baying for the blood of bankers let us remember which industry has been the main driver for the enrichment of contractors.

Recruitment agencies of course...