No need for this forum - retail is doing very well at the moment

NoRegretsCoyote

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I think this is well-intentioned, but maybe misplaced.

Retail is doing very well at the moment. Turnover excluding cars and bars was at an all-time high in September.

The businesses that are struggling are services, not retail.
 

Gordon Gekko

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I think this is well-intentioned, but maybe misplaced.

Retail is doing very well at the moment. Turnover excluding cars and bars was at an all-time high in September.

The businesses that are struggling are services, not retail.

I don’t believe that’s the case at all.

Tesco, Amazon, Smyths, O’Briens, and Nespresso might be doing well, but I doubt the type of businesses this initiative is targetted at are.
 
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Brendan Burgess

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“Sales across the retail sector in the first half of this year were down 30% with non-essential retailers closed for three months.


It is hard to see how non-essential retailers are doing very well if they are closed. Unless they have replaced all their bricks and mortar business with online sales. Which is the objective of this forum to help them to boost their online sales.

Brendan
 

Brendan Burgess

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Hi Coyote

This is what the CSO told me which lends support to Gordon's point:

The Retail Sales Index is a sample survey of Irish Registered Enterprises. The sample is approximately 1600 enterprises each month heavily skewed towards larger enterprises. An enterprise = a complete business and where there are multiple outlets it would include all outlets.

Enterprises are classified by their main activity.

The sectors included in the Irish Retail Sales are


NACE 47 Retail trade, except of motor vehicles and motorcycles

The RSI does include internet/online sales of enterprises which have a presence in Ireland (brick and mortar) but these sales are included under the primary activity of the enterprise, e.g. online grocery sales are included in Non Specialised Stores. See table 6 and 7 of the release showing the % of turnover that is transacted online from Irish Registered Enterprises. Online retailers not registered in Ireland but selling to Irish Residents are not within the scope of the Irish RSI.
 

NoRegretsCoyote

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I don’t believe that’s the case at all.

Tesco, Amazon, Smyths, O’Briens, and Nespresso might be doing well, but I doubt the type of businesses this initiative is targetted at are.

I don't make the numbers, the CSO does.


“Sales across the retail sector in the first half of this year were down 30% with non-essential retailers closed for three months.

I never claimed otherwise. The CSO numbers show a huge fall in the spring but the numbers roared back in August and September to all-time monthly highs. October will show a dip due to Level 3 and 5 restrictions but I suspect November and December will be good when the lockdown is relaxed. Right now, I don't think that retailers are in need of any more support than usual.


RSI2020M09FIG1.png


You should all spend some time with the source data and not the typical whinges from special interests :)
 

odyssey06

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I never claimed otherwise. The CSO numbers show a huge fall in the spring but the numbers roared back in August and September to all-time monthly highs. October will show a dip due to Level 3 and 5 restrictions but I suspect November and December will be good when the lockdown is relaxed. Right now, I don't think that retailers are in need of any more support than usual.

I don't understand the point you are making.
Right now it is November and we are in lockdown.

The lockdown runs for the duration of November.
If October will show a dip then why wouldn't November?
We don't know what shape things will be in December and certainly not in the early New Year.
 

NoRegretsCoyote

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@odyssey06

People are unable to spend on services: bars, restaurants, hotels, etc, at the moment. So they are spending much more on goods (retail) because they can't spend on services. You can see this pattern all over Europe.

H1 2020 was brutal for retail but I think on average retail will do a better H2 2020 than H2 2019.

Currently I am much more concerned about the viability of my nearby restaurant than my nearby newsagent.
 

odyssey06

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@odyssey06
People are unable to spend on services: bars, restaurants, hotels, etc, at the moment. So they are spending much more on goods (retail) because they can't spend on services. You can see this pattern all over Europe.
H1 2020 was brutal for retail but I think on average retail will do a better H2 2020 than H2 2019.
Currently I am much more concerned about the viability of my nearby restaurant than my nearby newsagent.

What newsagents are shut?
 

huskerdu

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You are missing the point. Overall retail spend being up is not going to help small retailers if their market share is reduced.

With bricks and mortar shops closed, much retail spending is going online. Large multinationals have a strong presence online and a large advertising budget are likely to take a much larger cut of the spend, unless people put a bit of effort to find the online shops for smaller local retailers.


Its everyone individual choice which online retailers to support, but I am interested in knowing more about what is available so I can decide where I buy.
 

Brendan Burgess

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Currently I am much more concerned about the viability of my nearby restaurant than my nearby newsagent.

Hi NRC

That is a good point. Tescos and Spar shops are not in difficulty as far as I know. Amazon is not in trouble.

But I think that most of the retail classes that I have started threads about are suffering.
They are trying to replace the bricks and mortar sales with online sales.
So I hope this forum will help them.

In particular, November would be the second best month for most of them and most of them are closed. And they must be very worried about December as well.

I will remove any links to tesco online or spar online.

Brendan
 

Leper

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1. We are not in lockdown. All of us can travel within 5 kms of home to exercise and further if we must go to work. Lockdown (as far as I am concerned) means the equivalent of house arrest and being confined within the confines of your home (this happened in Spain earlier this year).
2. If this forum can help any Irish business to maximise sales during Covid, it is a good day for the retailers and a good day for the forum.
3. Let's cut out the harmful talk and try and keep Ireland Ltd up and running as much as possible. It's time to consign sacred cows to the bin.
 
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