Swagman wrote on Dec 28^th, 2011 at 9:22am:


Hi Swagman,
Are you saying that you'll get top computer advice from Gerry?
Maybe he's alright with plastic tables & sofas but - computers?

Swagman wrote on Dec 28^th, 2011 at 9:53am:


I don't like these computer upstarts.
They treat computers like coffee tables & lamp shades.
It is better to go to a specialist shop in most cases.

Swagman wrote on Dec 28^th, 2011 at 10:03am:


You get a better price & the system you buy can do the job you want.
You don't pay more for extras you don't need.

Bobby. wrote on Dec 28^th, 2011 at 10:00am:


Yeh I'd rather pay less and get more from CPL or ebay than some spotty faced kid at hardly normal who only uses a PC to play DOOM !!

    December 28, 2011


Harvey Norman chairman Gerry Harvey says more shops will close
Source: Herald Sun

AUSTRALIA'S battered retail sector will see more business closures in 2012 after a tough 2011, Harvey Norman chairman Gerry Harvey said today.   

"It's already pre-ordained, set in stone," he told Dow Jones Newswires in an interview.

Retailers have seen their earnings strained in 2011 as consumers tightened their purse strings in the face of higher cost of living pressures and concerns about the global economy.

Natural disasters also dulled spending and shoppers migrated to the internet to take advantage of the buying power of the stronger Australian dollar on overseas websites.

"There are a lot of problems in retail," Mr Harvey said, citing higher utility, wage and rent bills, price deflation and international retail websites as issues.

While upbeat about post Christmas discount sales for retailers, especially his own business, Harvey said they would not be enough to affect full year earnings.



"It's a bit of a help, but not much," Mr Harvey added.

Post Christmas discount sales are a major contributor to retailers' earnings each year, with the Australian National Retail Association estimating Australians will spend $55 billion in the week from Boxing Day this year.

A spokesman for Myer said while he couldn't give post Christmas sales numbers, the department store has seen around two million people walk through its doors around Australia.

"From a sales perspective and movement of stock it's been a good start and within our expectations," the spokesman said.

Several businesses went into administration, including clothing chains Fletcher Jones, Colorado, Bettina Liano and Ed Harry, and the parent of bookshop chains Borders and Angus & Robertson, REDgroup Retail.   

Hopes that cuts in official interest rates in November and December by Australia's central bank might boost consumer confidence and spending in the lead up to Christmas appear to have been dashed since major retailers JB Hi-Fi, Billabong and Kathmandu issued earnings downgrades based on worse-than-expected sales that prompted investors to dump their shares.

Billabong plunged 44 per cent and Kathmandu fell 25 per cent on the days of their updates while JB Hi-Fi fell 15 per cent the day after.

Fellow retailers, department stores Myer and David Jones, and Harvey Norman, have been tarred by association, with Myer's shares down 15 per cent, David Jones down 12 per cent and Harvey Norman down 14 per cent since the downgrades by their peers earlier this month.

Quote:


whinge whinge whine whine !! The world doesn't owe you Gerry !! Suck it up !!

Bobby. wrote on Dec 28^th, 2011 at 6:57pm:


Suck it up batpoo and find your own bloody photo.

That is plagiarism. Do you ever have an original thought?

Always running second batpoo. Never  a winner. Life must be a bytch for you.