Recession

The Guardian has posted five points to why they think we are in a recession and I couldn't agree more, one of the points is that second hand goods all the rage, i think it's great that they have become so popular as you never have to pay that much for second hand goods. Another point was DVD sales on the increase, is it any wonder that are up in sales if the cinema charges £7.00 for a film. I understand that they have to make a profit but really is there any need with DVDs as less as £3.00for some big titles in the supermarkets it's time for the cinemas to start slashing prices!

Extra Bank Hoilday!!

Union leaders and voluntary groups have stepped up their campaign to have another bank holiday in October. I personally think this is a great idea I think that the four month gap is too long and we should have one in between. But as we are facing a recession should we close our business for an extra day of income that could of been earned. What do you think is an extra bank holiday needed?

Wispa Hit

Is it possible that bringing back one chocolate bar can boost sales.

Birmingham based Cadburys has just announced an 11% rise in UK sales.  The Wispa hit selves last month after it was in high demand to be brought back. Maybe the secret to a good business is to listen to the consumer and give them what they want! I find it fascinating that one chocolate bar can make all the difference i bet Cadburys are giving themselves a big pat on the back for finally bringing it back. It is a good chocolate bar!

JJB Selling Stores???

JJB has today announced that it may sell off all its older stores that are less profitable to them, is this a step to make sure they aren't losing to much money and have plenty left in the bank. Powerleague have just taken over 69 pitched operating by JJB, the deal including one of the worlds biggest 5-a-side centre in Old Trafford.

Is it possible that JJB is feeling the pinch and having to get out while it can, it seems all the larger business are coming into financial trouble with money matters taking a turn for the worst.

Pepsi Cut Backs

Another company has just announced a big job cut. Pepsi is set to axe 3,300 jobs to save £681 million over three years . The comapny is claiming to be cost cutting due to falling profits. 

At the time of an economical crisis it isn't surprising that Pepsi is losing money. It would be interesting to see what sorts of businesses are making money and are not losing profits. 

What also grabbed my attention and referring back to a previous blog is that the luxury brand Burberry have just released strong sales. Does this then backing up my point that the wealthy just aren't affected by the credit crunch?

I also learnt that the Pepsi brand also owns Walkers Crisp, Quaker Oats and Copella fruit juice with three business you are set to lose money, but is it necessary to cut so many jobs?

Surely they were employed for a reason are they closing down a factory, or just cutting back this takes further exploring 

 One thing is for sure the credit crunch is biting!

Starbucks Shame

I was horrified to see the front page of The Sun on Monday morning....my favourite coffee shop on the front page for all the wrong reasons. If you saw the headline you know what I'm taking about..if not I will in lighten you.

The Sun discovered that Starbucks wastes, well pours millions of liters of perfectly good water away in a day! Not only is this an environmental issue but it also has to do with businesses.

What business encourages employee's to run a water tap constantly in all 10,000 outlets worldwide. Not only is this a businesses that brags about its use of fair trade coffee and helping the environment with its environmenetal friendly cups, this business is preaching one thing than doing another being our backs!

I wonder what affect this article will have on Starbucks as a whole, will it affect the sales or will it just generate the same business as usual. Being a Starbucks fan myself, I know it's bad but this won't effect my decision to get coffee their each and every day.

I will still go there and have my skinny signature hot chocolates but I am grateful that this article has brought light to a bad habit that needed to be stopped, but I wonder how damaging it will be on the business.

Credit Crunch!!!

As the credit crunch starts to bite into businesses throughout the North West, how is it possible that the Franchisee Nigel Dunnington has just recently announced a 60,000 pound refurbishment to the Deepdale Mc Donald's store?

The reason behind the refurbishment is bad sales which he hopes will increase once refurbishment has taken place. Mr Dunnington puts his poor sales down to "parking not being easy for people to access at weekends" If only all businesses that shut down where that easy to fix and just had to refurbish to boost sales!

What surprises me the most is how we can have these two types of extremes. On one hand we have a considerably amount of wealth and on the flip side we have such poverty in businesses that are seeing so many cut backs and closers. It is such a crazy world we live in.