Thread: Covid 19 -
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Old 08-01-2022, 06:31 PM   #17843
b0son
FF.Com.Au Hardcore
 
Join Date: Feb 2005
Posts: 5,149
Default Re: Covid 19 -

Quote:
Originally Posted by T3rminator View Post
The retail and hospitality sectors have taken their biggest spending hit since Delta lockdowns, ANZ says
https://www.businessinsider.com.au/r...r-spending-hit
Hard to feel sorry for the retail sector. Sales are few and far between (meaningful ones, where the price is actually discounted), many shops charging like wounded bulls, with the cost of a lot of goods up astronomically. For example, I had gimbal/camera which I broke at the beginning of the year and needed to replace. Not once have I seen it below RRP all year. The drawers I bought for our 4wd in 2018 are now DOUBLE the price. I could sell my camper trailer for more than we paid for it two years ago. There's a lot of profiteering going on.

Restaurants may be empty, but deliveries are busier than ever. If a restaurant hasnt adapted in the last 18mths+, well, that's on them.

I dont see the point of throwing money at these sectors. Omicron ain't delta, this will be over in 2-3 weeks. Hospitalisations are already showing signs of peaking.
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