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Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 2:05 pm
by armchairlawyer
https://www.phnompenhpost.com/business/ ... -expansion
The owner quoted three reasons for the "huge" fall in profits:
1. Shift in markets from Europe to Asia. (Translate - Europeans buying less and Asians won't pay such high prices)
2. Increase in labour costs, salaries going up.
3. Rising spending on admin (???)
His solution:
1. Cut costs (no salary increases for a while).
2. Get Adidas to buy more stuff and/or pay higher prices (good luck with that one - see above).
With continued downturn in Europe and the downturn just beginning in the USA, things don't look too bright for the factory owners. Heaven forbid if tariffs get imposed by the USA or EU.
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 2:10 pm
by General Mackevili
Adidas is my go-to brand these days. Can't go into a sportswear shop to buy a pair of Adidas shoes, socks and a couple t-shirts without spending over $200 though.
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 2:25 pm
by armchairlawyer
General Mackevili wrote: ↑Sun Aug 19, 2018 2:10 pm
Adidas is my go-to brand these days. Can't go into a sportswear shop to buy a pair of Adidas shoes, socks and a couple t-shirts without spending over $200 though.
In the USA or Asia? I'm guessing they price lower in Asia. Maybe I'm wrong.
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 2:32 pm
by General Mackevili
armchairlawyer wrote:General Mackevili wrote: ↑Sun Aug 19, 2018 2:10 pm
Adidas is my go-to brand these days. Can't go into a sportswear shop to buy a pair of Adidas shoes, socks and a couple t-shirts without spending over $200 though.
In the USA or Asia? I'm guessing they price lower in Asia. Maybe I'm wrong.
Typically Bangkok. I could be wrong but it seems their prices are higher than back home.
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 4:36 pm
by IraHayes
armchairlawyer wrote: ↑Sun Aug 19, 2018 2:05 pm
https://www.phnompenhpost.com/business/ ... -expansion
The owner quoted three reasons for the "huge" fall in profits:
1. Shift in markets from Europe to Asia. (Translate - Europeans buying less and Asians won't pay such high prices)
2. Increase in labour costs, salaries going up.
3. Rising spending on admin (???)
His solution:
1. Cut costs (no salary increases for a while).
2. Get Adidas to buy more stuff and/or pay higher prices (good luck with that one - see above).
With continued downturn in Europe and the downturn just beginning in the USA, things don't look too bright for the factory owners. Heaven forbid if tariffs get imposed by the USA or EU.
The US is enjoying an economic boom atm. Forecasts for the 2nd quarter are predicted to be 4% (JP Morgan).
The Fed’s median projection for this year is a 2.8 percent expansion, short of the Trump administration’s three percent goal. But that would be the best annual performance for the economy since 2005, prior to the housing bust, the financial crisis, and the Obama administration’s ill-fated stimulus attempts.
Maybe you were thinking of Europe?
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 5:24 pm
by violet
A pair in PP is around 90 to 150 i think
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 5:30 pm
by armchairlawyer
IraHayes wrote: ↑Sun Aug 19, 2018 4:36 pm
The US is enjoying an economic boom atm. Forecasts for the 2nd quarter are predicted to be 4% (JP Morgan).
The Fed’s median projection for this year is a 2.8 percent expansion, short of the Trump administration’s three percent goal. But that would be the best annual performance for the economy since 2005, prior to the housing bust, the financial crisis, and the Obama administration’s ill-fated stimulus attempts.
Maybe you were thinking of Europe?
The USA has had eight quarters of accelerating growth, an astonishing run, but the party's over now. Wall Street commentators (and the Fed) will be the last to know. Look at how consumer discretionary stocks have peaked and consumer staples are rising. The market is always the first to know.
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 5:33 pm
by Anchor Moy
violet wrote: ↑Sun Aug 19, 2018 5:24 pm
A pair in PP is around 90 to 150 i think
Can you tell the real from the fake ?
Re: Downturn for Adidas supplier
Posted: Sun Aug 19, 2018 5:41 pm
by violet
No. I bought real from the real flagstore
Re: Downturn for Adidas supplier
Posted: Tue Aug 21, 2018 7:59 pm
by Duncan
Anchor Moy wrote: ↑Sun Aug 19, 2018 5:33 pm
violet wrote: ↑Sun Aug 19, 2018 5:24 pm
A pair in PP is around 90 to 150 i think
Can you tell the real from the fake ?
I think these are riel Adidas tee shirts in street 271
