Friday, October 31, 2008 13:01

The “R” word – and it’s not “technical”

In Quotes • 657 views • 14 Comments

In fact, you could feel the impact of the ‘R’ word everywhere you went. Even with sales promotions, shops were rather quiet and very few people actually bought anything. At one time, I was one of only two customers at the Charles & Keith shop on a Saturday morning!

Bangkok Post, on S’pore recession

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14 Comments

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one day
Oct 31, 2008 13:42

sales promotion are everyday things with r or no r.

sales are just big signage to lure shoppers in fact it might not be truely cheap.

for example an optical chain with the name that contain 2 numbers, everyday 365 days they got sales and promotion. but when i went in to see actually it is just gimmicks.

but psychology consumers will surely feel better with all the big signage when buying things.

one day
Oct 31, 2008 13:47

since everyday there is sales and promotion then consumers eventually will not get attract to the catch anymore after sometime.

so i think sales and recession wil not have a linkage anymore.

but maybe fear and news are making people more wary of over spending.

doughnuts
Oct 31, 2008 13:50

but amazingly many hotel buffets are fully booked.

one day
Oct 31, 2008 13:54

yeah many people still do not feel over spending when it come to food.

but will f and b industry also affect in the near future?

or they will not be affected even in a recession?

Tew NS
Oct 31, 2008 15:56

One thing prostitution is recession proof.

In This R times, R to me means
Oct 31, 2008 19:02

Cash is King – So Keep It Before You Lose it In These R Times

In This R times, R to me means

Reduce

Reuse

Recycle

Resurrect

Re-Invent

Redeploy

Rededicate

Refresh

Restore

Repent

Daniel
Oct 31, 2008 20:21

“One thing prostitution is recession proof”
Same goes for the kangaroo judges !

Daniel
Oct 31, 2008 20:23

PayAndPay scheme also recession proof ! More such schemes are coming our way. MORE GOOD YEARS.

karangooni
Oct 31, 2008 22:44

Recession should be time to ‘allow’ businesses which overcharged consumers to accept lower profit and smaller diamonds and bungalows to attract back the crowd.

Its an opportunity to lower the cost of living and bring back some justice to the consumers.

just me 1 cent.

hongjun
Oct 31, 2008 23:03

Poh Kim is another one. For the past 7 years, 365 days per year, I see 50%!

WTF!

one day
Oct 31, 2008 23:18

sometimes we also cannot blames the shops because the landlords are charging very high rents.

in order to reduce the price of goods, landlords like capitaland and f and n should lower down rental in recession first.

then shops can also lower down their selling price as well.

then consumers may benefit.

but capitaland and f and n seem to be link to the government also.

so overall the government should be the first to do something.

help the people if not do not expect people to vote for you in the next election.

do not use grc to win election. fight one to one with the opposition so that people can make a real decision.

James
Nov 1, 2008 2:10

@8 their pays are perhaps inflation proof too. :p

Donaldson Tan
Nov 1, 2008 5:56

Slump in consumer confidence is already present in Singapore. Next thing we should find out if slump in consumer confidence has occured in other Asian economies to determine the likelihood of a non-OECD recession.

Ah Siao
Nov 1, 2008 11:24

#7 Daniel
Haha How dare you group prostitute and our judges in the same set. If I am not wrong, someone is still in the prison for claiming that.

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