Posted by Sebastian on December 9, 2008 at 12:16pm
Trends in store liquidation present and future?
Who plays vital role (auctioneer, wholesalers, retailers)?
What would be the level of impact on cost/prices/saving?
Friday, January 4, 2002 The Company Doctor wrote in Houston Business Journal: "Some very valuable lessons were gleaned from the dot-com crisis."
Management apparently abandoned sound business principles and assumed its Web-based business was a bottomless well of increasing orders, even though it was still losing money. It's not hard to imagine what happened next.
The economy of Japan since early 90's teaches what is happening on a world wide scale today.
Take a look at what Wikipedia has to say about the Japanese economy in stagnation. We're facing the same on a global scale. That means: it's not going to be an easy ride from stagnation to growth. It will take years. At the beginning of next year we're going to see new impacts.
The economy of Japan is the second largest economy in the world, after the United States, at around US$4.5 trillion in terms of nominal GDP and third after the United States and China when adjusted for purchasing power parity. The workers of Japan rank 18th in the world in GDP per hour worked as of 2006.
Japan's economy is highly efficient, highly diversified, and very competitive, being ranked 19th among 111 countries on productivity. Japan has a well-educated work force and high levels of savings and investment rates.
For three decades, Japan's overall real economic growth had been spectacular: a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s.[4]
Sliding stock and real estate prices marked the end of the "Japanese asset price bubble" of the late 1980s, and ushered in a decade of stagnant economic growth. These problems may have been exacerbated by domestic policies intended to wring speculative excesses from the stock and real estate markets. Real GDP in Japan grew at an average of roughly 1.5% yearly between 1991-1999, compared to growth in the 1980s of about 4% per year. Growth in Japan throughout the 1990s was slower than growth in other major industrial nations, and the same as in France and Germany. Government efforts to revive economic growth have met with little success and were further hampered in 2000 to 2001 by the slowing of the global economy.[5] However, GDP per worker has increased steadily even through the nineties, given that from 1993 to 2007, 10% of the population distribution moved from the "working age" to "elderly age".
Starting in 2003 Japan's economy began to recover, growing at 2.0% per year in 2003 and 2004, and 2.8 percent in 2005. Unlike previous recovery trends, domestic consumption has been the dominant factor in leading the growth. As predicted, the economic recovery continued in 2006 and 2007.
Sebastian > Helge V. KeitelDecember 10, 2008 at 1:07pm
hey i did find few information; i would like to list down a few.
I find the auctioneer plays a dominant role in liquidating the merchanidzing used equipment.
The current economic conditions in US has favored the auctioneers to experience a huge revenue in this used equipment segment.
Recession has impacted the stores and major super markets to shut down incrasing the avilability of used equipment
Decreased consumer spend has increased demand or market for old used equipments.
Please suggest me whether this is in the right direct.
I still need to figure out whether the retailers or wholesalers or manufacturers demand element. i'm trying to figure out who drives this industry and which segment at a high level.
The Finnish economy is still in a quite good shape, even though the economic activity of the consumers is pointing downwards. There is a remarkable stagnation in the Baltic Countries and eyewitness reports tell us that stores related to building, interior decoration and expensive appliances are facing the lack of customers and turnovers will go down dramatically. The Christmas sales will tell what happens in Europe and USA.
Liquidation of stores will most probably be a more visible trend from our point of world view during 2009.
Resellers of consumer goods have already been forced to drop their prices.
Hotels in Europe are slashing prices.
We've to return to basics and companies have to move from short term profits to more long term sustainability.
Crisis Management will be in great demand. Politicians are trying to save the automobile industry. This will end up into a chain reaction of subsidized car manufacturing. Tax payer money will be used to ensure that "old structures" get a longer life span.
But after these initial steps the survivors will be businesses that are adapting to the trends of tomorrow. Very few people are able to say or see what those trends are.
* Open innovation
* Lean management
* High productivity
* Global operations
* Flexibility
* Customer centric
* Basic needs
* Competitive pricing
Sebastian > Helge V. KeitelDecember 9, 2008 at 4:19pm
Thanks for the note; the industry which I try to analyze is how stores like supermarkets/grocery liquidate their used equipments.
It has been highly witnessed that leading supermarkets/grocery stores are initiating in liquidating their used equipments in order to re-model their stores.
Please let me know if you could provide your insight on the same.
Replies
Management apparently abandoned sound business principles and assumed its Web-based business was a bottomless well of increasing orders, even though it was still losing money. It's not hard to imagine what happened next.
The economy of Japan since early 90's teaches what is happening on a world wide scale today.
Take a look at what Wikipedia has to say about the Japanese economy in stagnation. We're facing the same on a global scale. That means: it's not going to be an easy ride from stagnation to growth. It will take years. At the beginning of next year we're going to see new impacts.
The economy of Japan is the second largest economy in the world, after the United States, at around US$4.5 trillion in terms of nominal GDP and third after the United States and China when adjusted for purchasing power parity. The workers of Japan rank 18th in the world in GDP per hour worked as of 2006.
Japan's economy is highly efficient, highly diversified, and very competitive, being ranked 19th among 111 countries on productivity. Japan has a well-educated work force and high levels of savings and investment rates.
For three decades, Japan's overall real economic growth had been spectacular: a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s.[4]
Sliding stock and real estate prices marked the end of the "Japanese asset price bubble" of the late 1980s, and ushered in a decade of stagnant economic growth. These problems may have been exacerbated by domestic policies intended to wring speculative excesses from the stock and real estate markets. Real GDP in Japan grew at an average of roughly 1.5% yearly between 1991-1999, compared to growth in the 1980s of about 4% per year. Growth in Japan throughout the 1990s was slower than growth in other major industrial nations, and the same as in France and Germany. Government efforts to revive economic growth have met with little success and were further hampered in 2000 to 2001 by the slowing of the global economy.[5] However, GDP per worker has increased steadily even through the nineties, given that from 1993 to 2007, 10% of the population distribution moved from the "working age" to "elderly age".
Starting in 2003 Japan's economy began to recover, growing at 2.0% per year in 2003 and 2004, and 2.8 percent in 2005. Unlike previous recovery trends, domestic consumption has been the dominant factor in leading the growth. As predicted, the economic recovery continued in 2006 and 2007.
I find the auctioneer plays a dominant role in liquidating the merchanidzing used equipment.
The current economic conditions in US has favored the auctioneers to experience a huge revenue in this used equipment segment.
Recession has impacted the stores and major super markets to shut down incrasing the avilability of used equipment
Decreased consumer spend has increased demand or market for old used equipments.
Please suggest me whether this is in the right direct.
I still need to figure out whether the retailers or wholesalers or manufacturers demand element. i'm trying to figure out who drives this industry and which segment at a high level.
Liquidation of stores will most probably be a more visible trend from our point of world view during 2009.
Resellers of consumer goods have already been forced to drop their prices.
Hotels in Europe are slashing prices.
We've to return to basics and companies have to move from short term profits to more long term sustainability.
Crisis Management will be in great demand. Politicians are trying to save the automobile industry. This will end up into a chain reaction of subsidized car manufacturing. Tax payer money will be used to ensure that "old structures" get a longer life span.
But after these initial steps the survivors will be businesses that are adapting to the trends of tomorrow. Very few people are able to say or see what those trends are.
* Open innovation
* Lean management
* High productivity
* Global operations
* Flexibility
* Customer centric
* Basic needs
* Competitive pricing
It has been highly witnessed that leading supermarkets/grocery stores are initiating in liquidating their used equipments in order to re-model their stores.
Please let me know if you could provide your insight on the same.