Q Talk

[BirkiLady]

@ellaphant  You understand why I sold my stock years ago! At the time there were also health insurance problems for their employees.

It was not about making a profit for me; that can be (and was) done elsewhere. I didn't want anything to do with that family. 

[Foxxee]

I think Walmart's and TJ Maxx's target market is different than QVC's.

I see QVC's shoppers as middle income and for some items, might be attracting higher income.  Those diamond rings aren't cheap.  Walmart is definitely lower income, and TJ Maxx, lower and middle income.  

But, that doesn't mean many middle and some higher income shoppers don't shop at Walmart and TJ Maxx.  I see doctors at my local Walmart.  

I don't see how lower income shoppers could afford QVC's prices.

So, what does this mean that Walmart and TJ Maxx are doing so well and other retailers are not. 

Too many low paying jobs? 

Could it be salaries are not keeping up with rising prices? 

Are they becoming more price savvy shoppers? 

Want to put more in their savings? 

Talk of recession by the media despite there's no evidence and the economy is doing very well. 

Quality for the price and good customer service is also a huge issue.  Walmart has exceptional customer service.  

Interesting product mix...there's always something new at Walmart and TJ Maxx when I go to their stores and visit their websites.  It's funny, my brother-in-law loves to go to Walmart just to look around at all the new things.  By the way, he's far from being lower income.  

[BirkiLady]

@kaydee50  I know nothing about TJ Maxx or the other stores you've mentioned. Have never had any desire to shop in them. My DIL does like TJ Maxx, especially socks, for my grandson's ever growing feet. That's all I remember her buying there. Haven't heard her mention the others. 

ETA: Qurate isn't on my radar as far as purchasing a stock!  None of the TV sales networks interest me at all; never have. 

[chessylady]

@Foxxee There are reasons why a recession is being predicted. Wall Street is nervous about the unpredictability of tariffs, companies are laying off people, there is a certain curve that has predicted the last 5 recessions that has now occured and believe it or not, RV sales are down which is a predictor. We are overdue since the last recession happened 10 years ago. The tax cut ran up our deficit and did not put money back into the economy. Most are predicting the recession for 2020 or 2021.

[Foxxee]

@Kachina624said 

If Wal-Mart went out of business, there would be a major world-wide economic crisis."

@Kachina624 

Not to mention, where would the millions of lower income shoppers go without Walmart, K-Mart, and Target.  

[Foxxee]

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@chessylady wrote:

@Foxxee There are reasons why a recession is being predicted. Wall Street is nervous about the unpredictability of tariffs, companies are laying off people, there is a certain curve that has predicted the last 5 recessions that has now occured and believe it or not, RV sales are down which is a predictor. We are overdue since the last recession happened 10 years ago. The tax cut ran up our deficit and did not put money back into the economy. Most are predicting the recession for 2020 or 2021.

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@chessylady 

If the media continues to talk it up, scaring everyone, we WILL have a recession because people will stop buying.  Tariff, tariffs, tariffs.  Recession, recession, recession.  

Wall Street is nervous every other day.  All one needs to do is sneeze.  But, I do know overreactions can cause serious consequences.  

Why be concerned about tariffs when we have no idea what will happen.  The latest increase was stopped.  So, it's wait and see for me and hoping for the best.

I also know recessions occur aproximately every 10 years.  The way I see it, just because they have been occurring every 10 years, we should create the circumstances that cause one every 10 years so we can say they occur every 10 years???  

As for the tax cuts and the deficit, the Federal Reserve increasing interest rates 9 times also contributed to the deficit.  It's also government spending contributing to the deficit.  They know how to spend money big time. Predictions were the deficit would rise even more without the tax cuts.  Tax cuts got the stagnant economy moving.  

If there is a recession, I'm holding the media responsible because they created it, and we should know by now why they are doing this.

Update: 8/23/19

China doesn't want to play fair.  Puts tariffs on cars and parts.  

More tariffs placed on China in response.  American manufacturing companies urged to leave.  

8/20/19

Home Depot says suppliers are moving manufacturing out of China to avoid tariffs.

[Kachina624]

@ellaphant.  Wal-Mart hires mostly unskilled labor and trains them.  I'm very much against paying workers with marginal skills high starting pay.  In doing so you reward them for not acquiring skills and reduce the incentive to acquire scalable skills, which might benefit society as a whole.  A person's ability to reproduce should not determine his pay on a job.  We have low or no cost training programs through local workforce development nationwide as well as in community colleges so there's no excuse for a person not taking advantage of these opportunities.  Instead they'd rather whine that places won't pay them, in their unskilled stste, $15 per hour.

[Snoopp]

I’m quite familiar with Tjmaxx prices and I think they are going up.  I’m not seeing as many “buys” as I used to.

[LizzieInSRQ]

@Spurt I wonder why you love to post such things on this forum. 

[Spurt]

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@Bhvbum wrote:

Yes TJ Maxx sells clothes but that is about all these companies have in common. (They are both public.)

It is like trying to compare apples and footballs. If you go to the market analysis, these are two very very very different companies.  How many beds does TJ Maxx sell, how many computers, pressure washers.  How many stockholders in one versus the other, if you do your homework you would see there is absolutely no comparison.

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@Bhvbum @LizzieInSRQ 

The reason I posts this stuff is there have been numerous threads posted predicting the DOOM and GLOOM and the death of BRICK & MORTAR stores with the advent of online shopping THAT'S WHY!!!!  It seems that some retail chains that are run by Exeutives that know their stuff can manage to have profits despite a new and changing retail climate and can even entice people to shop IN STORE rather than online.......

@Bhvbum 

Some is different, but many of the stuff they put on air is the same category of merchandise....Many of those SAME handbag brands and even a few jewelry pieces have been sold at TJ Maxx stores...The clothing at TJ Companies is NAME BRANDS  not some QVC HOUSE BRAND and GOOD QUALITY, also some of the SAME shoes QVC sells can be found at the Maxx stores!!! ---Sketchers, Clarks, etc etc... As  many of the stuff that Valerie Parr Hill, Home Reflections, Kringle Express, Lenox etc....And similar quality of linens, throws, decorative pillows, they also sell name brand kitchen items including Le Creuset.....  Meanwhile the HOME category isn't doing very well at QVC.(which TJ Cos DO have in common with QVC, they sell more than clother...ever been to Home Goods?)..even David Venable can only sell so much for the Q......

You see people comparison shop and can find better deals elsewhere.....And you see many comments giving feedback on how uncompetitive and high QVC's clothing and handbag prices are ---they shop elsewhere at all kinds of stores -Read comments and conversation in the Home and Holiday Category--People are shopping at TJ's Walmart, Target, Kohls, Kirklands, even EBAY....And if you think QVC's quality is superior...you've got to be kidding just read some of the reviews and complaints on this very Forum about the merchandise....

Meanwhile QVC's sales decline as the QVC Execs only seem to come up with new show TITLES and play musical chairs with hosts which apparently hasn't improved anything their sales. So QVC can continue the status quo and continue to sell THE SAME OLD MERCHANDISE....Maybe QVC needs to do some re-evaluating of what they sell....The reason I posted the WalMart stuff is some said that Amazon was putting them out of business which apparently isnt the case.  .

Read some of the comments on the thread about the retail stores that are closing....and continue to be posted........What we are talking about is the RETAIL INDUSTRY as a whole as many said....!!Yep, people need to do their homework all right, all I read is, "all retail stores are doing bad".. thats the excuse the QVC "fan club" uses when QVC posts poor results....

And @LizzieInSRQ  you can dont have to read my posts just move along if they dont interest you.....thats what I do with threads that dont interest me....People can post what they want on the Forums as long as it's within the QVC Community Standards & Guidelines!!!  Why do people post about "the royals", disputes with their neighbors, celebrity deaths.....

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