• Donation Box

    Please donate to support the community.
    We appreciate all donations!
Sign in to follow this  
Beedio

Are we entering a "Post-consumerist" era?

Recommended Posts

The retail sector in the UK is experiencing serious difficulties as consumers seems to be shunning consumption altogether...

Consumerism in crisis as millennials stay away from shops
January 16, 2019 3.25am AEDT

Christmas may seem like a distant memory, but retailers won’t forget it in a hurry: it was the worst on the UK high street since 2008. Marks & Spencer and Debenhams saw sales fall, while the likes of specialist retailer Halfords and discounter B&M also struggled. Even that most Christmassy of stores, John Lewis, is forecasting a dive in profits after discounting to keep up with competitors.

Put simply, the British high street is a horror story just now. Debenhams, founded in 1778, has seen its share price drop more than 90% over the past year. HMV has gone into administration for the second time in six years and is seeking a buyer. M&S is closing 100 stores, with the latest tranche just announced. An estimated 93,000 UK retail jobs were lost in 2018, and 2019 could well be even worse...

...Yet there is another crucially important culprit that is mostly overlooked. It happens to be the one that poses the most serious long-term threat to traditional retail – more than Brexit or even Amazon. Consumerism is arguably in terminal decline, with millennials leading the change, not only in the UK but in many other leading economies around the world.

Consumer studies academics have been picking up on changing habits for a number of years. This includes an increased ambivalence towards consumption itself: people are buying less often and less overall. This is particularly true in the clothing industry, where research shows that millenials are especially unforthcoming – even after you factor in the shift to online retail.

https://theconversation.com/consumerism-in-crisis-as-millennials-stay-away-from-shops-109827 

Are people around the world finally becoming sick and tired of consumerism?😲

What if an entire generation suddenly wakes up and realize the utter pointlessness of spending a shit of money buying worthless branded shit marketed with lies and deceptions which only profits the Selfish Generation tycoons in their insatiable greed for total dominance of money and power? 😕

 

  • Haha 1

Share this post


Link to post
Share on other sites

It already happening here yr ago about 9yr to 13yr ago when I spotted it.

 

Back then online just started. And I noticed SLS becoming worst 5 years back.

 

 

Share this post


Link to post
Share on other sites

i only buy durables when needed and during sales.

Share this post


Link to post
Share on other sites
48 minutes ago, socrates469bc said:

i only buy durables when needed and during sales.

Last year moi bought a Seiko watch and was planning to buy a Orient Mako this year, maybe followed by a Omega Seamaster someday. 😁

Then earlier this year met up with ex-colleagues who kept haolianing their rolex and dunno wat sexpensive microbrands. 😕

Suddenly a fweeling of disgust swept over moi and moi went to Bugis to buy 3 for $10 watch to wear instead, fuck branding, moi song dahs cannot meh?!?? 😡

Ends up now moi not even wearing watch any more, the desire has evaporated only the hatred for human society remains... 🙄

  • Haha 1

Share this post


Link to post
Share on other sites

yeah no longer wear watch or go pub/cinena or buy alcohol 

only buy economy rice and fairprice snacks 

  • Like 1
  • JSKM 2

Share this post


Link to post
Share on other sites
16 minutes ago, dysentry said:

yeah no longer wear watch or go pub/cinena or buy alcohol 

only buy economy rice and fairprice snacks 

Moi largest monthly expenditure ish money for parents and CPF, actually spent on moiself is only about 6%. 😬

  • JSKM 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this