Lucylastic
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quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: Lucylastic ... Ratings agency Moody's has changed the U.K.'s sovereign rating from "stable" to "negative," reflecting what it said would be a drawn-out period of uncertainty about the future of the country. ... Amazon.com Inc., for instance, currently uses the U.K. as a major distribution hub. Outsell analyst Michael Balsam says Amazon and other tech companies handling physical goods may re-evaluate their distribution channels if it becomes more difficult to ship across borders. In recent years, the European Union has been taking a strong stance limiting how much personal information that U.S. internet companies such as Google and Facebook can collect from Europeans. In the U.S., stores like Tiffany and Macy's that draw a lot of British tourists to their flagship New York stores could be among those hurt. Foreign visitors account for 40 per cent of Tiffany's flagship business, says Cowen and Co. At the main Macy's store, that figure is 5 per cent. ... If anyone can debunk, please do, I have only read this today, Ive been busy with other things, so accuracy isnt known. No proof for debunction (lol), but I do have some comments. 1. The Amazon comment would be true of any country at any time. The key part is "if it becomes more difficult to ship across borders." Why are they in the UK to begin with? Is it because it was easier to get into the UK than, say, France, Italy, or Germany? I don't see this as having any real impact. If the EU starts a pissing war with the UK regarding border crossing, I doubt Amazon will see any of it. 2. Limiting personal information? That's a damn good thing, imo, but I don't see how it has anything to do with Brexit. 3. Why will a Brexit hurt Tiffany's, Macy's, etc. sales? I do want to call out the pivot from "draw a lot of British tourists" to "[f]oreign visitors." Just because they draw "a lot" of British tourists doesn't mean the 40%/5% figures given are majority British. Just doesn't pass the smell test, so to speak. debunction, lol new word:) Regarding Amazon, it was huge in the UK at the beginning. They had a UK site presence before Canada did. Im guessing with such a heavy population in a small space (the UK) It made sense. In Canada, there is a tiny hub(shipping ccenter), and many many non amazon sellers are in the UK, very few items are actually canadian, and have to be imported. And that gets expensive, but so many sellers in the US for example dont ship to Canada, because of customs and duties. They get a lot of complaints. I know when I send a corset to the UK it costs them nearly 18 % VAT on top. So for me england is perfect for amazon to have the hub, and the prices are better for shipping. Personal information I dont know what the method is right now, When I was living there, everyone has a National Health Insurance number . Obviously BC and passports. But the central NHS holds a lot of personal Info. I dont know way too many things about rule changes there. WHich is why I posted the link, I thought it was an interesting rundown of some issues and that someone here from the UK or Europe can shed light on it. Regarding the sales.. I would think they have specific details on the banking details of customers using a card. I know my sis paid her expenses with a card using the pound rather than euro in exchange rates. Also tourism is a lot depending on the pound vs the dollar..
< Message edited by Lucylastic -- 6/26/2016 8:17:45 AM >
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