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So you don't make the same kind of margin, but you can top up: you've solved the old story that if it's not on the shelf you can't sell it. Now though big players have come into the market and they've driven the price down so much that there's huge pressure not to use those secondary suppliers because the margin pressure is so hard that if you put the product made in Turkey, for example, on the shelf, you can't possibly sell it - and this applies to fashion products as well - against products http://www.thenorthface-saleuk.co.uk/ from Bangladesh or Burma.Stephen North: Do you think though that the lower-end retailers will have a good Christmas because people will still be buying but spending less?Annie Guerard: Yes, I think so.Stuart Reynolds: Looking at the market at the moment, we're trying to push from branded to non-branded - so Sainsbury's own-brand. We believe that's a really good move because you still get the quality but you save X per cent. There's a lot of change in the way that we're marketing.Brian Shanahan: Going back to the original question about opportunities in the crisis: look at what Philip Green's doing for example. There are opportunities here: the asset-valuation of companies is ridiculous. I could almost buy General Motors for $200 million. If you are an organisation with bundles and bundles of cash, and you don't have these constraints - a minority of companies, but some of them - there are bargains to be had.Stephen Northnorth face jackets uk It's like the housing market isn't it?Gavin Jones: Certainly in the US - we're very fortunate because we sit on a large pile of cash as a result of a divestment programme from last year - we think there will be opportunities to take checkout individual stores from a competitor, or some of the smaller family-run operations that don't have the same access to capital that they once did. But mostly it'll be those like Philip Green who can profit; the credit for acquisitions that was there just isn't going to be available now. It'll either be share-based deals or cash deals for those organisations that have cash on their books.Brian Shanahan: mens north face jackets cheap of the things that's very interesting at the moment is that if you look at the private equity market, they stopped buying stuff months and months ago, but if you look at the companies they have bought and taken private, often they've taken a company and split it up, and different organisations have taken different bits, and now as individual parts they don't add up into sustainable companies because they don't have full north face backpacks sale. So they have to build a procurement function, build the finance function, get systems in, build or rent a head office, all that kind of stuff. www.google.comhttp://blog.yahoo.com/_7L5V7YUY3ODUWX7FGWA3NBV6ZI/articles/1114208/index http://zhaohui12.blogspot.com/2013/02/north-face-arctic-fleece-ski-gore-tex.html
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