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Old 04.01.2012, 13:08
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Swiss retailers Coop and Manor have joined forces to ask for a minimum exchange rate of 1.40 francs ($1.50) per euro and longer opening hours.

Read the full article: Swiss retail giants call for weaker franc
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Old 05.01.2012, 02:42
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Re: Swiss retail giants call for weaker franc

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Swiss retailers Coop and Manor have joined forces to ask for a minimum exchange rate of 1.40 francs ($1.50) per euro and longer opening hours.

Read the full article: Swiss retail giants call for weaker franc
To have the "PEG" at € 1.35 as a minimum is an absolute requirement.
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Old 05.01.2012, 03:07
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Re: Swiss retail giants call for weaker franc

Hopefully, Mrs Hildebrand can hold back buying Euros this time ;-)
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Old 05.01.2012, 09:01
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Re: Swiss retail giants call for weaker franc

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To have the "PEG" at € 1.35 as a minimum is an absolute requirement.
absolute requirement for what?
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Old 05.01.2012, 09:09
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Re: Swiss retail giants call for weaker franc

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To have the "PEG" at € 1.35 as a minimum is an absolute requirement.
Absolute requirement to guarantee we end up with huge inflationary rises since COOP is clearly struggling they only made a 38.9% rise in profits in the last 12 months!!

COOP and Migros need to learn its Aldis and Lidls operating within Switzerland and with the same market conditions that have their business model worked out, people who are shopping outside the country to avoid the highway robbery prices of COOP and Migros will still do it at 1.60-1.70 exchange rates.

They should be told to stop complaining and set their prices at a realistic competitive price and then people wont need to go outside the country.
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Old 05.01.2012, 13:24
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Re: Swiss retail giants call for weaker franc

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To have the "PEG" at € 1.35 as a minimum is an absolute requirement.
You would have done well as the finance minister/central banker somewhere in the Warsaw Pact . They also believed in 'fixes' here, 'controls' there. Literally anything except accepting the function that is called 'price'. Prices send signals to the rest of the economy.
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Old 05.01.2012, 13:41
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Re: Swiss retail giants call for weaker franc

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Absolute requirement to guarantee we end up with huge inflationary rises since COOP is clearly struggling they only made a 38.9% rise in profits in the last 12 months!!

COOP and Migros need to learn its Aldis and Lidls operating within Switzerland and with the same market conditions that have their business model worked out, people who are shopping outside the country to avoid the highway robbery prices of COOP and Migros will still do it at 1.60-1.70 exchange rates.

They should be told to stop complaining and set their prices at a realistic competitive price and then people wont need to go outside the country.
Once you've privatized profits and socialized losses and once you have a government supported/protected market, where's your motivation to be 'competitive'? Who are the polticians more concerned about: Coop and Migros or you? Same shit, different country.
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Old 05.01.2012, 13:47
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Re: Swiss retail giants call for weaker franc

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Swiss retailers Coop and Manor have joined forces to ask for a minimum exchange rate of 1.40 francs ($1.50) per euro and longer opening hours.
Almost all consumer products are imported these days, therefore they should become cheaper as the Franc rises. But instead of passing on their savings to the consumers, retailers and importers cash in on their windfall profits.

Coop and Migros (and many other retailers/importers) have no qualms to import cheaply made stuff from China and sell it at huge markups (e.g. sometimes at double or triple the US price) but as soon as the consumers start to take advantage of globalization and free markets they cry for the government and the central bank to intervene. What a bunch of greedy hypocrites!
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Old 05.01.2012, 14:19
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Re: Swiss retail giants call for weaker franc

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Hopefully, Mrs Hildebrand can hold back buying Euros this time ;-)
When she buys then we all buy
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Old 05.01.2012, 14:26
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Re: Swiss retail giants call for weaker franc

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Almost all consumer products are imported these days, therefore they should become cheaper as the Franc rises. But instead of passing on their savings to the consumers, retailers and importers cash in on their windfall profits.
It's called Capitalism.
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Old 05.01.2012, 14:32
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Re: Swiss retail giants call for weaker franc

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It's called Capitalism.
Yes. But asking for government intervention at the slightest hint of competition certainly isn't.
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Old 05.01.2012, 14:32
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Re: Swiss retail giants call for weaker franc

Come on guys, have a little bit of understanding. If they see a profit possibility, they would be stupid not to use it. Of course they are robbing us, but why shouldn't they rob us more if we allow them? And it is our right as consumers say to them - f@@k you all!
I never do major shopping in this country, unless it cost equally or less for some obscure reasons. If some feel the need to "support local economy" be my guest, but don't expect same from me. Too bad I don't live close enough to border to do grocery shopping there. It makes some sense to buy from locals on weekend markets, but that's it. And if there would be french growers standing next to swiss selling for half the price, guess what...
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Old 05.01.2012, 14:33
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Re: Swiss retail giants call for weaker franc

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But asking for government intervention at the slightest hint of competition certainly isn't.
Very true, that bit is called socialism .
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Old 05.01.2012, 14:41
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Re: Swiss retail giants call for weaker franc

I went shopping in France and the parking was full of Swiss cars. We also noticed an increased control from the customs when entering Switzerland. They do check the quantities of meat you buy.
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Old 05.01.2012, 14:56
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Re: Swiss retail giants call for weaker franc

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Yes. But asking for government intervention at the slightest hint of competition certainly isn't.
No, that's called privatising profits and socialising risks and losses.
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Old 05.01.2012, 15:04
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Re: Swiss retail giants call for weaker franc

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I went shopping in France and the parking was full of Swiss cars. We also noticed an increased control from the customs when entering Switzerland. They do check the quantities of meat you buy.
Customs? You were lucky to find a manned post. I have given up trying to get VAT back; the Customs posts are always deserted!
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Old 05.01.2012, 16:03
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Re: Swiss retail giants call for weaker franc

I'd be very much in favour of longer opening hours but If I recall correctly this very idea was shot down in a vote not too long ago..? (at least in Fribourg though they were going to shorten saturday and lenghten another day (or something) so not really extra hours, just moving them around but still)
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Old 05.01.2012, 16:06
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Re: Swiss retail giants call for weaker franc

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Customs? You were lucky to find a manned post. I have given up trying to get VAT back; the Customs posts are always deserted!
There's a box somwehere in those "posts" where you can self filled your "vat back".... apparently you put your document to stamp, fill your data and just put it there---

I never done it because it's pain in the ass (long form) and i'm quite sure-or scared- that there's going to be some admin charges...

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Old 05.01.2012, 16:34
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Re: Swiss retail giants call for weaker franc

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Yes. But asking for government intervention at the slightest hint of competition certainly isn't.
China catches all kind of flack for allegedly keeping their currency artifically low. When Switzerland artifically devalues the currency it's "OK" and it should be pushed lower.

Fiscal double standards.
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Old 05.01.2012, 16:46
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Re: Swiss retail giants call for weaker franc

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Very true, that bit is called socialism .
You're not very good at this.
 




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