Brexit Is Hurting Consumers Says Bloomberg Opinion's Felsted

The video discusses the slowdown in retail, focusing on ASOS's challenges despite its strong online presence. Factors like declining consumer confidence, the spread of Black Friday discounts, and Brexit's political uncertainty are highlighted. The video also examines ASOS's competition with Amazon and other retailers, noting that Amazon struggles with fashion. The impact of price points and market segments, particularly in menswear, is also explored.

What are some of the factors contributing to ASOS's struggles despite its strong market position?

• Expansion into new markets

• Introduction of Black Friday discounts

• Increase in physical store presence

• High consumer confidence

How has Brexit potentially affected ASOS's performance?

• Reduction in online shopping

• Boost in sales due to new trade agreements

• Political uncertainty impacting consumer spending

• Increased consumer confidence

Which competitor is mentioned as growing strongly and directly competing with ASOS?

• Boohoo

• H&M

• Zara

• Amazon

What is one area where Amazon has not been able to compete effectively with ASOS?

• Electronics

• Home goods

• Fashion

• Books

What trend is observed in the spending habits of young men according to the transcript?

• Increased spending on luxury items

• Decreased spending on expensive trainers

• Stable spending on casual wear

• Increased spending on technology