Originally Posted by
mstateglfr
All sorts of industries were surprised that numbers for interest/sales havent kept at high levels.
This is particularly dumb. Expecting people would keep buying computers/pelotons/bicycle after buying them while stuck at home made no sense. There is no way people could sustain those purchase levels.
Originally Posted by
mstateglfr
The benefit of hindsight is strong in this instance. You sitting here saying 'of course it was bound to come down' with confidence of knowing you are right since its come down and will continue to come down doesnt mean their hiring at the time was an exception.
It's not a "hindsight" issue anyway.
It should be clear to everybody
now that there COVID exceptions and that there would need to be corrections. What's happening is that current layoffs/etc are being considered as exceptions when things have been cooling off for over a year already.
It shouldn't be a surprise.
People should have seen the COVID exceptions as exceptions when they happened.
The real take-away is that business people are not as smart as they sell themselves.
Originally Posted by
mstateglfr
The entire exercise industry was going to transform and shift to a new normal(<--talk about a phrase that sounds more clever than it is). That hasnt happened, clearly.
"New normal" is a good way to describe it. Peloton might be the biggest example of thinking that the massive increase in sales would continue. PC manufactures are another. Bicycles too.
The case with Amazon is different. COVID got more people used to buying things online and "brick and mortar" stores suffered. I doubt that will come back to match pre-COVID levels.
All sorts of things are described as drops from abnormal COVID levels when it makes more sense to compare the change to pre-COVID levels. One reason people don't do that is that it's less "dramatic".