Says it excludes AV accessories which is the usual high margin things, the rest of it will be no better than any other "sale" that they have all the time.

Cost is roughly 16.5% less than selling price.

Rather shop during black friday. https://www.cheapies.nz/node/9309 

There are lies, damn lies, and cost prices.

Is this
- 'standard cost from the supplier' before any rebates?
- 'standard cost from the supplier' after any rebates?
- 'standard cost from the supplier' excluding any current supplier specials?
- 'standard cost from the supplier' plus a share of the operating costs for the store (rent/power/wages/etc)?
- etc etc

When buying, as always, shop with your eyes open.  Are you prepared to pay a little more from a stable retail chain with good after-sales service, or have you done your homework and want the item at its absolute cheapest price and you are prepared to use a discount outlet understanding there may be next to no service if something goes wrong?

If something in this sale interests you, perhaps take a smartphone and google for prices while you are there or use https://price.geekzone.co.nz/ and then think about cost vs service before buying.

Trick with these is that it's typically NL cost when they brought the stock, not what it might be today. Dick Smith got caught with a bunch of apple kit that had high pricing, didnt turn over, and then had a higher rrp than new (apple watch going from 599 to 499 etc)

The link doesn't work, is the promotion finished? 

Working for me.

Odd, i get this...

ERR_NAME_RESOLUTION_FAILED

Tried nslookup, and....

nslookup my.n3.co.nz
Server: fritz.box
Address: 192.168.178.1

*** fritz.box can't find my.n3.co.nz: Server failed

Checked my network adaptor settings, and it is set to obtain dns automatically, and, the fritzbox is set to use the ISP dns server (ie, no manual override). 

Tried flushdns etc, but still not working .

I bet i'm missing something really stupidly obvious haha. 

Works for me on my own dns server at home.

Works for me.  

Hard to read but appears "cost price" equals the average price for the product not including volume discounts, handling, or administration costs.  In other words worse than you can probably get at any other sale on any given weekend.  Nothing more than human click-bait for the magpies attracted to shiny sale tickets.  

While I was at Harvey Norman a few weeks ago looking at washing machines I overhead the salesman going away, checking the computer and tell the people it was around $1.50 more than their cost and that didn't include his commission so they would be losing money. It was the perfect opportunity to accidently shout out "bullshit".

Sales people in stores like Harvey Norman don't know what the true cost is for a product. They see what the company wants them to see, a figure which excludes all supplier rebates and incentives which form the bulk of their margin. The more of brand X they sell, typically the larger the rebate.

Wandered down to the local NL this morning, voucher in hand.

Asked if it applied to GPS units - yes it does.

I was after a Garmin Drive 50LMT - retails for $219.99 - with f&f offer their price would be: $205.75 - but no stock anywhere so would need to be ordered in.  I said: "don't worry for now".

Went across to JB HiFi, they've got lots of them on the shelf, asked for their best price - $199.  Deal done.

floydbloke:

 

 

 

Went across to JB HiFi, they've got lots of them on the shelf, asked for their best price - $199.  Deal done.

 

Thank you.  That is a beautiful example of how 'cost plus' sales can sound more attractive than they really are.

The thing is, NL does these Cost plus sales, and they are cost plus 5 or 7%, which is about their normal floor margin anyway. Some higher margin items (accessories, headphones etc.) are good prices on these deals, TVs are not (generally - exceptions apply for TVs that aren't normally discounted like large, slow moving lines).

If you are a Farmlands shareholder, NL give cost + 5% all year anyway.

You can't combine it with items already on sale though. Some things it is handy for - the cleaning fluid for my electric razor drops from around $25 to $16 for example and I got a hefty discount off a micro SD card. Other things, not so much.

Like others we regularly get these deals through a union. I've used it a few times in the past to get some good discounts, and at the same time some not so good ones. Got over $200 off my first Note with it, than saved about a dollar on the case to go with it... With a similar deal at HN we saved about $600 on a heatpump and around $250 on a washing machine (a 25% saving on that one). No harm in asking.