Dick Smith in store decline

Forums › Off topic › Dick Smith in store decline

1 | ... | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | ... | 94

4100 posts

Uber Geek
+1 received by user: 887

#1461035 4-Jan-2016 14:33

eracode: O-oh - here we go:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11569077

It could be a very bad thing.
Or, it could be a very good thing.
Restructuring debt can be favourable, after all.

tripp

3848 posts

Uber Geek
+1 received by user: 1220

Trusted

Lifetime subscriber

#1461055 4-Jan-2016 15:20

Funny how it's right after xmas and New Years 😬

Things will be interesting Wednesday

scuwp

3927 posts

Uber Geek
+1 received by user: 2510

#1461058 4-Jan-2016 15:25

Fire sale?

Lazy is such an ugly word, I prefer to call it selective participation

freitasm

BDFL - Memuneh
80661 posts

Uber Geek
+1 received by user: 41083

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#1461060 4-Jan-2016 15:28

scuwp: Fire sale?

Yes, because before that was just "an experiment"...

Referral links: Quic Broadband (free setup code: R587125ERQ6VE) | Samsung | AliExpress | Wise | Sharesies

Support Geekzone by subscribing (browse ads-free), or making a one-off or recurring donation through PressPatron.

eracode

Smpl Mnmlst
9334 posts

Uber Geek
+1 received by user: 6203

ID Verified

Trusted

Lifetime subscriber

#1461061 4-Jan-2016 15:34

scuwp: Fire sale?

Fire sale is now - coming is conflagrational inferno sale.

Sometimes I just sit and think. Other times I just sit.

Dunnersfella

4100 posts

Uber Geek
+1 received by user: 887

#1461065 4-Jan-2016 15:38

The problem is... most people have spent all their money on Christmas / or they're out of town on holiday.
Any immediate clearance sales wouldn't be overly effective.

But most importantly, any clearance sales won't be overly PROFITABLE.

New World

Shop on-line at New World now for your groceries (affiliate link).

tripp

3848 posts

Uber Geek
+1 received by user: 1220

Trusted

Lifetime subscriber

#1461069 4-Jan-2016 15:42

The fire sale has been going for weeks.

If they do close up there might be more sales on updated stock but could also just be sold to a 3rd party on the cheap (1 day sites etc).

scuwp

3927 posts

Uber Geek
+1 received by user: 2510

#1461074 4-Jan-2016 16:12

tripp: The fire sale has been going for weeks.

Not according to the last 3 I went into. Normal crappy fair for inflated prices.

Lazy is such an ugly word, I prefer to call it selective participation

Dunnersfella

4100 posts

Uber Geek
+1 received by user: 887

#1461079 4-Jan-2016 16:33

tripp: The fire sale has been going for weeks.

If they do close up there might be more sales on updated stock but could also just be sold to a 3rd party on the cheap (1 day sites etc).

1-Day style websites and most on-line retailers seldom hold stock...
Their business model doesn't work that way.

If things do go down the toilet, I would suggest they won't just immediately close the doors. They'd have a massive re-structure and close down the less-profitable / unprofitable stores immediately, then use the better performers to clear through the stock. That way redundancy costs are reduced and there's fewer issues with charges from breaking leases in painfully expensive malls.

Or, of course they could just pull out of NZ immediately.

mattwnz

20520 posts

Uber Geek
+1 received by user: 4798

#1461080 4-Jan-2016 16:45

tripp: The fire sale has been going for weeks.

If they do close up there might be more sales on updated stock but could also just be sold to a 3rd party on the cheap (1 day sites etc).

They appear to have removed all the yellow sale price labels after new year, as many things that were selling off cheaply , were back up to the high prices again. I was hoping to pick up a belkin usb charger that was $10, but it was back to $40ish. WIll be interesting to see what happens now. They do seem to have replenished their stock, but not sure if it is new stock, or stuff in storage. Heaps of boxes of JVC TVs for example.

Finch

2862 posts

Uber Geek
+1 received by user: 195

#1461082 4-Jan-2016 16:45

Dunnersfella: The problem is... most people have spent all their money on Christmas...

My Wallet is reading for some bargains!!!

Lego

Shop now for Lego sets and other gifts (affiliate link).

Dunnersfella

4100 posts

Uber Geek
+1 received by user: 887

#1461085 4-Jan-2016 17:02

Well hopefully they've learned how to actually price up the products in the store and not allow their staff to purchase all the bargains before the sale starts!!!

ajobbins

5053 posts

Uber Geek
+1 received by user: 1279

Trusted

#1461093 4-Jan-2016 17:20

I went into my local DSE store here in Melbourne today. Half the shelves were empty, but nothing much seems to be on sale any more - apart for the 5m HDMI cables down from $59 each to a bargain basement $44.95!

Interestingly the same cable is $12 on their website.

Twitter: ajobbins

msukiwi

2443 posts

Uber Geek
+1 received by user: 2126

Lifetime subscriber

#1461095 4-Jan-2016 17:23

Hard to have a Fire Sale with no stock to burn!

vexxxboy

4339 posts

Uber Geek
+1 received by user: 2076

#1461102 4-Jan-2016 17:44

death throws

http://www.smh.com.au/business/retail/this-could-be-the-end-of-the-road-for-dick-smith-says-forager-funds-boss-20160104-glyqsu.html

Common sense is not as common as you think.

1 | ... | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | ... | 94