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  # 1461035 4-Jan-2016 14:33
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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.

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  # 1461055 4-Jan-2016 15:20
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Funny how it's right after xmas and New Years 😬

Things will be interesting Wednesday

 
 
 
 


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  # 1461058 4-Jan-2016 15:25
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Fire sale?




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  # 1461061 4-Jan-2016 15:34
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scuwp: Fire sale?


Fire sale is now - coming is conflagrational inferno sale.




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  # 1461065 4-Jan-2016 15:38
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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.


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  # 1461069 4-Jan-2016 15:42
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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).


 
 
 
 


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  # 1461074 4-Jan-2016 16:12
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tripp: The fire sale has been going for weeks.



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




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  # 1461079 4-Jan-2016 16:33
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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.

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  # 1461080 4-Jan-2016 16:45
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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. 

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  # 1461082 4-Jan-2016 16:45
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Dunnersfella: The problem is... most people have spent all their money on Christmas...



My Wallet is reading for some bargains!!!

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  # 1461085 4-Jan-2016 17:02
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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!!!


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  # 1461093 4-Jan-2016 17:20
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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.




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  # 1461095 4-Jan-2016 17:23
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Hard to have a Fire Sale with no stock to burn!

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