Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic
1 | ... | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | ... | 94
21962 posts

Uber Geek

Trusted
Lifetime subscriber

  #1462326 6-Jan-2016 13:53
Send private message

Patience guys! If you want good deals you need to let the receiver assess the situation. Right now they will be on a price freeze so they don't hemorrhage more money. If they decide they need $x they will decide what stock is on hand and see what needs to be done to achieve that target. Maybe then stock will be liquidated.

It will be widely made known through normal channels if that is the case.

19121 posts

Uber Geek

Trusted

  #1462331 6-Jan-2016 14:03
Send private message

logo:
dafman: Gift card holders. It's really unfortunate, I know, but you are wasting your time researching companies office, getting in contact with credit card companies, trying to find loopholes etc.

They're dead Jim.


I don't have any gift vouchers but am interested to see how the impact of what's happening to the parent company in Australia impacts their NZ subsidiary here.

What does that mean to our big four Aussie-owned banks if one of those folds? (I suspect the Reserve Bank will have this covered off)

There must be examples of a parent company in one country folding but a subsidiary in another continuing to trade (not that the NZ side of DSE was doing that well anyway)


The NZ subsidiary is in the same position as the Aust on. Its up to the recievers to sort out their secured creditor crowd, i,e the two banks, then it will be the liquidator or adminsitrator for the rest. The aim it to maximise the return, or minimise the loss. The NZ business is operating at a profit, so in the short term its relatively safe, as its not incurring daily loses, its minimising the losses each day. And it is a going concern thats adding funds. If it was losing money, it would be shut now. But its not. Its best value is to be sold as a going concern, and while everyone here will be like a barge pole, the masses won't be. Its just a shop, short memories. Some niche company may buy it, or some lads, and get it cheap, and make a go of it, by fixing the range and making it pay.

 
 
 
 


14666 posts

Uber Geek

Trusted
Subscriber

  #1462396 6-Jan-2016 15:09
Send private message

trig42: How big is the Riccarton DSE?
Would it be big enough to fit a JB HiFi? (JB  Stores have a much bigger footprint than the average DSE, but a DSE Powerstore like they have at Sylvia Park, and Manukau would be big enough).
Wonder if JB are interested. Probably not given the small size of most of the stores.


DSE Riccarton Mall is big and well placed in the centre of the Mall




Mike
Retired IT Manager. 
The views stated in my posts are my personal views and not that of any other organisation.

 

There is no planet B

 

 


21962 posts

Uber Geek

Trusted
Lifetime subscriber

  #1462397 6-Jan-2016 15:10
Send private message

MikeB4:
trig42: How big is the Riccarton DSE?
Would it be big enough to fit a JB HiFi? (JB  Stores have a much bigger footprint than the average DSE, but a DSE Powerstore like they have at Sylvia Park, and Manukau would be big enough).
Wonder if JB are interested. Probably not given the small size of most of the stores.


DSE Riccarton Mall is big and well placed in the centre of the Mall


Considering JB are only just surviving themselves, I expect it unlikely they would have the funds or would raise enough capital to buy it. 

Edit: please disregard as it seems they were doing better than I thought from reading an article a year ago.


bmt

484 posts

Ultimate Geek


  #1462459 6-Jan-2016 15:58
One person supports this post
Send private message

Couple of new articles out today. They were apparently "aggressively" promoting gift card sales at supermarkets in Aussie and offering a 10% bonus over the Christmas period:

http://www.smh.com.au/business/dick-smith-accused-of-pumping-up-gift-voucher-sales-20160105-gm0432.html?&utm_source=facebook&utm_medium=cpc&utm_campaign=social&eid=socialn%3Afac-14omn0012-optim-nnn%3Apaid-25062014-social_traffic-all-postprom-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook

And the banks waited until the company was cash rich from Christmas sales and before gift cards could be spent to put the company in receivership:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11569929

Poor form all round really. 

bmt

484 posts

Ultimate Geek


  #1462461 6-Jan-2016 15:59
Send private message

networkn:
MikeB4:
trig42: How big is the Riccarton DSE?
Would it be big enough to fit a JB HiFi? (JB  Stores have a much bigger footprint than the average DSE, but a DSE Powerstore like they have at Sylvia Park, and Manukau would be big enough).
Wonder if JB are interested. Probably not given the small size of most of the stores.


DSE Riccarton Mall is big and well placed in the centre of the Mall


Considering JB are only just surviving themselves, I expect it unlikely they would have the funds or would raise enough capital to buy it. 



Link?

21962 posts

Uber Geek

Trusted
Lifetime subscriber

  #1462477 6-Jan-2016 16:29
Send private message

bmt:
networkn:
MikeB4:
trig42: How big is the Riccarton DSE?
Would it be big enough to fit a JB HiFi? (JB  Stores have a much bigger footprint than the average DSE, but a DSE Powerstore like they have at Sylvia Park, and Manukau would be big enough).
Wonder if JB are interested. Probably not given the small size of most of the stores.


DSE Riccarton Mall is big and well placed in the centre of the Mall


Considering JB are only just surviving themselves, I expect it unlikely they would have the funds or would raise enough capital to buy it. 



Link?


Seems I was misinformed, please disregard my comments.

Reality is, why would they want DSE? 

 
 
 
 


23011 posts

Uber Geek

Trusted
Subscriber

  #1462491 6-Jan-2016 16:52
Send private message

Picked up some more AA and AAA cells, since I gave the last lots I bought to the cousins kids at xmas since other relatives always give gifts and nothing to power them. Sure enough, happened with 3 other toys this year. How inconsiderate of people.

Anyway, I thought i would see what the 12v remote batteries were. $14 or something for a pack of 2, were heaps cheaper when they did their sale before xmas. So not buying those since its not a bargain. Bought a couple of $5 USB micro cables since they were listed as being good for 2.4 amps. We shall see.




Richard rich.ms

898 posts

Ultimate Geek


  #1462492 6-Jan-2016 16:54
Send private message

They may like some of the locations that DSE operates from and see it as an advantage to get a foot in locations that they were previously excluded from. If there are competing stores in malls etc, then that makes it less attractive as they would still be stuck with competing stores with lease commitments, but its certainly a potential opportunity worth investigating.

3053 posts

Uber Geek

Trusted
Subscriber

  #1462519 6-Jan-2016 17:50
Send private message

bmt: Couple of new articles out today. They were apparently "aggressively" promoting gift card sales at supermarkets in Aussie and offering a 10% bonus over the Christmas period:

http://www.smh.com.au/business/dick-smith-accused-of-pumping-up-gift-voucher-sales-20160105-gm0432.html?&utm_source=facebook&utm_medium=cpc&utm_campaign=social&eid=socialn%3Afac-14omn0012-optim-nnn%3Apaid-25062014-social_traffic-all-postprom-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook

And the banks waited until the company was cash rich from Christmas sales and before gift cards could be spent to put the company in receivership:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11569929

Poor form all round really. 


Not poor form, rather quite rational behaviour from the banks. If someone owed you money they couldn't repay, of course you would pick the best possible time to place them into receivership to minimise your losses.

15441 posts

Uber Geek


  #1462527 6-Jan-2016 18:03
Send private message

I am guessing they didn't want to do it before christmas, as that would have been bad news for staff at that time of the year, and an uncertainty over the christmas break.  I was told by staff instore that some products were going cheaply, that they were getting rid of stock for a new range  of products in the new year.

23011 posts

Uber Geek

Trusted
Subscriber

  #1462528 6-Jan-2016 18:06
Send private message

mattwnz: I am guessing they didn't want to do it before christmas, as that would have been bad news for staff at that time of the year, and an uncertainty over the christmas break.  I was told by staff instore that some products were going cheaply, that they were getting rid of stock for a new range  of products in the new year.


Thats the line they were spinning.

More likely reason is that they wanted to offload it as legitimate end user sales before any romalpa clauses could happen and it went back to the suppliers and they were liable for a huge loss in value of the items.




Richard rich.ms

35 posts

Geek


  #1462552 6-Jan-2016 18:34
Send private message

bmt: Couple of new articles out today. They were apparently "aggressively" promoting gift card sales at supermarkets in Aussie and offering a 10% bonus over the Christmas period:

http://www.smh.com.au/business/dick-smith-accused-of-pumping-up-gift-voucher-sales-20160105-gm0432.html?&utm_source=facebook&utm_medium=cpc&utm_campaign=social&eid=socialn%3Afac-14omn0012-optim-nnn%3Apaid-25062014-social_traffic-all-postprom-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook

And the banks waited until the company was cash rich from Christmas sales and before gift cards could be spent to put the company in receivership:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11569929

Poor form all round really. 


Surely someone should go to jail for this? Promoting the sales of something that they had no intention of honouring? At the very least the senior management should have known about this and should be held accountable.

23011 posts

Uber Geek

Trusted
Subscriber

  #1462553 6-Jan-2016 18:35
Send private message

st02197:
Surely someone should go to jail for this? Promoting the sales of something that they had no intention of honouring? At the very least the senior management should have known about this and should be held accountable.


Problem is proving anything like that has happened intentionally.

I expect this will be something to watch with interest and may hopefully spur a shakeup of the scam gift card industry.




Richard rich.ms

/dev/null
9087 posts

Uber Geek

Moderator
Trusted
Lifetime subscriber

  #1462555 6-Jan-2016 18:40
Send private message

The footer of DSE's website show they're now under administration:





1 | ... | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | ... | 94
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

New Vodafone mobile data plans with unlimited data
Posted 26-Feb-2020 06:55


Vodafone launches innovation initiatives to help businesses use 5G
Posted 26-Feb-2020 05:00


Ultimate Ears HYPERBOOM brings massive sound and extreme bass
Posted 25-Feb-2020 09:00


Withings launches three new devices to help monitor heart health from home
Posted 13-Feb-2020 20:05


Auckland start-up Yourcar matches new car buyers with dealerships
Posted 13-Feb-2020 18:05


School gardens go high tech to teach kids the importance of technology
Posted 13-Feb-2020 11:10


Malwarebytes finds Mac threats outpace Windows for the first time
Posted 13-Feb-2020 08:01


Amazon launches Echo Show 8 in Australia and New Zealand
Posted 8-Feb-2020 20:36


Vodafone New Zealand starts two year partnership with LetsPlay.Live
Posted 28-Jan-2020 11:24


Ring launches indoor-only security camera
Posted 23-Jan-2020 17:26


New report findings will help schools implement the digital technologies curriculum content
Posted 23-Jan-2020 17:25


N4L to upgrade & support wireless internet inside schools
Posted 23-Jan-2020 17:22


Netflix releases 21 Studio Ghibli works
Posted 22-Jan-2020 11:42


Vodafone integrates eSIM into device and wearable roadmap
Posted 17-Jan-2020 09:45


Do you need this camera app? Group investigates privacy implications
Posted 16-Jan-2020 03:30



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.