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Topic # 165749 19-Feb-2015 12:57
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Apparently in June. Probably some good deals to be had. 

Mod can move to bargains thread if more appropriate. 

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  Reply # 1242275 19-Feb-2015 13:00
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This is not good news my sister is manager out in the henderson store :(



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  Reply # 1242277 19-Feb-2015 13:02
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johnr: This is not good news my sister is manager out in the henderson store :(


Sorry to hear that, I heard a rumour one of the other big retailers may buy some of the stores and rebrand, perhaps if it's true it could mean they keep the staff. 


 
 
 
 


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  Reply # 1242283 19-Feb-2015 13:14
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They're a huge brand in Australia, and their product range and pricing here is great. It's a shame the model hasn't worked for them.



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  Reply # 1242430 19-Feb-2015 15:45
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sbiddle: They're a huge brand in Australia, and their product range and pricing here is great. It's a shame the model hasn't worked for them.




1/2 year profit down 45.5%, 33.6 mill.

Bit of a plunge there.

The same group also owns Super Cheap Auto.




My thoughts are no longer my own and is probably representative of our media-controlled government


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  Reply # 1242438 19-Feb-2015 15:57
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I read this news earlier. A bit sad.

I like FCO stores, well stocked (maybe that's the issue - a lot of cash tied up there) and pretty good pricing.

Hopefully there is a nice big sale, I'm in the market for some fishing gear.

Bugger, just realized, I only just paid to be in Club FCO. D'oh.

If one of the other big retailers take them over, I wonder who - Torpedo7 has a couple of stores around, but IMO they aren't a patch on FCO. Rebel could be another contender.


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  Reply # 1242464 19-Feb-2015 16:29
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trig42: I read this news earlier. A bit sad.

I like FCO stores, well stocked (maybe that's the issue - a lot of cash tied up there) and pretty good pricing.

Hopefully there is a nice big sale, I'm in the market for some fishing gear.

Bugger, just realized, I only just paid to be in Club FCO. D'oh.

If one of the other big retailers take them over, I wonder who - Torpedo7 has a couple of stores around, but IMO they aren't a patch on FCO. Rebel could be another contender.



Well The Warehouse does own 80% of Torpedo 7 so with their money behind maybe they could afford them.

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  Reply # 1242471 19-Feb-2015 16:55
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Damn shame, good shop with some good products




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  Reply # 1242488 19-Feb-2015 17:49
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Don't think I have ever been in it. 

Having it close and get swallowed up by someone already retailing here does not sound like a recipe for more choice and lower prices though!





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  Reply # 1242559 19-Feb-2015 20:27
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johnr: This is not good news my sister is manager out in the henderson store :(


Man that's one of the stores that I frequent! like the others said, always found it to be a great place to shop for fishing gear. Keep us informed if they do have a huge sale? 

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  Reply # 1242563 19-Feb-2015 20:36
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Retail has become a difficult market with Kathmandu having completely destroyed it with their business model which was then adopted by Briscoes and now many other retailers.

Many people won't buy things unless they're marked as 50% off and are too dumb to realise your typical Lathmandu or Briscoes product is really at it's RRP when it is at 50% off. This has caused massive implications across the rest of the retail market, with players such as FCO in NZ being caught up in this. Good prices all the time aren't enough to drive customers, they want to feel like they're getting a bargain, even if they're not.



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  Reply # 1242570 19-Feb-2015 20:50
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FCO seemed to price high unless you were a FCO club member.

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  Reply # 1242571 19-Feb-2015 20:51
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sbiddle: Retail has become a difficult market with Kathmandu having completely destroyed it with their business model which was then adopted by Briscoes and now many other retailers.

Many people won't buy things unless they're marked as 50% off and are too dumb to realise your typical Lathmandu or Briscoes product is really at it's RRP when it is at 50% off. This has caused massive implications across the rest of the retail market, with players such as FCO in NZ being caught up in this. Good prices all the time aren't enough to drive customers, they want to feel like they're getting a bargain, even if they're not.




Yes it's a strange idea. Give us $10 to join our club and have huge discounts, honest, guv'nor - cross me heart on the grave of me sainted old Mum, Gawd bless 'er!





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  Reply # 1242629 19-Feb-2015 21:36
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Isn't it owned by Supercheap?  I am not that surprised because I never thought it offered particularly good deals or pricing for the nz market.  it was always empty when I went ink. They are competing with kathmandu, and the warehouse, which are always having sales. Some of their fishing stuff was very expensive. Hopefully  there will be some good closing deals, although they may just send the stock back to OZ. It is unusual for an OZ company to fail in NZ.

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  Reply # 1242649 19-Feb-2015 21:54
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They may have been more successful if they located both Supercheap Autos and FCO stores in the same locations.




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  Reply # 1242673 19-Feb-2015 22:23
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mattwnz: Isn't it owned by Supercheap?  I am not that surprised because I never thought it offered particularly good deals or pricing for the nz market.  it was always empty when I went ink. They are competing with kathmandu, and the warehouse, which are always having sales. Some of their fishing stuff was very expensive. Hopefully  there will be some good closing deals, although they may just send the stock back to OZ. It is unusual for an OZ company to fail in NZ.


There was good guys last year....

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