Prices at Shops - what are they smoking

[DJR]

But no one answered the OP question - what are they smoking???

Rolled bits of old chamois?

[eddy]

I still call BS.

 

CL could be marking up by 85% so they can give you a big discount and make you feel like a winner for getting such a good deal. :whistling: Sort of like a carpet trader in Instanbul..........

[Cois]

ok some shops are ripping the ass, but i dont know if you MEN have walked around checkers/pick and pay/woolies and noticed the prices of everything???? i know your wives spend the money but go price ANY PRODUCTS in general ALL LINES/PRODUCTS ,,,,this is only the start of pricing to come,

and for this we can thank a few thinGs, our very STRONG rand, the recent strikes will only make itself seen on the shelves in a few months, HOLD ON TIGHT THINGS ARE GOING TO GET HAIRY,

 

SOON WE WILL BE REFFERING BACK TO THE GOOD OLD DAYS WHEN WE COULD STILL AFFORD CREAM

Well it is like giving my fiancee R200 for olive oil. She then goes out and buys a bottle of 750ml of olive oil. And the price. R199-00. I was WTF were you thinking...

But prices are starting to get crazy, People are going crazy as well, and nuts and screwed up as well...

[Pants Boy]

I find it very lame and dumb because I am a poor student haha, and I just want to have a decent kit you know? But not possible.

We all do, buddy ... but some of us work two or three real jobs to afford the little bit of bling we do have ... it takes time.

[ryanbritchford]

While we have people in this country willing to pay 10k rent on a 1 bed flat just so they can say they live in four ways or people willing to pay millions to live next to Alexandra and a sewerage pipe ,we will always have sellers charging much more than the assets value and we will also always have people willing to buy at that price. Too many well off SA peeps willing to pay whatever for an item. Regardless of its value. Being seen on a 100k bike is worth more to some than we can imagine. There is no legitimate reason to spend over 100k on a bike but people do it and until that stops, the market prices will continue to rocket. Not having a go at the big spenders. You are intitled to spend your money as you see fit. But until we demand value for our money we can't cry that we get no value for money.

[Spoke101]

Yes that's exactly my point - it's unbelievable. I have no reason to lie, i saw an email from the distributor to the cyclelabs sales guy with a table of the different prices for each model in columns beside each other. There was no mistake.

 

After negotiating them down as much as i could get, i still bought the bike because they were the only local shop to have that brand/model. Another reason why they are probably still in business.

I still call BS.

 

I'm also extremely skeptical. (old stock/importer change) very big maybe?

 

I do know that CL have cut deals where they get some crazy discounts from the suppliers as they literately buy all the stock in the country. eg: Fox clothing, co2 bombs, etc.

 

Oh and I used to work in a CL and still have an old markup list on all suppliers floating around some where.

[TrackGuy]

many of us have been in your scenario, It's pretty common to be a student and not have the latest bling whatever. If daddy gets whatever you want, then you're just a spoilt kid. If you really really need some carbon magafta, go wait tables or pull pints.

 

And what gives you the idea I don't wait tables or have a part time job? My Dad doesn't pay for my cycling, here and there he will help out. But I bought my bike myself, and all my gear.

 

But the stuff is so darn expensive, doesn't matter if your a student or not.

[exsanguinator]

Bicycles and musical instruments seem to suffer the same hyper inflation issues.

What I have noted in the latter is that most reputable companies have a RRP on the items they sell to retailers.

The retailers get or negotiate a % discount.

Any comapany going over that RRP should be named and shamed

Or you can negotiate a price at POS

BUT... its not illegal to overcharge.. but overcharging can damage the Brand name and perhaps the Importer can approach the retailer and discuss the issue.

The importer doesnt know there is an issue if no one complains....

Now...until we know what the RRP is on bicycle parts etc etc...we dont know if the retailer is making extra dosh or basically fluctuating his profit margin within the threshold thats accepted

[Spez247]

If the retailer or importer has stock they bought at the old exchange rate, if the rate has gone up, they now need to replace it at the new price, so makes sense to bring pricing in line otherwise they effectively aren't making a margin. Doesn't always work like that, but in a country with a declining currency, it does.

What you said. You have to adjust (either way). If the rate improves, and you don't

re-adjust your pricing; you are just leaving the door open to more competition...

[exsanguinator]

What you said. You have to adjust (either way). If the rate improves, and you don't

re-adjust your pricing; you are just leaving the door open to more competition...

Incorrect

eg:If 50 bicycles are bought at R1000 ea,if 10 are sold at x amount and 40 are left and another 20 are bought at R3000 each(new xchange rate etc)

the previous 40 should be discounted at POS..not sell the total 60 bicycles at the higher price

Thats called honest pricing

Now can anyone come foward with anything they purchased 2 years ago when the rate was R7.50 /$ that reflected any retailer reducing their prices accordingly?

It seems everyone is happy to put up prices but not reduce when things decrease market wise etc etc

[blondeonabike]

Incorrect

eg:If 50 bicycles are bought at R1000 ea,if 10 are sold at x amount and 40 are left and another 20 are bought at R3000 each(new xchange rate etc)

the previous 40 should be discounted at POS..not sell the total 60 bicycles at the higher price

Thats called honest pricing

Now can anyone come foward with anything they purchased 2 years ago when the rate was R7.50 /$ that reflected any retailer reducing their prices accordingly?

It seems everyone is happy to put up prices but not reduce when things decrease market wise etc etc

When I was still selling ( not bikes though ) and my supplier increased their price by for example R10 per unit, and I bought 100 units and had 100 units stock, I would increase the price of all the stock by R5.00 per unit. Eventhough the old stock is now marked up a little, it keeps the new price a bit more reasonable. We must also remember that eventhough old stock may have been bought at a certain price, it often costs money to keep that stock on the shelf. (That is my experience selling roses and plants....the longer I have it the more water, fertilizer and spray I have to pay for) People understand if prices go up a little, I'm always suspicious if the price of something suddenly makes a big jump. And at the end of the day, if you offer good service, a smile and an honest explanation people always come back

[Cyklon]

Udder cream, a tub lasts forever and it's tjeep.

 

Always someone who is udderwise

[Shebeen]

And what gives you the idea I don't wait tables or have a part time job? My Dad doesn't pay for my cycling, here and there he will help out. But I bought my bike myself, and all my gear.

 

But the stuff is so darn expensive, doesn't matter if your a student or not.

Your rant is bog standard student cashflow scenario. Don't worry about it, just ride the thing with all the blerrie spare time you have.

 

At the end of the day, I'm sure your bike is still quite lekker.

[exsanguinator]

We must also remember that eventhough old stock may have been bought at a certain price, it often costs money to keep that stock on the shelf. (That is my experience selling roses and plants....the longer I have it the more water, fertilizer and spray I have to pay for)

Well I did own a business and never increased the prices of the same older goods

The older goods didnt cost me a cent to look after other than sitting on a shelf

And also when the new goods were displayed with higher prices the old ones walked out the door,so that solved that dilemma chop chop

But those were rare events as I knew of impending price increases,marketed it.. and the old stock would be sold out before the new stock arrived

Thats called customer service,not wait for the new prices and make a handsome profit and blaming past inconsistencies that even out the playing field...

I think that relates more to a bicyle business than a plant business...

but...

I do agree with your plant business situation,

but did the old plants actually sit on a shelf long enough to warrant an increase?

I thought roses and plants have a set retail lifespan,and need to be sold asap or tossed out the back when they look tardy or die

[blondeonabike]

Well I did own a business and never increased the prices of the same older goods

The older goods didnt cost me a cent to look after other than sitting on a shelf

And also when the new goods were displayed with higher prices the old ones walked out the door,so that solved that dilemma chop chop

But those were rare events as I knew of impending price increases,marketed it.. and the old stock would be sold out before the new stock arrived

Thats called customer service,not wait for the new prices and make a handsome profit and blaming past inconsistencies that even out the playing field...

I think that relates more to a bicyle business than a plant business...

but...

I do agree with your plant business situation,

but did the old plants actually sit on a shelf long enough to warrant an increase?

I thought roses and plants have a set retail lifespan,and need to be sold asap or tossed out the back when they look tardy or die

There generally is a window, for selling plants.....some longer than others. It's always better to buy smaller amounts often to keep stock fresh. Smaller losses mean you can keep your price lower. With roses however, they can sit longer.....if well fed. Many popular varieties I could only get as small plants and would have to grow them out myself for a few months. Just because of demand, if the farm only has 100, and they were small then I would have to take them as is. This is where having a good relationship with the farm is so important, because there are lots of other places that also want the stock, especially in spring. I paid cash always, and so had my speciality orders sorted. But it was hard, because you are dealing with living things and not just a box of bombs that can sit on the shelf. All they need is the odd dusting!

[Spez247]

Incorrect

eg:If 50 bicycles are bought at R1000 ea,if 10 are sold at x amount and 40 are left and another 20 are bought at R3000 each(new xchange rate etc)

the previous 40 should be discounted at POS..not sell the total 60 bicycles at the higher price

Thats called honest pricing

Now can anyone come foward with anything they purchased 2 years ago when the rate was R7.50 /$ that reflected any retailer reducing their prices accordingly?

It seems everyone is happy to put up prices but not reduce when things decrease market wise etc etc

Disagree. It might be "Honest Pricing" , but its not sustainable. You will close your doors sooner or later. Its not what it costs you that matters, its the replacement value that matters. Your first batch cost you R1000. You add 200% margin to break even @ R3000.00 for the new stock... you've had to pay rent / salaries / etc. Whats the point? Rather shut your doors & go cycling.