Masters Sale

[BaseCamp]

^^^^^
Interesting - learn something new nearly every day on this forum...   

I didn't know about products being capped in supply agreements - so the retailer couldn't carve the guts out of a price - for a lost leader.....

(I've often wondered why there is not more really popular stuff; (things people want); massively discounted as lost leaders... to drag in the punters)..

Say like an Engel or Weaco 40ltr at 60% OFF - on the proviso that the punters buy (say) another $200 worth at "regular" pricing; (or in Anacondas case "20% OFF Store Wide"  LOL)...   

That would seem a good idea...   Literally sell the fridge at cost price; (yes, making no money/profit on it) - but at least make good margin on the other stuff; (forced) bought ...

[Spada]

Pricing control is very common in retail. Usually it's done by the supplier controlling who sells the product, and setting pricing limits in their supply agreements and terms of trade. For example- doesn't matter how much shopping around you do, a Webber BBQ will be roughly the same price everywhere. Whenever electrical retailers have % off store wide sales, there will be an * that says "excludes Meile product". Notice how you can only buy National Luna fridges either direct, or from Opposite Lock ?, and Opposite Locks price is exactly the same as the suppliers' website ?

Quite often with the big retailers like Woolies, the price reductions in their weekly catalogues is funded by the supplier via advertising rebates, and it is often the supplier that is paying the retailer to have the products featured and promoted.

[Paddler Ed]

Apple are another mob, I remember buying an iPod at Bing Lee and they weren't willing to haggle because they weren't allowed to according to Apple. ACCC says that the piece can't be fixed by suppliers Soni took that to them and I think I got it for costs + GST (no profit)

I also think this is why we don't have online prices for ARB, TJM and some others, combined with the news to visit the local store.

Personally, I think that there is scope for smaller regional retailers to come into the online market place; in a lot of ways they have a competitive advantage on costs over some metropolitan retailers.

[BaseCamp]

Thanks gents for all this info!!!

I thought the ACCC prohibited fixing the prices that retailers were allowed to sell things for...   or being dictated same from their suppliers. ...

But this information   ^^^^  explains why often it doesn't matter how much you can ring around. ....   it often seems near on impossible to buy things at deep discounts --  like the retailer just ain't gona....   Meilie and webber are classic examples. ...   grrr

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[kylarama]

doesn't matter how much shopping around you do, a Webber BBQ will be roughly the same price everywhere.

I don't mind Webers business model for the Q range.  Major retailer's that can bulk buy and discount more, only have access to the standard range. While the smaller independent retailers have exclusive rights to the specialty models.


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[Troopy_03]

^^^^^
Interesting - learn something new nearly every day on this forum...   

I didn't know about products being capped in supply agreements - so the retailer couldn't carve the guts out of a price - for a lost leader.....

(I've often wondered why there is not more really popular stuff; (things people want); massively discounted as lost leaders... to drag in the punters)..

Say like an Engel or Weaco 40ltr at 60% OFF - on the proviso that the punters buy (say) another $200 worth at "regular" pricing; (or in Anacondas case "20% OFF Store Wide"  LOL)...   

That would seem a good idea...   Literally sell the fridge at cost price; (yes, making no money/profit on it) - but at least make good margin on the other stuff; (forced) bought ...

I think you mean "Loss Leader". A "Lost Leader" is when they advertise something really cheap, but when you get to the shop, you can never find any of the items in stock. 

[wakychapmans]

I also think this is why we don't have online prices for ARB, TJM and some others, combined with the news to visit the local store.

ARB have their pricing online. Granted... it's not the easiest to find... but it's there. You can download a PDF of their pricing. You have to enter a postcode though. I think that's to allow for regional dealers.

[Luckymiles]

I hate when stores don't display prices online.

I think it is simple. Work out what you are prepared to sell it for and let people know.

I often will exit the website or ignore a company if I can't find the prices on their website.

I want to know the cost. Not hear a sales pitch.

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[Ozsnowman]

Got a 9kg gas bottle there for $23 on Friday, and 2x15 meter hoses for $4.xx each was happy with that. Almost bought a toolbox for back of the ute, but knew wife would kick my bum if i did hehe

[Bird]

I hate when stores don't display prices online.

I think it is simple. Work out what you are prepared to sell it for and let people know.

I often will exit the website or ignore a company if I can't find the prices on their website.

I want to know the cost. Not hear a sales pitch.

agree on the no prices is bullShit these days...

or another beauty is a company advertises on the radio, 'free booklet, realestate traps exposed'.. You have to sign up for it, used one of my dead email address', clicked the download button and nothing showed up.. tried on 4-5 machines at work with different email addresses either the direct download, or email it to me - and nothing happened.. They want you to ring up and give you the bullShit sales pitch..

[Luckymiles]

agree on the no prices is bullShit these days...

or another beauty is a company advertises on the radio, 'free booklet, realestate traps exposed'.. You have to sign up for it, used one of my dead email address', clicked the download button and nothing showed up.. tried on 4-5 machines at work with different email addresses either the direct download, or email it to me - and nothing happened.. They want you to ring up and give you the bullShit sales pitch..

It is also strange sometimes when you do call up for a part price and they give you the price straight away with no sales pitch.

Why not direct those calls away and use the staff for the customers in store.

I have no idea why they don't just invest the time and money with a good live website.

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[Fizzie]

Got a 9kg gas bottle there for $23 on Friday,

I assume that's an empty cylinder, not a refill / swap?

[Bird]

sale..



http://www.theage.com.au/business/retail/masters-fire-sale-doubles-record-daily-sales-with-some-complaints-about-price-20161010-grzacq.html#comments

[KingBilly]

sale..

I call BS.  The original price sticker is damaged and apperas to have a number removed.

KB

[jmorgan1981]

I call BS.  The original price sticker is damaged and apperas to have a number removed.

KB

x2

It looks like it was $179 for sure

[GUEY]

Thanks gents for all this info!!!

I thought the ACCC prohibited fixing the prices that retailers were allowed to sell things for...   or being dictated same from their suppliers. ...

But this information   ^^^^  explains why often it doesn't matter how much you can ring around. ....   it often seems near on impossible to buy things at deep discounts --  like the retailer just ain't gona....   Meilie and webber are classic examples. ...   grrr

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Yep and there are other white good manufactures starting to jump on this band wagon also.

[Bird]

[scrapsD40]

Bargain

[BaseCamp]

Bargain

get yourself on TV...

.... Email that pic to the "Sign of the Times" segment on the

ABC TV  - series "THE CHECKOUT"

[Bird]

hahahahahahaha

http://www.theage.com.au/business/retail/masters-employs-muscle-to-control-ugly-behaviour-20161012-gs0jl8.html

Masters Home Improvement has employed security guards to protect its staff from obnoxious customers who have lashed out and trashed stores as the fire sale heats up.

In scenes reminiscent of the ugly drama of the Dick Smith closing down sale, Masters sales staff are reporting a slew of bad behaviour from verbal abuse to taunts about losing their jobs, tampering with price tags and even theft.

[terravista]

Sent the wife into Masters to get a couple of earth stakes for the electric fence thinking they should be a good price.
She was given a bargain. Instead of 1 for $29 they gave her 2 for the same price.
Bonus.......... until you see that Bunnings have them on their website for $11.55 each.
Thieving Masters bastards.

[muzza01]

I went in to return 2 more broken impact sprinklers yesterday at about 645am. Customers 1 (only me) staff 7, at the front area of the store. (No wonder they are losing money).
I was still ignored by the chic at the front counter for a few minutes.

I originally bought 4 X 25 meter impact sprinklers 2 years ago. The brand is Orbit and they have a 5 year warranty.  I have returned a total of six sprinklers over the last two years as they keep breaking the return Spring.  I was told that they don't refund anymore and I said "no way, they keep breaking, they are under warranty and I want a refund and not exchange. In the end the Manager returned my $$ and I went back to Bunnings.

[terravista]

x2

It looks like it was $179 for sure

I am not so sure. If it was a figure it would have to be a 1 to fit in the damaged area, but then there is no evidence of a dollar sign. Was it originally $79?
Got me beat.

[tryagain]

I am not so sure. If it was a figure it would have to be a 1 to fit in the damaged area, but then there is no evidence of a dollar sign. Was it originally $79?
Got me beat.

I am pretty sure the original price was $79 but there is no way of knowing if it was the same product. A check on price hipster shows it was that price for a while, as you can't see the product codes to compare I'd be almost certain it wasn't for the same product.

[Bird]

well Masters Carrum Downs has completely gone.. all signs taken off buildings - the lot... funny, the signs weren't up long enough to stain the walls.


feel sorry for the owners of the complex, theres about 10 odd shops, with 3 of them occupied.. Pet food joint, and 2 bike shops.