GW Full Year Report is out - Page 3 - Wargaming Forum and Wargamer Forums
Wargaming News and 40k Rumors Discuss and share wargaming news, new releases, warhammer and 40k rumors here.

Reply
 
LinkBack Thread Tools Display Modes
post #21 of 38 (permalink) Old 07-29-11, 05:05 AM
Unhinged Hobo
 
GrimzagGorwazza's Avatar
GrimzagGorwazza's Flag is: England
 
Join Date: Aug 2010
Location: Hampshire, UK
Posts: 2,341
Reputation: 70
Default

Quote:
Originally Posted by Achaylus72 View Post
GW's problem is that more and more of its Australian customers are becoming smarter at shopping around. I can't justify spending the 87.5% mark up. So i purchase via EBay and when Waylands ever gets it act together in regards to its ROW customer i'll continue to use this option, i have calculated with a strong Aussie Dollar i am saving 55% to 60% off GW Australian Shelf Prices.

For every dollar i spend it goes directly to an overseas vendor, i can't support the local vendors.

Case in point, if Wayland gets act together and if their ROW prices are the same as domestic then i can purchase a CSM Battleforce for $81.90 AuD (this includes postage), currently that very CSM Battleforce on Aussie shelves is $180 AuD.
I think that this is happening more and more across the world, whilst we don't have the price hike that you Aussies are getting there are people who are becoming much smarter at buying thier models. One of my friends wanted to start a tyranid army but couldn't really afford to, i told him that i could get him rolling with an army for 10 a fortnight, he didn't believe me. I'm shopping second hand so there is always going to be a price difference but he wanted me to keep track.

So far i've bought 13 genestealers (2 are space hulk, 1 is missing an arm) for 9 (a box of 8 stealers is 18, or 2.25 per stealer, 13 new stealers = 29.25) and an old hive tyrant for 11 (current new tyrant = 36) So far i've spent 20 when if i bought from GW it would have cost me 66.

Sure they're second hand and need stripping but a bottle of dettol costs 3.

It's just good common sense to squeeze the best deals out of the market.

GrimzagGorwazza is offline  
Sponsored Links
Advertisement
 
post #22 of 38 (permalink) Old 07-29-11, 07:35 AM
Junior Member
Archermonkey's Flag is: Australia
 
Join Date: Jul 2011
Posts: 21
Reputation: 1
Default

It really is bizarre, the way that GW prices here in Oz. The Australian dollar is doing well overall, but disposable income for most folks is not terribly high. For comic shops (who import all of their stock, and rely on a loyal fan base, like those who play GW's games) this means that prices have gone down while profits have stayed relatively stable, thanks to the decreased costs of importing (since the Australian dollar is performing well, relative to its' traditional value). What GW are doing is keeping their prices static (in terms of the , and in fact increasing them with the general price hike. Even if they didn't increase prices, they would considerably increasing profits due to the relative worth of the Australian dollar. As it is, the price hike is just an added kick in the teeth for consumers here.

I'm not going to say that I'll boycott GW products over this, or anything so melodramatic. But I do know people who have stopped playing because the prices have moved out of reach, and I personally refuse to buy anything from a GW store that I can get elsewhere. Buying on eBay may not be the easiest way to do things, but given the fractional costs, that's where my money's going.

Personally I put the profit decrease down to the ease of online purchasing, like GW do, but I think that they're being outright greedy by charging the prices that they do, and not adjusting for the strength of the Australian Dollar over the past few years. We have a saying here in Australia: "Don't piss on my shoes and tell me its' raining." That's exactly what GW is doing with their pricing policy and embargo. Saving the hobby? No. Saving their inflation in costs here, is closer to the truth.


Click me!
Archermonkey is offline  
post #23 of 38 (permalink) Old 07-29-11, 07:51 AM
Where is Jessica Hyde?
 
humakt's Avatar
humakt's Flag is: England
 
Join Date: Jan 2008
Posts: 5,182
Reputation: 30
Default

In the current slow economy these are good figures I think. We shall see how the Oz thing affects them in the half yearly report.

Your toast has been burnt and no amount of scraping will get rid of the black bits.
humakt is offline  
 
post #24 of 38 (permalink) Old 07-29-11, 12:07 PM
Senior Member
 
Join Date: Apr 2011
Posts: 1,246
Reputation: 5
Default

Quote:
Originally Posted by Archermonkey View Post
It really is bizarre, the way that GW prices here in Oz. The Australian dollar is doing well overall, but disposable income for most folks is not terribly high. For comic shops (who import all of their stock, and rely on a loyal fan base, like those who play GW's games) this means that prices have gone down while profits have stayed relatively stable, thanks to the decreased costs of importing (since the Australian dollar is performing well, relative to its' traditional value). What GW are doing is keeping their prices static (in terms of the , and in fact increasing them with the general price hike. Even if they didn't increase prices, they would considerably increasing profits due to the relative worth of the Australian dollar. As it is, the price hike is just an added kick in the teeth for consumers here.

I'm not going to say that I'll boycott GW products over this, or anything so melodramatic. But I do know people who have stopped playing because the prices have moved out of reach, and I personally refuse to buy anything from a GW store that I can get elsewhere. Buying on eBay may not be the easiest way to do things, but given the fractional costs, that's where my money's going.

Personally I put the profit decrease down to the ease of online purchasing, like GW do, but I think that they're being outright greedy by charging the prices that they do, and not adjusting for the strength of the Australian Dollar over the past few years. We have a saying here in Australia: "Don't piss on my shoes and tell me its' raining." That's exactly what GW is doing with their pricing policy and embargo. Saving the hobby? No. Saving their inflation in costs here, is closer to the truth.
Yes but here is the kicker, the problem for GW here in Australia is one of their B & M stores, especially in Sydney, Sydney has the third highest retail rents in the world, not only this but Public Liability Insurance is extremely high, GW is classified a toy importer and must pay very high insurance costs to say someone sell electonic games. This is compounded by the fact Australian have one of the highest basic wages in the developed world. A person working in a GW store in Australia would earn at least double that of someone working at a GW store in Britian. GW has no choice but to charge what they charge.

What is happening is what i said previously, Australians like me are shopping around, and finding better deals overseas at 55% to 60% cheaper than GW Aussie shelf prices.

Example i recently bought 2 x Chaos Space Marine Terminator Squads and 2 x Chaos Possessed Squads including postage for $146 USD ($135.42 AuD), the same items on GW Aussie selves $258 AuD.

So for the cost less than of 2 x Chaos Terminator Squads on GW Aussie shelf price i got to add 2 x Chaos Possessed Squads for free and including postage, and it took only 6 days to get from the USA to my Post Office Box in Australia

Ultramarines are Pussies

Except Dark Angels, any chapter that sounds like a Death Metal Band can't be that bad.
Achaylus72 is offline  
post #25 of 38 (permalink) Old 07-29-11, 01:45 PM
Member
 
Join Date: Apr 2011
Posts: 90
Reputation: 1
Default

Quote:
Originally Posted by Achaylus72 View Post
GW is classified a toy importer and must pay very high insurance costs
There is no "must". If the cost of insuring their imports is so high that their wholesale price is twice that of other countries, then GW should just not insure their imports. Unless one in every two kits is being destroyed or lost in transit, they'd be better off.
AlexHolker is offline  
post #26 of 38 (permalink) Old 07-29-11, 02:08 PM
Senior Member
 
Aramoro's Avatar
 
Join Date: Oct 2009
Posts: 7,314
Reputation: 5
Default

Quote:
Originally Posted by AlexHolker View Post
There is no "must". If the cost of insuring their imports is so high that their wholesale price is twice that of other countries, then GW should just not insure their imports. Unless one in every two kits is being destroyed or lost in transit, they'd be better off.
Having your cargo insured is probably a legal requirement, it is here at least.

Aramoro

"Violence isn't the answer, I just like getting it wrong on purpose"

Sally Forth! - My Gaming Blog
Aramoro is offline  
post #27 of 38 (permalink) Old 07-29-11, 03:50 PM
Senior Member
 
Join Date: Apr 2011
Posts: 1,246
Reputation: 5
Default

Quote:
Originally Posted by AlexHolker View Post
There is no "must". If the cost of insuring their imports is so high that their wholesale price is twice that of other countries, then GW should just not insure their imports. Unless one in every two kits is being destroyed or lost in transit, they'd be better off.
You have no concept of business. Public liability insurance is a must, public liability insurance means that you are insured if someone is injured whiile in your place of business (ie... a B & M Store).

I had an internet business operating from home, no-one ever came around to my place, but i was legally required to have Public Liability Insurance which eventually crippled my business.

You are confused, every insurance vendor in Australia rates and catagorizes every business as to what they sell as i was selling GW bits of the sprue i was buying my product from Maelstrom and then breaking down the sprues and selling the bitz and so they the insurance catagorized me as a toy importer and i had no choice but to pay very premiums.

GW Australia can opt out of paying insurance but if someone hurts themselves and sue GW Australia for negligence they are screwed.

Ultramarines are Pussies

Except Dark Angels, any chapter that sounds like a Death Metal Band can't be that bad.
Achaylus72 is offline  
post #28 of 38 (permalink) Old 07-29-11, 05:09 PM
Junior Member
Archermonkey's Flag is: Australia
 
Join Date: Jul 2011
Posts: 21
Reputation: 1
Default

Quote:
Originally Posted by Achaylus72 View Post
Yes but here is the kicker, the problem for GW here in Australia is one of their B & M stores, especially in Sydney, Sydney has the third highest retail rents in the world, not only this but Public Liability Insurance is extremely high, GW is classified a toy importer and must pay very high insurance costs to say someone sell electonic games. This is compounded by the fact Australian have one of the highest basic wages in the developed world. A person working in a GW store in Australia would earn at least double that of someone working at a GW store in Britian. GW has no choice but to charge what they charge.
I understand these factors (though I believe some of them are exaggerated), and I know that they play into the pricing that we get here. But that doesn't say word one about why they simply rode the increase of the Australian dollar to higher profits. Were thy running at a loss before the dollar improved? I doubt it somehow. Yet when the Australian dollar improved, they simply took that as an opportunity to line their pockets with the conversion rates, and expect us to continue buying from them at what have become over-inflated prices. That's why it's now so much more cost-effective to buy from online vendors - the fact that our dollar is stronger has adjusted the price of buying from international retailers with our money.

Many Australian importers have lowered their prices as a result, because our money now buys more on the world market. That is entirely aside from the issue of insurance or any other local cost. It is, in fact, the way that a competitive market is supposed to work, by forcing price adjustments so that the consumer pays a fair price. What GW is trying to do is to kill the competition, thus allowing them to continue to charge prices which are vastly (and continually) over-inflated relics of a time when our dollar was worth roughly US$0.70, not about US$1.05 as it is now.


Click me!
Archermonkey is offline  
post #29 of 38 (permalink) Old 07-30-11, 12:53 AM
Senior Member
 
Join Date: Apr 2011
Posts: 1,246
Reputation: 5
Default

Quote:
Originally Posted by Archermonkey View Post
I understand these factors (though I believe some of them are exaggerated), and I know that they play into the pricing that we get here. But that doesn't say word one about why they simply rode the increase of the Australian dollar to higher profits. Were thy running at a loss before the dollar improved? I doubt it somehow. Yet when the Australian dollar improved, they simply took that as an opportunity to line their pockets with the conversion rates, and expect us to continue buying from them at what have become over-inflated prices. That's why it's now so much more cost-effective to buy from online vendors - the fact that our dollar is stronger has adjusted the price of buying from international retailers with our money.

Many Australian importers have lowered their prices as a result, because our money now buys more on the world market. That is entirely aside from the issue of insurance or any other local cost. It is, in fact, the way that a competitive market is supposed to work, by forcing price adjustments so that the consumer pays a fair price. What GW is trying to do is to kill the competition, thus allowing them to continue to charge prices which are vastly (and continually) over-inflated relics of a time when our dollar was worth roughly US$0.70, not about US$1.05 as it is now.
I absolutely agree,but also we have seen hundreds of businesses some major businesses having to completely shut their doors or in the process of shutting their doors because they can't compete especially with online retail shopping via overseas vendors, where as Australian are getting bang for our buck.

Not only this but recent reports on Australian Consumers of Australian businesses especially in the retail sector indicates that customer relationship is very poor, it does not help the situation for Australian Retailer out there that we have the worst customer service and sales staff in the western world.

People are now voting with their feet and fingers. Another main problem with Australian Businesses and that is they are very slow to change.

Ultramarines are Pussies

Except Dark Angels, any chapter that sounds like a Death Metal Band can't be that bad.
Achaylus72 is offline  
post #30 of 38 (permalink) Old 07-30-11, 01:54 AM
Junior Member
Archermonkey's Flag is: Australia
 
Join Date: Jul 2011
Posts: 21
Reputation: 1
Default

Quote:
Originally Posted by Achaylus72 View Post
I absolutely agree,but also we have seen hundreds of businesses some major businesses having to completely shut their doors or in the process of shutting their doors because they can't compete especially with online retail shopping via overseas vendors, where as Australian are getting bang for our buck.

Not only this but recent reports on Australian Consumers of Australian businesses especially in the retail sector indicates that customer relationship is very poor, it does not help the situation for Australian Retailer out there that we have the worst customer service and sales staff in the western world.

People are now voting with their feet and fingers. Another main problem with Australian Businesses and that is they are very slow to change.
I haven't heard those details myself, but they don't surprise me terribly much. I do know that there are some Australian importers that are getting by quite well, however - I work for one (a comic shop which has a behind-the-scenes wholesale aspect which supplies stock to most of the comic stores in the state, excepting a few of the larger ones). I'm not disagreeing with you on general terms, nor do I know the details well enough to agree or disagree specifically, but I do know this: none of that changes the fact that GW are getting a much, much higher profit margin from selling their products in Australia due to the monetary conversion rates. They were making a profit before the Australian dollar went up. They didn't adjust their prices down, so that they could use that to get better profits. Now they are trying to kill competition. How much of the Australian market do you think they'd lose to online sales if their prices were only 10-20% above the British ones? Or even 30%? The GW stores undeniably offer a service, and all other things being equal, I'd prefer to buy from them than from a place where I get no customer service, have to wait several weeks for my purchases, and cannot get the games and painting tips, etc that GW stores provide. Instead, they charge more like 80% on top of the British prices, making the difference too great to justify buying from their stores, even with the positives that come from doing so.


Click me!
Archermonkey is offline  
Reply

  Lower Navigation
Go Back   Wargaming Forum and Wargamer Forums > Wargaming News, New Releases and Information > Wargaming News and 40k Rumors

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Wargaming Forum and Wargamer Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome