Agent75 wrote:If you're too expensive, you go to the wall. I read reports that they knocked peanuts off their stock, so that just says it all. I remember when Woolworth's went to the wall (way too expensive), they sold all their gaming stock to HMV, who as we all know, are also way too expensive, and are on the verge of going to the wall. I'm no business expert, but these stores just don't get it. I can see Curry's going to the wall in the future, GAME and HMV also. When this happens, it more trade for online stores, who'll then put up their prices and just take over from the likes of GAME, HMV and Curry's. It's a strange circle.
Believe me when I say this - but high street shops have to sell at these prices to make a decent turnover. When I worked in a record shop chart CD's cost £6 just to buy in - resulting in us having to sell at £9 - when you take off running costs, overheads, staff costs etc the profit margin is wafer thin.
That shop has now gone totally online and now doesnt have to pay for the upkeep of a shop ! If high streets realised that the rents for their retail units are too high (as the councils want empty units to convert them into flats for more revenue) then perhaps the high streets would not look like a ghost town as it would give the retailers some breathing space to try to compete with online prices.
Two things will happen in the near future, or are happening now - online prices will become more expensive, its started to happen with ShopTo and Zavvi, and the advent of digital distribution will create a monopoly where competitive retail is out of the window
I am not sure what people expect retailers to do, they seem to think that they can sell stuff at a loss & keep going
I still buy games from my local Game store, i of course buy games online from Game themselves but also Zavii & Amazon depending on what special editions they each have.
As soon as the market & competition is reduced the remaining retailers push up their prices, people keep on about Tesco being cheap for games, well yes but once the competition is out of the way do you really think Tesco will be selling FIFA 2014 on release for a fiver ?
A couple of years ago i wanted to buy a TV Comet had the one i wanted, but they said they had none in stock & they would have some next week (five days time) so i went back in & they said they did not have any in & would have some in a week later another five days, i asked the guy if they actually wanted my money, i even took the cash out £200 & said look here it is, he then tried to sell me a more expensive TV, i then walked out of the shop, i got the TV from Richer Sounds in the end, it was only a second TV, last year i then got a whole new cinema set-up from Richer Sounds about £2000 worth, there is a place for specialist retailers but people need to use them, i am not saying people should pay more to subsidies the shops but people need to understand why the prices are the way they are on the high street.
As this is a gaming community of course it is games we are interested in, there is only HMV & Game left now & i cannot see HMV being around next xmas, i can see Game surviving but only just, they new seem to be trying to become even more specialist selling tablets & other items in the same spectrum, my local Game has always had plenty of stock & is always packed on the weekends & always a que at the tills.
Shame for the Comet staff & i wish them the best.
used to own - NES, Atari ST, Amiga 500, Mega Drive, SNK Neo Geo, SNES, Saturn, N64, PS2, GameCube, Alienware Aurora.
currently own - PS1, Xbox, Xbox360 + Kinect, Wii, PS3 + MOVE, 3DS, Games PC, Wii U.