2012 Black Friday Deals And More

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Re: 2012 Black Friday Deals And More

Postby canaan on Tue Nov 20, 2012 3:10 pm

i like the stores being open. when i worked in retail, crap days like that were the motivation i needed to move on from it and get a career.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 3:42 pm

This is a good deal.

http://www.walmart.com/ip/VIZIO-60-Class-LED-1080p-120Hz-SMART-HDTV-1.94-ultra-slim-E601i-A3/21311919

VIZIO 60" Class LED 1080p 120Hz SMART HDTV,( 1.94" ultra-slim) E601i-A3

•A Vizio 60” LED Smart TV on sale at Wal-Mart for $688, about $300 less than you can buy it anywhere else.

http://lifeinc.today.com/_news/2012/11/20/15284828-black-friday-tips-how-to-snag-door-buster-deals
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 4:08 pm

Best Buy results, same-store sales weak; shares tumble
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20121120&id=15815817

Critics say Best Buy stores are hurting because they have become showrooms for Amazon.com Inc and other online retailers, as shoppers check out electronics like high-definition TVs and then buy them elsewhere for less.

^ I agree with that. I do it and I know other people who do it.
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Re: 2012 Black Friday Deals And More

Postby pittsoccer33 on Tue Nov 20, 2012 4:22 pm

Sarcastic wrote:Critics say Best Buy stores are hurting because they have become showrooms for Amazon.com Inc and other online retailers, as shoppers check out electronics like high-definition TVs and then buy them elsewhere for less.

^ I agree with that. I do it and I know other people who do it.


So what are you going to do when Sears quits selling electronics (willing to bet it will be within 5 years) and Best Buy closes up shop ala Circuit city, Silo, Sun, Good Guys, Rex, etc etc?

Walmart, Target, Sams, and Costco all sell lower end stuff for the most part. Actually right now only Best Buy and HH Greg (and to a much lesser extent Sears) sell the high quality stuff.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 4:26 pm

You go where the cheaper source is. Right now, cheaper prices are outside of BB. I mean, high-end stuff isn't going to disappear because BB goes out of business.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 4:28 pm

And that not only means TVs but cables and electronics. I needed to buy something just recently that BB had for $30. I got it on ebay for 15 or 20.
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Re: 2012 Black Friday Deals And More

Postby pittsoccer33 on Tue Nov 20, 2012 4:37 pm

Sarcastic wrote:You go where the cheaper source is. Right now, cheaper prices are outside of BB. I mean, high-end stuff isn't going to disappear because BB goes out of business.


It is disappearing though, which is sad. The 2008 Pioneer Kuro tvs were considered the best ever made until just recently. Thats such a wild anomaly in tech. Pioneer just couldn't sell enough of them because of their high price.

As evidenced by how many god awful Samsung x003 models will be sold on Friday, people would rather spend less on total junk.

The Magnolia shops are the only place in the Pittsburgh area that you can buy an Elite, Panny VT50, Samsung 9000, and Sony HX950. Those are the best tvs available and the market for them will tank if there is nowhere to actually see one.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 4:56 pm

Yeah, BB has a nice showroom. There is a 20th AVE Electronics in Paramus NJ that I went to a few times last summer. Nice showroom with high-end stuff. I get what you're saying. It'll suck if the only place we can buy are walmart and costco. I don't know what BB can do to lower their prices, but it'd be nice if they did.
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Re: 2012 Black Friday Deals And More

Postby pittsoccer33 on Tue Nov 20, 2012 5:03 pm

Sarcastic wrote:Yeah, BB has a nice showroom. There is a 20th AVE Electronics in Paramus NJ that I went to a few times last summer. Nice showroom with high-end stuff. I get what you're saying. It'll suck if the only place we can buy are walmart and costco. I don't know what BB can do to lower their prices, but it'd be nice if they did.


Its just a race to the bottom. And I don't blame you or anyone else - Sears longest HDMI cable was 12 feet and it was $60. Monoprice is one 10th of that.

But they can't do much to lower their prices. By and large, Amazon is usually not much less (if they are at all) than any big box on middle of the road tvs or bluray players like the Samsung ES6100 or the Panasonic ST50. Especially if you are going to use your Sears or Best Buy charge card.

I've written before how many many times these tvs are sold well below cost. Sometimes the manufacturers will kick back money because of a promotion. As a salesman, my hourly contribution was one of my most important metrics. Since we were losing money on the tv, to justify me being there I had to make sure you left with five years piece of mind (lulz), all the cables you need, a bluray player, a wall mount (installed by our pros of course), and enough 3D glasses for the entire family.

I remember one night in May 2011 that we were running a 10% off promotion. We had the last of our 2010 floor models on clearance. I sold around $4000 worth of merchandise that night, and I lost the store $3700.

Unless you are really able to capitalize on the high margin items (cables, stands, 3D glasses) and high margin services (extended warranty, installation, networking) you as a store will not be able to compete on price.
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Re: 2012 Black Friday Deals And More

Postby King Sid the Great 87 on Tue Nov 20, 2012 5:13 pm

Televisions are a commodity. I'd venture that 90% of the country isn't concerned with the detailed specifications. They want something that provides a decent picture in their living room and they aren't interested in paying a premium for something that isn't worth the perceived improvements in picture.

If Best Buy can't compete on price, they'll continue to lose. If Best Buy goes out of business, who cares (in regards to television sets)? I can continue to read specs and order online. If the television isn't what I thought it would be, I'll send it back.

The high end market is a very small niche. Not enough share to dictate how consumers will be able to make purchases.

Warranties, like all other forms of insurance, are a net win for those providing it. If they weren't, they wouldn't offer. I laugh every time a Best Buy employee tries to scare someone into buying an extended warranty.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 5:13 pm

That's terrible. I don't know what to tell you. I do hear from people that they will buy at a store like BB if there is a special deal going on. But that probably doesn't make you happy.
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Re: 2012 Black Friday Deals And More

Postby pittsoccer33 on Tue Nov 20, 2012 5:22 pm

King Sid the Great 87 wrote:
Warranties, like all other forms of insurance, are a net win for those providing it. If they weren't, they wouldn't offer. I laugh every time a Best Buy employee tries to scare someone into buying an extended warranty.


I would never "scare" someone into buying one. And I understand that I bought an extended warranty on all my power tools, appliances, electronics, garage door opener, lawn mower, etc, that I would lose more money than having to replace the one thing that actually does go bad.

But really, for the cost of Happy Meal a month, why not guarantee worry free operation of your new 70" tv for the next five years ;) ?

And I can tell you that the manufacturers are very worried about losing Best Buy. I often received spiffs on items by Sharp, Panasonic, sometimes on LG, and rarely on Samsung and Sony. Samsung dumps more into advertising than anyone - thats why the perception that LED is sooooo much better has become widespread. I know that Sharp would have sold a lot fewer of those Quattron sets when they first hit stores if I wasn't getting an extra $150 to play up the benefits.

Without a salesforce to help promote their items, and ready availability in stores, they are going to lose out.
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Re: 2012 Black Friday Deals And More

Postby mac5155 on Tue Nov 20, 2012 5:27 pm

Id rather have someone giving me their honest opinion rather than pushing me towards one brand because they make more $$ off it.
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Re: 2012 Black Friday Deals And More

Postby Letang Is The Truth on Tue Nov 20, 2012 5:29 pm

Popcorn
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Re: 2012 Black Friday Deals And More

Postby columbia on Tue Nov 20, 2012 5:29 pm

I bought a brand new car over the Internet and couldn't be happier. :wink:
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Re: 2012 Black Friday Deals And More

Postby mac5155 on Tue Nov 20, 2012 5:44 pm

columbia wrote:I bought a brand new car over the Internet and couldn't be happier. :wink:


I downloaded my last car. :pop:
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Re: 2012 Black Friday Deals And More

Postby Hockeynut! on Tue Nov 20, 2012 5:45 pm

mac5155 wrote:
columbia wrote:I bought a brand new car over the Internet and couldn't be happier. :wink:


I downloaded my last car. :pop:


It probably has a virus.
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Re: 2012 Black Friday Deals And More

Postby Sarcastic on Tue Nov 20, 2012 5:45 pm

mac5155 wrote:
columbia wrote:I bought a brand new car over the Internet and couldn't be happier. :wink:


I downloaded my last car. :pop:


that deserves a rotflmao
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Re: 2012 Black Friday Deals And More

Postby Sam's Drunk Dog on Tue Nov 20, 2012 8:02 pm

Any deals on computers specifically laptops?
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Re: 2012 Black Friday Deals And More

Postby blackjack68 on Tue Nov 20, 2012 8:05 pm

Talking to the manager at Staples tonight while picking up some stuff for work, he said this is probably the last year they'll be doing Black Friday. It just doesn't drive enough traffic and sales to justify the 5am opening.
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Re: 2012 Black Friday Deals And More

Postby mac5155 on Tue Nov 20, 2012 8:58 pm

i read something a while back re: staples, that they only drive a profit like 3 weeks around the back to school time, yet they have a big enough profit those 3 weeks to keep the store afloat the rest of the year.
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Re: 2012 Black Friday Deals And More

Postby columbia on Tue Nov 20, 2012 9:00 pm

Their stock down 44+% over the last 5 years, so I can believe that.
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Re: 2012 Black Friday Deals And More

Postby Rylan on Tue Nov 20, 2012 9:01 pm

What's Staples profit margin per good sold I wonder?
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Re: 2012 Black Friday Deals And More

Postby mac5155 on Tue Nov 20, 2012 9:02 pm

my business plan: buy store space, open up back to school shop july-sept, halloween costume sept-oct, christmas decorations nov-dec, and shut down in the summer months.
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Re: 2012 Black Friday Deals And More

Postby columbia on Tue Nov 20, 2012 9:03 pm

mac5155 wrote:my business plan: buy store space, open up back to school shop july-sept, halloween costume sept-oct, christmas decorations nov-dec, and shut down in the summer months.


It's called Hobby Lobby. :pop:
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