Vacuum Cleaners Discussions

Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever.  This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone.  Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed.  Not sure what impact the London market fall will have on the US markets--have to wait to see.

What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue?

Any news yet on the 2007 dyson sales? 

Carmine D.

HARDSELL wrote:

I did.  Then the USA Weekend carried an article on the same.  And then the WSJ.  Nevada has been very sympathetic to the homeowners plight in part I believe to the skyrocketing housing values over the last few years.  Unlike other states looking to bleed the homeowners of cash.  Nevada capped the tax assessments several years ago to prevent higher property taxes due to the double digit rising home values year over year. 

Carmine D.

CarmineD wrote:

You contradict what you previously said:

" 5 states in particular are the hardest hit: Nevada, Arizona, Florida, Michigan and California.  Raise the tax rates to get more money for state revenues and budgets? "

HARDSELL wrote:

Hello HS:

These are the states with the largest number of foreclosures.  In fact Nevada leads.

Carmine D. 

CarmineD wrote:

The median income that you quoted for Nevada was very good.  Guess Nevadians must be gambling it away as opposed to making house payments.

I heard a local radio talk show host state that foreclosures are being exagerated by the media.  Less than 2% nationwide.  I believe the media is responsible for so many of the nations problems.

HARDSELL wrote:

HS:

It's got nothing to do with how much money one makes.  It's how much money one spends! 

Carmine D.

CarmineD wrote:

Linens-n-things filed for Chapter 11 bankruptcy on Thursday.  Plans to close 120 stores, only one in Nevada, Reno, I believe.  Bobby DiNicola is is charge of the carrying out the court bankruptcies proceeding for LNT.

Carmine D.

Correction: Michael Gries, a restructuring expert, is the interim chief executive.  DiNicola is executive chairman.

Carmine D.

Dyson filed a lawsuit against LNT.

1)      Dyson stopped delivering product to LNT since late 12/2007.  And alleges…

2)      Unpaid bill of $1.29 million

3)      Asking for an Injunction.

a.       LNT should be enjoined from making any false and misleading statements regarding Dyson’s products and/or business.

                                                               i.      LNT has been telling customers or through signage that Dyson’s are out of stock due to production problems, [their] having problems with Dyson and will no longer be carrying them anymore.

4)      Asking such other relief as this Court deems just and equitable.

Hello DIB:

LNT has 580 stores in US and CAN before shuttering about 180 stores.  I posted several up that LNT pays its vendors CBD: Cash before delivery.  Dysons are not in the stores and advertised anymore.  Since LNT filed for Chapter 11 bankruptcy, dyson becomes a creditor along with many others.  But may not get paid for years if at all. 

LNT plans to conduct business without interruption in the stores staying open which will be well stocked.  For the going back to school period too, a busy time.  BISSELL Healthy Home is prominently advertised and sold for $249 before discounts and $50 Gift card.  I might make my purchase of the HH there.  $150 after all the rebates and offers. 5 Year Warranty.  Not too bad.

Carmine D.

CarmineD wrote:

Did ytou also tell us that LNT was dropping Dyson?