Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Big Hit on the US/World Markets
Original Message Jan 21, 2008 2:11 pm |
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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.
This message was modified Jun 27, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #136 May 4, 2008 7:27 am |
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According to news reports, Linens-n-Things will file for bankruptcy today and/or tomorrow. Carmine D.
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.
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #138 May 6, 2008 10:49 am |
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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.
This message was modified May 6, 2008 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #139 May 6, 2008 12:16 pm |
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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.
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HARDSELL
Joined: Aug 22, 2007
Points: 1293
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Re: Big Hit on the London Markets
Reply #140 May 6, 2008 4:17 pm |
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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. Did ytou also tell us that LNT was dropping Dyson?
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #141 May 6, 2008 4:20 pm |
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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. Carmine, Yes I remember your post/s and links to the LNT credit troubles, etc. My info came directly off the Dyson v. LNT lawsuit filing. There is some inside or intriguing information there IMO. Sorry, it is not as you say… Today, Dyson’s are still being sold in LNT stores and online and have been advertised in Sunday newspaper insert/weekly ad until recently. Dyson cut LNT off in 12/2007 do to an outstanding unpaid $1.29m bill. LNT (presumably) retaliated and/or tried to save face with their customers by bad-mouthing the Dyson Corporation. Many stores in the country had orders to tell customers - Dyson was having production problems and that LNT would no longer be stocking their products, both verbally to customers and signage posted within their stores. - Which we know to be a lie. This is inside drama. DIB . P.S. A common complaint of the HH's is 1) it's heavy weight and 2) hair sticking to the shroud. Mark Bissell had to play it safe somewhat don't you think and not copy Dyson's innovations entirely? And so the belly bin and the non-perforated skirt on the shroud hurt the HH's ability to keep hair off the shroud. I LOVE IT! Mark Bissell's 130+ year old company has to copy the 14 year old Dyson Corporation’s innovation's (sorry, reverse engineered and not copy).
This message was modified May 6, 2008 by DysonInventsBig
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #143 May 6, 2008 7:21 pm |
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Hoover was also unsuccesful at copying Dyson. Such praise the others bestow on Dyson with all that copying. Hello Hardsell, How proud a mother and father must feel knowing all their hard work putting their kids thru engineering and (patent) law schools, only so to get employment bunkering down in some dank hole somewhere reverse engineering Dyson innovations. Oh well, the Dyson team has created 2 segments (pricing aside) all to themselves – the DC24 and DC25. DIB
This message was modified May 6, 2008 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #144 May 6, 2008 7:53 pm |
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Hello DIB: Much is said and alot is only as good as the source/sources' perspective. Dyson will be hard pressed to collect the money owed form LNT. Maybe a percentage if lucky. IMHO BISSELL is an old company. Originally carpet sweepers which go back to the late 1880's. I'm happy to say that I still own a few wooden ones from that era. They still work well considering their age. I believe that the BISSELL Healthy Home is a sourced vacuum and not made by BISSELL but for BISSELL. Contrary to what some say and their surprise, copying in the vacuum industry is as old as the industry itself. It's always gone on. Although not mentioned, Oreck was THE first lightweight. All the others including your fave ARE COPIES! He had the 8 pounder when 30 pound metals were the norm for the vacuum industry. B-HH is heavy. I will buy and use and then gift away. Oreck is my preference now and will be until I find a better lightweight to replace it. And I'm looking. RICCAR/SIMPLICITY are high up on the list MAde in the USA, I hear. BTW, looks like another full sized yellow lab will be added to my household in the next few days. So the Oreck, and the BISSELL if I buy one, will get a good work out. Carmine D.
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HARDSELL
Joined: Aug 22, 2007
Points: 1293
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Re: Big Hit on the London Markets
Reply #145 May 6, 2008 9:15 pm |
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Hello DIB: Contrary to what some say and their surprise, copying in the vacuum industry is as old as the industry itself. It's always gone on. Although not mentioned, Oreck was THE first lightweight. All the others including your fave ARE COPIES! He had the 8 pounder when 30 pound metals were the norm for the vacuum industry. BBTW, looks like another full sized yellow lab will be added to my household in the next few days. So the Oreck, and the BISSELL if I buy one, will get a good work out. Carmine D. Other than the Dyson and vacs like the rainbow there wasn't a lot to copy. Same old technology.
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