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 #24 Feb 29, 2008 7:31 am |
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I think that those who buy expensive items (vacuums or otherwise) will continue this trend although they may wait for better financial forecasts. I do not see them running to WM or other stores to buy the low end.
Hello Dear Friend:
From what I read in the retail industry, NOT ONLY has Wal*Mart knocked out BEST BUY with the sale of electronics and related items in 2007 and still, but also cheap-chic Target on housewares and apparel. I see the latest Target TV ads conspicuously excludes the usual dyson. And Wal*Mart is running the DC18 for $498 with a few extra tools and a $100 Wal*Mart Giftcard with the DC18 purchase. While supplies last. Apparently, it's not the groceries that give Wal*Mart it's edge [as you biasely like to report]. It seems Wal*Mart is the US retailers' standard to follow in the current economy. And confused Target execs are scratching their heads wondering what the heck happened. Why? In 2005 and 2006, Target same store sales grew at twice the rate of Wal*Mart's. In 2007, Target same store sales nudged up a disappointing 0.2 percent compared to gains of 1.7% at Wal*Mart. "Expect More" should be the Wal*Mart message rather than Target's.  Carmine D.
This message was modified Feb 29, 2008 by CarmineD
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mole
 
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: Big Hit on the London Markets
Reply #25 Feb 29, 2008 8:54 am |
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Hi Carmine, You know what this economy is really making the rebuilt vacuum market take hold,as you say what goes around comes around,we are swamped with high end trade ins,you more than likely know the brands,the sales puffing,and hype is starting to really bite these guy's in the A$$, I would be very surpised if some of them are still in the floorcare business with in the year.Only the strong and talented will survive this storm ............B.T.W. the cvs industry is really taking a beating,more like 40 to 50% off of last year...........Of course you saw this coming for over 2 years now. Take Care MOLE |
HARDSELL
Joined: Aug 22, 2007
Points: 1293
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Re: Big Hit on the London Markets
Reply #26 Feb 29, 2008 9:56 am |
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Hello Dear Friend: Apparently, it's not the groceries that give Wal*Mart it's edge [as you biasely like to report]. It seems Wal*Mart is the US retailers' standard to follow in the current economy. And confused Target execs are scratching their heads wondering what the heck happened. Why? In 2005 and 2006, Target same store sales grew at twice the rate of Wal*Mart's. In 2007, Target same store sales nudged up a disappointing 0.2 percent compared to gains of 1.7% at Wal*Mart. "Expect More" should be the Wal*Mart message rather than Target's. Carmine D.
Your imagination is amazing. When did I say that groceries gave Wal Mart an edge? Now that you mention it, why wouldn't they?
About the only thing that I can recall is saying that Wal Mart is not a high end store. Neither is Target or BB or CC. Lots of changes in 2007. K Mart may jump ahead in 2008 or 2009. Who knows?
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #27 Feb 29, 2008 12:22 pm |
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Hi Carmine, You know what this economy is really making the rebuilt vacuum market take hold,as you say what goes around comes around,we are swamped with high end trade ins,you more than likely know the brands,the sales puffing,and hype is starting to really bite these guy's in the A$$, I would be very surpised if some of them are still in the floorcare business with in the year.Only the strong and talented will survive this storm ............B.T.W. the cvs industry is really taking a beating,more like 40 to 50% off of last year...........Of course you saw this coming for over 2 years now. Take Care MOLE Hello Mole:
Here in N.LV there are the following occurrences with repairs of that particular brand: First, with the 2 year waranty over and facing a $150 repair for a bad clutch and belt replacement, customers are trading in [not for the same brand]. Second, the customers agree to the repair, then don't claim it. It lays in the store abandoned. Storeowners call the customers, who say they will be in. But never show. In one particular store, I advised the owner, who has this problem, to post a sign clearly visible to all the customers that the store is not liable for repairs not claimed after 30 days. I also suggested that the repair tags that are given to the customers say the same. In the future the models with the clutches [read with the 5 year warranty] will be dyson's problems. Both the home office and/or warranty dealers who will have to eat the cost of these repairs under warranty. One of the reasons, among others, I did not buy a dyson until it had the 5 year warranty. Do you think a good part of the CVS downturn is due to the bad housing market? Carmine D.
This message was modified Feb 29, 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 #28 Feb 29, 2008 12:35 pm |
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Your imagination is amazing. When did I say that groceries gave Wal Mart an edge? Now that you mention it, why wouldn't they? About the only thing that I can recall is saying that Wal Mart is not a high end store. Neither is Target or BB or CC. Lots of changes in 2007. K Mart may jump ahead in 2008 or 2009. Who knows?
My friend:
It's not my imagination but my memory. August 2005 on another Forum. I was discussing the merits of BEST BUY vice Wal*Mart with a good friend Carl the Pro Prohlman. He liked the former and I the latter for a variety of reasons. You chimed in and said Wal*Mart has the edge, just like you are saying now, because of groceries. True, Wal*Mart is the king for produce sales. With the second far fra away. But as I told you then [and you forgot already] for retail store comparative sales purposes, the produce is culled out of the sales data. Someone once told me that the largest brain is no substitute for the smallest pencil. I agree but add if the pencil has an eraser on the end. 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 #29 Feb 29, 2008 1:33 pm |
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My friend: It's not my imagination but my memory. August 2005 on another Forum. I was discussing the merits of BEST BUY vice Wal*Mart with a good friend Carl the Pro Prohlman. He liked the former and I the latter for a variety of reasons. You chimed in and said Wal*Mart has the edge, just like you are saying now, because of groceries. True, Wal*Mart is the king for produce sales. With the second far fra away. But as I told you then [and you forgot already] for retail store comparative sales purposes, the produce is culled out of the sales data. Someone once told me that the largest brain is no substitute for the smallest pencil. I agree but add if the pencil has an eraser on the end. Carmine D. Please be kind and provide the link to that.
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mole
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: Big Hit on the London Markets
Reply #31 Feb 29, 2008 4:20 pm |
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Hello Mole: Here in N.LV there are the following occurrences with repairs of that particular brand: First, with the 2 year waranty over and facing a $150 repair for a bad clutch and belt replacement, customers are trading in [not for the same brand]. Second, the customers agree to the repair, then don't claim it. It lays in the store abandoned. Storeowners call the customers, who say they will be in. But never show. In one particular store, I advised the owner, who has this problem, to post a sign clearly visible to all the customers that the store is not liable for repairs not claimed after 30 days. I also suggested that the repair tags that are given to the customers say the same. In the future the models with the clutches [read with the 5 year warranty] will be dyson's problems. Both the home office and/or warranty dealers who will have to eat the cost of these repairs under warranty. One of the reasons, among others, I did not buy a dyson until it had the 5 year warranty. Do you think a good part of the CVS downturn is due to the bad housing market? Carmine D.
YES,YES AND YES, Carmine.Why should the dealers take the brunt of the B.S.,from inferior made products,and the manufactures change names,sell out,or get out of the business,and open schools of engineering.....and are hailed as great inventors.The public are such SUCKERS............
MOLE
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #33 Feb 29, 2008 7:00 pm |
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If you can't find it just tell us. My review is not relevent to this subject. I would expect no less than for you to try to twist the subject.
My good fellow and friend:
The review of the Royal Eminence is more relevant to this Forum than redundantly posting a thread from August 2005 which was a side bar [read unrelated to vacuums] on another Forum that is now defunct. Or is it easier for you to criticize others' vacuum commentaries than to originate your own? Carmine D.
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