Vacuum Cleaners Discussions |
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Venson
Joined: Jul 23, 2007
Points: 1900
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Jimmy Dyson does try hard . . .
Original Message Oct 21, 2009 6:59 pm |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Jimmy Dyson does try hard . . .
Reply #70 Nov 8, 2009 6:41 am |
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Something doesn't add up
If 8,000 cleaners a day US is more than the sales figures of 2004 -2007 why would Dyson be making less money? Unless it is fewer, and if sales are dropping around the world, then less revenue would make sense. But what's this about an increase in market share? If your market share is increasing, then shouldn't revenues be increasing also? I'm reminded of the Wizard of OZ, "Pay no attention to that man behind the curtain!" Hi Trebor: Read again what M00seUK says about the dyson financial results. He's right on the money! I highlighted the most relevant part to your concern. As a privately held, limited company, Dyson's accounts for the period ending 2008 only need to be filed on or around 9 months later, which is why that it is only as of this week that they are in the public domain. Due to being in private ownership, there's next to nothing that can be gleamed from the filing, other than the numbers discussed above. If you're after a breakdown of sales by business unit, by quarter, you'll have to resort to guesswork. Frustrating for Dyson's competitors and followers alike. Forbes magazine lists the wealthiest persons in the world every March, as dyson DiB pointed out here when he first posted the information. Forbes did an article/interview with Sir James for the first time in March 2007 with $2 BILLION for his 2006 wealth. He appeared on Forbes list in 2008 with $1.6 BILLION for 2007. He appeared in Forbes again in 2009 with $1 BILLION for 2008. The cut off for the Forbes list is $ ONE BILLION US. However, Forbes lowered the bar for its wealthiest Americans recently to $990 MILLION because so many fell off the BILLIONAIRE list. You can see the trendline over the years with Sir James and therefore dyson, since he is the owner. Do you think Sir James will make it in March 2010 for 2009? As M00seUK points out in his post, your guess is as good as another's. Of note too is that the article DiB posted above which refers to Sir James as a multi-millionaire, not billionaire as was the case in the past. Carmine D.
This message was modified Nov 8, 2009 by CarmineD
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Jimmy Dyson does try hard . . .
Reply #71 Nov 8, 2009 12:49 pm |
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Jimmy Dyson does try hard . . .
Reply #72 Nov 8, 2009 1:19 pm |
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Times Online: Rich List RESULTS FOR 2009 Ranking: 76 Worth: £560m ($930m) Down: £200m ($332m) Source of wealth: Household appliances In February, the 61-year-old inventor of the bagless vacuum cleaner pledged £5m ($8.3) to the Royal College of Art for its new campus in south London. Dyson James, parent company of the family-owned appliance maker, based in Malmesbury, Wiltshire, had sales of £611m in 2007, up £100m, and profits of £88.8m, up 7.3%. Other assets, such as Dyson’s £15m Gloucestershire mansion, take the family to £560m. RESULTS FOR 2008 Ranking: 98= Worth: £760m Source of wealth: Household appliances Source: http://business.timesonline.co.uk/tol/business/specials/rich_list/rich_list_2009/article6104959.ece
This message was modified Nov 8, 2009 by DysonInventsBig
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Jimmy Dyson does try hard . . .
Reply #73 Nov 8, 2009 1:24 pm |
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dyson DiB: What's laughable are you, and your out-of date dyson data and jokes. Ancient history. You and Sir James are living in the past. It's not 2005/6 anymore. It's the end of 2009. Here's a news flash: The competition has overtaken you/dyson. You're looking at the good old days in the rear view mirror. Carmine D. Just a reminder... You're not having a controlled conversation (you've stacked the cards) in a controlled environment (your store), using controlled side by side comparisons (your trickery or using non-real world junk science) with little Ms. Trusting, you're having it on the web... so belly up with a source (proof). DIB
This message was modified Nov 8, 2009 by DysonInventsBig
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Jimmy Dyson does try hard . . .
Reply #74 Nov 8, 2009 1:49 pm |
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It's just that I continue to see so many Dysons come into my friend's shop for repair. Many people spend in excess of 100.00 to fix a vacuum less then 5 years old because the repair is not covered by warranty. Huh? Many say they will not buy another Dyson, but the repair is the same as a Big Box vac, and they do like the performance, and they don't want to shop for another vacuum, so they fork out $$$ for the repair. People do abuse their vacuums, and I would say the Dyson is more vulnerable to damage from abuse than many. Seeing the dirt seems to be a big deal. Maybe people vacuum more, and slower when they see the dirt swirling around. But if Dyson really is selling 8,000 cleaners a day, if they are in financial distress it has to be due to poor management, not an uncommon phenonemon
Hi Trebor,
Hoover uprights and Electrolux canisters are our biggest source of repairs. I would offer that it's not because they are poor product but simply because there are so many of them out there. If Dyson is selling 8000 vacs in the US in depressed times I can only imagine how many have been sold in years previous and would expect to see a fair amount in for repair. As Dyson has only been in Canada for 3 years (and at last report still had the largest sales by dollar volume) we have yet to see many with problems. From our own experience, we've sold 112 units since January 1st of this year and have had 4 warranty claims. 2 DC24's with bad motors, a DC23 with a short in the power hose and a DC23 used to clean up a construction site (so it doesn't really count) All in all, it's not much different than our Sebo, Eurekalux, or Riccar lines. Like anything else on the market (except maybe Europro products IMO) as long as you take care of your equipment you're likely to have if for a long trouble free life.
Dusty
PS Customers love to see dirt swirl...makes them feel like the housework is worth it. Some time ago, it was said.... Q: What’s the number one selling motorcycle? A: Honda. Q: What’s the number two selling motorcycle? A: A used Honda. Dusty, thank’s for setting the record straight. Stating Dyson's are unreliable because they're in shops being repaired is a old con (if told by dealers and those who know better) and this con is often told in the UK too. DIB
This message was modified Nov 8, 2009 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Jimmy Dyson does try hard . . .
Reply #75 Nov 8, 2009 1:51 pm |
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Just a reminder... You're not having a controlled conversation (you've stacked the cards) in a controlled environment (your store), using controlled side by side comparisons (your trickery or using non-real world junk science) with little Ms. Trusting, you're having it on the web... so belly up with a source (proof).
DIB dyson DiB: Your info and Forbes for 2007-2008 jibe. With dyson's net worth at $930 MILLION for 2009, as suggested by the both articles you posted, unless Forbes lowers the bar, Sir James will no longer be included as a billionaire in the March 2010. By logical deduction his net worth, read wealth, has declined from 2007 to 2009 by over $1 BILLION. In other words in 2 years Sir James, and by association, his dyson company has lost half its 2007 value. Now, ............if dyson's net worth is down by 50 percent, then dyson's sales are down. Yet, total new vacuum units sold in 2007, 2008 and most likely for 2009 are almost steady at the same level: 20 MILLION. So...by logical deduction some brand/s, read competition, are gaining market share in units on your fave brand. At least in the USA, which we are told represents over 2/3 of the new dyson vacuum market. Carmine D.
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Except it employs the locals not Brits.