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Post by harrytom on Apr 18, 2023 13:25:38 GMT 12
According to a news report today,24% of retailers will of shut the doors in the next 12 months.
Online shopping from overseas will be having an effect.
Needed a rear motor mount for a car. NZ $450 and wait 24 days. Nope ordered direct from the USA $150 nzd and arrived 3 days. So retailers need to sharpen pencils a bit,had it been an extra $20/30 may of said yes to NZ supplier.Not paying 3 x times the price.
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Post by fish on Apr 18, 2023 16:27:08 GMT 12
According to a news report today,24% of retailers will of shut the doors in the next 12 months. Online shopping from overseas will be having an effect. Needed a rear motor mount for a car. NZ $450 and wait 24 days. Nope ordered direct from the USA $150 nzd and arrived 3 days. So retailers need to sharpen pencils a bit,had it been an extra $20/30 may of said yes to NZ supplier.Not paying 3 x times the price. I wouldn't say retailers need to sharpen their pencils. They are buried under an avalanche of rules, requirements and compliance. The spiralling food prices are being driven by govt initiatives. Fart taxes, council compliance, fertiliser storage assessments, Lefty-poof-tree-hugging-vegetarian rules for chickens fart space (meaning eggs have gone stratospheric in cost). Customs inspection & biosecurity costs for everything crossing the border. Worksafe BS, ever increasing minimum wage. Traffic congestion making it impossible to get anywhere on time, or move product. But yeah, if you can get things cheaper and faster mail order, go ahead. It would be silly not to. |
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Post by fish on Apr 18, 2023 17:02:42 GMT 12
To add, the implication that retailers need to sharpen their pencil is that they are making substantial / excessive profits.
My understanding is the majority of owner operator retailers make less than the minimum wage, when they work out their money divided by the hours they put in.
Oh, and I forgot to mention retail crime. Ramraids, or just the good old five-finger-discounts.
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Post by harrytom on Apr 25, 2023 16:27:06 GMT 12
Bed bath and beyond files for bankruptcy
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Post by fish on Apr 25, 2023 18:30:10 GMT 12
Bed bath and beyond files for bankruptcy Any liquidation sales? |
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Post by GO30 on Apr 25, 2023 21:54:04 GMT 12
Bed bath and beyond files for bankruptcy Any liquidation sales? Its the US one not the NZ one. They use the same name but that's it.
Not that will stop the NZ muppets who have the same intelligence level of those who stopped drinking Corona out of fear of catching the virus.
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Post by em on Apr 25, 2023 22:00:22 GMT 12
Mass airflow sensor for landrover discovery , $750 in New Zealand . $48 on Ali express , sure it’s not OEM but worth a crack .
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Post by GO30 on Apr 25, 2023 22:06:58 GMT 12
According to a news report today,24% of retailers will of shut the doors in the next 12 months. Online shopping from overseas will be having an effect. Needed a rear motor mount for a car. NZ $450 and wait 24 days. Nope ordered direct from the USA $150 nzd and arrived 3 days. So retailers need to sharpen pencils a bit,had it been an extra $20/30 may of said yes to NZ supplier.Not paying 3 x times the price. Have a suss thru commercial auctions and business in Trade M. The amount of gear from closing down places is noticeably large and increasing.
I'm a little confused. Aren't you the one calling for higher wages yet your actions actively work against that happening. You call for more nurse and teachers yet again you work actively against that happening. You call for lower prices in what is a volume game yet again you work actively against that happening.
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Post by harrytom on Apr 25, 2023 23:24:40 GMT 12
According to a news report today,24% of retailers will of shut the doors in the next 12 months. Online shopping from overseas will be having an effect. Needed a rear motor mount for a car. NZ $450 and wait 24 days. Nope ordered direct from the USA $150 nzd and arrived 3 days. So retailers need to sharpen pencils a bit,had it been an extra $20/30 may of said yes to NZ supplier.Not paying 3 x times the price. Have a suss thru commercial auctions and business in Trade M. The amount of gear from closing down places is noticeably large and increasing.
I'm a little confused. Aren't you the one calling for higher wages yet your actions actively work against that happening. You call for more nurse and teachers yet again you work actively against that happening. You call for lower prices in what is a volume game yet again you work actively against that happening.
You import right?? So stop importing and start getting NZ manufacturers to make your gear. Cost slightly more but then higher wages would offset that,we dont pay enough taxes here to support nurses/teachers.. Why would I ant to pay 3 x times the amount from a kiwi company when I get for a 1/3 from overseas in less time? Wait till june/july when the petrol subsidy ends then you will see prices rocket in supermarkets. And more retail fails. Volume is the answer. sell 100 items for a small margin or 1 item with a huge margin that sits on the shelf,turn over is the answer. |
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Post by harrytom on Apr 26, 2023 4:36:44 GMT 12
Major sells a 5 pack of black magic hooks for $12. When I can import the same hook 1000 for $12 braid suffix 39lb 300m nz sell $32 u can import for $8 so if I spend $30 free frieght or pay $5 here in a week Gulo softbaits I can't find cheaper.sell all over nz for $14 but a shop in onehunga.if I go on line will sell fright free $7.50.go figure.Currently looking at importing a heap of gear with a friend.breaking up and repacking and sell via tm.currentky no import duty or gst. Just maybe the govt needs to stop online imports by private individuals??
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Post by GO30 on Apr 26, 2023 23:29:32 GMT 12
Major sells a 5 pack of black magic hooks for $12. When I can import the same hook 1000 for $12 braid suffix 39lb 300m nz sell $32 u can import for $8 so if I spend $30 free frieght or pay $5 here in a week Gulo softbaits I can't find cheaper.sell all over nz for $14 but a shop in onehunga.if I go on line will sell fright free $7.50.go figure.Currently looking at importing a heap of gear with a friend.breaking up and repacking and sell via tm.currentky no import duty or gst. Just maybe the govt needs to stop online imports by private individuals?? Once you've done that lets revisit this thread again. I'm sure your views won't be the same as they are now 
It won't be a big heap before you run into GST and/or duty and the admin costs associated with those. Then there is packaging cost, then labour to repackage, then Trade Me tax, then income tax just to name a few headline costs. If you net $10 per hour I'll be impressed.
No need to stop importing, there is a bigger need for rose tinted glasses removal procedures though;)
I import personally, I did only an hour ago. But I'm selective in how I do it and it only happens if I can't get it here, within reason.
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Post by DuckMaster on Apr 27, 2023 8:38:56 GMT 12
Major sells a 5 pack of black magic hooks for $12. When I can import the same hook 1000 for $12 braid suffix 39lb 300m nz sell $32 u can import for $8 so if I spend $30 free frieght or pay $5 here in a week Gulo softbaits I can't find cheaper.sell all over nz for $14 but a shop in onehunga.if I go on line will sell fright free $7.50.go figure.Currently looking at importing a heap of gear with a friend.breaking up and repacking and sell via tm.currentky no import duty or gst. Just maybe the govt needs to stop online imports by private individuals?? Once you've done that lets revisit this thread again. I'm sure your views won't be the same as they are now
It won't be a big heap before you run into GST and/or duty and the admin costs associated with those. Then there is packaging cost, then labour to repackage, then Trade Me tax, then income tax just to name a few headline costs. If you net $10 per hour I'll be impressed.
No need to stop importing, there is a bigger need for rose tinted glasses removal procedures though;)
I import personally, I did only an hour ago. But I'm selective in how I do it and it only happens if I can't get it here, within reason.
Not even to mention his guarantees he has to give under the various NZ laws such as the CGA. I have so much free shit from Trademe Buy Now. I love credit cards. Product does not work or does not meet advertised expectations. Boom - instant refund. The vendor doesn't even want the stuff back. Most recent full refund was $900 for a set of motorcar fibreglass bumpers and side skirts, a "saving" of $1800 on a NZ company. Small crack due to shipping, sent off the photos, vendor refused to acknowledge, I filed for a charge back, money is in my account. Vendor has finally told me to dispose of the items how I see fit - $50 repair which I did myself and you can't even tell... |
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Post by GO30 on May 4, 2023 13:16:04 GMT 12
www.newshub.co.nz/home/money/2023/05/price-battle-how-new-zealand-s-grocery-prices-compare-to-rest-of-the-world.htmlAn interesting piece. A month ago we did find the US expensive overall. We attacked a large 'outlet mall' and even there things were generally more than in NZ. Bigger ranges and in spots better quality but bugger all we thought was a good deal or bargain. We did a massive hunting and fishing shop. Again far bigger range, if you included now banned guns in NZ but smaller if you didnt, and the prices were very comparable to NZ. Ammo was cheaper especially if you brought the deals which were generally 5000 round at a time. Fishing gear again very comparable. Shop set up and displays made ours look like shit but then one reckoned it cost 3 mill to do the inside, that's a lot of reels needing to be sold to pay for pretty. Chatting to Aussie mate last night and they have just sold their rental due to taxes around it and over all costs meaning the ROI was just not worth the drama. But I did hear some numbers this morning that suggested the UK doing OK prices wise, which does line up with the news thing. Everytime I come back after a trip it takes a wee while to forget how insular NZers and their thinking can be.
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Post by ComfortZone on May 4, 2023 14:22:04 GMT 12
curious about this comment, I have had a rental in Australia(Perth) 25 yrs now, and briefly rented out a house here, and it is far simpler in Australia than the current NZ laws tenant wise. Only downside is the Capital Gains Tax liability if I ever sell it. |
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Post by GO30 on May 4, 2023 19:47:58 GMT 12
curious about this comment, I have had a rental in Australia(Perth) 25 yrs now, and briefly rented out a house here, and it is far simpler in Australia than the current NZ laws tenant wise. Only downside is the Capital Gains Tax liability if I ever sell it. They are Queensland and he said there's some coin they have to pay each year. Sounded like a land tax sort of thing. He also mentioned maintenance costs.
Perth isn't in Aussie, mind you neither is any other state if you talk to a local  Like Texans and Alaskans are not Americans.
Not unlike people in Takapuna/The Bays etc are not Aucklanders  |
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