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  1. #441
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    Quote Originally Posted by Beagle View Post
    Its amazing how many people are conned by this though. The lovely Briscoes lady, Tammy wouldn't get involved in anything disingenuous, surely not
    You are grumpy today, Beagle! Come on, admit that Briscoes have done the right thing by paying back a subsidy that, in the event, they didn't need.


  2. #442
    The Kid
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    Quote Originally Posted by Beagle View Post
    Yes...it is all about perception, a trick Rod Duke has been using very successfully for many years. He makes people perceive they are getting a bargain when they're not.
    The last time I went into Briscoes...I don;t bother now unless there is no alternative I was looking for a very small lite vacuum cleaner for my office a few months back, not a huge area to vacuum and was tired of lugging the big home vacuum cleaner down to my office.

    Went into Briscoes and they has some small cheap piece of Chinese made junk there for $599 but was on sale for more than 60% off at $199. What a bargain...but my Beagle nose smelled a rat because it was so small and pathetic and couldn't possibly be worth anything like $599 retail which seemed like a total rort.

    Went into Placemakers afterwards to spend my airpoints before they expire or get confiscated by Air New Zealand and bought a better looking more robust looking machine for $99. Briscoes have been rorting customers for decades with their fake sales...just go to K Mart and their regular everyday prices are generally around half what Briscoes prices are on so called sale.

    People thinking this is a decent company doing the right thing are simply not aware that Briscoes use some very disingenuous sales tactics on unsuspecting people and have been doing so for decades.
    Beagle, next time splash out and get a Dyson, even vacumns up the dog hair.

  3. #443
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    Good for Briscoes, one of many now doing the right thing.

    Ryman should follow suit. Reporting record profit and dividend payouts while taking corporate welfare meant for struggling businesses is a bad look and evident of weak, low quality leadership.

  4. #444
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    Quote Originally Posted by winner69 View Post
    Biggest price fixers are Mitre 10 and Bunnings

    The find the same product at a lower price and we beat it by 15% or whatever is just price fixing

    Don't stock much product in common and no incentive to lower prices of common products is there
    Agree 100%. You think you have found something that is cheaper at one from the same supplier, but on closer inspection it is 10mm or 20mm smaller, or some such thing like a different pack size. It's an absolute con job.

  5. #445
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    Quote Originally Posted by Ferg View Post
    Agree 100%. You think you have found something that is cheaper at one from the same supplier, but on closer inspection it is 10mm or 20mm smaller, or some such thing like a different pack size. It's an absolute con job.
    Bunnings have different SKU numbers and have used these, at least in the past, to avoid their "beat it by 15%" clause.

    Also don't think you're getting a bargain on any and every product that these companies sell. There are large number of items that are more expensive at Mitre10 (for example) than other retailers. They bank on the big-box convenience factor, with low lead-in prices on regular sellers.

    But worse still are the business practices of these two companies with their suppliers.

    I don't have any specific information about how Briscoes interact with their suppliers, but I expect it will be very similar.

  6. #446
    Member jimdog31's Avatar
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    Rod buying up $1 million of shares.

  7. #447
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    Quote Originally Posted by jimdog31 View Post
    Rod buying up $1 million of shares.
    not from his div either
    bull
    One step ahead of the herd

  8. #448
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    Hes flagged strong growth and shareprice is not reflecting true value of the business so easy to see why hes buying. Been like this for a long while now, i've always put it down to low float and not much interest from analysts and instos

    He has one of the keenest eyes for value around

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