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13-01-2013, 05:08 PM
#361
Kizame to much house brand junk at high prices. People have finally woken up to this.
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14-01-2013, 09:38 AM
#362
Originally Posted by kizame
You know the few times I went into the warehouse over xmas the jewellery store was never busy,in fact lucky if they had 1 person looking,max 2 people behind the counter,hmmmn nope don't think it's the warehouse.
I would by jewellery from michael hill but not the warehouse,my girlfriend is a fairly frequent customer of MH,she wouldn't buy jewellery at WH.
Mrs Hoop is a frequent customer of MHI especially when they have their promotions.
A drop in activity from MHI in November December got her and her friends talking about shopping around
Not much happening anywhere.... so lets try the Warehouse at the Base (Hamilton)...
Good range of stock ...Great deals.. ..the quality was just as good as MHI.. The staff were knowledgeable, friendly, easy to talk too....
Bottom line November/December....The Warehouse got a $$$couple of grand from Mrs Hoop..MHI got nix.
Disc: Dont have shares in either MHI or WHS
EDIT: Yes Kizame.. the Warehouse has a poor image when thinking quality...My kids laugh at me when I say I'm going out to party at the Warehouse...some wouldn't be seen dead in the place less alone shop in it
Last edited by Hoop; 14-01-2013 at 09:43 AM.
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14-01-2013, 10:35 AM
#363
Originally Posted by SparkyTheClown
That's a fascinating and useful insight - thank you Hoop!
Interesting Hoop,thanks for your reply.But they got a fair bit of my girlfriends xmas spend so(MH)... Time will tell.
The specialist retailer has been in this game for a long time and are quick to spot(usually)changes in trends or buying patterns,PLUS having international stores where trends begin they should have their fingers well on the pulse,so I still think a finicky xmas trading period worldwide.(maybe; hedges bets)
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14-01-2013, 10:49 AM
#364
You can't beat going to a real jeweller .....beats the mass produced stuff lie michaels stuff ....and sometimes cheaper ....even for the stuff the jeweller makes him/ herself
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14-01-2013, 11:26 AM
#365
Originally Posted by kizame
Interesting Hoop,thanks for your reply.But they got a fair bit of my girlfriends xmas spend so(MH)... Time will tell.
The specialist retailer has been in this game for a long time and are quick to spot(usually)changes in trends or buying patterns,PLUS having international stores where trends begin they should have their fingers well on the pulse,so I still think a finicky xmas trading period worldwide.(maybe; hedges bets)
Yeah ...Overall Xmas trade didn't seem that flash in America going on media reports.... but NZ was pretty good... I Agree, MHI is a competent, large enough company to analyse their Market ... fine tune its market strategies and bounce back.....its their competitors that now should be watchful...there's nothing worse than being in the same room with a pissed off gorilla.
Last edited by Hoop; 14-01-2013 at 11:28 AM.
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14-01-2013, 01:02 PM
#366
Most probably losing out to on line jewellers.I note on lineAustralian retailers saw sales increase 27% while traditional retailers it was 2.6%.
Expect would be same here and Canada.
WHS would be looking at loss slimmer margins,as their rents and overheads would be a lot less per square metre than MHI.
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14-01-2013, 01:21 PM
#367
Originally Posted by percy
Most probably losing out to on line jewellers.I note on lineAustralian retailers saw sales increase 27% while traditional retailers it was 2.6%.
Expect would be same here and Canada.
WHS would be looking at loss slimmer margins,as their rents and overheads would be a lot less per square metre than MHI.
Nothing like having a chat with the jeweller as he designs a piece just for her ... so he says. Online would never take experience away.
Should hear what the KKK ladies say about Michael's 'jewellery' over the lattes - would say he don't get much business
WHS been pushing jewellery (and most other things) on their website and daily specials and all that ... might get some traction from that seeing not many people in the actual stores.
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14-01-2013, 01:22 PM
#368
Junior Member
Is there a chance that MHI are factoring in a decrease in raw materials (gold and silver) which they may have on their books (thats if gold and silver prices come down this year)
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14-01-2013, 01:41 PM
#369
wonder how mhi online sales are going .... prob up more than the bricks and mortar stores eh percy
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14-01-2013, 03:15 PM
#370
Originally Posted by winner69
wonder how mhi online sales are going .... prob up more than the bricks and mortar stores eh percy
Would think they are up between 20% and 35%.If not they should get www.estaronline.com to do their web site.
Last edited by percy; 14-01-2013 at 03:16 PM.
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