40F

Much depends on your business model. Our family took the view that if it's not selling its not making us money and priced according.

 

Some model shops seem to think they are museums...

Some people treat them as museums

OK so some of the comments seem to justify this practice on the grounds that it costs the retailer more to replace the item.

 

Well, sorry, for me that is no excuse to up the price on old stock.  If it cost them £8(0) to buy and its old price was £10(0) but they sell at a new price of £12(0) then that is extra profit on that item.

 

Yes it may cost them £10(0) to replace the items but that will be covered when its sold

Clearly no understanding of how retail works

 

However I know one supplier who increased all stock when the cost of replacing the item increases, his pricing was based on how much it cost to replace the stock (if this makes sense) 

Perfectly true

Back in the 70s I knew a jeweller who had been in the business for many years.  He had a simple formula for have a good business.  He out a handsome set margin on everything he sold (IIRC 60%, and while that sounds a lot I guess that he had relatively low turnover even compared to a model shop.

 

Then he was hit with a triple whammy.

1.  UK inflation went up to an average 18% or so.

2.  The pound plummeted against the US$ - the currency which is used to price precious metals

3.  Gold prices soared as unrest in the middle east created fears of oil price hikes above those already announced.

 

He was convinced after years of being in business that he could continue with his business model.  Fact was though he had 60% margin on each watch or ring he sold, when he came to buy a replacement, it was costing him more than the money he had received from the sale.  18 months later he was bankrupt.

 

Lesson:  If the income you get from a sale is not enough to cover the stock to replace that item, you either stop stocking that item or you have to put prices up -  irrespective of what you might have paid for them.

Very well said sir

That's the whole point - Hattons don't send me marketing emails, and they've only ever contacted me about orders I've made, so sending me an email that arrives at 00.40 on the date when new legislation takes effect saying that they need my consent to continue to contact me seems a misinterpretation of the law on their part!

What`s the big deal ?????????????????????????????????????

Rails of Sheffield...the one place I buy all my stuff from (unless they don't stock it).

You forgot to mention that the price you pay excludes VAT which we have to pay being British residents 

That price excludes VAT,  I'm assuming MGR Hooper is in India

 

Regular Rails price is £99   (Ours will be the same)

Thanks for clarifying BUT wait for the other punters NOT in India wanting it for the same price [ one already has }

Who are doing them so cheaply?!

More to the point   Why are they doing them so cheaply ??????????????????

Not a good idea,I'm afraid.Someone we know....a local man.....unfortunately lost his life last year while cycling through the outskirts of Derby.He was hit by a truck on the southern ring road.

It could happen anywhere at any time.

Peter,

 

Saturday's numbers could be very hit or miss, given it's Cup Final day (England) and I believe some ginger bloke is marrying his squeeze.

 

 

The wedding will bring the men out and the footie kicks of at 17.15 I think so you could be in for a bumper day

I am still happy with my Hornby Dublo Duchess

Riddle me this...

 

The latest edition of Hornby Magazine just hit my iPad this morning and in it is a full page Hornby ad for TTTE!!!

 

I am guessing here they may have quite a bit of stock to shift fairly sharpish...

Or the ad was placed before the decision to stop TTE was taken and it was to late to cancel

Another nail in the coffin for local mdoelshops

Are we sure this is an announcement for 2018 and not 1981 ????

No 9.00 AM so 49 minutes less to wait

Good show, and spent too much money, only one criticism was it was cash only at the door. 

 

Steve 

The cost of reliable credit card machines can be expensive and possibly not justifiable for a once a year show

I believe the Reps territories have changed and the SW rep now covers Hampshire, W and E Sussex and Kent in addition to the SW. This could explain why one model is available in some counties and the others in more.

N scale anybody ????????????

Only 4 days to go

People tend to forget that the internet is only ONE form of communication there are plenty of others. Some people prefer to speak to a human and verify their exact needs. That is why some people still visit shops and do not do everything on line

I understand the reasons,but it’s all a bit 1990 isn’t it ? I’m surprised some of these smaller cottage industries don’t get a student in a couple of times a week on £7 / hr to sort this admin stuff out, can’t be cost prohibitive ?

Are you volunteering ??????

So they have HTTPS, haven't set it up fully, and it doesn't serve all the pages.

And ????

47628 is due May/June 2018 to replace the original DB limited edition  

After being at two exhibitions when somebody ran a pair of 20s at full chat on a DEPOT layout every five minutes for two days the thought of music every five minutes for two days  would make me stay away

Very good show with excellent layouts shame the sound on one of them was far to loud