|7631 forum posts|
Has anyone got knowledge of what happens to all the unsold power tools?
We all see on the shelves the new models and it seems its there where I had the thought..................do they all get dismantled and recycled or sold off to other countries?...............its not only these power tools but, TV's, computers, fridge freezers and so the list goes on.............
I've never seen a store that offers only discontinued models.(mind you, who would buy them!).........the amount of tools/other goods I've seen over the years and wished I owned but, the shops always clears the shelves to occupy the new models.........
|Andy King||01/09/2009 18:30:31|
170 forum posts
A friend of mine runs a tool shop in Bristol, specialising mostly in Makita and he goes along to the tool launches for new product and buys up the older stuff at discount prices as it takes a while for the new stuff to filter through, plus he can offer a great deal on the stuff seen as 'old stock'. He does have to go the extra mile in some instances, he's up against Screwfix and at one time B&Q who can offer massive discounts because of their buying power.
He sold around £3/4 million worth of Makita tools last year though, and made a decent profit, so he's doing something right!
1635 forum posts
I don't know about tools but I have a friend who manages a Dixons store. They manage to sell everything. New models don't get displayed until stocks of the old ones are low enough to finish them off with a "special offer."
Manufacturers of electrical goods usually have arrangements to sell off old stock with stores that specialise in high discount retail.
|7631 forum posts|
I'm totally surprised at how much is being bought to sell on for a massive profit.
I do understand that you must make profit to stay alive in the business but, how much of a discount do these people buy the old tools from the manufacturer and how much would the average profit be...........this sounds very much like the 'one man's trash is another man's goldmine'. Interesting all the same,
Another interesting comment. I suppose its me missing those 'massive sales now on' signs......I thought it was the new items being sold at discounted prices......I see where these shops make the profits...............I must get out more
I still wonder what happens if they cant sell all of the old stock...........there must be some left somewhere.
Thanks for the comments chaps.
|Ralph Harvey||01/09/2009 22:57:44|
|3274 forum posts|
They end up in the same place that catalogue returns go to ......... "ebay job lots" and other auctions which are then sold on at boot sales etc
Mind you i never seem to find them i just hear about them after. ?
|7631 forum posts|
I never thought of that. Must be very cheap if they use any of our car boot stalls........not much is sold above £20 but, I know if I had a 'new' old power tool from there, I want to know where they got it from
|Andy King||02/09/2009 09:51:00|
170 forum posts
I might have mislead you slightly there Marc!
My friend doesn't just sell old stock, he buys up some of it that he knows is still in demand or that he knows he can sell.
It's usually when a big launch is being made where he can strike the best deal. Li Ion tools are the best current example, manufacturers go overboard to promote it, so he enquires about picking up the kit that everyone was clamouring for a week before the Li Ion was introduced, and gets great deals that way.
In that respect, he often makes up kits of battery tools to suit the customers needs, so you can mix and match, unlike most manufacturers who offer you a kit of 4 or 5 tools that only three are of any real use.
I've been in his shop where he'll have a drill/driver with three NiCd batteries for instance, and because he's had a good purchase on a NiCd Impact driver because the Li Ion ones are being pushed by the manufacturer, he'll throw the body in for next to nothing as he knows the customer will come back again, and he still makes a profit, albeit smaller than some could do, but he sees the bigger picture of customer loyalty.
He does sell the brand new stuff as well, but because he is so flexible, his customers often come to him because of it. Things like batteries as well. Li Ion ones are extortionate, but he will buy a load of NiMh or NiCd as a stock item, put them in a basket at a knock down price, and they fly out because there are still plenty of people out there with tools that use them, but with Li Ion so expensive to buy into, are loathe to swap over.
You do see electrical goods up for grabs at knock down prices sometimes in similar areas where the new product is launched alongside it, but i try to keep my blinkers on then as i love electronic gadgets and would end up buying them all!
|Alan T.||02/09/2009 12:09:01|
|1033 forum posts|
Seems that Bargain Hunt isn't confined to the box after all. Being a none driver at present I never see them anyway,but live in hope. Cheers Alan T.
|7631 forum posts|
Thanks for that mate, makes it a tad clearer.......
Still, those older models are still a mystery.
Your be surprised the many high street shops offer even more discounts if shopped online........the wonders of the internet hey!.....................though, those bargains seem to come around when I've no money
|575 forum posts|
My understanding is, the big Sheds screw the supplier to a price and everything not sold goes back to the Manufacturer. The "Old Stock" then gets sold off as as stated before.
The smaller tool shops dont have vast stocks and hope to sell all the stock which can be replaced. once sold.
|George Arnold||05/09/2009 21:41:19|
1834 forum posts
I always understood that Dixons offers where modles that where going out of production, they say with computors they are out of date when you purchase them. nothing is sold at the full recomended retail price . there are stores that sell catalogue returns, and you can buy pallets of goods at auctions. that are discontinued lines
|steve h||06/09/2009 00:28:57|
403 forum posts
Like most people, i hate having to pay full price for anything & hate going into the big 'sheds' to find yesterdays frontline product being sold at a hugely discounted price!
Many of the bigger brands want & need to protect their product from heavy depreciation and will take back as much unsold stock as possilble, as it maintains their market postion (pricing position).
Some of the bigger sheds also buy stock on the grey market in job lots and can then take them to their store and discount - though they are very rarely the new range, just floating older stock. Supermarkets are very good at this!
Much of the lesser branded stuff and predominantly from far eastern markets is purchased in bulk orders from distributors etc, these are particulary vunerable to massive discounting at their end of 'shelf life'!
BOGOF, WIGIG, - buy one get one free, when its gone its gone, move them, sell em, shift em! They made their money a long time ago and do not sell at a loss! What, how much profit?
Would you like to pay the rates, staff, support etc for jut one of those stores -
THERE IS ALWAYS A BARGAIN IF YOU LOOK HARD ENOUGH - though do not buy today when 'obsolescence' is king!
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