FYI - JB HIFI Financials & How We're Losing the Bargain Wars.
Last edited 23/10/2019 - 16:25
Following up on the recent JB Hifi deal of users signing up phone plans for a $500 gift card this got me thinking…
How much do we value a JBH gc? (It trades for about 10% discount on the OzB classifieds)
That means on average, roughly for every $100.00 product they sell, their cost to get it from:
then the Eastern Creek DC
then the store
Then at the end of the day they need to pay for:
After all this, they pocket $6.38 in profit.
So on an ordinary day there are hagglers and negotiators, despite our best efforts, they still squeeze 22.14% margin off us (chumps).
After that, they pay wages and rent, they retain 6.38% for investors.
So in conclusion.. if you cant squeeze an additional 22.14% discount on top of the "best price" you can get, you're leaving money on the table.
Finally, I'd like to present a skill level grade:
Easy - Full Price / Catelog Sale
Intermediate - Price Match / Gift Card
Hard - Price Match with a 6.38% off their final final price & Gift Card payment. (Screw the investors & their stinkin' dividends)
OzBargain Degenerate - Price Match with a 22.14% off final final price & Gift Card payment (Sorry Timmy, no dinner tonight.)