Price Increases on The Ozito PXC Tool Range?

BrotherEstapol on 04/05/2022 - 11:58

I've been keeping my eye on a Ozito PXC hammer drill as I'm waiting for it to drop to $99 again to match Aldi when their equivalent comes back around this year. However I noticed the other day that the price has instead increased by $20 from $179 to $199! Given the larger price difference, it looks like inflation might have put a stop to that price matching!

I had quick a look on Price Hipster and found that a few other Ozito PXC items had increased in the last few weeks as well:
Chainsaw by $5
Cordless Nail And Staple Gun by $10
Brushless Blower Vacuum And Mulcher by $20
Brushless Lawn Mower Kit by $50

I've no doubt there's more, but I wasn't going to go through the whole range!

Not sure what else to add really other than that it sucks, but given what's going on it, I guess it's not surprising.

Has anyone else noticed price increases on other items? (aside from groceries of course)

Home & Garden 18V Ozito

Related Stores

Bunnings Warehouse
Bunnings Warehouse
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Comments

  • brendanm on 04/05/2022 - 12:02
    +2

    Everything.

  • SanAndreas23 on 04/05/2022 - 12:12
    -2

    They're probably making up for all the returns they get

  • stuckster on 04/05/2022 - 12:51
    +3

    I would suspect Bunnings slowly but steadily increases prices on a range of "exclusive" products because they have no competition… other than the occassional Aldi special buy.

    "Lowest Prices are just the Beginning"
    Don't believe it.

    • Euphemistic on 04/05/2022 - 20:36
      +1

      “Lowest prices were just the beginning”

      FTFY.

      Sucked us in initially. Now they’ve cornered the market and become pretty much the only hardware chain and have exclusive products you can’t price match what did you expect they would do?

      • stuckster on 04/05/2022 - 20:47
        +1

        I expected they would do exactly what they've done.

  • Brodo Faggins on 04/05/2022 - 13:35
    +8

    I still remember Coles 3L milk for $3 >>> increase 20c to "help" (by that I mean keep profits) drought farmers few years ago >>> "nws we'll bring it back down after the droughts" >>> Haven't seen any "down, down, price are never down" ads from Coles in a while.

    It's controlled scam-flation. Expect prices for literally everything to price out the entire middle class.
    * Wages haven't increased in years (decades?).
    * Real unemployment is probably close to 20%.
    * Stonks are manipulated.
    * Mortgage/rental stress & 90-day arrears through the roof (that's >3 months not paying rent) - go watch Martin North/DFA on youtube.
    * Entire AU housing market can collapse and AU alone can start another global GFC (facts) - did everyone forget the 2008 subprime mortgage crash?
    * Bond yields are about to go negative.
    * Your $ loses value YOY.
    * Small biz (and some nationwide industries) still haven't recovered from shutdowns - 0 reimbursement from gov't.
    * Entire healthcare sector in turmoil - weren't they our saviours from 2020 onwards??? Gov'ts thank them by taking funds out from public healthcare in recent budget… hmmm.
    * Australia's main revenue from tourism & import/export with China - we have informally banned tourism & China (AU's biggest exporters) is no longer doing business with AU - they have already switched to NZ early last year (confirmed) for ALL wine/meats/wool/minerals. NZ PM herself said she doesn't want to fight with China and they'd rather pay the premiums for their import/export relationship to grow. Scomo = Scumo. You trust this clown (shame he didn't blind himself with the wielding) to "lead" this great country? Pls name just 1 thing he's done for our country.

    Forget your tools. Focus on economics.

    • brendanm on 04/05/2022 - 17:24
      +1

      Gov'ts thank them by taking funds out from public healthcare in recent budget… hmmm.

      Then uses the money for absolute garbage.

    • BrotherEstapol on 04/05/2022 - 16:54

      Was very ironic that as soon as I posted this thread, I got bombarded with notifications for those items!

      To be fair, my post is about the RRP going up, but hopefully it means that drill I'm after will get discounted when/if Aldi have it again.

      • stuckster on 04/05/2022 - 22:04

        It's a good thing no one on ozb forums ever pays RRP! 🤣

  • revheadgl on 05/05/2022 - 10:48
    +1

    I pointed this out on another post 3 weeks ago, no one took any notice lol.

    But, yes a lot of things went up in price eg; glue gun, radio, worklight, ROS, jigsaw, red 4.0ah battery, 5.2ah battery, vacuums, mitre saw etc etc. In fact there are only a few things that haven't gone up.

  • sirspiff on 05/05/2022 - 11:48

    I read in the news yesterday that Temple and Webster are making a play for a share of the DIY market, including tools. Not sure when that will happen but hopefully it'll mean more competitive pricing, even if Ozito is Bunnings-exclusive.

    • Euphemistic on 05/05/2022 - 16:49

      Excellent. Now maybe you can help with, what is a Temple and Webster?

      • sirspiff on 06/05/2022 - 14:58

        From what I've read, Temple and Webster is an Australian founded and owned online-only retailer specialising in furniture and furnishings. They're mostly drop-shopping but have private labels too. Looking at their website, it doesn't and reading their investor docs, it doesn't sound like they're pitching in the budget/cheap price range though. Like most online retailers, they thrived during the pandemic, and have announced "The Build" - their new online-only store targeting the home improvement market (which is the part that Bunnings has 50% marketshare of).

        • Euphemistic on 06/05/2022 - 19:19

          Maybe they’ll go on to be an online competitor, but one big thing about Bunnings is being able to go in store and find the right sized bolt by looking at them.

          Of course, selling tools online is OK and plenty of stores do it because it’s fairly straight forward.

          Other hardware supplies are difficult to buy without browsing especially for the home DIY type. To search for items you need to know exactly what it’s called and many Bunnings customers don’t know the correct name, just what aisle to find it in.

          It’s kinda like online grocery shopping. Takes seconds to scam a shelf to find your product, but can take several screen refreshes to find it online.

    • stuckster on 05/05/2022 - 17:07

      Well yes, they've budgetted $10m over 2y to put into building an online diy store. But with sales tracking well below estimates and Bunnings holding 50% of market share I wouldn't expect that $10m to go very far. If they can hold out and gain some traction over the next 4-5 years it could lead to some eventual returns. But not really a comparable competitor to Bunnings.

      • sirspiff on 06/05/2022 - 15:04

        Their presentation available on their website states the $10m is initial investment for people, marketing and working capital. When they hit milestones, they get further funding.

        I think with a majority of reports (including Alphabet/Google this year) picked up by the media this year are too negative. Many are tracking down year-on-year because they did phenomenal business during the pandemic. But some are performing better than pre-pandemic. Whether they will be able to hold on to the increased business to trade better than pre-pandemic over the longer term is another matter.

        In any case, even when Masters was around, we did see some strong competition and bargains. Too bad they couldn't stay around. Hoping Bunnings considers them competitive enough to discount or lower prices in the near term.

  • big1964 on 05/05/2022 - 14:46

    There is competition in regards to Bunnings you have total tools super cheap auto mitre 10 Aldi sometimes sell tools independent lawn mower shops nurseries that sell plants and landscape supplies,
    Rsea they sell safety boots etc etc, paint spot sell paint, just to name a few
    One of the main reasons people go to Bunnings is because everything is under one roof, and most people go there for that reason because it’s convenient and cheaper than it’s rivals in most cases!!
    But with inflation running quite high at the moment and unless I am wrong that’s if you are running a business you would want to make money!!

    • Euphemistic on 05/05/2022 - 16:54
      +1

      There is no direct competitor to Bunnings. Masters was almost a legit competitor, but somehow screwed it up and went out of business.

      As you say, all the others provide the same products, but not the range or convenience.

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