Sheridan Haden 150x180 Throw: Cinnabar $50 (Original Price $229.95) @ Myer

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sydozbargain0000 on 31/10/2019 - 11:01 myer.com.au (503 clicks)
Last edited 31/10/2019 - 11:06 by 1 other user

Sheridan Haden 150x180 Throw. $50 at Myer (Original Price $229.95)

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• 

  jv on 31/10/2019 - 11:05

  -2

  Sheridan Throw $50 (Original Price $229.95)

  That's kind of misleading. These have been reduced from $100…

  • 

    Mr BoMBAStiG on 31/10/2019 - 11:15

    +2

    Sheridan. RRP. You must be new around here.

    • 

      jv on 31/10/2019 - 11:16

      -1

      Price comparisons should be normal price. You must be new around here.

      • 

        Mr BoMBAStiG on 31/10/2019 - 11:21

        White and Navy are both at $229.95. You must be new around here.

        • 

          jee on 31/10/2019 - 11:30

          +1

          @Mr BoMBAStiG: New Guys, could you please introduce yourselves

        • 

          Heaps for Cheaps on 31/10/2019 - 11:31

          @Mr BoMBAStiG: I remember there was a Vic man that got a certificate of achievement for being the only ever person to pay full price for a rug… Much like this Sherridan throw at $229, who would buy only 1 at 229 when you can buy a second for $46 more.

        • 

          jv on 31/10/2019 - 11:31

          @Mr BoMBAStiG: This post is for Cinnabar, so other product prices are irrelevant.

          • 

            Mr BoMBAStiG on 31/10/2019 - 12:22

            +1

            @jv:

            "When establishing the Recommended Retail Price for a consumer product, it is legislated that previous sales, alternate versions (such as colours) and competitor prices can be used to establish a reasonable RRP"

            Source

            • 

              jv on 31/10/2019 - 12:31

              +1

              @Mr BoMBAStiG: Except is this case, we know what the normal selling price was…

              Misleading advertising
              likely to be misleading if products have not been sold at the specified 'before' or 'strike through' prices in a reasonable period immediately before the sale commences.

              Source

              • 

                Mr BoMBAStiG on 31/10/2019 - 13:59

                @jv:

                Reasonable Period
                A subjective yet often measurable measure of time that is also often paralleled by comparable products that exhibit no strike through and alternate colours.

                Source

                • 

                  jv on 31/10/2019 - 14:02

                  @Mr BoMBAStiG: ACCC do not rely on wikipedia for their rulings.

• 

  Heaps for Cheaps on 31/10/2019 - 11:25

  I remember watching a show where an Australian company was manufacturing an item for Myer, selling it to Myer for $20 and then it being resold at $300… It shocked me to see how fat profit margins CAN be so a bargain isn't always as it seems… Clothing/homewares are particularly susceptible to this inflation unlike commodity items… Hence you rarely see electronics slashed as much as clothes etc….

  Though, it does look like a nice throw tbh.

  • 

    jv on 31/10/2019 - 11:32

    selling it to Myer for $20 and then it being resold at $300… It shocked me to see how fat profit margins CAN be

    So what do you think was the profit margin for that product???

    • 

      Heaps for Cheaps on 31/10/2019 - 11:38

      Revenue from the sales exceeding actual cost of the product would be exceptionally high no matter how you slice it

      • 

        jv on 31/10/2019 - 11:39

        So what do you think was the profit margin for that product???

        • 

          Heaps for Cheaps on 31/10/2019 - 11:50

          @jv: Based on my generously estimated actual cost, 87%

          • 

            jv on 31/10/2019 - 12:12

            @Heaps for Cheaps:

            Based on my generously estimated actual cost, 87%

            So you estimate their costs on the item are approx $141…

            • 

              Heaps for Cheaps on 31/10/2019 - 12:42

              @jv: No, $39. Are we talking about my $300 example still as I can't figure out why we are so far apart.

              • 

                jv on 31/10/2019 - 12:46

                @Heaps for Cheaps:

                No, $39

                You estimate the profit margin is 87%.

                That makes the additional costs $141 on top of the actual purchase price of $20.

                • 

                  Heaps for Cheaps on 31/10/2019 - 12:51

                  @jv: My calculation:
                  Actual Cost: $39
                  Revenue: $300
                  Margin: 87.00%
                  Markup: 669.23%

                  However, my accountancy skills don't pay the bills so I might not be reading the whole picture

                  • 

                    jv on 31/10/2019 - 13:04

                    -1

                    @Heaps for Cheaps:

                    my accountancy skills don't pay the bills

                    I can see…

                    • 

                      HeuroMeuro on 31/10/2019 - 13:18

                      +1

                      @jv: Why are you having a go at everyone? Had a bad day?

                      • 

                        jv on 31/10/2019 - 13:20

                        -2

                        @HeuroMeuro:

                        Why are you having a go at everyone?

                        I'm not. Why are you?

• 

  Elision on 31/10/2019 - 11:40

  https://www.myer.com.au/p/sheridan-sheridan-haden-euro-ea:-c…

  Matching euro cushion discounted to $20 for anyone interested.

• 

  alebox on 31/10/2019 - 11:45

  +4

  thumbnail looks like the square ham

  https://images.app.goo.gl/XHTjJST4yDxxb7WY9

• 

  Heaps for Cheaps on 31/10/2019 - 12:51

  …