Another surprise from GW

[Legacy Account]

No, but a 75% drop in profits and a 15% drop in turnover IN ONE YEAR (on top of a slump the previous financial year...) is hardly good news.

It would suggest that constant price hikes have turned people off and they are not buying as much stuff. How do the bigwigs deal with it? Crank up prices.

Clever:idea:

It also shows that their empire of shops is hurting them in a big stylee.

 

[generulpoleaxe]

most brick and mortar based retail companies are struggling in england.

they simply are unwilling to adjust to the current climate of internet sales.

goverment taxing and greedy electrical/gas suppliers aren\'t helping either.

 

[DrEvilmonki]

Originally posted by generulpoleaxe

goverment taxing and greedy electrical/gas suppliers aren\'t helping either.

I just read the GW basic report. 45% tax rate!! That is crazy! they did say it will be coming down. Looks like the fastest way they could start making more money is by relocating to another country.

 

[matty1001]

Where do they manufacture the products?

 

[DrEvilmonki]

Still all done in the UK I believe.

 

[Legacy Account]

It\'s not the manufacturing costs that are hurting them so much as their massive chain of shops.

Think of all those employees, all the rent, electricity, transport and distribution costs. There has to come a point where the value of their retail business is outweighed by the cost of it. GW basically use their shops as a glorified form of advertising. I reckon there are more cost effective methods these days.

 

[philologus]

Originally posted by DrEvilmonki

Originally posted by generulpoleaxe

goverment taxing and greedy electrical/gas suppliers aren\'t helping either.

I just read the GW basic report. 45% tax rate!! That is crazy! they did say it will be coming down. Looks like the fastest way they could start making more money is by relocating to another country.

Relocation sounds like a good idea. I quit buying from European manufacturers because of the (sometimes) ridiculous tax and shipping rates.

 

[Swordwind]

The needle is not so much as broken but been taken away and then a railway spike has been hammered through the record player with a sledgehammer.

But hey, DRINK!!!!!11!!!! :drunk:

Privateer Press, Reaper, Hasslefree and many more! All cheaper than GW!!!
But y\'all knew that anyway.