LoL pwnd - GW stock

[EPStudios]

Originally posted by Evil Dave

Originally posted by Gilvan Blight
It seemed to work well back then. I don\'t see why it wouldn\'t now.

Probably because GW has pretty much pissed off every LFGS that they come into contact with

True that.... I have 3 friends that own gaming stores and simply refuse to work with GW due to their ridiculous practices.

@matty- It was more because it was a mandatory paper and I knew that GW has been having some issues financially lately. What I actually concluded in my report was more or less a guess that since they are expanding to the use of computer sculpting there are going to be some MASSIVE changes in the company as a whole. GS sculpting skills are no longer going to be necessary so I knew there were going to be lay offs... Computer skills and computer equipment are going to become more valuable to the company so their increase in long term assets is likely due to the increase in computers and the equipment to physically construct the miniatures from their 3d miniature rendering software. As far as the director selling off his share of the sock I would imagine it is just because he knew that the company was going to be announcing that they would \"not be reaching their expected profit for the term\" and from my research... the company has announced that same statement in the past and guess what... the same thing happened then... Their stock went through the floor. Though not quite as much as it did this time. I would guess that since the director complained about being pressured into saying that they would not reach the expected profit year the last time it happened he decided not to be caught with a large amount of stock from a stock that is about to lose a lot of worth when they announce that same statement again. He just learned from experience... As far as the legality of it I have no idea. That is not my department.

 

[lono]

A big factor in their constant insistance on continuing the generally freefalling retail stores is that GW sees that as one of, if not their ultimate unique selling point. It\'s constantly mentioned as something that helped build them up through the UK, and you know what, I think it did.

The problem from this is that they are now trying to apply that kind of UK centric strategy to a global market 20+ years later, without adding any real thought to if it\'s still the right thing to do or progressing the concept. They need to look at other (cheaper) ways they could achieve the same kind of exposure. There are plenty out there, yes they are different, but they might work better than the fact that very few retail stores worldwide make a proffit.

At the least they could do (whisper it quietly in case someone at GW actually overhears and comes to beat the crap out of us for suggesting such madness) some research before making decissions.

But whatever, as long as the Ork release doesn\'t slip if any takeover does go ahead I\'ll be fine.

 

[StarFyre]

we have to face it

what\'s killing the hobby, is the hobby itself...

People don\'t have time or money to deal with hobbies that take effort.

Most people don\'t have patience for this.

That is why games that have so much detail like D&D for example, are dying slowly to video games.

Add that to games such as warhammer that have a higher amount of spend required (D&D needs 3 core books, vampire/werewolf even less, and all of them could technically have most of their content made up by a good DM anyways), that it gets expensive.

I just don\'t see most people caring about painting or other games of imagination that we all prefer; hence, the hobby slowly dies.

Sanjay

 

[paintingploddy]

GW still make sales though. They\'re just not making much profit on their sales. The decisions don\'t appear to make sense. Closing down your forums, raising prices constantly (alternating with the old favourite of cutting the number of figures in a blister or box) and treating the custmer base the same. Nothing is aimed at those of us who have been around for years and there seems to be no recognition that there is legitimate competition from other companies. While the current management is in place we are going to see the same tired marketing continue.

 

[Legacy Account]

I think they\'d struggle to make the profits they once did at all these days, whatever they tried.

Retailing specialist stuff like this will die out sooner or later. Why bother going to GW when I can buy it on t\'internet cheaper and not even leave my living room?

They\'re using a business strategy built in a pre-internet era. They appear to have wholly failled to understand the implications of the web - the exposure that alternative companies have received, the opportunities to easily acquire their stuff cheaper on Ebay or from abroad, the impact of their generally negative perception right across the internet....

They\'ve thrashed every last ounce of strength from their horse, and it\'ll likely keel over and die soon. Hasbro Space Marine action figures anyone? \'40K: Adventures In The Future\' on Nickleodeon?

It\'d serve them right

 

[uberdark]

ok sorry for being gw illiterate but what the heck is flgs?

 

[Evil Dave]

Originally posted by uberdark
ok sorry for being gw illiterate but what the heck is flgs?

Friendly Local Gaming Store

 

[matty1001]

I always thought it was a Fecking Local Gamer Store, or at least thats what iv been telling myself for months lol

 

[lono]

Woah! I just chatted to an old workmate from Head Office and GW have been way more brutal than I could possibly have imagined with this it seems.

Hundreds of jobs have gone in head offices around the world. Unless I\'m mistaken it includes all finance teams, all marketing teams, all HR teams, any sort of people doing new ventures and includes some well established mangers of these departments too.

It sounds like about half the people from Northern Europe, the department I worked in, are all redundant now including my old boss, his boss, my replacement, well everyone I suppose.

On Tuesday the redundant people find out what new jobs are open for them in the new centralised support structure and get to fight over them. No doubt the person willing to accept the biggest salary cut will win (not that it\'ll be described as that of course, it\'ll be \'showing commitment to GW\')

Jesus, it\'s brutal. Perhaps necessary to remedy the terrible sittuation now, but brutal because I bet the clowns running the circus, who let it reach this point of mass redundancy (again) still have jobs.

 

[james sequeira]

All GW\'s fanboys have quite good relationships with the staff they know so this is another thing which will screw them over by chucking them out.

 

[DrEvilmonki]

Originally posted by james sequeira
All GW\'s fanboys have quite good relationships with the staff they know so this is another thing which will screw them over by chucking them out.

Well this is mainly behind the scenes staff as far as I can see (except the non profitable stores and they obviously don\'t have enough fan boys anyway)

 

[Gilvan Blight]

Originally posted by uberdark
ok sorry for being gw illiterate but what the heck is flgs?

You know that made me laugh, just because I am sure GW is wondering the same thing.

You already have your answer, but it has nothing, sadly, nothing to do with GW