What most of us know to be right and wrong, does not exist for a
politician, The scum of the earch become politians. I'd rather deal
with a common criminal than a politician. At least you know what you
Our politicians are allowed to do insider trading.
The voted to stop that after a 60 minute show..
Then when no one was looking they voted to repeal it.
You and I goto jail for the same thing.
How do you change that? I vote out the incumbent, but there are not
enough people who believe in that. I vote independents these days as I
don't believe the party system is working.
You can't change it, because we American's are stupid.. we vote the same
peope in election after election.. why do we expect it to change...
On 12/7/2013 4:03 PM, firstname.lastname@example.org wrote:
I interviewed for the job of running a WoodCraft store about 4~5 years
ago. The profit margins are far greater than what you think. there are
a few items that are low as with any trade but seriousely if the profit
was as skinny as those you mentioned there would none of the stores
around. Now having said that the BIG BOX stores can operate with those
kind of margins because corporate is making majority of the profit with
it's negotiation with the manufacturer. What ever the stores make on
top of their expenses is additional gravy.
Nothing odd at all, every one wants to carry the brand because the
profits are greater than what you have been told. The comments of the
low mark up are simply a sales ploy to back up why none of the retailers
are allowed to sell for less than suggested retail.
If Festool was as low of a profit brand as you seem to think I seriously
doubt that any one would actually be carrying the brand.
Years ago I worked for a company associated with the hobby industry.
Probably not much different than tools. We worked from the alleged
retail price industry wide. Dealer got a 40% discount from list when
they bought from a distributor. Distributor pricing was 50-10-2 or 50%
for any order, additional 10% on orders over minimum, 2% for 10 days.
So a distributor paid $4.50 for a $10 list and sold it for $6. The
dealer paid $6 and sold it for about $9 to $10. Our cost for making a
$10 item was usually about $2.50 or less.
There were some exceptions in the industry. We had one high priced item
that was discounted less. (I forget exact amount, but about 10% less
than usual) It was an item that had a good market for $40 retail, but no
market at $50 retail
On Sun, 08 Dec 2013 16:06:11 -0500, Ed Pawlowski wrote:
I worked at a Woodcraft a few years back. I can assure you that the
markup on power tools is pretty low. The only stores making much money
on power tools are Home Depot, Lowes, and the like, because they can
order by the boxcar load.
If you want to know if their is much margin on any item, just compare
prices. If the on-line price isn't a lot less, there's not enough markup
to play with. Even then you have to allow for volume differences.
And yes, Festool is different. They don't allow discounts.
This message was for rec.woodworking - if it appears in homeownershub
they ripped it off.
margins on most things are higher but I was specifically talking about
power tools, and Festool in particular. Those margins are really
tight, at least according to what I've been told. There is a huge
investment, there, too.
Just what I've been told by several sources. I agree, it doesn't make
much sense, though. I have noticed that some are carrying a lot less
On 12/8/2013 3:18 PM, email@example.com wrote:
So that, heavily stocking a low profit item really does not make
business sense, does it? No body really tells it like it is concerning
profit margins, it would be like foot ball teams exchanging their play
From an inventory stand point you really don't want to stock more than
what you can sell between stock orders.
On 12/9/2013 6:31 PM, firstname.lastname@example.org wrote:
Whom ever is indicating that the mark up on the Festool product line is
less than desirable probably is not seeing the actual cost and or profit
once the smoke clears. Long ago when I ran the parts departments for
our Olds and Isuzu franchises my counter men saw a mark up from dealer
cost. That cost was not the actual cost, it was a base to start with, a
value to place on the inventory. What I was actually paying was
considerable below published cost. That is where the real profit came
in as it only required me to place a planed stock order with no need to
pay a commission to an employee. Basically the value of the inventory
was much greater than the book cost of the inventory. That is part of
the profit that the salesman and or many store managers do not see.
Large franchises are often supplied by a company owned ware house. When
you can place a million dollar order for a particular product line you
see much deeper discounts. then you distribute that product to your
array of stores at book cost. The corporate boys do the actual
purchasing of the product, read that as what the corporation is actually
paying for what the store orders, from the manufacturer and they pay
well below what the store uses as its cost. Unless the manager or
salesman is actually writing a check to pay for the monthly purchases he
really does not know what the actual profit is for the corporation. He
is only seeing the profit that he is making over published cost.
Well yes but with the inventory systems that have been around for
several decades now it is a lot easier to do that when you had to
control your inventory manually vs letting the computer work within your
criteria. I was turning my automotive parts inventories 5~6 times a
year, much to GM's dismay. They really wanted me to keep a 90 day
supply on hand at any given point.
I suppose, but I know a lot of tradesmen who have the grungiest tools
Making sawdust is too fun to have to do it for a living. I thought
what I do for a living was the best hobby, too, until I did it for a
Generally a good reason for that. The guys who work for them will trash any
tool in short order, so the rational is to buy cheap, and often.
Generally speaking, only those who work for themselves, and have to buy the
tools they actually use, will take care of them.
So true, working as an electrical contractor I easily got 80K out of
a set of brakes, while probably having one of the heavier loaded
trucks. If you got 40K out of the employees you did well. Most
common reason was they did a crappy brake job and always did a better
job on mine. Even while showing them an obviously over heated set of
roors. I so don't miss having employees, at least know I know who to
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