Subject:
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Re: WalMart prices... (FOTW part II)
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Newsgroups:
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lugnet.market.shopping
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Date:
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Mon, 4 Oct 1999 04:02:10 GMT
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Viewed:
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291 times
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Ray Sanders wrote:
> Timothy Carl Buchheim wrote:
> >
> > The stores near me must pick and choose which clearance prices to use.
> > One store has 5988 Pharoh's Forbidden Ruins at 50% clearance, but has
> > 8269 Cyber Stinger at full price, while the other nearby Wal-Mart has
> > 8269 at 50% off and 5988 at full price. I've learned to check all of
> > the local Wal-Marts when looking for LEGO on clearance because the sets
> > they have on clearance almost never match.
> >
> > The Wal-Marts near me seems to discount sets 25-30% for a few weeks, and
> > if they don't sell, they knock them down to 50% off until they sell. I
> > guess I'm lucky. :)
>
> Again this morning I had to go into WM for something. So I found the
> Toy dept lady and asked a few questions. It seems that there are several
> factors involved: First, she can only mark something down a minimal
> percentage on the first go-round (I think she said 20% or so). Then
> (assuming it has not moved for some number of days, e.g. 30), she
> *might* be able to go a little lower. Second, she gets allocated an
> amount of 'clearance dollars' for the entire department. She goes around
> and determines what has been around the longest or seems to be moving
> the slowest and decides where to do her mark downs. So it seems that she
> is constrained by how much WM is willing to 'give up' in retail profit
> on a dept basis.
>
> All of these factors are probably globally controlled by the market
> dynamics of the store's location. This particular store (a WM
> SuperCenter) is about 35 miles distant from the next nearest competitor.
> To rephrase, they own the market for about 15 miles in one direction
> (east) and close to 40 miles in all other directions. So they have a low
> incentive to fiddle down the prices. ...
This is definitely the case. I posted a while back about Planetary Prowler
(6919) at $10.50 and Celestial Stinger (6969) at $12.50, and I'd bought four
of the former thinking that an incredible deal, but on Thursday I returned to
the same Wal-Mart only to find both sets on final clearance at $5 each. Of
course, I bought all 5 6919s and 3 6969s! They also have 5988 at $33; there
are a few Daredevil Flight Squads and Robot's Revenge (CyberMaster) for $6.50
as well floating around still. If you can make it to Edison Township, NJ, it
might be worth your while, a singlularly badly-organized toy section means
lots of discontinued sets hidden among the overstock.
LFB.
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Message is in Reply To:
 | | Re: WalMart prices...
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| (...) Again this morning I had to go into WM for something. So I found the Toy dept lady and asked a few questions. It seems that there are several factors involved: First, she can only mark something down a minimal percentage on the first go-round (...) (25 years ago, 28-Sep-99, to lugnet.market.shopping)
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