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Deals: M1 iPad Air Hits Record-Low Prices at TigerDirect, Starting at $313.99 (48% Off)

startergo said:
Yes I would say the biggest winners are the one with price matched product from the store.
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Those are the only winners. Nobody else is getting anything. I feel bad for Best Buy even price matching what is clearly a mistake that won’t be honored.
 
Nick_P said:
I worked in R&D for baby products for 15 years. Carseats, highchairs, strollers, things like that. Whatever price we sold to the retailer, such as Babies R Us, Walmart, etc., their price to the consumer would be "at least" double that, usually more.

It might be different in different industries, but that was very common in the baby industry, and I'd assume all the other products in a store like these have a similar margin.

Now, that is not the "profit margin" of those retailers. They have to pay all their staff and overhead. So while they may be marking up 100% as a standard, their overall profit margin might be 5% or 20%, etc.
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Despite your experience, retail just doesn't get that kind of margins. Best Buy averages 3.2% over 10 years, Walmart last quarter was -1.18%,BBBY -31%, Target 2.68%.
 
Lobwedgephil said:
Despite your experience, retail just doesn't get that kind of margins. Best Buy averages 3.2% over 10 years, Walmart last quarter was -1.18%,BBBY -31%, Target 2.68%.
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I think we should distinguish gross margin (which considers only the “cost” of the actual good) from profit margin (which considers other costs such as general and administrative). For smaller ticket items, it is common to have gross margins of 50% or more.
 
startergo said:
Please entertain me how can one make a "mistake" on so many products? I can understand one, but not so many...
It is either legit or it is all fraud.
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It’s conceivable that this was a system glitch. Perhaps TigerDirect was planning on offering 4.8% discounts on select iPads and Macs and someone programmed 48%.
 
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KPOM said:
It’s conceivable that this was a system glitch. Perhaps TigerDirect was planning on offering 4.8% discounts on select iPads and Macs and someone programmed 48%.
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Not all were 48% discount some were more than that. You think the management was not alerted about the "mistake" last night? And they did nothing zero nada till now? If I am an owner I would fire such a management without hesitation...
 
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I’m starting to wonder if those whose order status says “processing in warehouse” will actually get there’s but “pending review” ones will be cancelled.
 
mjschabow said:
I’m starting to wonder if those whose order status says “processing in warehouse” will actually get there’s but “pending review” ones will be cancelled.
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All 4 of my orders initially showed processing in warehouse before slowly rolling over to pending review.

Although on second thought maybe I’m mistaken…
 
Lobwedgephil said:
Despite your experience, retail just doesn't get that kind of margins. Best Buy averages 3.2% over 10 years, Walmart last quarter was -1.18%,BBBY -31%, Target 2.68%.
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Yup! IT hardware, especially consumer electronics is a race to the bottom by retail. If there was no MAP enforcements by manufacturers, things would be sold below cost often as a tactic to bankrupt competitors. Even at the manufacturing side, in the highly competitive computing device segment with many components produced by other manufacturers and shared across different brands, tend to have lower margins then goods in other segments. The retail IT industry really depends on services in general to make any money or upselling soft goods like extended warranties etc..

Its really saved by the volume of customers and turnover of goods.
 
People talk about the winners in this but there's also losers. The poor employees at BB who will get reprimanded or fired for giving away product below cost. The nightmare weekend, for the poor employees at Apple corporate and TD, who have to deal with this debacle.
 
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apunkrockmonk said:
All times are EST, yesterday 2/4/23:

3:52PM - 11” Silver M2 iPad Pro 256GB
4:01PM - Apple Studio Display
7:00PM - Magic Keyboard for 11” iPad Pro
7:47PM - Midnight M2 MacBook Air 16GB 512GB
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I wonder if it’s because you placed multiple orders. I only placed one and it’s still in “Processing at warehouse”
 
Two people on SlickDeals just said their orders arrived. I’d wager 99% will be cancelled or caught before they go out, but it looks like a few people will get lucky.

EDIT: To be clear, these are price matched orders from Best Buy. Nothing has gone out from TD as far as I know.
 
RusselProuse34 said:
Two people on SlickDeals just said their orders arrived. I’d wager 99% will be cancelled or caught before they go out, but it looks like a few people will get lucky.

EDIT: To be clear, these are price matched orders from Best Buy. Nothing has gone out from TD as far as I know.
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If I am not mistaken, it was a one day deal that started yesterday.
 
Lobwedgephil said:
Despite your experience, retail just doesn't get that kind of margins. Best Buy averages 3.2% over 10 years, Walmart last quarter was -1.18%,BBBY -31%, Target 2.68%.
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I’m pretty sure the numbers you are showing here are overall company quarterly margins.

What I was showing is the markup from what the retailer pays the manufacturer, to what the consumer pays the retailer. In the baby industry it’s double.
 
I placed an order for a Starlight 256GB iPad Air w/Cellular. It was $469.00 and the total was $519 after taxes. I was registered prior to ordering. I'm not sure I'll actually get it, but it was worth the try. Honestly, I'd forgotten Tiger Direct existed, and the website still seems very much like a mid-2000s design. Anyway, mine does say "Reg Order Process - Credit Card Verification Done. Your order is in process at our warehouse." ... We'll see if it goes past that or to Pending Review or Cancelled.
 
rukia said:
People talk about the winners in this but there's also losers. The poor employees at BB who will get reprimanded or fired for giving away product below cost. The nightmare weekend, for the poor employees at Apple corporate and TD, who have to deal with this debacle.
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Yeah. BB will reprimand or fire employees over this, even if TD issues a make-good.
 
rukia said:
People talk about the winners in this but there's also losers. The poor employees at BB who will get reprimanded or fired for giving away product below cost. The nightmare weekend, for the poor employees at Apple corporate and TD, who have to deal with this debacle.
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TigerNike23 said:
Yeah. BB will reprimand or fire employees over this, even if TD issues a make-good.
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What? They were adhering to Best Buy’s price match policy as it was written.
 
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UltimateSyn said:
What? They were adhering to Best Buy’s price match policy as it was written.
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Other stores declined due to the offers coming from a “third-party warehouse”. The people I referred to will get disciplined over this discrepancy.

Also, I guarantee BB will drop TD from its price-matching policy.
 
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