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Remarkable Deal: Colette Offering 50% Off Many Apple Watch Models
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Having gone between wanting a link bracelet or a good knock off, and deciding I like my Milanese loop a lot and it would only compete with that for arm time (sports bands will still win for sports or rainy days..)... I wish I hadn't seen this.
I'm glad I'm in China and can't take the risks on the import taxes, otherwise I'd have put down the money for one of these at half price.
I'm glad I'm in China and can't take the risks on the import taxes, otherwise I'd have put down the money for one of these at half price.
Bummer, those gold editions sold out within minutes. Ran out of stock before I could have completed the checkout process. People could have made a profit flipping these on eBay.
I get your point, but it's not always true. There are always perennial blockbuster deals at Best Buy, Walmart, and Target on some cheap-quality 32 inch TV for $99 to $200 on Black Friday. It's not what people want really on any other day. It's just too irresistible to let pass and pretty much an impulse at this point.
I didn't realize that all Black Friday deals were profit makers.... weird.
Huh. You learn something new every day.
Ok- I'm going to be busy Googling "loss leaders" for a while. Just call me if you need anything, k?
Got it.
Soooo, what you're saying is that when I look at Black Friday & Cyber Monday ads, ALL of the items on sale are soft demand and literally "require" such a sale to move off the shelves at all.
Ok. Thanks for clearing that up. I literally had no idea.
/Thankgiving size heaping amount of sarcasm
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So I'm naive for assuming a Jewelry Store is making a profit. And you are savvy cause you learned about loss leaders in 10th grade. Got it. Clean up in aisle 7.
Looks profitable to me
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"- 42mm 18-Carat Yellow Gold Case with Black Sport Band - $12,000 → $5,744.38 "
For me at least, it is amazing to think that someone is willing to pay $12,000 for a watch with a bog-standard black plastic strap. Even with more than 50% off at $5,744.38 I cannot for the life of me justify such a purchase.
For me at least, it is amazing to think that someone is willing to pay $12,000 for a watch with a bog-standard black plastic strap. Even with more than 50% off at $5,744.38 I cannot for the life of me justify such a purchase.
Clearly you don't know what you're talking about. Apple watches flew off the shelves within an hour of Target giving out the gift cards with purchase. I'm talking WEDNESDAY the day BEFORE the official start. Target quietly started the promotion a day early and out of stocks were rampant. Nice try dude.
So I'm naive for assuming a Jewelry Store is making a profit. And you are savvy cause you learned about loss leaders in 10th grade. Got it. Clean up in aisle 7.
"
Looks profitable to me
1) colette is not a jeweller.
2) the average margin on apple products is said to be around 8-9% (http://www.smarthouse.com.au/home_office/HRMIIEMM-apple-killing-the-small-guy-reseller.aspx). why would the apple watch be so wildly different?
clearly apple is pricing the watch at a huge markup, given that they offered 50% discounts to employees. but you don't make profits by giving them away to some other chump. apple have stores in all of the cities they launched the edition in "boutiques" in. why bother with the boutiques if they're going to make all the money?
3) even if your example numbers were true in this case, given that colette is selling for 50% off, they are not making a profit as they would be breaking even...
Tell that to the guy/girl that bought the watch at full retail. I'm sure they will understand.
That gold model is a complete disaster. Even at half the ridiculous price people don't want it. Who would even pay $1000 for it?
I doubt they had many. I've been watching slick deals since Wednesday afternoon and it never popped up. It's a ok deal if you could get it.
What a way to look at it. You do realize its Black Friday right? If they had those same prices on normal days then your comment might make some kind of sense. The fact they were quickly sold out makes your comment look even more silly.
Selling at loss is illegal in France, so that means Colette is still making a profit even at 50% off.
Technically speaking target needed to offer a $100 gift card to move product. Without it those watches are not moving. And most of these sewer scum are resellers. When I bought the Nexus 6 for $200 on Amazon at 2AM people were buying 16 in one shot.
Even in department stores, the markup on their top tier jewelry and other luxury items can be 100% and up (sometime 300% or more for stuff like diamond rings). I doubt the $9000 off gold Edition sale is the kind of "loss leader" where Colette is actually losing money. Maybe closer to a break-even "door buster".
Since I'm seeing a lot of bickering, I have pasted a decent link on estimated profit margins on the edition watches. The TL;DR version of it is that the watch has about $1,500 in gold in it. It would not, for a second, surprise me if Apple sold these watches to retailers at many MANY THOUSAND under msrp.
I'm always baffled by how defensive and offensive some people get. I would guess that most people that want (and can afford without selling their car or house) an edition have an edition. This sale likely has a lot to do with waning demand for the high priced edition and this are trying to move stock at a price point more equal to "normal people" salaries. Donald Trump doesn't wait until Black Friday to splurge on watches, if you catch my meaning.
I DO NOT think this is really telling of demand on the watch itself. You can bet the overwhelming majority of these devices are in the $350 msrp flavor.
http://www.businessinsider.com/profit-margin-mark-up-on-gold-apple-watch-edition-2015-3?r=UK&IR=T
I'm always baffled by how defensive and offensive some people get. I would guess that most people that want (and can afford without selling their car or house) an edition have an edition. This sale likely has a lot to do with waning demand for the high priced edition and this are trying to move stock at a price point more equal to "normal people" salaries. Donald Trump doesn't wait until Black Friday to splurge on watches, if you catch my meaning.
I DO NOT think this is really telling of demand on the watch itself. You can bet the overwhelming majority of these devices are in the $350 msrp flavor.
http://www.businessinsider.com/profit-margin-mark-up-on-gold-apple-watch-edition-2015-3?r=UK&IR=T