I dunno, I'd say the video games GW produces do a fair amount of marketing for them. And if word-of-mouth is garnering them $6MM profit, and the shareholders are happy with that profit, why should they pay for a television commercial in the age of DVR?
I don't know what some people expect. The gas prices didn't decrease during the recession. They went up. Why would the price of a luxury, non-essential commodity lower during the same recession?
It would lower to attract sales, that economics 101 if your a luxury you should watch income levels like a hawk and act to make sure you maximise sales.
Ironic in an area with gamers looking for minimum cost for maximum potential the company that makes the game is not doing a fantastic job of it.
I'm sorry, I'm clearly not expressing myself well enough. Did I ever say this practice was fair? I don't think I did. If so, please quote me and I will stand corrected. My point is not that this is a fair practice, I'm in no position to judge that and neither is anyone else since we don't know the cost break downs of GW. But, no it probably isn't fair. My point is SO WHAT? Thats the way the whole damn world works. What's not fair is the price of wheat tripling in year so people can't afford to buy bread. What's not fair is an aids epidemic in Africa. What's not fair is the western nations arbitarily intervening in some conflicts whilst turning a blind eye to repression and genocide elsewhere. The world is so damned messed up because people would rather campaign about the price of stupid plastic little men and worry about their own narrow definitions of 'fair'. And no, this is not a personal attack of the moral fibre of BoLS members, I'm just saying that there is something fundamentally wrong with our society and I'm trying to point out that perhaps there are more important things in life to worry and moan about.
If I'm coming across as confrontational then that is not my intent and I apologise, but I just get so ticked off with people moaning about percieved injustices, when actually there is nothing really wrong in the big scheme of things. I joined this forum to discuss the positives of my hobby and share my love of it with like minded individuals, but in the last month there must have been at least 6 different threads about price increases. The threads should consist of 'GW put prices up, here is what your next fix will cost you'. End of conversation, move on, talk about something else. You don't want to pay it fair enough, but do you really need to tell the whole world about it?
Dont take my word for it, take mister`s Tom Kirby year reports.
Report July 2010
"Sales are down on last year on a constant currency basis despite strong growth from the new Games Workshop Webstore. We increased the number of Hobby centres by 27 stores during the year, but the growth from these was not able to offset the decline in existing store"
You can of course consider that from July last year to the date, GW has managed to revert the situation and due to their awesome marketing tactics they reverted the sales tendencies they reported.
On my side, i rather remember their "not meeting sales expectations" reports of last Christmas, so i consider it rather difficult.
But you are right, i have no hard proof and the financial statements of GW are very careful to talk $$$ instead of sales volume. So while their net profit might be increasing, there is not way to tell about their actual sales numbers.
And this is exactly why people have been arguing against you, because you have zero evidence and yet you are making some very stunning arguments. Anecdotal evidence is worthless and meaningless, and is useless in any logical discourse. And of course GW won't tell you volumes, it isn't included along side their profit reports, volume is only important in so much as that it is for inventory sake. They would not include that in their profit reports because from a profit standpoint (when you compare to previous years) volume is unimportant, money is. If the company made 10% higher profit than the previous year, but only sold 70% of the volume of the previous year, they would still be successful, because to a company the profit is all that matters. Volume comes in to how much money you make obviously, but for a profit report, which is what a company has to report to its shareholders, all the shareholders care about are the actual monetary volume, not product volume.
ummm emerald, that letter he quoted is directly from tom kirby the chairman of GW?
that evidence is as strong as it gets, so strong in fact that what he says in the statement is legally binding as a report of GW's finance's.
The problem is that statement cuts short the next sentence which has an important context to it (reading the report myself now).
"Sales are down on last year on a constant currency basis despite strong growth from the new Games Workshop Webstore. We increased the number of
Hobby centres by 27 stores during the year, but the growth from these was not able to offset the decline in existing stores. Although there was some
improvement in the second half, achieving consistent like for like (‘LFL’) growth in Hobby centres is currently our main focus. More on this later."
Sure by this you can tell the sales aren't what they expected, but looking at the chart directly above that statement, it shows that GW has had growth between 2009 and 2010. Reading on you can tell they are not satisfied with certain markets, Australia being one of them, but overall the company has growth despite price increases.
A partial quote is just that, partial, and meaningless as it is pulled out of context.
And just a few paragraphs later it is stated they had to pay back many debts in that same year, so despite having to repay debt they are still growing, if slower than the company previously expected.
But don't take my word for it, read the report yourself, and see the charts around that statement which are on page four.
[url]http://investor.games-workshop.com/downloads/results/results2010/2009-10_FinalFullYearReport.pdf[/url]
Wow.....just wow.
Yeah, I got passionate about all of this, so I posted a few thoughts. Sorry it offended you so much. It was like 1am, and I got a little into it.
In terms of reality, I don't have a right to ANYTHING, EVER. Power and its use is all that exists. If I want something, and I am powerful, I can take it. Total Sadist mentality. I agree with this.
I'm not some sort of socialist, left-wing extremist; you really have no idea.
GW does not owe me anything. I am FULLY AWARE OF THAT.
The world will not end if I have to stop playing Warhammer. It would be a shame though.
What astounds me is your totally lack of empathy. You are basically saying, that they can do what they want, and I should either take it or leave it? Well fine, but I will give them some feedback before I go, as I feel I at least owe them that.
I'm just amazed that GW can ban retailers sending stuff overseas. In this day and age of internet business and a global economy (apparently).... Internet business is my business, and I don't like to see it restricted.
Stop taking it all to heart, mate. I'm saying we should all hold hands and sing until they give it to use for free.
I expect to pay a price for a product, and I expect to pay more the the top product, with GW has. What I don't expect is to be told who I can buy from. I don't expect to be charged SUBSTANTIALLY more than the next person.
I find it funny that most people here (who aren't from the Southern Hemisphere) are tell me to go away, yet on Reddit, everyone is getting behind it.
I do not expect this to do anything. I just think it is worth letting them know. END OF STORY.
(p.s. If you don't like my opinion, don't read it. No one is forcing you. You have no right to complain. I don't owe you anything, and neither does the internet).
Last edited by Arch_Bishop; 05-17-2011 at 11:04 PM.