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#11
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
"RsH" wrote in message ... On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH How about the Canadian "Goods and Service Tax". If I remember correctly it is included in the retail price of items in Canada. I don't remember the tax rate, but the GST would make up at least part of the difference. Ron |
#12
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
Ron Recer wrote:
"RsH" wrote in message ... On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH How about the Canadian "Goods and Service Tax". If I remember correctly it is included in the retail price of items in Canada. I don't remember the tax rate, but the GST would make up at least part of the difference. Ron It's not included in the retail price, so in Ontario the D200 would retail for $1,500 +taxes 6% GST plus 8% PST = $1,710. The retail would buy the D200 from Nikon Canada for $1,380 plus 6% GST. Nikon Canada tries to set the MSRP at $1,599.99 so that would round up to a whopping 16% margin. Henry's boldly claims on their website; "Henrys lowers prices on Nikon!" and advertises full list price! Nikon had a $60 shelf protection last week. |
#13
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
On Oct 25, 4:25 pm, Spam THis dev/null wrote:
Ron Recer wrote: "RsH" wrote in message .. . On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH How about the Canadian "Goods and Service Tax". If I remember correctly it is included in the retail price of items in Canada. I don't remember the tax rate, but the GST would make up at least part of the difference. Ron It's not included in the retail price, so in Ontario the D200 would retail for $1,500 +taxes 6% GST plus 8% PST = $1,710. The retail would buy the D200 from Nikon Canada for $1,380 plus 6% GST. Nikon Canada tries to set the MSRP at $1,599.99 so that would round up to a whopping 16% margin. Henry's boldly claims on their website; "Henrys lowers prices on Nikon!" and advertises full list price! Nikon had a $60 shelf protection last week.- Hide quoted text - - Show quoted text - Canada retailers do have some control ... eg, CameraCanada is selling a $1700USD camera I'm interested in for $1653CAD, whereas Henry's is selling it for $1800. I might expect Henry's price to come down with some pressure applied (... as if they'd match CameraCanada). Auto parts are a different story. My Honda dealer said I needed a $200CAD part, and I found the same Genuine Honda Part in the US for $39USD!! Neither of these examples need take into account inventory ... the camera is brand new (Oly E-3) and the Honda part would have been shipped from the US anyway. Go figure! cheerios from the Avalon Peninsula (where the prices are even higher!) ) |
#14
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
On Oct 25, 2:49 pm, rarewolf wrote:
On Oct 25, 4:25 pm, Spam THis dev/null wrote: Ron Recer wrote: "RsH" wrote in message .. . On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH How about the Canadian "Goods and Service Tax". If I remember correctly it is included in the retail price of items in Canada. I don't remember the tax rate, but the GST would make up at least part of the difference. Ron It's not included in the retail price, so in Ontario the D200 would retail for $1,500 +taxes 6% GST plus 8% PST = $1,710. The retail would buy the D200 from Nikon Canada for $1,380 plus 6% GST. Nikon Canada tries to set the MSRP at $1,599.99 so that would round up to a whopping 16% margin. Henry's boldly claims on their website; "Henrys lowers prices on Nikon!" and advertises full list price! Nikon had a $60 shelf protection last week.- Hide quoted text - - Show quoted text - Canada retailers do have some control ... eg, CameraCanada is selling a $1700USD camera I'm interested in for $1653CAD, whereas Henry's is selling it for $1800. I might expect Henry's price to come down with some pressure applied (... as if they'd match CameraCanada). I have no problem paying them 10-15% more than a U.S. dealer because they stock the product (sometimes) and have a store. Being able to see the thing is a value. Herbert Keppler once said 20% more wasn't unreasonable for excellent service. But I will NOT pay 30-40% more for ANYTHING today and I won't pay 70-100% more for basic accessories. |
#15
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
RsH wrote:
On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH I don't know about camera prices, but what really amazed me when I visited Canada last year was the outrageous cost of FOOD in a restaurant. What would have cost $9 on the US side cost $14 on the Canadian side! Certainly there are differences in the tax structure, and that might have a lot to do with the differences. |
#16
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
"RichA" wrote in message oups.com... Examples of "skewed" Canadian pricing. Henry's (Toronto) versus B&H. B&H isn't even a discount store. http://www.pbase.com/andersonrm/image/87831039 Henry's is the most expensive camera store in Canada. They advertise full MSRP on their website. Then they claim they lowered the price when the maker has a price drop. Henry's is more interested in pushing their "Health" extended warranty, and their 29% credit card. |
#17
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
On Oct 26, 4:04 am, Ron Hunter wrote:
RsH wrote: On Thu, 25 Oct 2007 10:46:11 -0400, Not Disclosed wrote: RichA wrote: The store can't control the prices, it's based on about a 10% mark-up from their cost. Boy, are YOU deluded. Ya think? So Mr. Expert what does a store selling a Nikon D200 pay Nikon Canada for it? Lets take Tiger Direct then. The price they charge in the U.S. against the price they charge for the SAME item in Canada. I just looked at 'new' SD cards and one specific card is US$16.99 and C$20.99. This is from one purchase order placed at corporate level by Tiger Direct and allocated to the two countries by Tiger Direct. They were likely shipped directly from China ready for sale, with English and Spanish for the U.S packaging and English and French for the Canadian packaging. The price difference is 17.5%! The supplier in China got the SAME amount from Tiger Direct for this product wherever it was shipped, Canada or the U.S. I agree that with Cameras the prices are set, in the main, in Japan by Nikon, Canon, FujiFilm, Olympus, Panasonic, and so on. They OWN the U.S. and the Canadian wholesaler, and can TELL that wholesaler 'Here is your price - pay us X per Camera, and charge the Henry's of the world Y per Camera. The margin will be more than 10% - I suspect it is closer to 25%-30%, as, to use a simple example, Beach Camera is selling, in the U.S., the FujiFilm S8000fd for about $320 when the U.S. list is $400.00 or a 20% discount. Since this price includes shipping free via FedEx ground and some amount of profit, and since this is a camera that just hit the market this month, their price has to be as least 5% lower, or $300.00. I know of a dealer whose price is actually under $300.00 but I do not trust them, and theirs might be grey market, while the Beach units are NOT grey market. The point is a valid one, as the price in Canada for the same camera was set at a manufacturer's suggested retail price of $470.00 the same day the press release in the U.S. said $400.00 in July, 2007. The difference in the value of the U.S. and Canadian dollars on the day of the press release in both countries was that the U.S. dollar was worth 6% more than the Canadian dollar, and not 3% less as is the case now, but that 6% difference seems to have resulted in a 17.5% difference in the suggested retail price on that date. I will point out that FujiFilm Canada offers a 3 year warranty and FujiFilm U.S. offers a 1 year warranty, with a 2 year extension costing $50.00 if you want it, so the prices are basically equal IF you consider the warranty as being worth that $50.00 Anyway, take it for what it is worth... These are simply comments and I agree that retailers in Canada are caught between a rock and a hard place and it will take time for prices to 'equalise'... when wholesalers and importers stop screwing the retailers, IF they even care. RsH I don't know about camera prices, but what really amazed me when I visited Canada last year was the outrageous cost of FOOD in a restaurant. What would have cost $9 on the US side cost $14 on the Canadian side! Certainly there are differences in the tax structure, and that might have a lot to do with the differences. Part of that is due to the age-old SOCIALIST marketing boards in Canada. They control basic foodstuff prices, not the market and those basics effect every other food product. |
#18
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
"RichA" wrote in message ups.com... Ya think? So Mr. Expert what does a store selling a Nikon D200 pays Nikon Canada for it? Part of that is due to the age-old SOCIALIST marketing boards in Canada. They control basic foodstuff prices, not the market and those basics effect every other food product. So is there a Nikon Marketing Board? It's been established that Nikon Canada sells the retailer a D200 for CDN $1380, Henry's will sell it for full MSRP of $1600 (+16%) stores like Camera Canada it's $1572, Vistek it's $1530. Galaxy Camera quoted via e-mail at $1500 so between 9% to 16% (Henry's) is the average markup in Canada. |
#19
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
On Oct 26, 11:41 am, "/dev/null" nntp.server.net wrote:
"RichA" wrote in message ups.com... Ya think? So Mr. Expert what does a store selling a Nikon D200 pays Nikon Canada for it? Part of that is due to the age-old SOCIALIST marketing boards in Canada. They control basic foodstuff prices, not the market and those basics effect every other food product. So is there a Nikon Marketing Board? It's been established that Nikon Canada sells the retailer a D200 for CDN $1380, Henry's will sell it for full MSRP of $1600 (+16%) stores like Camera Canada it's $1572, Vistek it's $1530. Galaxy Camera quoted via e-mail at $1500 so between 9% to 16% (Henry's) is the average markup in Canada. If true, and if Americans are selling it for $1499 (B&H) then the Can. Nikon dealers are paying more than the Americans since we know B&H does not sell products at a loss. All moot. People will buy from where they can get the best deals, so if I were Nikon (instead of trying to erect questionable trade barriers) I'd re-adjust my pricing to the Canadian dealers so it matches the U.S. dealer cost. But the Nikon body is a bad example. Why? Because to get a Nikon in Canada from the U.S. source would cost: $1499 + $40 shipping. + 15% = $1769.85 versus $1782.00 Can. Obviously, you'd go for the Canadian product. So lets take a better example, Olympus's 50-200mm lens. $1199 at Henry's, $829.95 at B&H. After tax at Henry's $1379.00. Landed, after $30 shipping and tax from the U.S. $988.95. A $390 difference!!!! about 38% higher than the U.S. landed price. Disgusting. |
#20
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U.S.-Canadian dollars at par, but it sure doesn't matter!!
"Not Disclosed" a écrit dans le message de . com... RichA wrote: Examples of "skewed" Canadian pricing. Henry's (Toronto) versus B&H. B&H isn't even a discount store. http://www.pbase.com/andersonrm/image/87831039 And your point is? Why don't you also show European and Asian prices. maybe because the US is a 30 min drive only from a few major cities in Canada ? Maybe because we can order from the US for cheap delivery ? The store can't control the prices, it's based on about a 10% mark-up from their cost. Sometimes the store keep the differences in the new cost for them. The importers set their net prices, and the dealers can NOT buy "grey market" or they will lose their dealerships. B&H has grey markey (a lot), they never lost theis dealerships. You really dont about what you are talking. The Canadian dollar is at $1.02 USD, but you expect an instant reaction on prices. I expect Q1 of FY2008 US prices may go up. instant ? its been 2 years now since its over 0.80US and the lenses prices didnt move at all, moron. |
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