RRP?
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ProCricketer1982

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Re: RRP?
« Reply #30 on: January 31, 2013, 12:55:19 PM »
Quote from: trypewriter on January 31, 2013, 12:53:40 PM
I think that a lot of retailers would suggest that the only way to make a small fortune from selling cricket gear is to start off with a large fortune...

I'll let you know in a few years, see if that's true.
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norbs

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Re: RRP?
« Reply #31 on: January 31, 2013, 01:00:12 PM »
this could end peacefully...   :o
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Aswani Cricket

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Re: RRP?
« Reply #32 on: January 31, 2013, 01:14:33 PM »
I did post a rough calculation the other day on a different topic, but can't find it now ... if you do the numbers on the following assumptions, you'll see there is not much margin for retailers:

RRP = £100 inc VAT
Trade = £55 + VAT
Selling price = £80 inc VAT
Take away costs and do the sums on what VAT you can claim and what you have to give away, see what you're left with

There is a decent profit to be had if everyone managed to sell at RRP.
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Re: RRP?
« Reply #33 on: January 31, 2013, 01:17:14 PM »
Quote from: trypewriter on January 31, 2013, 12:53:40 PM
I think that a lot of retailers would suggest that the only way to make a small fortune from selling cricket gear is to start off with a large fortune...
I'd have to agree ... Sports Direct make a net profit of around 10% which is not a lot ... but when your sales are $200m+, that gives you a $20m+ profit ... quite tidy. You have to have the money up front to set up a Sports Direct though.

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trypewriter

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Re: RRP?
« Reply #34 on: January 31, 2013, 01:37:53 PM »
Quote from: ProCricketer1982 on January 31, 2013, 12:55:19 PM
I'll let you know in a few years, see if that's true.

Quote from WC Fields to a man in a bar: 'Three years ago I arrived in this town, with only the clothes I stood up in and a sack over my shoulder. Now, I own the biggest hotel in town, an automobile concession, several stores, and a controlling interest in a new golf course that is under construction.'
Man in bar: 'What was in the sack?'
WC Fields: 'three million dollars.'
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'His was a cameo of savage cuts and pulls - the tragedy being that none made contact with the ball.'
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