Google| Subject | Re: Calumet files Chapter 7 |
| From | nospam |
| Date | 2014-03-24 12:16 (2014-03-24 07:16) |
| Message-ID | <240320140716093144%nospam@nospam.invalid> |
| Client | |
| Newsgroups | rec.photo.digital |
| Follows | Martin Brown |
In article <3BSXu.132142$gc7.43556@fx03.am4>, Martin Brown <|||newspam|||@nezumi.demon.co.uk>wrote:
exactly. if the employees couldn't see what was happening in the industry and that business has slowed down, then they were either in denial or not paying much attention.Martin BrownRobert Coe
: If the employees had notice, word would have leaked out into the wider : community and the business would have ground to a halt in a confused : shambles. They would still have been broke but their affairs would : have been in just that more of a mess.
It seems to me unlikely that the employees would not have seen the writing on the wall. Bricks and mortar photo stores are a dying breed. You only have to look around inside one to see why. Smartphones have annihilated the point and shoot market, digital zapped print processing.
People are in there playing with new expensive kit tying up experienced salespeople to help choose their kit and then blatantly looking on their iPhone to see which website has it for the cheapest price. The same thing that also killed Jessops and Jacobs in the UK. The former even offered to match online prices but it didn't save them(*).the stores aren't offering any reason to pay a premium so they go away. no loss. why pay more for less?
it isn't a failure at all.Tony CooperMartin Brown
This isn't a failure of capitalism. It's a failure of a few individuals to successfully manage a business in a changing market. Other capitalists reacted more intelligently to the changing market and provided competition that Calumet couldn't keep up with.
Actually I think it is a failure of capitalism in that people these days buy the cheapest online and screw over the honest dealers. High streets are now increasingly half empty or worse still occupied by charity shops selling tat and payday loan sharks stolen goods.
other sellers are offering the same product for less money, so either the stores need to cut their prices to match or they need to offer services to justify their higher prices. either way, the consumer wins.
2014-03-13-
-
