GW loss 2nd Half 2007

"Fin" <f_macrae.TakeThisOut@hotmail.com> wrote in message
news:328b318f-972a-446c-83bf-156c013cd994@m34g2000hsb.googlegroups.com...
GW reported a £100,000 pre-tax loss on the second half of 2007
running to December. Apparantly the answer to the loss is cost
reduction including closing 16 stores in the same period. Maybe this
is the market finally exposing the current pricing policy as not
representing good value when compared to alternatives.

Comments anyone?

Fin

MJB: I haven't bought anything besides 20$ worth of Forgeworld icons for my
space wolves and the new Eldar codex since early last summer. And with one
exception, my customers haven't been buying anything new for me to paint
either. I'm starting to see pre-owned figures I'm expected to paint-strip
for my clients rather than new, in-blister stuff now.

Draw your own conclusions. I hope GW actually manages to publish a new
Space Wolf codex before they go out-of-business.

--
MJB

Mr. Tin's Miniature Painting Workshop:
http://web.newsguy.com/Mrtinsworkshop/
 >> Stay informed about: GW loss 2nd Half 2007 

On Wed, 23 Jan 2008 05:01:20 -0800 (PST), Fin <f_macrae DeleteThis @hotmail.com>
wrote:

>GW reported a £100,000 pre-tax loss on the second half of 2007
>running to December. Apparantly the answer to the loss is cost
>reduction including closing 16 stores in the same period. Maybe this
>is the market finally exposing the current pricing policy as not
>representing good value when compared to alternatives.
>
>Comments anyone?

They picked a bad time to keep raising prices and never lower them
back down. I was in one of the local hobby stores (general hobbies)
Monday and he showed me some figures and how hobby stores all over
were suffering, as were hobby companies, because people just weren't
willing to spend as much money on hobbies right now. One store is
about to go under and this guy said he'd close up in May unless he can
find a very cheap spot to lease.

With that problem going on, where does that leave GW? With
ever-increasing prices that are putting their products even further
out of the hands of the people.

They need to lower their prices some, even if temporarily, or they're
going to suffer even more losses because people just don't have enough
disposable income right now.

--
Erik

Insert soulless sig file here.
 >> Stay informed about: GW loss 2nd Half 2007 

"Fin" <f_macrae.RemoveThis@hotmail.com> wrote in message
news:a3d499a5-1945-4df8-a7fa-79e90ddbe0bb@m34g2000hsf.googlegroups.com...
> On Jan 23, 1:08 pm, "MJB" <mrt....RemoveThis@OLDsguy.com> wrote:
>> "Fin" <f_mac....RemoveThis@hotmail.com> wrote in message
>>
>> news:328b318f-972a-446c-83bf-156c013cd994@m34g2000hsb.googlegroups.com...
>> GW reported a £100,000 pre-tax loss on the second half of 2007
>> running to December. Apparantly the answer to the loss is cost
>> reduction including closing 16 stores in the same period. Maybe this
>> is the market finally exposing the current pricing policy as not
>> representing good value when compared to alternatives.
>>
>> Comments anyone?
>>
>> Fin
>>
>> MJB: I haven't bought anything besides 20$ worth of Forgeworld icons for
>> my
>> space wolves and the new Eldar codex since early last summer. And with
>> one
>> exception, my customers haven't been buying anything new for me to paint
>> either. I'm starting to see pre-owned figures I'm expected to paint-strip
>> for my clients rather than new, in-blister stuff now.
>>
>> Draw your own conclusions. I hope GW actually manages to publish a new
>> Space Wolf codex before they go out-of-business.
>>
>> --
>> MJB
>>
>> Mr. Tin's Miniature Painting
>> Workshop:http://web.newsguy.com/Mrtinsworkshop/
>
> Similar story for me. Only things I have bought in the last 6 months
> in a GW store or direct online is a mislabeled assasin and a
> stormtrooper sergeant in a two for one deal for old stock priced at
> £4. A few pots of foundation paint and some metal tails for horses at
> about £20. That and a £10 deposit for a baneblade I have not picked
> up yet. Apocolypse rule book at £40. Two white dwarfs at about £8.
> So averaging about 11 or 12 pound a month.
>
> In the same time I've sold about 50-60 warhammer models on ebay and
> bought about 50 space marines from ebay. I'm operating a 1 in 1 out
> policy to try and reduce the space my armies take up. If I could have
> sourced the marines for less than 20 quid a squad I'd likly not have
> taken the time and effort to strip, clean and remove extra glue from
> five squads.
>
> I was much more price sensitive when I was at Uni but I consistantly
> ponied up more cash a quarter online or at the tills than I do now.
> That coupled with my ongoing boycot of RIAA affiliated music and MPAA
> associated media should mean boom times for this hobby at least on a
> personal level.
>

Well in recent times I have bought 3 things from GW, an Eldar Codex, An Orc
Codex and a box of looter/burner boys. This is pretty much my intended for
the year as well, except maybe another looter box or two.
 >> Stay informed about: GW loss 2nd Half 2007 

"estarriol" <estarriol.RemoveThis@estarriol.jeansNTshirt.co.uk> wrote in message
news:fn7itv$3nu$1$830fa17d@news.demon.co.uk...
>
>>
> Well in recent times I have bought 3 things from GW, an Eldar Codex, An
> Orc Codex and a box of looter/burner boys. This is pretty much my intended
> for the year as well, except maybe another looter box or two.

I'm seeing a general resistance building among my clients for 'change'. I
have read the pre-release version of 5th edition rules and the perception
seems to be 'one step forward, two steps back' among people who have a lot
of money invested in their collections. And I don't think I'm the only one
who's beginning to get just a tad tired of the constant revisions:

I own all the 'canon' original Rogue Trader books, the supplements and lots
of copies of 'loose' pages that gap-fill the fluff text.

I own all the 2nd edition 40k books and all the 2nd edition codexs.

I own the third edition of 40k rules, the compendium, some Imperial armor
book (forgeworld) and codexs for my own armies and those I'm painting for
clients. I've never even seen a Tau codex of any version since nobody I
know plays 'em.

I never bought a copy of the 4th edition rules at all - I just have a copy
of the 4th edition cheat sheets and some notes for my particular amries
which are perfectly adequate for my gaming needs. I build 'nids but I never
bought the codex - I just copied the new point values / appropriate rules
out of someone else's 4th edition codex into my old 3rd edition codex. I
don't have a new Space Marine codex because I'm not going to buy it until
the new 4th edition Space Wolf codex is released. The only codex I actually
bought is my Eldar codex and that's because I've got close to 4k of painted
Eldar - it's by far my biggest and most complete army.

I'm still tempted by old 2nd edition metals whenever they cross my path -
all three of my armies are painted and organized around the 2nd edition
codexs with very few new plastics being involved. I will admit to being
tempted by some of the new 'nid models, especially the big bugs that can be
constructed to be multi-dimensional using magnets. And now I've seen the
pre-release version 5 of 40k. And I might just stop right here before it is
actually put-out. Perhaps enough truely IS enough.

<shrug>

And I'm seeing a similar level of dis-interest among other people as well.

--
MJB

Mr. Tin's Miniature Painting Workshop:
http://web.newsguy.com/Mrtinsworkshop/
 >> Stay informed about: GW loss 2nd Half 2007 

On Wed, 23 Jan 2008 08:06:45 -0700, "MJB" <mrtinj.DeleteThis@OLDsguy.com> wrote:

>
>"estarriol" <estarriol.DeleteThis@estarriol.jeansNTshirt.co.uk> wrote in message
>news:fn7itv$3nu$1$830fa17d@news.demon.co.uk...
>>
>>>
>> Well in recent times I have bought 3 things from GW, an Eldar Codex, An
>> Orc Codex and a box of looter/burner boys. This is pretty much my intended
>> for the year as well, except maybe another looter box or two.
>
>I'm seeing a general resistance building among my clients for 'change'. I
>have read the pre-release version of 5th edition rules and the perception
>seems to be 'one step forward, two steps back' among people who have a lot
>of money invested in their collections. And I don't think I'm the only one
>who's beginning to get just a tad tired of the constant revisions:
>
>I own all the 'canon' original Rogue Trader books, the supplements and lots
>of copies of 'loose' pages that gap-fill the fluff text.
>
>I own all the 2nd edition 40k books and all the 2nd edition codexs.
>
>I own the third edition of 40k rules, the compendium, some Imperial armor
>book (forgeworld) and codexs for my own armies and those I'm painting for
>clients. I've never even seen a Tau codex of any version since nobody I
>know plays 'em.
>
>I never bought a copy of the 4th edition rules at all - I just have a copy
>of the 4th edition cheat sheets and some notes for my particular amries
>which are perfectly adequate for my gaming needs. I build 'nids but I never
>bought the codex - I just copied the new point values / appropriate rules
>out of someone else's 4th edition codex into my old 3rd edition codex. I
>don't have a new Space Marine codex because I'm not going to buy it until
>the new 4th edition Space Wolf codex is released. The only codex I actually
>bought is my Eldar codex and that's because I've got close to 4k of painted
>Eldar - it's by far my biggest and most complete army.
>
> I'm still tempted by old 2nd edition metals whenever they cross my path -
>all three of my armies are painted and organized around the 2nd edition
>codexs with very few new plastics being involved. I will admit to being
>tempted by some of the new 'nid models, especially the big bugs that can be
>constructed to be multi-dimensional using magnets. And now I've seen the
>pre-release version 5 of 40k. And I might just stop right here before it is
>actually put-out. Perhaps enough truely IS enough.
>
><shrug>
>
>And I'm seeing a similar level of dis-interest among other people as well.

I've got a shelf with...

-Half of the RT-era books (mainly missing the Ork and RoC books, lost
in a fire)
-EVERY 2nd edition book released
-EVERY 3rd edition book released
-EVERY 4th edition book so far

Only sans the Imperial armor stuff.

Another shelf has...
-The WFB 2nd/3rd edition box (can never remember which)
-EVERY 4th edition book
-EVERY 5th edition book
-EVERY 6th edition book
-EVERY 7th edition book

So basically, between that and all the figures I have, I'm too heavily
invested to drop out of the hobby, even if a lot of my figures were
bought second-hand or just plain given to me.

That, and there's a big GW following in this town, which likes to vary
the rules and do things like Combat Patrol, Kill Team "tourneys",
Warbands games, and Mordheim leagues.

But more and more I do find myself drawn by the siren call of
Warmachine and Hordes...

--
Erik

Insert soulless sig file here.
 >> Stay informed about: GW loss 2nd Half 2007 

"MJB" <mrtinj.DeleteThis@OLDsguy.com> wrote in message
news:fn7l6b01sts@news3.newsguy.com...
>
> "estarriol" <estarriol.DeleteThis@estarriol.jeansNTshirt.co.uk> wrote in message
> news:fn7itv$3nu$1$830fa17d@news.demon.co.uk...
>>
>>>
>> Well in recent times I have bought 3 things from GW, an Eldar Codex, An
>> Orc Codex and a box of looter/burner boys. This is pretty much my
>> intended for the year as well, except maybe another looter box or two.
>
> I'm seeing a general resistance building among my clients for 'change'. I
> have read the pre-release version of 5th edition rules and the perception
> seems to be 'one step forward, two steps back' among people who have a lot
> of money invested in their collections. And I don't think I'm the only
> one who's beginning to get just a tad tired of the constant revisions:
>
> I own all the 'canon' original Rogue Trader books, the supplements and
> lots of copies of 'loose' pages that gap-fill the fluff text.
>
>
> I'm still tempted by old 2nd edition metals whenever they cross my path -
> all three of my armies are painted and organized around the 2nd edition
> codexs with very few new plastics being involved. I will admit to being
> tempted by some of the new 'nid models, especially the big bugs that can
> be constructed to be multi-dimensional using magnets. And now I've seen
> the pre-release version 5 of 40k. And I might just stop right here before
> it is actually put-out. Perhaps enough truely IS enough.
>
> <shrug>
>
> And I'm seeing a similar level of dis-interest among other people as well.
>
I agree totally, I have an original Rogue Trader rulebook that must be
unique in that the spine is intact.

I have resisted the 4thEd SM codex on the grounds it invalidates all my
Razorbacks.

The new Ork and Eldar were bought as much to try and revitalise interest as
anything else. The Plastic heavy weapon orks to finish the Ork project,
having them in Plastic to match the rest of the army is good.

I keep looking at other rules to use, as I like the GW models but less fond
of the Rules these days. I am looking at an adaption of Two Fat Lardies
IABSM for them.

Second ed metals are good although I do like the ease of playing with the
plastics as well.

Other than that I am blase about 5th ed, I have all the codices I could want
in 3rd/4th format and unless 5th exploded amongst gamers locally would find
it hard to be interested.
 >> Stay informed about: GW loss 2nd Half 2007 

"estarriol" <estarriol.RemoveThis@estarriol.jeansNTshirt.co.uk> wrote in message
news:fn7or8$atc$1$8300dec7@news.demon.co.uk...
>
>
> "MJB" <mrtinj.RemoveThis@OLDsguy.com> wrote in message
> news:fn7l6b01sts@news3.newsguy.com...
>>
>> And I'm seeing a similar level of dis-interest among other people as
>> well.
>
> Second ed metals are good although I do like the ease of playing with the
> plastics as well.

What can I say - I'm a Goodwin fan...

>
> Other than that I am blase about 5th ed, I have all the codices I could
> want in 3rd/4th format and unless 5th exploded amongst gamers locally
> would find it hard to be interested.

I wonder how long it's going to be before GW is forced to realize that once
something is published, it exists in perpetutity - no matter what they
corporate office says or thinks?

If I came across a new person who wanted to play 40k but wasn't interested
in the tournament scene - ie, only wanted to play 'local' games, I'd have no
issue going back and playing 3rd edition. I have all the necessary codexs,
I understand the rules and I could help him get 'cheap' models when he
wanted to build his own army. I certainly wouldn't want to point him in the
direction of the upcoming 5th edition and the equally-upcoming 'scraping of
the codex' that is soon to follow.


--
MJB

Mr. Tin's Miniature Painting Workshop:
http://web.newsguy.com/Mrtinsworkshop/
 >> Stay informed about: GW loss 2nd Half 2007