Prices

[andicole0]

When will the drop in the pound today start to affect prices on OCUK?
As an aside I wonder when petrol prices will change.
It will be ineresting to see a chart of petrol and computer prices.
Andi.

 

[SkeeterUK]

3pm gibbo said but if the pound rises to 1.4 he said he might not change them.

 

[delta0]

The pound is getting close to where it was last week. It has recovered a lot since this morning and you must bare in mind it went up a lot yesterday so any fall is going to be exaggerated.

 

[Panos]

The pound is not that much low than it was last week or even last year.

 

[Kuros]

Yeah, prices went up after the first set of results which looked mostly remain...

Sudden plummet when it seems leave had the advantage means it looks worse than it actually was.

 

[doodah]

If Gibbo goes ahead, do we have any indication how bad the sting could be?

 

[VincentHanna]

If Gibbo goes ahead, do we have any indication how bad the sting could be?

10% increase

 

[Greebo]

3pm gibbo said but if the pound rises to 1.4 he said he might not change them.

That lasted ten minutes. Everything up 5% to 10% already.

If its not up on your screen when you add it to your basket it goes in for more money.

 

[Jono8]

They already have. 1070/1080 prices have gone up.

 

[wordy]

tenner sez when the markets stablise the prices don't go back down.

 

[VincentHanna]

tenner sez when the markets stablise the prices don't go back down.

In a few years?

 

[Glanza]

Those new 1080 prices just show how much OCUK like to shaft us from time to time.

 

[VincentHanna]

Those new 1080 prices just show how much OCUK like to shaft us from time to time.

I think you have much concept of how business works...the drop in the pound has an immediate impact on their orders with vendors because everything is done in dollars, so when the pound drops, things cost more to import.

 

[Cold Fusion]

Assuming OCUK pay for their stock when its delivered to them I don't see why they they would increase prices for items showing as in stock.

Items on pre-order or out of stock will obviously need to be adjusted but its just any other day with currency fluctuations (albeit a large fluctuation) I would have thought OCUK would wait a few days before altering prices to see how this pans out.

 

[Deep]

Assuming OCUK pay for their stock when its delivered to them I don't see why they they would increase prices for items showing as in stock.

To make money

 

[daz]

Assuming OCUK pay for their stock when its delivered to them I don't see why they they would increase prices for items showing as in stock.

I'd imagine they pay on account, assuming they have a good trading history with their suppliers this could be 30 or 60 days after when the goods were delivered to them.

 

[Dave M]

Assuming OCUK pay for their stock when its delivered to them I don't see why they they would increase prices for items showing as in stock

30 days terms in general, so no, we don't pay on delivery. The dollar (which everything is priced in eventually) is 5 cents lower right now than when we last bought and it's still moving up and down hourly.

We've priced in a buffer against future volatility but can adjust this as things (hopefully) stabilise over the coming week. I doubt this is going to be a good thing for any UK reseller.

 

[Finners]

Assuming OCUK pay for their stock when its delivered to them I don't see why they they would increase prices for items showing as in stock.

Items on pre-order or out of stock will obviously need to be adjusted but its just any other day with currency fluctuations (albeit a large fluctuation) I would have thought OCUK would wait a few days before altering prices to see how this pans out.

High turnover stock probably hasn't been paid for yet, as it's normally 30 days from invoicing.

Stock that has been on warehouse shelves for a month or more should stay the same all being fair.

 

[MooMoo444]

Prices on a number of items has already risen. Be careful when buying. You're probably getting gouged.

 

[northwestdakota]

Prices don't change after you order them. If you get 30 days, you will be invoiced 30 days later for the amount you ordered on your purchase order. Suppliers don't take your order, ship you the goods and then come invoice time add another charge for currency changes.