This will CRUSH your local games store
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- เผยแพร่เมื่อ 22 พ.ย. 2022
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“One more thing: Price of the brick going up.” - Marlo Stanfield
Exactly what I was thinking lol
@@DiscourseMinis they want to only sell via their own stores or online only, best way to do this or create the same effect is to cmake the prices high enough that other hobby stores can’t afford to add any discount to GW products, essentially making the GW prices all the time
*Whistles the farmer in the dell innocently*
This behavior is similar to that of Wizards of the Coast. It's pretty pathetic to see these corporations shit on the local game stores that carried these game products to the height of popularity they are at today.
WotC has been cutting stores' margins several times already. I appreciate the sounding of this, but it doesn't necessarily change the MO of people that were dodging GW stuff anyways. However, in the states (where GW has a much lower saturation of storefronts), this won't drive me to go 500+ miles to get to my nearest GW store.
YES! I was just thinking this. For me in spirit D&D moved away from TSR/WoTC after 3.5E. 5th edition is a good new version of the red box set from back in the day. But PF either 1st or 2nd edition is so much better. I have zero interest in using OneD&D for all the reasons Discord talked about in her video on it.
Wait until GW gets rid of MSRP like Wizards
@@tennesseedogpack its definitely going to happen, i bet on the amazon show release date
My local independent game shop told me this today and was disappointed to hear this, as I made a point of buying GW products from them to keep them going. Sad times.
So buy from them anyway. Just don't buy GW items. Problem solved.
good point, i'm sure your local store sells more than GW product, specially if they want to stay afloat themselves....
I say start getting away from GW products I stopped and moved to star wars legion and battletech really fun games
or continue to buy your Warhammer shit there if your gonna buy it anyways it's not their fault gw wants to be the only kid on the block
I can't afford GW products unless I get a 20-25% discount, and I can't afford the latest stuff which seems to be priced with that third-party-retailer discount built in (i.e. they've increased the price 25% more than their real RRP, thus removing the discount you THINK you are getting when you shop 3rd party). I say I can't afford, I mean my money goes elsewhere as companies like Mantic etc are just better value and bang for my buck.
Pretty much, GW are extortionate vermin. I hope they tank they're entire company like Wizards of the Coast.
If I have $50 do I want 5 space marines, or a whole army? You didn't need to explain why you can't afford GW, it's obvious if you pay any attention to their competitors
Great Video. So I am an independent retailer who sells GW products in my store. Speaking only for myself here’s my thoughts on the situation. Am I happy about the price increase? No not really. Am I going to raise my prices accordingly? Absolutely not. Is it going to put me out of business? Of course it isn’t. Realistically what’s going to happen is we’ll cut down on which products we stock and how many copies we get. So for example Necromunda isn’t a huge game in our area so we don’t regularly just buy copies of stuff for it for our shelves. But, if someone pre-orders something we buy it for them and they get it on release day like normal. Maybe we’ll move Blood Bowl, Warcry, and Underworlds to the same category (except for the “bestsellers” products GW makes us carry). Also we typically buy extra copies of big releases above our pre-orders and we’ll probably just cut down on the number of those too. But we’ll continue to stock GW and sell at MSRP because our Warhammer guys also buy lots of stuff we carry that we make much higher margins on.
One other thing to remember is I don’t know if this price increase only affects retailers that buy direct from GW. Some retailers buy there GW stuff from a distributor who works out their own discount rates with both GW and the retailer. It’s possible depending on the local store and who they buy from that they won’t be seeing any increase in price.
As inconvenient as this is some people in the comments have pointed out the reason that ultimately GW still needs Rogue Traders. Because you can’t play in most GW stores, and obviously can’t on the web store. That is still a major way of luring new players into the game.
Basically though Discourse, you got it exactly that this isn’t a problem if stores want to stay in business and be profitable. It’s only a problem if like GW, local stores want to be MORE profitable each year. Long term my store is better served making slightly less and keeping my customers happy and loyal than it is by passing the price increase on to them so my margins stay the same and my annual profits increase.
Thank you for a well explained and thought out response, rather than knee jerk hate spam. Hope your business remains relatively unaffected and continues profitability 👍
Thank you for your input on this. I am curious about how you might plan to integrate 3d printing into your store model. Is it something you have looked into as far as how many 3dprintable designer companies offer reseller options where you can print their designs for profit. You print those items and sell them locally to those without a printer. (I mentioned this in an above post but am curious what your take might be.)
So you are just going to lose about 6% on GW products, because you stated you sell at MSRP with out any discounts, the same as my local LGSs, no discount hence I do not but any GW products from them or anywhere else, Her comments are more aimed at the shops that give a discount, are they going to eat the increase and make even less money per sale and struggle to make ends meet or will they raise prices and pass the increase on to cuntomers
I believe your way of business is called Creating Shared Value. Sustained but restrained growth whilst maintaining and supporting your customer base.
Some stores aren't able to as much as others but yeah
We can't cope with more increases in prices in Australia. We pay insane amounts already and this extra increase will kill our shops :(
Same for New Zealand, I can't afford GW products anymore
Yeah we're like +50% more expensive that the UK.
I heard you folks are also paying outrageous amounts on computer hardware too. Sad times.
Without the discount offered by Independant stores I wouldn't be buying GW in Aus either
Go buy different things at the store and don't buy gw stuff altogether.
Hopefully this will convince more store shelf space to other companies now that the profit margins are more in line. GW are in the process of painting themselves into a corner right now - I say let them get on with it, because pretty soon even the most diehard GW cultist will be passing on them...
Or really diving into 3d printing which will grow the 40k hobby and still pass on GW lol
@@brianp6859 Hopefully not too much - I still want to support those companies that do right by their customers, and I wouldn't want the likes of Mantic, Battle Systems etc. to suffer due to GW's greed. I certainly wouldn't to 'grow the 40k hobby' by 3D printing, as it'll just make GW shift focus from overpriced plastic with insane release schedules to overpriced books with insane release schedules. I'd prefer that GW just went away entirely.
This is the way to go. Promote other companies in FLGS and don't encourage 3D printing. 3D printing will kill FLGS.
@@rb291189 cope, LGS fuel is card games, snacks and space.
one hobby shop in my town specializes in X-Wing and it fares well after the market for this game collapsed (literally models for 1$).
same will be true for Warhammer.
@@rb291189 FLGS could adjust and start looking into buying the commercial licenses from figure companies and offer 3D printer space in their shop. Or rent out time to 3D printers for people who don't have the ability to print at home or have friends or family with printers. Couple that with something like a OPR, Reign in Hell, Frost/Stargrave, other figure agnostic system day or weekend.
A similar scenario happened in the early 2ks...GW hammered FLGS with restricted ordering, minimum order sizes on slow selling product, and changing the policy restricting FLGS being able to sell online.....their stock TANKED as multiple game stores closed or just stopped selling GW altogether. They eventually reverted most of those changes....but it took everyone years to recover.
GW does like walking in circles...
I remember that debacle.
so who's for watching their stock drop again, don't forget the popcorn people....
Gw almost did twice in my memory. Every time the exact same scenario has played out as we see here. Their greed is beyond simply looking for profit. They never learn... but each time nearly die, they rebrand themselves and are reborn so people come back. But each time they are reborn the world changes a little bit less in their favour. GW will die. Not tomorrow but eventually they will die.
This was how I lost the first job I ever felt good going to. Fuck GW with a banestrike bolter.
With so many people choosing to 3D print their miniatures, this is the stupidest idea yet! Soon GW will be chasing customers down the street with pitchforks and torches!
Was just thinking this lol
3d printer go Brrrrr.
Printed my whole guard army. Tanks and all.
And how much is your FLGS making from you printing your models instead of buying through them. 3D printing will kill FLGS.
@@rb291189 what if they are already dead and you holding together a war gaming community with a network of garages and basements?
@@rb291189 that's the wrong question. It's the same question as how much money is my FLGS making if I buy 0 overpriced GW products from them? Think the answer is still 0. The right question is how do I spend my hobby dollars and how can my FLGS provide those things I spend my hobby dollars on? If I 3d print, does my FLGS supply any 3d printing accessories/supplies? If my FLGS provided a 3d printing service of good quality would I even bother printing models myself? I think these last two questions are very important ones for the future of FLGS and the hobby as a whole. GW is just accelerating this process by being a bunch of greedy douche bags.
GW has been at war with their FLGS's for a long time. My local store has been telling me for months that GW is shorting them on every order, new and old stock. They are shorted hundreds of paints, and when new boxes come out they only receive two or three of them. It hurts their client base because the store thinks the item is available, GW tells them it will take two weeks to ship, the store sells it, and then GW refuses to ship it. So from the customer perspective the FLGS is being lazy or slow, but the reality is GW is screwing them over!
Been hearing the same from my local stores over the years. Apparently, Games Workshop is very difficult to deal with.
Had this debacle with Rackham. The best miniatures ever but the worst corporate behaviour. At least they put themselves out of our misery in a short lifespan.
Aaaand THIS is why i buy exclusively off resellers.
Plus, I wouldn't be surprised if some independent retail stores just pivot more to Warmachine and other games that DON'T try to mess people over with model prices.
Warmachine is a bad example but i know what you mean lol. Honestly as 3d printing continues to improve I truly think THAT is the future of table top wargaming
The biggest issue lately is that GW and Warhammer don't really have a direct competitor anymore, I use to love Warmachine/Hordes but it has disapeared almost completely from the scene, there's a few other systems still going FoW, Infinity, Legion but not since X-Wing was big has anything even been close to Warhammer for nearly a decade.
Hahaha. This might sound good to office bound accountants, but the hobby itself is changing in front of their eyes. My entire hobby budget is focused on paint, printer resin, filament spools, and car primer, so more paint. Not one red cent has been spent on an actual miniature in a few years now. I built an entire re-make of Hero Quest from the ground up. The power is literally back in our hot little hands.
As an office bond accountant allow me to wholeheartedly say "f#$@ GW".
I'd love to see that HeroQuest set.
@@ChrisKCook Let me get back to you on that one. Might post it.
I have been trying to convince my local game store to carry Wargames Atlantic sets. The chances of them doing this just went up. Thanks GW!
they're fun sets :)
3D Print it. All of it. Right after the set is released - chip in with friends to offset the costs, scan, get graphic to do the tweaks and share in all corners of the internet.
Yeah i don't care for that model, that's actually stealing. However dedicated hobbyists uniting to create their own versions of those models in STL format to have a basically identical but not quite army of models? I'm all for that
It seems GW wants to be the sole source of online sales
and offline sales. And the sole source of licenses, as they strive to become a massive multimedia empire, and make that Disney Princess money.
I'll just keep playing Legion, Crisis Protocol and soon to be Shatterpoint. Might branch out into Deadzone as well.
EDIT: And one thing I forgot to say, corporations aren't satisfied with some of the money, they want ALL the money and they don't care who they hurt to get it. Biggest thing would be for new gamers to avoid GW when starting out and instead support any of the myriad of smaller and better games. They'll only grow if new players...well...play them. As for current GW players, look outside the fence and see that there's smaller, better games that can be played. Broaden your horizons.
and they wonder why there is a growing group that prefers to 3D print their own shit now.....
Everyday I feel more vindicated for buying a elegoo mars 3
I only use proxies for GW games anymore. So there cost effects me little I print ALL my armies and warbands.
My local shop scaled back the citadel paints range. This now makes sense with this news.
20% - 6% is still 14%. Support your FLGS, its still cheaper than buying direct and local gaming stores (and clubs) are the lifeblood of the good side of the hobby.
Also, another reason to play another, better system 👍 which should also be available through your FLGS.
Agree 100% but there are some smaller retailers who (for the not unreasonalbe reason that GW is the biggest name in the market) have their whole business model based on Gw-but cheaper, and operate on pretty tight margins and don't (or can't) carry other lines and simply can't eat this increase - this will Kill that sort of store. It's GW's product so they can do this and yeah sure it's a risk you have to consider if you are that level of stockist, of course. Still a shitty thing to do, especially just before Christmas. Also absoultely sucks for gaming communities served by that kind od store in remote locations who have no local GW and can't afford full RRP prices who now may looking at not only no seller but possibly no venue to play at.
@badbones777 absolutely true, and I don't blame those businesses at all for sticking with GW despite their anti-consumer practices. The blame lies 100% at GW's door.
I still think that the best thing we can do as players is advocate for other companies games and miniatures, but for shops on the scale you're talking about requires a really big amount of buy-in from the local community. That said, there's still no harm in having that discussion with your local store about what other companies they carry, if they would consider carrying anything, or if there was anything the local community could do to promote it.
It’s 13.2%, I think you are confusing markup and margin.
It’s 16% down to 11% profit or over 30% reduction in profit.
My LSGs aren't being killed by GW, they're being killed by online "backyard" stores. I've seen 3 in my town alone go the way of the dodo because they can't keep up with the discounting that online stores are doing, since they don't have staff for floor space to worry about, they can price out anyone who tries to compete.
I write the orders for my store's GW purchases. Guess I'll be opening up some extra shelf space, since I will be dropping down to 1 of each essential box, dumping 3/4 of the company's full range of products, printing out and posting the email from GW, and reminding people that Star Wars Legion exists.
But if the number doesnt go up every quarter that means the business failed!
My FLGS charges the RRP. Which I'm fine with - we live in a small suburb, and they don't have a ton of foot traffic, so I'd rather have a place to play than save some bucks. I'm more worried about shops like that having to close down than the mega stores and online retailers offering steep discounts.
My tiny local shop did 15% off of RRP. They closed down a few months back, not because they were unprofitable, but because the owner decided to retire. The bigger brick FLGS by me charges full RRP and I while I would love to support them I just CAN'T justify paying those sort of prices for plastic. It's one of the biggest reasons I only buy used anymore.
I stopped buying GW products years ago I can't afford there prices already. It's a large part of why I primarily use proxies from other companies if I don't just 3D print a model, it also helps that if you know where to look you can find better minis than what GW sell.
Honestly, I wondered why my games shop in Asia moved away from just warhammer. Makes sense to notmput all your eggsbin one basket, especially when the basket provider wants your eggs to break.
I'm worried about my Local game stores since the store that got me into warhammer closed this year but thankfully Two Stores are selling Legion and Flames of war and another store is selling Conquest and all three are selling MCP
This happened at the end of the nineties as well, and they put a bunch of small shops out of business before opening new shops, often in the same unit the FLGS was in. Thing is, it didn't work out for them then, and I doubt it'll work out long term now. They took big steps forward when they stopped pretending the rest of the hobby didn't exist.
There aren't really any local stores near me so doesn't really affect me, but sounds pretty scummy to be honest. Kind of surprised that 55% of revenue comes from non GW stores. I assumed it would be bigger. Wonder why.
Depends on the store. My local store is like 70 percent non-GW(mostly magic)
I am pretty local to my local hobby shop, especially for all accessories like paints, glues, flocking, etc. (they sell model railroad accessories that would make a wargamer blush). The other day I noticed their 40K prices were very close to ebay prices, I mean within pennies.
Huh.
Guess I will be making my few future GW kits from them.
But yeah, I have been buying a lot more Wargames Atlantic. Been eagerly awaiting their new "cadian" clones.
GW are more mustache-twirling movie vilain every day.
Just bought about 50 Ironcore and Cannon Fodder troops for a project I'm working on. So much creativity and quality in those sets.
@@rangda_prime I painted a box of cannon fodder in a safety/chemical suit orange scheme to use as conscripts.
Guess what is not in the new 9th ed guard codex?
*Loyal*. I am loyal to my FLGS.
"Selected products" all of them then
vast majority...especially what's in demand
Yup saw a lot of people going this isn't a big deal blah blah. And I kindly pointed out it will. Stores will have less product decrease their discount. It appears to be Gws way of waging war on brick and mortar stores to get people to order directly from them.
We need to support local stores, or failing that, independent online retailers, even if the discounts get smaller or go away entirely. GW is still aggressively trying to maximize their profits beyond any reasonable level. They've pushed consumers as far as they think they can, so now they're targeting the 3rd-party retailers that actually provide the only public gaming space in most towns, at least in the USA. (We have game clubs here, but for the most part, they don't have their own space; they rent a hall for one night a week; and of course, GW is pushing their managers to NOT allow play in GW retail stores beyond stripped-down demo games.) If we want to keep the hobby as we know it alive, we MUST shop from 3rd-party retailers, even if they offer NO discount, because their mere existence--especially if they serve as a play venue--is a service that GW is actively attempting to eliminate.
There seems to be a powdered clay ball making noises on my screen
very distinctive noises too
My partner and I ran an independent store until May this year. It was in Redruth, UK; one of Europes poorest areas. Upstairs we had 8 gaming tables and an area for all gamers, whether Magic, GW, Mantic or board games. The price rise earlier this year was the final coffin nail for us. Combined with an inability to afford heating and lighting for the gamers any more, we just could not survive. Poorer areas need hobbies and interests too. Long term, poorer areas are important for the hobby. They create interest, new gamers, respect and understanding, let alone huge social benefits. Greed and profit are happy to stamp on them for a quick buck though. So sad!
I feel so bad hearing that. I hope you're doing ok personally.
I remember last time GW tried to "take on" independent stores in a big way and changing policies to earn more (around 2009-2010 I think) their products more or less disappeared entirely from my country, as we only have one GW store and almost all independent stockists went "heck no. You have it your way, we can sell other products instead"
My local game store is primarily Magic, plus boardgames right now. They've been moving away from GW and diversifying, even though GW products still take a lot of shelf space.
prepare to see a lot more non gw stuff at friendly local games stores. this move looks like it's been done to try and stop hobby stores near a gw store from undercutting them
Two price hikes in two years. Oof. Guess I’m glad I’m slowly moving towards new table top hobbies.
I hope to live long enough to see Games Workshop go out of business.
I 3D print, and I'm looking into selling in partnership with my local games shops. Support local is one of my company's goals.
Best of luck!
@@DiscourseMinis Thank you, miss. Keep up the great work!
I saw this video recently, and I remembered it after buying some paints from my nearest GW stockist, which I was slightly surprised were sold at full RRP. So I had a bit of a search around and I found what looks like the current GW price list for Northern Europe. This will be handy for when I want to order something through my local store, and need to give them a product code. Anyway, a couple of things of particular interest. Firstly, the paints each come in packs of six. GW trade price is ~55% of RRP, so for any individual colours that they buy, the store needs to sell four before they make any money on them. Secondly, the 5.8% increase is roughly the difference between the trade price being 52% of RRP and 55% of RRP. If the store sells at RRP then their gross margin is reduced from 48% to 45%, a reduction of 1/16th. If the store sells at 20% off RRP, then their gross margin is reduced from 28% (of RRP) to 25% a reduction of more than one-tenth of their gross margin.
It's typical of GW's short-termist thinking that they look at their trade prices and think that it's easy money to sell directly instead of through third-party retailers, but these stores also act as advertising for them, and for a lot of people they will prefer to see some things in person before buying. I also find that I tend to make a lot more impulse purchases in person than online.
Oh, and one more thing, the trade price for codices/battletomes is 60% of the RRP. I guess this is because GW don't print the books themselves., so to get the margins they are used to on the models, they take a greater share of the RRP (even though the RRP is silly high for them).
Gw: "Your local games store isn't in the future of the warhammer hobby"
Us: "No GW YOU aren't in the future of the warhammer hobby"
*3d Printing time*
So you don't like GW screwing over FLGS and your solution is to screw over FLGS by 3D printing models instead of supporting them.
@@rb291189 Up to the FLGS what they do over time to adapt but nothing says we have to feel bad/shame for not buying a product or range of products there. Strange consumerism.
Thanks God the nearest Games Workshop store in 4 hours away by car.
the increase income to the company doesn't go to paying staff - staff won't see wage increases beyond inflation, that's for sure
Hm, in the shown image at 0:55 their is something missing. That letter had the wrong copyright (2020 instead of 2022), which is cut away in the image. Since I think that the letter would have 2022 if coming from Games Workshop, it could be fake.
Well, when GW came to my area and they put it on Facebook. I did ask them, why they came to my area? All they are going to do is try to take away from hobby stores here. We had like 6 stores that sold Warhammer stuff at the time. We were pretty saturated.
We know that those stores who become dependent exclusively on one product provider is like company towns where you buy from the company store, and they just keep cutting your profit margin until you are a vending machine.
$10 gets 2 pots of paints and some shipping?
Lol, No.
A pot of contrast paint in Australia is about $15.
$10 isn't buying shit over here.
oof
my hobby shop has dropped most GW and have started letting us use 3d prints in the shop
Not surprised to hear their sales are down in Australia, where a kilo of resin is the same price (and often cheaper) than GWs crappy mouldline remover tool.
When my local game store closed, I had no place to play Warhammer 40k, and I sold my minis.
I had contact with some of the people who played, but no one wanted to play at their home. Wives, kids, messy houses, small apartments, no one wanted to host another person, then again a bunch of people for tournaments, and I know that I enjoyed the tournaments and suspect that the others did too. Who will host tournaments when the local game store is gone? Who will advertise the tabletop game of WH40K when the local game store is gone? They're killing their golden goose.
GW wants more money. I'm so shocked. In other news the sky is blue and the earth is round.
When LGSs close, sure it will drive people to GW direct... For now; however, when people realize they have no where to play, they'll stop all together
"GW wants to be Apple". I read this morning it is not just protest anymore. Their workers working in the factories have gone into rebellions mode. How long before more and even MORE people will do that too GW ?. (also you nibbling was cute ^^)
Really? Any links please?
@@MrPolicekarim Sorry, couldnt find that one back. I did however find a numerous other video's talking about it from previous event. So it's been going on and off for some time now.
@@ronnyrdr6553 I remember a channel run by 2 yanks, 1 a Mormon, visiting them!
@@MrPolicekarim Again sorry, i''m from Europe. Nor am i religious.
@@ronnyrdr6553 I am from uk
Of all the things GW has done this is the only one I really take umbrage with. Saying "we are charging stores more but recommend stores charge you the same so they make less" is a real bad take for local businesses who promote their game for them.
Another issue is stock. GW seems to restrict how many kits 3rd parties have access to. Sometimes you see wild influxes of stock, like Dark Sphere having 200 horus heresy lascannon arms but no starter sets.
Hoping that they start stocking Stargrave; it would be great getting discounted North Star minis.
Their south London shop closed because of the rent!
@@MrPolicekarim Thanks for the info; I didn't know. Waterloo is bound to be expensive but that place was under railway arches, so every time a train went past everything was a-rattlin'. Landlords! Meh.
We were discussing the fate of GW and our hobby this week at the store. We decided that GW's awful behavior is good for the hobby overall because it encourages us to play non-gw games. 40k is no longer the most popular game in the store.
Australia - I was checking out my local online store and it was charging as much as GW. No discount here.
My local game shop is gone now. We got another shop that caters to Magic and that is it. No miniatures or board games... Just Magic. I'm thinking about opening up my own shop and bring back Wargames and RPG's to the masses. We have a nice gaming community that needs some love.
If your local store is gone I think you are greatly overestimating how big your local gaming community is.
Funny thing is I've been working on my own table top wargame set in the future
Prices in our flgs already had the same prices as GW site. Has been like that for years.
You never miss anything and that is one of the reasons that we love you! Thanks Discourse!
I was fed up with GW since the 2000's but really done with their stupidity. Will not miss them if they go down. Thanks for introducing Batman the Miniature Game to my life.
I only know of one LGS here in Calgary that sells discounted GW in my area, the rest are already MSRP. I guess the rest get the option of eating the cost or being more expensive than the GW store.
I'm quite glad that my FLGS is having less warhammer aos and warhammer 40k in stock and more warhammer bolt action, warhammer battletech, and warhammer star wars in stock
Your video makes me want to hug my 3d printer... again. 🤣
Since at least the mid 90s, GW has been on a seeming quest to see how many people it can piss off and still stay in business.
"...ran like clockwork! You could have shut your mouth, cooked, and made as much money as you ever needed. It was perfect! But no! You just had to blow it up! You, and your pride and your ego! You just had to be the man! If you’d known your place, we’d all be fine right now!”
I have not bought warhammer stuff for years, I tend to cringe at seeing a warhammer shelf at the local stores and cafe's. I am liking the rise of battletech and other miniature systems.
Back in the day GW told 3rd party stores if they sold GW products for unauthorized sale prices GW would cut them off.
And with GW again raising prices for someone (retailer or consumer) we see again the folly of shareholders demanding not just profits but increased profits every quarter. And that doesn't allow for long-term growth, which is the problem. The stock market was made for long term growth, you buy a stock and hope in months or years time it grows in value and you sell it. But with the advent of day traders and instant gratification investors want their money now. And it's not just GW, you can see this happening in almost every industry from companies like CDPR to Disney. So yes, lowering margins and prices to increase customer purchasing power and affordable entry is absolutely the right move for long term growth. Unfortunately the majority of GW stockholders don't care about that, they want their money now.
Yeah well the socialist money system also encourages these types of expectations. If money was more sound people would be buying stocks not for capital gains primarily but for dividend payments. That model really makes more sense anyways since the purpose of the stock market is to invest in businesses to help them grow and earn a return on your money.
Games Workshop are manufacturing in the U.K. rather than China like Wargames Atlantic. The energy price cap in the U.K. doesn’t apply to businesses. Until you see the GW financial report you can’t be certain they’ve passed on the full cost.
I’m not convinced holding up Wargames Atlantic as a moral high ground when you don’t know about how their staff abroad are treated or paid is a good idea.
but we already know , thanks to insiders , how GW's is mistreating their stuff, so.....
@@vladimirpalik6697 I’m not holding GW up as a paragon of employee relations. I’m pointing out that costs of operating in the U.K. are sky rocketing compared to the increases worldwide because of government incompetence. It’s entirely possible GW will have increasing costs far in excess of the percentage they’re passing on to independent stores.
In addition to that, it is a bad idea to praise a company for freezing their prices when they’re doing that by using cheap overseas labour in a country with an awful human rights record and no transparency at all about how the people making their sprues are treated.
At least with GW I know that their manufacturing employees have reasonable legal protections against mistreatment, whatever internal management problems the company may have.
@@TimothyEdwards but they still print all their paper shit in China, right?
@@vladimirpalik6697 Yes.
But that doesn’t make it cheap to run the production line in Nottingham that takes up so much power it got delayed by a need to upgrade the national grid in the area.
The two points are separate:
- Discourse is probably under estimating quite how much costs will be going up for GW.
- Maybe praising another company for keeping costs down without considering what the wider impact of doing that is isn’t a good idea.
@@TimothyEdwards It's not incompetence but the planned agenda.
I wonder if GW have finally seen the writing on the wall? 3D printers are becoming more mainstream, the quality is decent, the price is good, the number of files out there is staggering, the design software is affordable and the number of designers who can use it is increasing significantly. Are GW trying to rake in as much cash as they can while they can, knowing that long term people are going to stop buying and start printing?
Save money, buy a 3d printer. For the price of 2 imperial knights you can get a printer, a wash/cure machine and a kg of resin. Tell GM to get bent.
I always find the whole money thing over here in the U.K. and probably elsewhere weird especially when shareholders are involved, the company makes money and a profit but not enough according to the Market and so all of a sudden your profitable company ends up struggling to find investment and somehow losses money and collapses.
I wonder if this message was sent to all stores worldwide, or only to the ones in the UK?
Didnt hit mine in the US...
Wanted to say thanks for your recent video discussing other games. It convinced me to give Carnevale a look. Really enjoying it.
Awesome James!! Glad you've found a fun game :D
How will this affect my other warhammer hobby items like Marvel Crisis Protocol, Star Wars Legion, Vallejo paints, AK paints, Kimera Paints, Scale 75 options etc?
If my local store goes down, GW just lost a couple dozen of customers. No one is willing to drive 45min to the next shop, let alone 90 min to the nearest GW stores... that don't even have open tables.
This doesn't include the customers that don't play but enjoy the social scene.
speaking about Passion Projects, how is the Space Marine Painting and Assembly going?? Could we have a update video on that project, love your videos, Hugs from Canada.
Ummm, kind of glad I got that 3d printer.
Note the "approximate".. which actually means it's 6 to 8% rise!
I just discovered a nifty little fantasy skirmish game called Relicblade from Metal King studios. Great art and models, small footprint (2 by 2 foot area) and 5 or 6 models per side. I am going to be playing that! I am not too worried about GW's annual price increases because of the sheer amount of great games out there by indie companies. If something is priced out of my reach, I'll just go to a different game.
Sigh… i want to support the setting. It’s still the apple of my minds eye, though thru the Rogue Trader lense. And the Old World lense. Each time they water something down, introduce cringe designs and just exploit their own it makes that minds eye hazier and more distant. Soon my collection over the last 30 years of all their games will be museum pieces, truly the World That Was. It’s like Slannesh turning on the lights and realizing youre in the middle of an ahem, spikey plastic orgy and you can’t tell which part of a Fiend youre touching. Suddenly killing the mood.
GW are gouging your discount. They're drawing more income from their trade customers and upping the price for them ups their take and it forces local shops to compensate to maintain whatever margin they have on the product.
It'll still be cheaper no doubt but they're forcing retailers to close the price gap to make themselves look better, like throwing up in your house then telling people you have sick on your carpet and not mentioning they're the one that threw up.
They raised the dog damn retail price in summer already due to "MUH INFLATION". I only played Warhammer for a year and I was quite new, but I switched to other game systems like Bolt Action and Star Wars Legion which are more affordable and dont force you to buy a new codex every 2 hours to stay up to date.
What percentage of rules do they change with online retractions?
GW to Local Stores- "BOHICA"!
And THIS is why other games are starting to see more of my business. Infinity, FOW, and Marvel Crisis Protocol are interesting for me to be in the Warhammer HHHobby...
wholesale prices for the shops I run (different industry, still retail) have gone up by nearly 20% across the board, its what's happening in the majority of the world right now, GW's increase in comparison is minor. Plastic as a raw material in the last 6/8 months has skyrocketed, GW sells plastic. I fail to see this as a conspiracy to close small business, the last resort in retail/buisness is to raise the product cost to Consumers, they will take all other options 1st & thats what they appear to be doing. Do you have insider information? do you have a seat at the board? have you sat down with them and seen the expenditure projections for the coming 12 months ? calling them "despicable" for this increase is a strong word to use when all you have to go off is a few lines in an email.
Good thing I walked away from GW years ago and don't plan on ever going back to it. There are way too many other cooler and affordable alternatives right now. It's Ludacris for them to think they are still the only ones who can provide miniatures.
Great I guess buying the 10th edition limited starter is going to be a must buy for new hobbyists wanting a deal.
You'd think GW could afford to sell the same kits for cheaper, since they're the manufacturer and don't have somebody else's markups to deal with. Odd that.
Yup.
I haven't been able to "keep up" with the releases I would normally buy.
2nd time this has happened to this degree.
Last time was the housing bubble burst.
I'm fairly friendly with the gw employees in my area (I know, horrific), they just received like twice as many commemorative coins than normal, looks like people at the top are looking to really apply the pressure squeeze for sales in every capacity at the same time (as each coin moved obviously translates to large sales) when people are trying to spend less
This feels like a short term gains over long term business in a very uncertain time
I use the web site so I know what to have my lgs order in when I actually have money and a smaller pile of shame...
I collected GW minis in the past to paint, during the Pandemic i became a fan of the lore and began purchasing books and minis more frequently. Then came the price increase soon after. Since then i slowed down a lot. My local stores don't offer discounts and i mainly focus on chaos as a whole. Depending on the results of this increase with online retailers it just might kill the hobby for me.
it's better this way, tbh, spend your money on a 3d printer and make your own, GW is dying, it wont be to long before they are unable to get back on track ever, they will start bleeding money until they have to close up shop.
I've purchased maybe one model from GW since before the pandemic. I mostly shop second-hand. You can find really nice stuff for cheap this way. Helps that I'm not really interested in the new releases as they look supremely goofy to me.
Plenty of other options out there besides GW, many have minis I like better than the recent stuff from them. GW is not the hobby as much as theyd like to suggest that. Does suck as I grew up with GW stuff and still like the older fluff especially.
@@mtozzi92 Oh, the older stuff was rad! I'm an avid Fantasy player, both wargame and RPG. Nowadays, you can't really find models for it (unless you proxy/kitbash) outside of online second-hand places, like ebay though, which coincidentally is a massive contribution to me having stopped buying from GW altogether.
@@krinkrin5982 knightmare miniatures has some stuff very in spirit with the older minis. Free shipping right now too. I like some of the newest stuff but yeah a lot just doesn't have as much character for me personally.
It is because independent retailers undercut GW`s own stores/webshop they want the prices to be the same, F:ex my local Sci-Fi bookstore charge 5% or so less then the GW store 500 meters away (and also have alot larger assortment of GW products) and also have "stamp booklets" where 10 stamps at 200SEK/each(about 20USD) gives you 100SEK back - about another 5% discount.
With certain agreements that stores make with GW they're actually only allowed to drop their prices a certain amount. I forget what it's called but it's basically a contract stating "Okay, we'll sell you our product, but you can't drop the price more than 15%." That's why you see that as the standard discounted price almost everywhere.
unfortunately my local store isnt the friendliest or i would love to support them... now im using online retailers but its not the same
...but where do players go to play if the LGS closes? I don't know many places that would allow you to setup an 8x4' table with map and terrain...
Prices, that's the economic climate. The RRP is one thing, but remember that most places sell at a discount for GW prices, up to 25% lower. So ultimately the price could be raised at a percentage of RRP and still give a discount, plus still make a decent margin for the independent retailers. It's not as bad as you think, I buy my stuff from independents because of the other stuff I play but if I am in GW and need stuff on the spot I get it there.