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Post by Evil Abed on Jan 12, 2022 23:19:42 GMT -5
Some fig prices are getting out of control. Its hard for me to justify purchasing figs at 30$ now, Im trying to picture younger me as a child trying to justify 30$ action figures to my parents. I get that inflation is a thing but I don't see this ending well if prices don't start to level out.
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VinMan
Main Eventer
Joined on: Aug 7, 2002 20:09:36 GMT -5
Posts: 1,398
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Post by VinMan on Jan 12, 2022 23:56:10 GMT -5
Local Target has Legends now marked at $24.99 but you can use the price match on the app as they are listed at $21.99 currently.
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secondwhiteline
Main Eventer
Joined on: Nov 18, 2015 13:06:39 GMT -5
Posts: 1,469
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Post by secondwhiteline on Jan 13, 2022 0:29:07 GMT -5
Obviously that's a terrible price, but I guess I'm curious - I see a lot of people saying they are or will be limiting their purchases from this line now. But they release so, so many figures, I can't imagine most of us were buying everything. What was everyone's ceiling before, and what would it be now if there's a price increase?
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Post by newgenandy on Jan 13, 2022 2:02:00 GMT -5
Worth pointing out because itβs burried on page 1 but Steve confirmed srpbis still 21.99
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Thunder Chunky
Main Eventer
Joined on: Aug 1, 2010 21:57:30 GMT -5
Posts: 4,492
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Post by Thunder Chunky on Jan 13, 2022 7:35:07 GMT -5
its actually part of that "Free Money" the government gave out last year called "Stimulus" You really don't think Money is FREE do you? What? None of that has anything to do with retail prices. Inflation is happening due to supply chain issues, diminished production from precarious labor situations, and price increases by companies and retailers with little competition making up for lockdown-era shortfalls. This is from market conditions. The most the Fed can do right now to control it is what it's currently setting up to do this year, slashing bond purchases and raising interest rates.
Exactly. How, exactly, is the current president responsible for global inflation? He must be the king of thr world. |
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Post by LA Times on Jan 13, 2022 7:54:13 GMT -5
What? None of that has anything to do with retail prices. Inflation is happening due to supply chain issues, diminished production from precarious labor situations, and price increases by companies and retailers with little competition making up for lockdown-era shortfalls. This is from market conditions. The most the Fed can do right now to control it is what it's currently setting up to do this year, slashing bond purchases and raising interest rates.
Exactly. How, exactly, is the current president responsible for global inflation? He must be the king of thr world. The government is printing money like it's a newspaper right now and that is how inflation rises. |
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arthur214
Mid-Carder
Joined on: Jan 10, 2019 18:54:58 GMT -5
Posts: 314
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Post by arthur214 on Jan 13, 2022 8:03:44 GMT -5
I found Bob Orton in Ohio yesterday and it rang up $19.99
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secondwhiteline
Main Eventer
Joined on: Nov 18, 2015 13:06:39 GMT -5
Posts: 1,469
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Post by secondwhiteline on Jan 13, 2022 9:11:27 GMT -5
Exactly. How, exactly, is the current president responsible for global inflation? He must be the king of thr world. The government is printing money like it's a newspaper right now and that is how inflation rises. When we say the government is "printing money" in higher amounts, what we're really saying is that in order to keep the market functioning, we engaged in a much higher rate of quantitative easing, increasing the reserves of major banks in exchange for bonds. This increased the monetary supply and reduced interest rates (which is a program we've already begun to taper off). This inflated stock and bond prices, but not CPI inflation, which is the inflation we're talking about. Historically, federal stimulus programs don't create the kind of high inflation we're seeing now - we took a similar approach to the Great Recession in 2008, and the concern then was a too-low inflation rate causing deflation. Even our recent inflation rates of around 6-7% don't come close to the 14-15% we had during the late 70s oil crisis. Which is also a good comp here, because there are major discrepancies in the inflation rates between market sectors that suggests this is due to continued external conditions: a 37% price increase on used cars and trucks isn't federal spending coming into play, it's a massive increase in purchasing of used automobiles prompted by a sharply limited supply of new cars. People trying to argue that this is due to stimulus policies are downplaying the realities of the unprecedented global situation that created those policies. We've never had a global shutdown on the scale we've had from Covid, not in my lifetime. Market demand isn't going to adhere to any normal rules for awhile. |
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Thunder Chunky
Main Eventer
Joined on: Aug 1, 2010 21:57:30 GMT -5
Posts: 4,492
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Post by Thunder Chunky on Jan 13, 2022 9:37:57 GMT -5
Exactly. How, exactly, is the current president responsible for global inflation? He must be the king of thr world. The government is printing money like it's a newspaper right now and that is how inflation rises. How does that explain the rest of the world? Inflation is up worldwide. |
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Post by legendsguy on Jan 13, 2022 10:02:02 GMT -5
yea i think alot of us here would be long gone if they even hinted at moving them to 24.99 or beyond. 21.99 already is moving the needle steep, but i guess for the extra heads/hands the $2.00 hike isnt ideally bad.
im sure sales numbers have decreased , but profits have increased. lol.
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Post by cldbld on Jan 13, 2022 11:52:58 GMT -5
For the youngins, Elites had a msrp of $14.99! When they 1st came out! You go into a walmart or target and yes there were 15 bucks.
I'm not counting the fluke walmart did last year or so selling at what $15.88?
The quality has gone way down, and prices still rising.
Hate to see it.
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Post by Chip on Jan 13, 2022 12:24:06 GMT -5
ill also say this mattel/target are already pushing it with $21.99 standard price....elites go up any further and my amount purchased goes lower. they arent going to make MORE money just by charging more for everything. they are going to isolate and alienate their buyers. things are out of control enough as it is. companies feel they can just overcharge for everything so they can continue to "hit numbers" meanwhile the middle class struggles to keep up no matter what they do. you get a raise? well your rent goes up, your bills go up and everything you need to buy goes up, so you dont actually get a raise, you get another level out. its disgusting. this country is disgusting. and its only getting worse. I've already hit the tipping point, personally. I was buying Marvel figures pretty regularly - at least 2-3 from each wave, if not the full wave. I'm not even a big Marvel fan, but enjoyed the figures and would often find myself grabbing one on an impulse buy in the store if there was nothing else new in. After they bumped the price up to $23, I haven't bought a single figure. Maybe it's just my own weird thinking, but dropping $20 on a figure wasn't a big deal psychologically, even if the out the door price was closer to $22 with tax. But at $25 with tax, the value just isn't there in my mind. It's not that I can't afford it - I'm fortunate to be in a good spot and outside of figures don't spend a lot beyond basics. But the value proposition just isn't there. And I really haven't missed buying the line since. Does Hasbro miss the money I spent? Probably not. Mattel probably wouldn't either. But when you are pumping out repaint after repaint, cutting talent left and right who I actually would have been interested in buying, AND hiking prices at the same time? I'll find other ways to spend my money sooner than later. spot on take. that $20 price point is absolutely a "sweet spot". its more than affordable for the average collector, its absolutely a profitable price for everyone (retailer and distributor). $21.99 to me is even pushing it. "something something cost of goods" Elites were $15 when they first were introduced, increased by 50% in a decade? thats beyond anything reasonable. hasbro and mattel will miss a lot of the money because you're not alone in your thinking. the more people cut back, the less the retailers are going to make |
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zen411
Main Eventer
Joined on: Apr 18, 2019 21:20:38 GMT -5
Posts: 2,371
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Post by zen411 on Jan 13, 2022 12:37:17 GMT -5
I found Bob Orton in Ohio yesterday and it rang up $19.99 Where in ohio? |
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Post by newgenandy on Jan 13, 2022 12:44:56 GMT -5
The government is printing money like it's a newspaper right now and that is how inflation rises. When we say the government is "printing money" in higher amounts, what we're really saying is that in order to keep the market functioning, we engaged in a much higher rate of quantitative easing, increasing the reserves of major banks in exchange for bonds. This increased the monetary supply and reduced interest rates (which is a program we've already begun to taper off). This inflated stock and bond prices, but not CPI inflation, which is the inflation we're talking about. Historically, federal stimulus programs don't create the kind of high inflation we're seeing now - we took a similar approach to the Great Recession in 2008, and the concern then was a too-low inflation rate causing deflation. Even our recent inflation rates of around 6-7% don't come close to the 14-15% we had during the late 70s oil crisis. Which is also a good comp here, because there are major discrepancies in the inflation rates between market sectors that suggests this is due to continued external conditions: a 37% price increase on used cars and trucks isn't federal spending coming into play, it's a massive increase in purchasing of used automobiles prompted by a sharply limited supply of new cars. People trying to argue that this is due to stimulus policies are downplaying the realities of the unprecedented global situation that created those policies. We've never had a global shutdown on the scale we've had from Covid, not in my lifetime. Market demand isn't going to adhere to any normal rules for awhile. Ironic someone called βbankruptcyβ doesnβt have a great grasp of economics and finance |
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Post by AxelSmackdown on Jan 13, 2022 12:59:24 GMT -5
If elites go up to $27 βat some placesβ then just imagine how much UEs will go up to? $36? $37?
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Post by βππ£π ππ ππππ on Jan 13, 2022 13:03:38 GMT -5
If elites go up to $27 βat some placesβ then just imagine how much UEs will go up to? $36? $37? I'd guess so. Legends went up $2 ($19.99 to $21.99) on the Target app, and UEs went up $3 from $29.99 to $32.99. I guess people in this market could expect to pay $37.99 here soon for UEs. Absolutely not a price I'd pay for any single figure in a retail store. |
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Deleted
Joined on: May 1, 2024 20:42:24 GMT -5
Posts: 0
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Post by Deleted on Jan 13, 2022 13:07:45 GMT -5
Just bought cowboy Bob in Alabama and it was $24 and some change.
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Post by J'Dinkalage Morgoone on Jan 13, 2022 13:10:02 GMT -5
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Post by AxelSmackdown on Jan 13, 2022 13:11:15 GMT -5
If elites go up to $27 βat some placesβ then just imagine how much UEs will go up to? $36? $37? I'd guess so. Legends went up $2 ($19.99 to $21.99) on the Target app, and UEs went up $3 from $29.99 to $32.99. I guess people in this market could expect to pay $37.99 here soon for UEs.Β Absolutely not a price I'd pay for any single figure in a retail store. I remember when elite were like $14.97 or something at Walmart like 10 years ago. Those were better times for sure. |
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Thunder Chunky
Main Eventer
Joined on: Aug 1, 2010 21:57:30 GMT -5
Posts: 4,492
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Post by Thunder Chunky on Jan 13, 2022 13:12:18 GMT -5
I've already hit the tipping point, personally.Β I was buying Marvel figures pretty regularly - at least 2-3 from each wave, if not the full wave.Β I'm not even a big Marvel fan, but enjoyed the figures and would often find myself grabbing one on an impulse buy in the store if there was nothing else new in.Β After they bumped the price up to $23, I haven't bought a single figure.Β Β Maybe it's just my own weird thinking, but dropping $20 on a figure wasn't a big deal psychologically, even if the out the door price was closer to $22 with tax.Β But at $25 with tax, the value just isn't there in my mind.Β It's not that I can't afford it - I'm fortunate to be in a good spot and outside of figures don't spend a lot beyond basics.Β But the value proposition just isn't there.Β And I really haven't missed buying the line since. Does Hasbro miss the money I spent?Β Probably not.Β Mattel probably wouldn't either.Β But when you are pumping out repaint after repaint, cutting talent left and right who I actually would have been interested in buying, AND hiking prices at the same time?Β I'll find other ways to spend my money sooner than later. spot on take. that $20 price point is absolutely a "sweet spot". its more than affordable for the average collector, its absolutely a profitable price for everyone (retailer and distributor). $21.99 to me is even pushing it. "something something cost of goods" Elites were $15 when they first were introduced, increased by 50% in a decade? thats beyond anything reasonable. hasbro and mattel will miss a lot of the money because you're not alone in your thinking. the more people cut back, the less the retailers are going to make $15 in 2010 is worth 19.12 now. That isn't far off from what Mattel says the SRP is. |
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