Rising prices in these strange times

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No different than any other retail or service industry. People as a whole do not understand what it costs to operate. Being in the transportation sector, insurance is killing the "little" guys. It's ridiculous what commercial insurance, at least in Ontario, costs. It's almost 70% of our operating cost (only 1 claim in 25yrs of operation). So I can understand where Wanstalls is coming from. The consumer wants maximum value for minimum cost which is a normal thought process, they just don't see what it all costs.
 
I understand some is supply and demand and some is the exchange rate but I have seen the price of some ammo jump up far more than 10%. I luckily bought a case of 1000 rounds of bulk Federal .223 for $350 (sale price, I think regular price was around $400 ) just before all this happened. That's now $500 to $600 depending on the seller which is more like a 25% to 50% increase. Several retailers were selling 1000 rounds of 9mm like Blazer Brass for $230 to $250. Now it's $300 to $330. Again a 20%+ increase. So something more than exchange rate is going on. It may be some extra profit at the distributor level?
 
RK99 said:
I understand some is supply and demand and some is the exchange rate but I have seen the price of some ammo jump up far more than 10%. I luckily bought a case of 1000 rounds of bulk Federal .223 for $350 (sale price, I think regular price was around $400 ) just before all this happened. That's now $500 to $600 depending on the seller which is more like a 25% to 50% increase. Several retailers were selling 1000 rounds of 9mm like Blazer Brass for $230 to $250. Now it's $300 to $330. Again a 20%+ increase. So something more than exchange rate is going on. It may be some extra profit at the distributor level?
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I'd think its the distributors gouging for profit. CDN dollar has only moved between .70 and .72 cents of the USD the whole month of April which cant account for these price changes.
 
it concerns me that threats get thrown at you guys over pricing increases considering the business you guys are in...

It saddens me that there are people are so narrow minded and don't see the big picture and assume the worst in everyone....

I hope to god those people settle down and realize what they have done and not do it again as it wouldn't do us, the gun community any favours.
 
No consumer likes rising prices and no retailer likes to have to deal with the moaning and loss of business from being forced to pass along price hikes. Unfortunately we are on a global economic path that is very likely to change the prices we're used to seeing. And as much as I am an enthusiast of our hobby/sport, the truth is that the cost of guns n' ammo will probably be among the least of our concerns going forward. I would encourage more CGN'ers to follow the Economics thread in the Off-Topic forum. There are a small group of us there holding what is IMHO some insightful discussion.
 
You know the CDN dollar is bad when your bank posts this on their website:
"Foreign exchanges requests are currently not available online. For urgent foreign exchange requests, please go to your local branch. "
 
A business barking at its customers to be entitled to charge higher prices and they should kowtow and like it.

Lowest price gets the business

The sycophantic customers lapping it up are funny though.......

In tough times, the toughest survive.

Lowest prices get the dollar.
 
RK99 said:
I understand some is supply and demand and some is the exchange rate but I have seen the price of some ammo jump up far more than 10%. I luckily bought a case of 1000 rounds of bulk Federal .223 for $350 (sale price, I think regular price was around $400 ) just before all this happened. That's now $500 to $600 depending on the seller which is more like a 25% to 50% increase. Several retailers were selling 1000 rounds of 9mm like Blazer Brass for $230 to $250. Now it's $300 to $330. Again a 20%+ increase. So something more than exchange rate is going on. It may be some extra profit at the distributor level?
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The other thing that's happening is a run on ammo. There have been several stories about it. In a (relatively) free economy, prices will fluctuate based on both supply and demand. So everyone who is trying to stockpile during something like a pandemic are forcing the price up. I would imagine the safety requirements in place(distancing, limits on total personnel, etc) have lowered production, and combined with panic buying...I'm surprised prices aren't much higher for any consumable people want to stock up on.

Perhaps people would be better served to buy extra when demand is low, rather than wait on an emergency to buy. And then blame the supplier for the reality of a free market economy.
 
Pretty sure they complaining about the price of non essential items.
I hope one day they prove there was price fixing on ammo and we all get a free box of bullets.
 
Also I don't want to live in a society where we can't charge what we want for goods and services. Those people that bought up all the Lysol wipes to sell them on Amazon are not so wealthy that they can fund private space exploration.
 
...I'm not saying wanstalls is price gouging at all, i believe them when they say their costs have gone up thus increasing price to the customer; what i am saying is it's not unreasonable for a customer to then purchase from another vendor who had more than 30 days stock on hand and still has pre corona prices...

the idiom "youre a business not a charity" goes both ways...The 30 day turn around was probably a great model during ideal conditions, now not so much. Expecting the customer to jump for joy when they have to pick up the slack for this failure in management especially during times of tighter budgeting is a bit ridiculous IMO. While customers not understanding the intricacies of your particular business model can be annoying, its also unreasonable to expect them to...i see the frustrations of both sides.

Unforeseen events test the fortitude of everyone, including businesses. As a small business owner myself i sincerely wish the best of luck to wanstalls during these tough times.
 
Holy dump Batman: LOOK at your stocks, investments, 30 percent blown away in the last months. So what happens to retail. Stand by fool. we all will not believe what stuff at wally world is gonna cost in a couple of months. Plus all this FREE money is got to be payed back and the interest will be crushing. Taxes will go way up.
So better buy your stuff now cause you have not seen anything yet.
 
Nothing excuses threats!
Its a soft apocalypse under way and the economy under JT was rocky at best before this event and now its crashing …
I purchased what I could over the last couple of years and now I'm glad I did
 
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