Random musings and general banter.

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PhaedrusR said:
I wonder if IW3 is yet profitable or TJC is supporting it until it breaks even, gets a consumer and customer base, reliable sales and becomes profitable, if not already.

Having said that I was watching things like candles sell out within minutes, so possibly it survives on "pile 'em high and sell it cheap' strategy. (Attributed to John Cohen, Tesco founder apparently).

Although IW not that cheap so taking an increased profit margin too.

The TV overheads must be prohibitive but the web site sells too without needing TV channel.
Click to expand...

Yup, it's a VERY profitable business model for TJC.

Old IW was a traditional retail business in the sense that the bulk of its goods were sourced from brands and brand suppliers. That involved buyers, negotiations, sales targets, sometimes 'sale or return' clauses. Brands would approach IW. This is why there was a LOT of repeat business, i.e., new Vax, RugDoctor, Bissel, Tefal devices regularly. IW got a thin slice, but the volumes were massive in the early days so it was profitable. As online shopping became more of a thing, and prices lowered… it became unsustainable without a better strategy. Alas… the rotating influx of new owners didn't have one.

New IW (obviously) uses the more profitable TJC model: source, buy, and sell stock directly, cut out the middlemen, set the price yourself, make the biggest profit. To help make those profits even bigger, use a skinnier production setup with fewer staff.

Most goods are imported from the far-east, bought incredibly cheaply in bulk (sometimes given TJC's in-house branding, Homesmart, and there are a few others - this why it's easy to find a lot of IW3's "stock" on Temu, AliExpress, or from sellers who do the same thing and sell through Amazon UK, eBay, etc).

Some goods are sourced from clearance stock companies in the UK which is why they're usually one-offs (in the sense that once that Tefal pan set has sold all its stock, they can't go back and "buy in" some more as it was a clearance/old stock lot). Same model a lot of the discount stores use. It's why when Wilkos went to the wall IW3 (along with others) managed to get Wilkos-branded items sold off cheaply in bulk.

A handful of goods (the watches, and Opatra) are there a bit more like the old model, but with IW3 getting a much bigger cut than IW2 ever did.

So I'd imagine IW3 is doing well for TJC and was worth replacing the TJC Beauty channel with.
 
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Blimey,think I’ve just seen Jally Sacks fly past my window!

IMG_0020.jpegEvery night is Halloween on IW,problem is it’s mainly a trick not a treat
 
PhaedrusR said:
Cheapest new automatic day/date non-swiss I could find:

www.paganidesignwatch.com

Pagani Design PD-1752 Day-Date 36MM 100M Waterproof Seagull ST16 Automatic Mechanical Watch Sapphire Crystal AR Coating luminous Business Watch

Brand Name: Pagani Design Watch Model Number: Pagani Design PD-1752 Style: Fashion & Casual Watch, Business Watch Feature: Water Resistant Feature: Week Display Feature: Diver Feature: Complete Calendar Feature: Shock Resistant Feature: Auto Date Feature: Luminous Water Resistance Depth: 10Bar...
www.paganidesignwatch.com www.paganidesignwatch.com


P.S. @Hammy60 @Professor Branestawm
Watch repair advice please: I bought a very cheap (under £15) chinese automatic movement watch from TJC. The winding rotor doesn't move freely, it's not loose, and only moves or drops down if I shake it. Is this faulty, or as expected, does it need loosening inside the case?
The crown manual winding and spring are fine. Is it fixable or should I put up with it. Not worth returning, tbh.
Click to expand...


What automatic watch were they selling under £15?

Prof would be the better for repairing movements advice. ;)

Some movements have slightly stiffer rotors than others, Miyota rotors (unidirectional) tend to free wheel, on my Seikos the rotors (bi-directional) don't move as freely.

But your problem could be just rotor that's been overtightned or maybe some dirt under the rotor causing it to stick. Me, cause it's under £15 would be in the back of that watch to have a look.:ROFLMAO:
At £15 unless it had some sentimental value then it ain't worth getting it sorted unless you can do it yourself.
 
Jazzydrury said:
Telewest that’s going back a few years
Click to expand...

I got Aberdeen Cable (later Atlantic Telecom) 1986, although they tried to expand to fast and ended up going bust, the death of cable in the Aberdeen area, nearest the likes of Virgin got to Aberdeen was Dundee, why so many Sky dishes in Aberdeen. Used to love cable, when Sky was just a channel.
 

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