Originally Posted by V3rtigo
They don't need a warehouse. Look at your order IDs and you can see exactly how much they're selling. We're talking about 500-1000 orders per day. That's 4-8 per store per day. Let's say 5 items per, that's 20-40 items per store per day. Probably much less when there are no sales, which seems to be most of the time nowadays. That in no way requires a warehouse. It also is really laughable that at those volumes, they still can't get inventory right.
And yes, they're trading at low prices, but they were an $8 stock 2 years ago. Toys R Us already went bankrupt once, hence why they have private buyers (who I actually happen to know). It's foolish to compare them to Wal-Mart and Target but there is no reason they aren't as successful as Half Price Books. Big surprise, Half Price Books doesn't sell online, which is probably for the best. If you're not going to do it right, then why bother? Hastings bothered, and they're closing down stores and running a half-assed site. Maybe the Toys R Us owners will buy it for pennies on the dollar.
Despite the fact you are guessing at knowing the volume of orders and number of items in the orders based of what you think an order invoice from them means, you still completely ignored my point about the pitfall of running a central shipping location out of a retail front store.
Again, this whole thing stems from the idea "OMGz why can't the ship everything all at once instead of in 20 packages." Amazon doesn't even ship everything in the same package, so I don't know what the
people are going on about. I've had Best Buy items arrive separately from the same order. Large enterprises with a handful of warehouse locations across the country specifically for internet orders don't always ship your entire order from the same location, yet people think Hastings should? Logistics aside, that's just a huge "What the
" kind of statement. I've never ever once read any complaints about Amazon items arriving separately. But people like to pick on Hastings because its easy to do.
Who cares how they ship it (in terms of individual packages or all together) as long as your total price including shipping costs works out to be cheaper than the same item from another retailer or seller, including shipping?
But since you seem to know how to turn Hastings' business around, maybe you should send John Marmaduke your CV and a proposal. I'm sure he'll be real impressed by the references from your investor friends who own Toys R Us now.
Its also funny you continually blast Hastings where as stores like Toys R Us, Best Buy, f.y.e., etc. are all not doing so hot. The demand for physical locations for media items is increasingly shrinking. Hastings has many areas where they can do better for sure, but they're not exactly in a growing B&M industry.