Off to listen to some New Classics today, for the first time. Be interesting, but probably not unexpected, if the dealer brings up price. IMO HiFi is a real luxury item, I certainly view my expenditure on it as exceptionally discretionary. Music I buy monthly, hifi very much less often. If/as/when I do spend money on it, the price is what it is.
Beans I buy weekly, and price rises on the weekly shopping are far more serious
I have no idea, but I do know they are no longer going the Red Sea route.
Plenty of news articles on this topic.
From the BBC back in January 3rd: …a warning from the British Retail Consortium (BRC) that the disruption could have a knock-on effect on product availability and prices.
Chief executive Helen Dickinson said this was “as a result of higher transportation and shipping insurance costs”.
“Over the coming months, some goods will take longer to be shipped,” she added. Guy Platten, secretary general of the International Chamber of Shipping warned “we won’t see much of an impact until later on in January”.
Interestingly Naim’s GP% margin had been falling from 2018 to 2021. It picked up slightly in 2022 (most recent accounts) but was still 7% below the peak. So that does not look like outrageous price increases over cost.
Recently they have been shooting up. Since November shipping costs are up between 250 and 300% according to recent news stories. It seems we are about to feel the effects of this on many products - See here;
My UK dealer has confirmed price increases are incoming.
I’ve just ordered a 222/250, but not the NPX 300, even though I expect I will want to get one later/eventually. What do do? I’d dearly like to know how big the increase might be. If ~10% I might decide to buy now - or maybe not later on .