We opened just after 9am. A very quiet start but the regulars were filtering through by 9:30. We are 1 of only 3 stores out of 45 are open today, Coles and Bakers Delight being the others. If any of the take away outlets were open they’d clean up but I suppose they have to way that against staff costs. We’ll see how the day pans out but at the worst we have a quiet environmet to start preparing for BTS.
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shaun s
i have been here since 5am so far all i have done is serve maybe 20 customers for papers and a few trying to play lotto tonight and then being disapointed when you tell them it was last night . on the plus side i am up $12000 with play money playing poker online .
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Ian
Opened at 6am and just the normal regulars in early. Has been steady (102 paying customers to date) and same as Shaun a few disappionted Lottto customers.
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Brendan
Four and a half hour trade, 105 customers and Sunday like figures. Not as busy as I expected but not a waste of a day either. Has it been worth your while Mark?
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Anthony
Once again our centre has been let down by those retailers who refuse to trade the advertised hours.
Opened at 10 and closed just before 2 as traffic had died way off. A walk around the centre when I closed showed that less that 30% of stores were open. With three centres nearest to us closed this would have been a good opportunity had tenants got behind it and the landlord promoted that we were open.
It was a good four hours. $1,400 in lottery sales, $1,600 in payouts and more than $1,500 in other sales.
What was fascinating was selling more close to $80 in US quilting titles. Yes, there is a market for imported magazines.
No wages cost for the day.
It was worthwhile and enjoyable.
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Jim
Give me overseas titles at least there are not in Coles and co .Who tells us not good for the industry , they can not wait to get their stuff in coles , stuff us.The newsagents friend Express white anting every newsagents with their subscription offers half our price but ours seem to jump out of the bag funny that and also get 2nd place to over seas titles,i think it is called craping in your nest express..Good on you better homes we have sold out ,that newsagents at the bottom of the add has worked well, our mag sales up 6% on this time last year. Selling more peoples friend then famous and new weekly together,all agents should also look at the English weeky titles which now account for half my weeekly only sales
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eric
i came in at 8 am send the papers to fitness first and wollies and then go home playing my guitar and charango.
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Paul S
Came in at 7am, closed at 10am and did about Sunday sort of figures but at higher GP thanks to selling a suprisingly large amount of stationery sales.
Will only be doing 7am to 9am tomorrow (Monday public holiday) too. Pretty sleepy around here on public holidays as many go away
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Brendan
New Years day proved to me the value of being in a shopping centre with a major supermarket. If not for Coles, I doubt that the traffic would have been generated to make opening worth while. Sunbury is still a bit of a sleepy hollow and the only indoor complex in the area would do better if more than 4 store opened on these days. (I left out First Choice that was open on the outside of the complex in my earlier post.
Thats our store total. To put it in perspective, newsagency products were around $1900 phone cards $300 and lottery products $800 and tobacco $3500. All other sales were from the supermarket.
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Mal
@Shaun I can appreciate you saying $12k is a slow day. The margins for food products is very low. I think in nz, most supermarkets they only earn a few cents per item. We had a slow day for us. About 6k in lotteries. And practically dead on the newsagency side only about 700 (standard margin products I.e not including phone cards e.t.c). It wasn’t worth opening but we had to because of lotto.
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Shayne
We took $500 in 6 1/2 hours trade on New Years Day. About $350 of that was lotto. G.P for the day about $60.
Don’t laugh – it was like a ghost town around here. If I didn’t have the delivery run I wouldn’t bother opening New years day or Good Friday.
Mal your right the margin on food product is lover than that of a newsagency. I believe most supermarkets average around 20-25% GP depending on local competition, and department breakup.
Highh turnover items such as Coke can sell with margins as low as 8% at shelf price or even lower on special.
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B
Interesting debate on public holidays. I sometimes wonder if it is at all worth opening. Both our stores do very little on a public holiday, and it is mainly lotto which makes it even less worth opening the doors. I find it is a catch 22. If you open, very few people come in and yet if we close then the next day we will have quite a few customers come through saying they wished we were open the previous day. We get around this by only opening for half a day on Public holidays but by the time you take out electricity and wages the return is in the negative
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Mal
Harris, your margins are generous. I have a friend whose father own a new world supermarket. they do about 700k a week ( relatively low for a large supermarket in nz) but their markup is not by percentage but by price and that is only a few cents (10 to 55 cents) per item, larger on cosmetics of course). Superettes (we call them dairies) Do about $1-$2 per item. But four squares and small size supermarkets do as a percentage about 18%.
I was curious if there are days after new years day (new years day observed on Monday) that are considered public holidays in oz?
Margins are all over the place in Aust supermarkets. Individual items can range from around 8 to 50% depending on the department, brand, competitiveness, market placement, etc. Almost all prices in Aust independent supermarkets are set by head office banner groups who employ teams of specialists. Retailers then tweak at a store level to account for the local market. Its a good system.
Its probably also worth mentioning that independents regularly sell products below cost on special. Retailers are then rebated by their banner groups on scan data.
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mal
That’s worth knowing Jarryd (sorry about writing Harris, Jarryd was auto-corrected by the iphone).
Can you please explain your last statement about rebate. When we have sales in stationery and books and sell below cost. That loss is buffered by us no one rebates anything. During back to school, say an exercise book that costs 42c +gst will sell for 25c inclusive. so the 17c -gst is lost by us. (but we do get amazing foot traffic and on average, $40 is spent per child so we make a healthy profit).
So some items that go on special in supermarkets are sold at below what it costs the retailer to purchase. A 2L bottle of coke might cost the retailer $2 and they will sell it on special for $1.50, making a loss of 50 cents. Supermarket banner groups (from what I know all of them do this) will then rebate the retailer x amount per item sold. For this example it might be a $0.60 rebate. The retailer now makes $0.10 profit per bottle. This rebate can be funded by either the supplier, the banner group or a combination of both.
This is not the case for most specials. The rebate structure is usually used for the best specials or most competition-prone products.
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Mal
Thanks for the clarification jarryd, it’s greatly appreciated. I might have lead the comments greatly off topic , sorry to the people who had to scroll down through all this. 🙁
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shaun s
Always worth a read wether it is about newsagents or not ,.
We opened just after 9am. A very quiet start but the regulars were filtering through by 9:30. We are 1 of only 3 stores out of 45 are open today, Coles and Bakers Delight being the others. If any of the take away outlets were open they’d clean up but I suppose they have to way that against staff costs. We’ll see how the day pans out but at the worst we have a quiet environmet to start preparing for BTS.
i have been here since 5am so far all i have done is serve maybe 20 customers for papers and a few trying to play lotto tonight and then being disapointed when you tell them it was last night . on the plus side i am up $12000 with play money playing poker online .
Opened at 6am and just the normal regulars in early. Has been steady (102 paying customers to date) and same as Shaun a few disappionted Lottto customers.
Four and a half hour trade, 105 customers and Sunday like figures. Not as busy as I expected but not a waste of a day either. Has it been worth your while Mark?
Once again our centre has been let down by those retailers who refuse to trade the advertised hours.
Opened at 10 and closed just before 2 as traffic had died way off. A walk around the centre when I closed showed that less that 30% of stores were open. With three centres nearest to us closed this would have been a good opportunity had tenants got behind it and the landlord promoted that we were open.
It was a good four hours. $1,400 in lottery sales, $1,600 in payouts and more than $1,500 in other sales.
What was fascinating was selling more close to $80 in US quilting titles. Yes, there is a market for imported magazines.
No wages cost for the day.
It was worthwhile and enjoyable.
Give me overseas titles at least there are not in Coles and co .Who tells us not good for the industry , they can not wait to get their stuff in coles , stuff us.The newsagents friend Express white anting every newsagents with their subscription offers half our price but ours seem to jump out of the bag funny that and also get 2nd place to over seas titles,i think it is called craping in your nest express..Good on you better homes we have sold out ,that newsagents at the bottom of the add has worked well, our mag sales up 6% on this time last year. Selling more peoples friend then famous and new weekly together,all agents should also look at the English weeky titles which now account for half my weeekly only sales
i came in at 8 am send the papers to fitness first and wollies and then go home playing my guitar and charango.
Came in at 7am, closed at 10am and did about Sunday sort of figures but at higher GP thanks to selling a suprisingly large amount of stationery sales.
Will only be doing 7am to 9am tomorrow (Monday public holiday) too. Pretty sleepy around here on public holidays as many go away
New Years day proved to me the value of being in a shopping centre with a major supermarket. If not for Coles, I doubt that the traffic would have been generated to make opening worth while. Sunbury is still a bit of a sleepy hollow and the only indoor complex in the area would do better if more than 4 store opened on these days. (I left out First Choice that was open on the outside of the complex in my earlier post.
Just over $12K for the day (12 hours) – slowest day of the year. Just over $4.5K in payouts. 5 juniors and one manager.
i would love your slow days every day of the week for me that would be great
Shaun,
Thats our store total. To put it in perspective, newsagency products were around $1900 phone cards $300 and lottery products $800 and tobacco $3500. All other sales were from the supermarket.
@Shaun I can appreciate you saying $12k is a slow day. The margins for food products is very low. I think in nz, most supermarkets they only earn a few cents per item. We had a slow day for us. About 6k in lotteries. And practically dead on the newsagency side only about 700 (standard margin products I.e not including phone cards e.t.c). It wasn’t worth opening but we had to because of lotto.
We took $500 in 6 1/2 hours trade on New Years Day. About $350 of that was lotto. G.P for the day about $60.
Don’t laugh – it was like a ghost town around here. If I didn’t have the delivery run I wouldn’t bother opening New years day or Good Friday.
Mal your right the margin on food product is lover than that of a newsagency. I believe most supermarkets average around 20-25% GP depending on local competition, and department breakup.
Highh turnover items such as Coke can sell with margins as low as 8% at shelf price or even lower on special.
Interesting debate on public holidays. I sometimes wonder if it is at all worth opening. Both our stores do very little on a public holiday, and it is mainly lotto which makes it even less worth opening the doors. I find it is a catch 22. If you open, very few people come in and yet if we close then the next day we will have quite a few customers come through saying they wished we were open the previous day. We get around this by only opening for half a day on Public holidays but by the time you take out electricity and wages the return is in the negative
Harris, your margins are generous. I have a friend whose father own a new world supermarket. they do about 700k a week ( relatively low for a large supermarket in nz) but their markup is not by percentage but by price and that is only a few cents (10 to 55 cents) per item, larger on cosmetics of course). Superettes (we call them dairies) Do about $1-$2 per item. But four squares and small size supermarkets do as a percentage about 18%.
I was curious if there are days after new years day (new years day observed on Monday) that are considered public holidays in oz?
Mal,
Margins are all over the place in Aust supermarkets. Individual items can range from around 8 to 50% depending on the department, brand, competitiveness, market placement, etc. Almost all prices in Aust independent supermarkets are set by head office banner groups who employ teams of specialists. Retailers then tweak at a store level to account for the local market. Its a good system.
Its probably also worth mentioning that independents regularly sell products below cost on special. Retailers are then rebated by their banner groups on scan data.
That’s worth knowing Jarryd (sorry about writing Harris, Jarryd was auto-corrected by the iphone).
Can you please explain your last statement about rebate. When we have sales in stationery and books and sell below cost. That loss is buffered by us no one rebates anything. During back to school, say an exercise book that costs 42c +gst will sell for 25c inclusive. so the 17c -gst is lost by us. (but we do get amazing foot traffic and on average, $40 is spent per child so we make a healthy profit).
So some items that go on special in supermarkets are sold at below what it costs the retailer to purchase. A 2L bottle of coke might cost the retailer $2 and they will sell it on special for $1.50, making a loss of 50 cents. Supermarket banner groups (from what I know all of them do this) will then rebate the retailer x amount per item sold. For this example it might be a $0.60 rebate. The retailer now makes $0.10 profit per bottle. This rebate can be funded by either the supplier, the banner group or a combination of both.
This is not the case for most specials. The rebate structure is usually used for the best specials or most competition-prone products.
Thanks for the clarification jarryd, it’s greatly appreciated. I might have lead the comments greatly off topic , sorry to the people who had to scroll down through all this. 🙁
Always worth a read wether it is about newsagents or not ,.