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When they said 10% more on Resin I had hoped it was just Failcast, I was wrong unfortunately, FWs already insane prices all go up...

As some people have mentioned it's actually easy to tell how GW and other public companies are doing, you just have to look at the messaging for investors instead of customers. Go to https://investor.games-workshop.com/investment-research/ for such gems as.
"The company is highly cash generative, while funding investment in fixed and working capital to support its long-term growth strategy. The impressive growth and high cash conversion have supported strong returns to shareholders."
and
"Its loyal customers invest significant time and money in their collections, thus reducing the likelihood of switching to a different brand."

ecurtz wrote:
As some people have mentioned it's actually easy to tell how GW and other public companies are doing, you just have to look at the messaging for investors instead of customers. Go to https://investor.games-workshop.com/investment-research/ for such gems as.
"The company is highly cash generative, while funding investment in fixed and working capital to support its long-term growth strategy. The impressive growth and high cash conversion have supported strong returns to shareholders."
and
"Its loyal customers invest significant time and money in their collections, thus reducing the likelihood of switching to a different brand."

That last one sounds familiar.

“There is one good thing about [selling] to a [community] full of pea-brained yokels: I always know I’ve got them exactly where I want them.” —-RJ Fletcher.

ecurtz wrote:
As some people have mentioned it's actually easy to tell how GW and other public companies are doing, you just have to look at the messaging for investors instead of customers. Go to https://investor.games-workshop.com/investment-research/ for such gems as.
"The company is highly cash generative, while funding investment in fixed and working capital to support its long-term growth strategy. The impressive growth and high cash conversion have supported strong returns to shareholders."
and
"Its loyal customers invest significant time and money in their collections, thus reducing the likelihood of switching to a different brand."

You found messaging biased towards investors on their investor relations site? Noooooooo… tell me it ain’t so.

 BlackoCatto wrote:
Maybe it's time for people to start playing different games (maybe easily even better games).

I for one will be dipping out of purchasing any new models for a good long while. Money isn't a huge issue for me, but this economical situation is the spur I need to stop buying and focus on my pile of unpainted models.

 queen_annes_revenge wrote:

 BlackoCatto wrote:
Maybe it's time for people to start playing different games (maybe easily even better games).

I for one will be dipping out of purchasing any new models for a good long while. Money isn't a huge issue for me, but this economical situation is the spur I need to stop buying and focus on my pile of unpainted models.

If you do buy, try Frostgrave, very fun. If you like Historicals, Victrix gives you a bunch of beautiful minis for a good price. WGA as well is a sleeper hit and now made in the USA.

 BlackoCatto wrote:

If you do buy, try Frostgrave, very fun. If you like Historicals, Victrix gives you a bunch of beautiful minis for a good price. WGA as well is a sleeper hit and now made in the USA.

Star Grave is a lot of fun too, it just needs more kits.

Have not tried WGA yet but I think I might, and of course you all know I'm a fan of Reaper who are also bringing their plastic production back to the US.

Stargrave female crew box is coming soon. If Victrix ever decide to put their muscle into generic sci fi troops I will be a happy happy man.

Dudeface wrote:

yukishiro1 wrote:

Dudeface wrote:
To the people who are saying they should just absorb the increased costs via the profits.

How would you like it if your employer had to pay increased tax for you as an employee, so they're using your pay rise to cover it, so rather than keeping up with the cost of living you're comparatively worse off?

Yes they're putting prices up out of a form of need/greed, yes they could absorb them, but they're obligated not to and there's no reason the owners of the company (stakeholders) should de facto take the hit, simply because the customers don't like paying more.

Why do people continue to repeat this nonsense? This simply is not true. There is no obligation, legal or otherwise, for a company to always put the pursuit of short-term profits above all other considerations. It does not exist. It was made up out of whole cloth by some right-wing economists to justify a right-wing economic agenda, and it took decades for it to actually catch on because it was such a radical departure from prior ideas. It has never become the law; it remains in the domain of right-wing pontification, even if it's managed to enter the common consciousness. Even the people they credit like Hayek didn't actually believe the radical version of the theory that's become "common sense" to legions of duped people on the internet.

Nothing you wrote contradicted what I said. Again, they're not obligated to absorb additional overheads, just the same way they're not obliged to maximise profits. Legally or otherwise.

They've made a choice to pass on the increased operating costs to protect the interests of the stakeholders, simple as that.

Yeah you are correct they don't have to eat the loss of profit but I also don't have to buy into it and I won't. I suggest anyone who dislikes this not to either, break off the GW bread line and let them stew on it. They need the customers way more than we need them. I'd hazard to say most on this forum have enough armies and models to last a couple life times at least already. Dry up them money streams and then let's see what they have to say. They'll change course before they go out of business, unless they are totally morons at which point well, everyone gotta die some day Red.

 AngryAngel80 wrote:

Dudeface wrote:

yukishiro1 wrote:

Dudeface wrote:
To the people who are saying they should just absorb the increased costs via the profits.

How would you like it if your employer had to pay increased tax for you as an employee, so they're using your pay rise to cover it, so rather than keeping up with the cost of living you're comparatively worse off?

Yes they're putting prices up out of a form of need/greed, yes they could absorb them, but they're obligated not to and there's no reason the owners of the company (stakeholders) should de facto take the hit, simply because the customers don't like paying more.

Why do people continue to repeat this nonsense? This simply is not true. There is no obligation, legal or otherwise, for a company to always put the pursuit of short-term profits above all other considerations. It does not exist. It was made up out of whole cloth by some right-wing economists to justify a right-wing economic agenda, and it took decades for it to actually catch on because it was such a radical departure from prior ideas. It has never become the law; it remains in the domain of right-wing pontification, even if it's managed to enter the common consciousness. Even the people they credit like Hayek didn't actually believe the radical version of the theory that's become "common sense" to legions of duped people on the internet.

Nothing you wrote contradicted what I said. Again, they're not obligated to absorb additional overheads, just the same way they're not obliged to maximise profits. Legally or otherwise.

They've made a choice to pass on the increased operating costs to protect the interests of the stakeholders, simple as that.

Yeah you are correct they don't have to eat the loss of profit but I also don't have to buy into it and I won't. I suggest anyone who dislikes this not to either, break off the GW bread line and let them stew on it. They need the customers way more than we need them. I'd hazard to say most on this forum have enough armies and models to last a couple life times at least already. Dry up them money streams and then let's see what they have to say. They'll change course before they go out of business, unless they are totally morons at which point well, everyone gotta die some day Red.

I'd echo that anyone feeling that way is probably better off getting out for now. I will simply reduce the amount I buy (which in turn is less anyway), but at the end of the day a lot of people are harder up right now and don't put luxury goods ahead of being comfortable and secure financially anyway.

Well people either will or they won't I suppose. I know I've gotten not one book this edition, as I said I wouldn't and honestly if I did I'd be pissed with how quick they are rendered trash these days.Now costing even more, on outdated trash in some cases like the Guard codex talk about a new player trap right there. These books aren't worth the price before the rise and even less so after.

These constant hikes then cries of how bad off the world is just come off lame with how often GW does this for no reason. It isn't to pay their people more, and sure as the sun will light the sky tomorrow they'll never lower the cost even if all things went back down days after the price rise. It's all one way and never the other. It's all about greed and never about just staying afloat and they don't feel bad about it for even one moment, the chads. They aren't our buddies or our pals or even someone we'd loan lunch money to.

It has nothing to do with being hard up, it has everything to do with being milked over and over by these sharks with smiling faces giving them croc tears of how rough things are for them. Things are rough for everyone and raising prices on the back of one of their biggest profits from lock down and all just comes off lame and tone deaf but then GW never minded looking bad, they can just say it isn't their fault. Remember this is the new GW gang, they love us all as long as we pay them.

In the end all that will be left is them mighty whales holding the company up on their backs at this rate. I used to argue that GW wasn't too bad considering other hobbies but each year that grows more and more false. Only thing good about it is the secondary market can charge also more and more and will based off the current price line they are selling kits at. Meaning some old purchases are only going up in value in real time. You'd most likely be able to sell old kits at half retail and still make exactly what you spent on them in the first place, that is crazy and only from a few years price rising.

At this point this is just a rant but really, this is silly. GW gonna GW but I don't think any of us should be feeling bad for the poor old company and their tough times, if this was a once in a long time deal, fair enough but its not and we'll see it soon again weather or not current situations improve, they don't need a reason they just have one this time.

Which in closing, leaves us all to say " GW I have nipples, think you can milk me ? " I leave it to you all to decide GW's response.

 AngryAngel80 wrote:

Which in closing, leaves us all to say " GW I have nipples, think you can milk me ? "

Not certain that this thread is an appropriate place for your weird GW slashfic...

I wonder, does this only apply to GW or FW as well. FW just raised their prices (secretly, without announcing!) in November or sometime around that time…

 CragHack wrote:
I wonder, does this only apply to GW or FW as well. FW just raised their prices (secretly, without announcing!) in November or sometime around that time…

The Spikey Bits link has BB star players going up @10% on average and they are all FW minis

GW stock plummeting by over 25% during the second half of 2021 certainly has nothing to do with this price hike.

 Tokhuah wrote:
GW stock plummeting by over 25% during the second half of 2021 certainly has nothing to do with this price hike.

It doesn't.

 AngryAngel80 wrote:
Well people either will or they won't I suppose. I know I've gotten not one book this edition, as I said I wouldn't and honestly if I did I'd be pissed with how quick they are rendered trash these days.Now costing even more, on outdated trash in some cases like the Guard codex talk about a new player trap right there. These books aren't worth the price before the rise and even less so after.

These constant hikes then cries of how bad off the world is just come off lame with how often GW does this for no reason. It isn't to pay their people more, and sure as the sun will light the sky tomorrow they'll never lower the cost even if all things went back down days after the price rise. It's all one way and never the other. It's all about greed and never about just staying afloat and they don't feel bad about it for even one moment, the chads. They aren't our buddies or our pals or even someone we'd loan lunch money to.

It has nothing to do with being hard up, it has everything to do with being milked over and over by these sharks with smiling faces giving them croc tears of how rough things are for them. Things are rough for everyone and raising prices on the back of one of their biggest profits from lock down and all just comes off lame and tone deaf but then GW never minded looking bad, they can just say it isn't their fault. Remember this is the new GW gang, they love us all as long as we pay them.

In the end all that will be left is them mighty whales holding the company up on their backs at this rate. I used to argue that GW wasn't too bad considering other hobbies but each year that grows more and more false. Only thing good about it is the secondary market can charge also more and more and will based off the current price line they are selling kits at. Meaning some old purchases are only going up in value in real time. You'd most likely be able to sell old kits at half retail and still make exactly what you spent on them in the first place, that is crazy and only from a few years price rising.

At this point this is just a rant but really, this is silly. GW gonna GW but I don't think any of us should be feeling bad for the poor old company and their tough times, if this was a once in a long time deal, fair enough but its not and we'll see it soon again weather or not current situations improve, they don't need a reason they just have one this time.

Which in closing, leaves us all to say " GW I have nipples, think you can milk me ? " I leave it to you all to decide GW's response.

That’s how profit motives and successful businesses in capitalist systems work. Anyone that works any other way will cede economic dominance and power to someone else that is willing to do so. A for profit business’s job, no matter who or where is running it, is to extract as much product of labor for as little a price as they think they can get away with from their workers and to take that product and extract as much of their customer’s money as they think they can get away with. Unfortunately modern day capitalism favors businesses that incentivize or create a need within their market to keep you buying things. What they do with their printed material is no different than what smart phone manufacturers do with planned obsolescence to cause their phones to break down, as well as every other industry such as car manufacturers.

GW doesn’t actually have a choice but to prey on their customers because if they don’t someone else will and will proceed to dominate the niche market of tabletop war gaming. That’s just how things are and will continue to be and there is little we can do about it. I’ve not purchased a GW product for nigh on 4 years now but the growth of the company currently outpaces the frustration of customers. In order to change that you would need mass collective action of a majority of the customer base. These gradual increases in prices and innovative ways to drive you to purchase more products is what allowed GW to become the ONE big name in tabletop war gaming, and why no other gaming company has really been able to challenge GW.

You will either grin and bear it or you will stop consuming GW products and divorce yourself from the setting you love so much. Unfortunately the nostalgia and personal attachment keeps fools such as myself at least interested in the setting and game. We are slaves to nostalgia, owned by the IP that GW in turn owns, and is in turn slaves to another system that has already made these decisions for them.

You're not a "slave to nostalgia". Just stop giving them money even if you like the setting.

The exclude China because they already have a 20% price increase last year.

lym121 wrote:
The exclude China because they already have a 20% price increase last year.

And they exclude Australia because their calculators couldn't count that high.

Thread winnah!!!!!!

Tangentially related: Facebook has started flagging posts blaming inflation on corporate greed as fake news.

https://nypost.com/2022/02/17/facebook-instagram-put-fact-checks-on-certain-inflation-posts/

Jeez let's not quote nypost lolol.

I'm sure corporate greed is part of it.

I for one will be hitting the brakes on any new purchase for a long while. I did start a new army recently so might buy a couple things before the price hike but then make it my goal not to buy anything GW for the rest of the year.

I doubt GW will ever fail as a company, but I would love to see sales for those greedy pigs tank.

It's funny people complaining about a 5% increase on GW stuff. Have you seen how much Coca Cola just increased their prices 40-50% on 2lt bottles

Ah yes, the famous yearly, inflation-surpassing Coca Cola price hikes.

 BobtheInquisitor wrote:
Ah yes, the famous yearly, inflation-surpassing Coca Cola price hikes.

In the past 5-7 years or so single serve cooler bottles of coke and pepsi have risen from $1.69 to $2.19, so yeah, basically.

So, equivalent to a rise from $34 to $44? Oh wait, that was $35 for 20 Cadians and now it’s $44 for 10 Cadians. Totes the same.

you were buying 20 Cadians for $35 5-7 years ago?

 lord_blackfang wrote:
Tangentially related: Facebook has started flagging posts blaming inflation on corporate greed as fake news.

https://nypost.com/2022/02/17/facebook-instagram-put-fact-checks-on-certain-inflation-posts/

Oh I know I'm treading a fine line here. Let's see, how best to explain it.

Inflation right now is currently being driven by two major forces. The normal 4-5% inflation is what we'd expect from the Federal Reserve Bank (which, despite the name, is actually a private entity that has managed to take control of the US dollar).

The other 2-4% of the inflation we've seen over the past two years has been due to supply issues (yes, supply issues caused by covid, but supply issues nonetheless). Scarcity drives prices up, and that goes for everything. On top of that, you've got shortages of drivers to deliver product, boats having to be rerouted across whole oceans just to offload their stuff, and even an issue where a boat in the Atlantic caught fire and is loaded full of VW and Porsche vehicles that now, due to maritime law, is 'finders keepers'. Yes, this is a real thing that just happened.

Saying all of inflation is due to corporate greed is very misleading, because there are real world issues out there right now that are contributing to a large portion of that inflation.
Other factors include overleveraging of banks and hedgefunds, RRP being over 160 billion dollars (a rate of leverage used by banks to increase liquidity), as well as huge Chinese land developers hitting hundreds of billions of dollars of bankruptcy... There's a lot involved that honestly has little to do with corporate greed.

One bigger reason that many businesses are making money hand over fist is because they're paying the same amount of money for their workers (wages haven't increased much over the past 20 years) and they're paying fewer of them (how many food joints are drive-thru only still?) and working those that are there even harder, causing higher turn-over. This drives profit up because of lack of expense, while spending habits haven't changed despite the pandemic.

There are many other issues that can be extrapolated from this, but I think that summary should suffice for this forum.

Oh, and to the point about 'we have a loyal customer base that isn't going to jump to another brand' are they wrong? Set aside the denizens of Dakkadakka, are they really wrong that they've managed to create a brand that people tend to stick around in? How many stories have I heard of people that play as kids only to come back in their 30's or 40's or even 50's to get back into the hobby, or people that have been hobbying for decades. Yeah, those people may have sizeable collections of other miniature brands, but Warhammer plays a big role.