Vinyl Me Please (store, exclusives, swaps, etc)

Btsvinylfarm said:
Because this is the first one that is almost guaranteed to hit their bottom line. Changing your inventory and web platform are no small tasks, and when there's a fuck up and you didn't think to have a contingency or roll back, and you are losing customers, losing orders, losing payment, shipping albums to the wrong people and resorting to giving out freebies and massive refunds for all the trouble the system change caused, it's guaranteed to hit the bottom line.

VMP likely is not a company with a robust P&L - they make healthy amounts of revenue, but I can't imagine the business is all that profitable. They also probably have a delicate balance sheet, and that's why they can't offer a pay-when-it-ships model. Probably a lot of outstanding liabilities + they definitely recently went through a new round of financing/capital injection. They need the upfront cashflows to sustain in the near term.

So, something like what has happened this past month is going to hurt them.

Now, I don't know if this will make them fix everything, because I'm simply not sure they're capable of fixing anything. But this clusterfuck, unlike smaller ones of the past, is more likely than ever to hit their wallets.
Click to expand...

Thank you for the response! Those are some great points. I have a few follow ups but I'm having trouble wording them correctly. I may ask them later but I also don't want to be told to stay out of it or accused of being toxic. So I'm going to sit with this for a bit. But I do really appreciate your response!
 
Btsvinylfarm said:
To add to my previous post, I'll also say that it's very likely that if there's a moderate recession in the next 5 years, VMP is the type of company that won't make it.
Click to expand...

I’ll be honest even if they were perfect that’s likely true. Hipster brands in niche luxury products struggle to ride out those storms regardless of their “value” or the product.
 
Teeeee said:
Thank you for the response! Those are some great points. I have a few follow ups but I'm having trouble wording them correctly. I may ask them later but I also don't want to be told to stay out of it or accused of being toxic. So I'm going to sit with this for a bit. But I do really appreciate your response!
Click to expand...

Feel free to ask or PM (y)
 
Joe Mac said:
I’ll be honest even if they were perfect that’s likely true. Hipster brands in niche luxury products struggle to ride out those storms regardless of their “value” or the product.
Click to expand...

I always tell my wife that I live in constant fear of a mild recession because I'll lose all of my favorite record shops and craft breweries. Where will I get my New England IPAs and audiophile albums!? :ROFLMAO:

Those types of places are ticking time bombs.
 
Btsvinylfarm said:
I always tell my wife that I live in constant fear of a mild recession because I'll lose all of my favorite record shops and craft breweries. Where will I get my New England IPAs and audiophile albums!? :ROFLMAO:

Those types of places are ticking time bombs.
Click to expand...

I always felt the best ones survive. Last recession was really rough on Ireland. We are a really small country and had a catastrophic level of banking collapse. hmv and a few come lately gouger hipster record stores went to the wall. Tower (who are an independent here but a HUGE premises) and the best small indies survived because of fair pricing, stock levels and the good relationships that they had built with their customers.
 
Btsvinylfarm said:
I always tell my wife that I live in constant fear of a mild recession because I'll lose all of my favorite record shops and craft breweries. Where will I get my New England IPAs and audiophile albums!? :ROFLMAO:

Those types of places are ticking time bombs.
Click to expand...

:gestures at US imports and exports: We're not officially in a recession until we've had X number of months of decline, I'm convinced it's just a matter of time now.
 
Joe Mac said:
I always felt the best ones survive. Last recession was really rough on Ireland. We are a really small country and had a catastrophic level of banking collapse. hmv and a few come lately gouger hipster record stores went to the wall. Tower (who are an independent here but a HUGE premises) and the best small indies survived because of fair pricing, stock levels and the good relationships that they had built with their customers.
Click to expand...

wait - so you live in a place where hmv no linger exists, but Tower Records does?
 
NathanRicaud said:
Yes! It’s like a bit claustrophobic, yet so warm, cute, dizzying and comforting. I feel like it is an actual unique sound. It’s not just dreamy and sensual and romantic, it has that stuffy, claustrophobic element that is unique!
Click to expand...
ChillyAnimatedEuropeanpolecat-size_restricted.gif
 
You must log in or register to reply here.
Back
Top