Masters no more

[FenceFurniture]

Seems to me that Masters and the liquidator have got rocks in their heads. I can confirm Pac Man's assessment of almost uniformly 10% and no customers in sight.

This is ludicrous: they are now paying for security guards, and the longer the sale goes on the longer they will be paying wages to the staff. If we assume that the liquidator is getting 10% of all sales, then Masters could have put the sale on themselves at 20% off and had a helluva lot more stock go out the door sooner and made the same amount of margin, but raised a lot more money. (obviously the discounts will increase in the coming months).

Had it been 20% I'd have purchased up to $1800 less discount, but as it was I only took out what I have a need for right now to the tune of about $500 (and $300 of that was just for four rolls of Bird Wire for the new massive vege garden).

I made the point to the 'merican store visitor that if it had been a decent discount right from the get-go then a simple post on the various fora could be seen by maybe 10,000 people. As it is, it's business (or lack of) as usual. I mean - think about it - a thread titled "Masters 25% off" is going to get a lot of views translating to feet through the door.

Fixings are 30% off and I have a need for 5 boxes of screws so that was really only what bumped it into "worth the 90 minute return trip". Other than that, check back in 4-5 weeks to see if they've woken up.

Didn't even see any snow shovels at a decent price (hey, we're coming into summer so they should be on display by now ).

[Pac man]

AFAIK they stock just the one length of one model of Bessey clamps; I buy my Bessey's from gettoolsdirect.com.au - they stock them all.

GTD's packing is a little light-on though, considering that's $400 of clamps there:

They sell both the 600 and the 1m in the k bodies

prices are $74 less 10% and 91 less 10% accordingly

[Mr Brush]

They don't seem to understand that if they get people into the stores on the pretence of a "closing sale", but only offer crappy discounts, the punters won't bother coming back in a few weeks' time if/when they start ramping up the discounts to worthwhile levels.

Same thing happened with Dick Smith, and they got left with lots of (mostly own brand) gear and no more customers. Basically everyone rapidly lost interest and wandered off to look at the shiny things in other stores instead.

[chambezio]

Quote [Seems to me that Masters and the liquidator have got rocks in their heads]

The word "liquidator" immediately made my brain go to Dr Who......Exterminate, Exterminate

[Mr Brush]

Weird...."liquidator" made me think more along these lines

https://www.youtube.com/watch?v=R6WfSZzi4_Y

[Chesand]

I called into the Sunbury store this morning as I was passing,. Carpark 3/4 full, lots of wanderers in the store but not many going through the checkouts. As others have said, the discount seems to be 10% with more on a few lines. 10% on power tools is not enough to get me interested just yet.

[FenceFurniture]

Here is their Facebook page if you want to give them some hurry up:
https://www.facebook.com/mastersau

I posted a nicely paragraphed but long comment but as I was a Visitor it took all the paras out which makes it a chore to read.

[FenceFurniture]

And fresh news:
Woolworths hits Lowe's legal hurdle in Masters sale - ABC News (Australian Broadcasting Corporation)

[dai sensei]

I went today and so much for the huge sale, it was better last week. The 60% off tables were reduced to 50%, the 50% off all fixing was reduced to 30%, and just the few 10/20/30% bits and pieces as previously. So actually more expensive.

There were plenty of signs saying closing down sale, that kept falling down much to the frustration of staff, but no real discounts being out forward yet.

[crowie]

Dropped in to see my friend at Penrith Masters today....

Lot of people in the store and carpark noticeably fuller....

The staff are one the wiser on what's really happening except to say the liquidator now owns all the stock and responsible for the prices & discounts....

My friends bigger concern is that at least five [5] of the masters suppliers that he knows of, will also have to close their doors, after Masters is wound up....

PS - I did buy a 3.7lt of Titebond Original for my toymaking but really didn't bother looking around....TOO MANY CUSTOMERS TO MANOEUVRE AROUND!!

[justonething]

I also bought Titebond, but Titebond 3, organoil hard burnishing oil and some decking paint. I got 10% + 5% trade discount for everything. Didn't bother with anything else.

[Toymaker Len]

Checked the Masters website early tuesday morning, matched their prices to my list, factored in the 10% 'sale' discount...All looking good, headed out to Heatherbrae to Masters although three Bunnings are closer to my place. First item -piano hinges, website says $11 tag says $15.79! ! Same with push-latches, website $10 tag on the shelf $15, sanding sealer -website says $30 shelf price $35. Sales assistant checks the prices with his little scanner and says "Sorry mate, we don't have anything to do with the website...another mob has bought the shop and these are the prices we have to go by". False advertising!
Bye bye Masters. Never again. Went by the big green shed on the way home, spent $131 and saved about fifty.

[FenceFurniture]

Len, that's actionable. Fair Trading and/or ACCC don't give a toss who owns the stock. If they say it's 10% off then that will apply to the advertised web prices, regardless of what some guy in the store thinks. Otherwise shut down the website completely, not just partially as they have done.

Agree that the sale is not what it should be, given how much stock they have to move. Discounts will become bigger as the weeks go on. There are many who are disgruntled at this so-called firesale, and they are not parting with their readies as a result. See the other thread, "Masters no more".

[Sawdust Maker]

put a complaint into the ACCC - they can't do anything about this sort of thing if they aren't told about it

https://www.accc.gov.au/consumers/co...umer-complaint

[China]

I would not bother with the ACCC by the time they begin any action the company will have been wound down and no entity left to face the music, just protest with your feet and walk away