Ibime:


Na now dem go show you say you no be Rivers man, bloody immigrant

larride:

Just report the post for breaking rule 10.

BarTheKing:

Lady's and Gentlemen, this is the sewage skinny rat behaving aggressive and brutal online.

Below is Eunoiaa popularly known as Magnoliaa, the bitter sadist. .

Ibime:


Na now dem go show you say you no be Rivers man, bloody immigrant

swiz123:


They are thieves. It's only in Nigeria that our retailers FOMO without reservation just to suit their narratives. They usually buy their highest quantity when the price is the highest. When the price reduces, it takes them ages to finish selling old stock.

Many of them increase the price of their old stock when current prices increases but fail to reduce the price of the same old stock when current prices reduces.

A perfect example are those fouani thieves selling electronics at Ikeja city mall.

GloriousGbola:




been waiting for this

now is the time to kiss ibimes hairy arse and ask him to sell you his slot

User09:


At the risk of coming off as ignorant, my question would be to ask if most of these businesses run as a cartel?.

I see this complaint a lot but simple economics tells me its something that is easily solved by competitive markets.

Ideally most of these goods are price elastic. Strange that these sellers who are also meant to be feeling the impact aren't adjusting. Something is not adding up

Ballzproblem2:
bruh ibime don't count lol ,I got the info from my ikwerre friend.


usually he doesn't like to participate anytime shell shares money,but this time he said he would .


1 billion naira no be beans. ibime na kalabari man no be ikwerre man.

Amigoss:
Dem kill soldier ke,Hope they will move into yobe and level this community,no one should be spared oo...

No comments or similar outrage from our noisy neighbours, WE ALL KNOW WHAT WE'RE DOING....

larride:


Its greed and wickedness. Simple and short.

Let me give you 2 examples of this greed.

I wanted to buy Oral b toothpaste from the woman selling groceries very close to where I live, she didnt have the big one so I asked which size they had, it was the smallest so I told her to bring it. She told me the price was 650 and all I could say was Ah? For the smallest oral b? She gave all their normal excuses. That same day, I went to a supermarket around my area, I normally dont go to that supermarket because their things are expensive but I needed to get a baby item that I could only get there. I went to the toothpaste stand, saw that they are selling the same oral b I bought in the morning for 400 and that lady sold it to me 650. Just imagine the difference, and that's a supermarket that we usually say their things are expensive o.

Second one is pure water, before we were buying a bag of water at 250 per bag and retailers were selling 1 for 20 naira. On a bag, they will see a profit of 150. 2 weeks ago, pure water from company trucks were increased to 340 per bag and 70% of the people in my area (who were mostly Yorubas) started selling one pure water for 50 naira. Meaning on a bag, they will see a profit of 660. Even the company that are producing the water are not making a profit of 660 per bag. It is mostly the Abokis that are selling pure water 2 for 50 naira, which means on a bag, they make a profit of 160.

Our people are just too wicked, selfish and greedy. When I come online and see people defending these people, I just laugh and shake my head.

swiz123:


Bros, I can see you want to argue for arguing sake. Retail shops has been buying indomitable at 8900 for weeks now, but they sell it 300 per one which was the price they set it at when a carton was sold 10,500.

While i buy 8900, mama Sikiru is selling 300 per one to those who can't afford to buy the carton. So please, stop this justification, I know how retail shops do business.

Now to your question, I am certain that the same 250 litres hisense freezer I saw at Fouani with a price tag of 258,000 is the same one I saw for 391,000 when dollar got to 1,800 per naira.

Went there last week, I still saw the same freezer with the same price tag.

larride:


Its greed and wickedness. Simple and short.
This is it. I'd wanted to quote blueray before cos it seems he didn't understand swiz take on d matter, dat pure water was even sold #200-250 4rm d factory sef. Dem dey sell am for #20 per sachet nd 3 for #50, it turned to 2 for #50, now its 3 for 100h. Anoda one is coke, a pack was 2.5k-2.7k before with a gain of #900-1k, now it is #3600. More examples dey o, retailers in naija are greedy lot.dem go tell you say shey price of commodities dey ever fall once it rise? that they are running at loss cos their gain is minute sef, a lie they tell demselves cos no one venture into business not to accumulate gains . Nigerians are one of the most wicked & greediest being on earth

BarTheKing:

Lady's and Gentlemen, this is the sewage skinny rat behaving aggressive and brutal online.

Below is Eunoiaa popularly known as Magnoliaa, the bitter sadist. .

izzou:


I prefer buying fish to meat.

To chop meat now na luxury.

BarTheKing:

E no go better for your bald head papa, sarrh.

Keep sluting in the streets of Oyo, you will still be tamed unexpectedly.

BarTheKing:

Lady's and Gentlemen, this is the sewage skinny rat behaving aggressive and brutal online.

Below is Eunoiaa popularly known as Magnoliaa, the bitter sadist. .

BlueRayDick:


I'm not justifying anything . All I told u up there is that supermarkets get their supplies directly from the producer or their major distributor at ex-factory price and they sell their stock out faster cos they have people patronising them on a regular basis . So it's possible for them to have adjusted their retail price to reflect the reduction in price effected by indomie .

Retailer on the other hand buy from wholesalers who may have stock up in large quantity while the price was high and u won't see them reduce the price until the wholesaler restock at the new reduced price .

Now I'm not ruling out the possibility that some retailers may still want to cash-in on the whole thing to make exorbitant profit; but I'm only telling u that a retailer do not directly control the price as much as the suoearket does.

As regards the fouani matter , it appears we were discussing 2 different things. Somehow I missed it point on that.

izzou:
Abeg, is GTb okay? abi na my own app dey misbehave?

swiz123:


Initially, I thought you are an abrodian. If you are in Nigeria, you should know how retailers operate.

While supermarkets rely on making huge turnover daily, retail shops rely on strangling their customers and using emotional blackmail to attack them when they stop buying.

In 2022, a pack of fearless energy drink was sold 1,800 at wholesale price. Cost price was 150, so while Supermarkets sold 170 per one, retail shops sold 250 per one.

Shockingly, the wholesaler who invested millions in his business makes 20 to 30 naira profit on a pack of drink. He supplies to these retail shops hoping that those one will add a reasonable profit margin and sell off quickly so that he can supply again to them as he relies on making bulk sells to get by.

These retailers add stupid profit margin, then take ages to finish selling while the producer and wholesaler suffers.

Another example, a friend who makes and supplies duvets to his customers in Enugu told me that those retailers took ages to finish selling his duvets. He had to go there to find out what was happening. He realized that after selling to them at 12,800 per one, those thieves were selling between 26 to 28k per one.

He had to rent 2 shops in the same market, employed a sales girl and sold himself at 15k per one. They have been fighting him ever since.

This is exactly what these retailers do to producers in Nigeria and we can't progress as a nation until all of them are closed down completely to give way for organized retailing.

seankafor:

BlueRayDick:


Na who don chop belleful dey reason meat matter . Nowadays u will see full grown men buy rice 700, beans 200 and one ponmo for 100 . 1k don finish be that .

Odunharry:

And it won't be as if you ate anything.
Cooking is still better IMHO.

swiz123:


Initially, I thought you are an abrodian. If you are in Nigeria, you should know how retailers operate.

While supermarkets rely on making huge turnover daily, retail shops rely on strangling their customers and using emotional blackmail to attack them when they stop buying.

In 2022, a pack of fearless energy drink was sold 1,800 at wholesale price. Cost price was 150, so while Supermarkets sold 170 per one, retail shops sold 250 per one.

Shockingly, the wholesaler who invested millions in his business makes 20 to 30 naira profit on a pack of drink. He supplies to these retail shops hoping that those one will add a reasonable profit margin and sell off quickly so that he can supply again to them as he relies on making bulk sells to get by.

These retailers add stupid profit margin, then take ages to finish selling while the producer and wholesaler suffers.

Another example, a friend who makes and supplies duvets to his customers in Enugu told me that those retailers took ages to finish selling his duvets. He had to go there to find out what was happening. He realized that after selling to them at 12,800 per one, those thieves were selling between 26 to 28k per one.

He had to rent 2 shops in the same market, employed a sales girl and sold himself at 15k per one. They have been fighting him ever since.

This is exactly what these retailers do to producers in Nigeria and we can't progress as a nation until all of them are closed down completely to give way for organized retailing.

BlueRayDick:


I get u. Unfortunately, we are at the mercy of these retailers because there are so many spaces the organized retailing arrangement cannot reach. If u don't live in a major city in this country where u have superstores like shoprite, spar, jendol, justrite, Grocery Bazaar, Globus, Blenco, and other new ones, u will have no choice but to buy from those retailers.

I am based in Lagos and I buy from some of these retailers too when I don't have a choice due to circumstances. There's little consumer protection can do sef cos they will be spread thin to even cover one Local government.

One thing I believe is that if this reduction in naira-to-dollar exchange rate is sustained over time, the retailers, wholesalers, distributors and producers will have no choice but to lower their prices. Let's hope that happens for real

BlueRayDick:


That's the crazy stuff about the whole thing . The food is small and u are not sure of the hygienic conditions of the food processing .

Cooking at home too is now expensive when u consider the cost of cooking gas , meat and cooking ingredients . But when u think about hygiene ; cooking at home makes more sense

User09:


Well, they're also losing out given the declining sales/volumes per the bolded.

They're probably just ignorant to not see the impact on their businesses.

BlueRayDick:
Iamoyindamola abeg recommend multiple of series with links for this long holiday ahead.