I heard a lot about Dubai Shopping Festival.
What is it? Is it really interesting? Can I buy cheap things there?
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Dubaidude007 wrote:Is it me or are u barely hearing anything about the Dubai Shopping Festival this year?
Cristin wrote:How are the prices at that festival are more cheap than the rest of the year?
sage & onion wrote:Cristin wrote:How are the prices at that festival are more cheap than the rest of the year?
Most of the big stores have sales, some bargains can be found.
reviewer wrote:sage & onion wrote:Cristin wrote:How are the prices at that festival are more cheap than the rest of the year?
Most of the big stores have sales, some bargains can be found.
I agree but you need to rummage thru everything to find the real bargain. Store clerks tends to hide those bargains for them to give out to their friends or for themselves.
sage & onion wrote:reviewer wrote:sage & onion wrote:Cristin wrote:How are the prices at that festival are more cheap than the rest of the year?
Most of the big stores have sales, some bargains can be found.
I agree but you need to rummage thru everything to find the real bargain. Store clerks tends to hide those bargains for them to give out to their friends or for themselves.
You really think so?, we have had some good luck during the DSF sales, I do agree you have to look though.
Dubai Knight wrote:DSF is NOT like the winter sales in Europe!
The objective is to get you (the consumer) to THINK that there are bargains to be had (UP TO 70% off!) get you inside the store and then persuade you to part with more than you intended by giving you the opportunity to enter a prize draw...IF you spend more than 300Dhs!
Here is the equasion:
Most stores get an average number of spending customers in their stores each day throughout the year. Lets give it a number at random. 1000
Lets say, for the sake of argument, that the average per capita spend of these customers is 80 Dhs. That means the store is banking on making 80,000 Dhs per day.
However, if those spending consumers can be persuaded to enter the prize draw by spending a minimum of 300Dhs...then the store makes a staggering 300,000 per day!
The overheads do not increase
There is no additional investment in stock
Items can be priced at 299Dhs so that multiple purchases can be 'upsold'
Old, deleted or value depreciated stock can be shifted under the pretence of a discounted unit value and appear back on the books at a higher % net value than orginally entered, thereby artificially boosting the EOY figures and appeasing the shareholders/owners and providing the operational management and financial departments with undeserved pats on the back.
All the store has to do is pay a licence fee to the DSF to be able to run a promotion such as this.
The prize value is comparatively small compared to the profit gained.
Work this out also:
You may enter the daily DSF Win a 4x4 Prize draw. The cost is a minimum spend of 30Dhs in any petrol station etc. (Excluding fuel sales as they lose money on that due to the government capping of the price) Try to imagine the number of tickets handed out each day where the average spend in a petrol station store has been driven up from 8Dhs to 30 Dhs. This means that the petrol stations are making 3 times their normal profit. Equate that over the number of petrol stations in Dubai.
The 4x4's on offer are bought as a bulk sale at somewhere like 75% of their dealer price tag.
They could offer 20 4x4's each day...and still be making a profit!
On a wider scale: The DSF is a money making machine...for the DSF!
Knight
arniegang wrote:you mean like
"Tony and his Acrobatic Hampster"?
liverpool4ever wrote:So, for any people looking forward for good deals: Try to go as soon as the so-called 'sales' are announced, you might be lucky enough to find something cheap and half-decent...