“Demand led” means less stock?

obviously less demand , especially for TVs.

A replacement for the V1 would have been good perhaps?

Imagine our collective shock.....

Sandyb wrote:

Imagine our collective shock.....

The following quote from Reuters article:

"Bang & Olufsen Chief Executive Officer Henrik Clausen is adamant that the demand is there. Consumers bought 6 percent more B&O TV sets in the three months through February, he said. But rather than restocking to replace those sales, retailers have instead used the opportunity to pare their inventory, and cut purchases by 25 percent. 

Clausen attributed the drop-off to concerns about price competition from retailers who don’t have B&O’s stamp of approval but nonetheless offer its products, often at a discount. This unauthorized selling ultimately happens either when an approved retailer sells its inventory to a third party (which can then sell it on to consumers), or if B&O withholds approval because of discounting. Neither would be possible if the shops felt consumers wanted to buy the goods at the full price."

Simonbeo wrote:

“Demand led” means less stock?

obviously less demand , especially for TVs.

A replacement for the V1 would have been good perhaps?

 

Might be that the dealer are less interested in having the recent tv in stock, because they expect something new to come....

.....of which noone - of course - is able (or willing) to talk about.

MM

poodleboy wrote:

Sandyb wrote:

Imagine our collective shock.....

The following quote from Reuters article:

"Bang & Olufsen Chief Executive Officer Henrik Clausen is adamant that the demand is there. Consumers bought 6 percent more B&O TV sets in the three months through February, he said. But rather than restocking to replace those sales, retailers have instead used the opportunity to pare their inventory, and cut purchases by 25 percent. 

Clausen attributed the drop-off to concerns about price competition from retailers who don’t have B&O’s stamp of approval but nonetheless offer its products, often at a discount. This unauthorized selling ultimately happens either when an approved retailer sells its inventory to a third party (which can then sell it on to consumers), or if B&O withholds approval because of discounting. Neither would be possible if the shops felt consumers wanted to buy the goods at the full price."

Gee, dealers don't want to stock up on products because, just perhaps, they don't trust B&O corporate or the marketability of products. Hey guys, let's go in debt and load up on stock because...help me out here I'm getting nothing.

Clausen's opinion could be charitably called delusional, the problem is endemic issues with B&O, but let's blame it on the dealers, again.

I'm reminded of Lee's comment about it'd be better to be a naked beekeeper than a B&O dealer now.

Duels wrote:

This is an extremely poor set of quarterly results on top of the disappointing second quarter. Things have got worse not better.

 

B&O needs to tell the world what it is doing about the TV market going forwards. And it needs some new activity in high end audio.

 

Not good at all.

I think B&O should never have tried to be a player in the high end market. The traditional high enders will never accept B&O as truly high end, the BL5 was amazing and it had about zero market penetration into the "high end" world. Meanwhile, working on things like the BL90 and BL50 have consumed resources and money that could and should have been allocated elsewhere. Like on fixing software issues, or coming up with a good media server/hub. Or wifi that actually works.

B&O was never, ever about "high end" audio. What it always represented was good to very good sound, somewhat expensive, that provided the user good sound, stunning styling, and a simple, integrated system where interconnectivity and ease of use were emphasized. Ultra high end aspirations, poor reliability, buggy software, and nose bleeding prices are not helping the problems.

Don't worry, everything is fine and the future nought but shining - I've read it here loads of times!