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FORUMS Marketplace & Market Info Market Watch 
Thread started 17 Mar 2011 (Thursday) 19:35
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WTH is going on with B&H?

 
HyperYagami
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Mar 17, 2011 19:35 |  #1

Looks like everyone's darling B&H has raised the price of a bunch of lens while no one else has. For example:

EF 17-40mm f/4L USM: $797 to $829.95
EF 35mm f/1.4L USM: $1405 to $1459.95
EF 50mm f/1.2L: $1540.00 to $1569.95
EF 85mm f/1.2L II USM: $2089 to $2139.95

I'm patiently waiting for the B&H royalities to come up reasons to defend this.



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Todd ­ Lambert
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Mar 17, 2011 19:43 |  #2

Is there a law or rule that says a company can't raise it's prices?

I'm not defending B&H as much as I'm defending small business owners rights.

It sucks that prices have gone up, but you got to imagine that with potential shortages of product coming, they might need to recoup income somehow.




  
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moeronn
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Mar 17, 2011 19:44 |  #3

Give it some time. I'm sure all the other stores will be doing the same shortly.

And if you don't like their prices, shop somewhere else. While I like B&H and have spend some $$ there, they are not the only (r)etailer I use.


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dgsphoto
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Mar 17, 2011 19:51 |  #4

I think higher prices are going to be a reality for the next few months to come due to the situation in Japan.

I believe it will be at least 2 to 3 quarters before we see the supply situation changing for the better depending how strong of a business continuity plan the manufacturers have.

The other side of the coin though is the $ would be valued better against the Japanese currency possibly dropping the prices eventually when the supply situation gets better.




  
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Mark1
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Mar 17, 2011 20:03 |  #5

WOW imagine that... stores raising prices!!!! Whats next? I bet they will be doing that to gas soon as well!!


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fibrepunk
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Mar 17, 2011 21:30 |  #6

Don't forget.... WTH is going on with all your local supermarkets! How come everything seems to be more expensive lately! Now only if I can just skip eating, I can save a lot to buy camera equipments...


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shoturtle
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Mar 17, 2011 21:31 |  #7

super high yen, low supplies with the quack. All add to higher prices. Law of supply and demand and economics.


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DiMAn0684
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Mar 17, 2011 21:34 as a reply to  @ shoturtle's post |  #8

oh, so my Econ 101 professor was right....


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bps
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Mar 17, 2011 21:39 |  #9

Yawn.

Big deal. Buy your lens at another reputable dealer if it's cheaper.

Carry on. Nothing else to see here...


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yendikeno
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Mar 17, 2011 21:49 |  #10

bps wrote in post #12041338 (external link)
Yawn.

Big deal. Buy your lens at another reputable dealer if it's cheaper.

Carry on. Nothing else to see here...

Exactly.


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spotz04
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Mar 17, 2011 22:05 |  #11

dgsphoto wrote in post #12040770 (external link)
I think higher prices are going to be a reality for the next few months to come due to the situation in Japan.

I believe it will be at least 2 to 3 quarters before we see the supply situation changing for the better depending how strong of a business continuity plan the manufacturers have.

The other side of the coin though is the $ would be valued better against the Japanese currency possibly dropping the prices eventually when the supply situation gets better.

In a rare move today intervention between seven nations central banks is already in play to try to keep the yen from flying to the Moon so that should cause some easing. The last time a coordinated intervention like this happened was in 2000.

Maybe B&H hasn't read the news today and is worried about the cost to restock their inventory. Or maybe they are aware and decided to throw caution to the wind with their loyal customers. Throw a dart.




  
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dgsphoto
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Mar 17, 2011 23:16 |  #12

spotz04 wrote in post #12041489 (external link)
try to keep the yen from flying to the Moon so that should cause some easing.

Quoting from an AP article:
Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week's earthquake and tsunami.

What I fail to understand is why did the Japanese Yen get stronger against USD after the disaster to the extent that an intervention was needed.

The higher prices at stores would probably help offset future lower sales due to strained inventory. Not a good sign. I wish Canon/Nikon would be a bit more transparent. I think Japanese car prices would probably go up too!




  
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DiMAn0684
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Mar 17, 2011 23:22 |  #13

dgsphoto wrote in post #12041814 (external link)
What I fail to understand is why did the Japanese Yen get stronger against USD after the disaster to the extent that an intervention was needed.

The supply-demand principle observed with B&H applies here as well. Japanese companies are expected to move parts of their foreign holdings to Japan, thus increasing demand for Japanese Yen.


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Asterisk
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Mar 17, 2011 23:38 |  #14

Much more than just those few lenses, it looks like a price increase across the board. There's a rather long list: http://www.canonpricew​atch.com/price-changes/ (external link)




  
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K6AZ
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Mar 17, 2011 23:44 |  #15

Give the rest of the retailers time to catch up. I'm sure Adorama and Amazon will by noon tomorrow.


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WTH is going on with B&H?
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