Collapse In Vending Machine Revenue [Consumer] - MarketTicker Forums


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User Info	Collapse In Vending Machine Revenue in forum [Consumer]
Briar Posts: 5395 Incept: 2008-02-07 Palm Springs, CA	http://www.businessinsider.com/there-has.... I thought this was kind of interesting. Quote: Vending machine industry revenue plunged to a 10-year low in 2011, according to a new industry report. The industry generated only $18.96 billion in sales, down from a peak of $23.21 billion in 2007. This is a stunning indicator of how bad things have gotten. Read more: http://www.businessinsider.com/there-has.... ---------- Religion is what keeps the poor from murdering the rich. Napoleon 2012-07-02 19:46:06 Permalink
Markgoldman Posts: 1241 Incept: 2009-01-13 Canuckistan	They just need to be re-jigged for SNAP cards. ---------- Consent Withdrawn. 2012-07-02 20:45:42 Permalink
Eighty6thebs Posts: 4183 Incept: 2007-06-26 It's contained to sub-prime!	In process Mark. I know at least one leading company that is rushing cashless payment technology to vending machines to try and offset this drop in revenue, I honestly think much of the issue is cash. I just never carry cash anymore and want to pay by credit card or some fancy NFC solution. ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-07-02 21:11:19 Permalink
Arpwatch Posts: 3051 Incept: 2009-11-06	We started our own non-profit snack shack at work. The vending company just kept ratcheting up the prices. I'm not paying a dollar fifty for ***ing five chips. 2012-07-02 21:35:55 Permalink*
Chastrader Posts: 392 Incept: 2007-12-01 Fort Worth, TX.	Eighty6thebs said: Quote: I honestly think much of the issue is cash. I just never carry cash anymore and want to pay by credit card or some fancy NFC solution. Same here. Ever since everyone started taking debit and plastic I almost never have cash on me. I don't even use checks anymore. In fact, I hate it when some old person pulls out there checkbook while in line at a store. It seems like it takes them forever to pay! ---------- Every country has the government it deserves. - Joseph de Maistre 2012-07-02 21:50:37 Permalink
Genesis Posts: 130747 Incept: 2007-06-26	The prices in the machines have gotten ridiculous. I refuse to pay. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-07-02 23:50:40 Permalink
Kwerk Posts: 908 Incept: 2009-03-02 Banned	I saw a ******n ipad vending machine somewhere, cant remember where it was exactly. I think it was schiphol airport. Wonder how that is going lol. 2012-07-03 00:04:31 Permalink*
Resistance Posts: 6162 Incept: 2008-09-26 Banned	ATL ---------- "Why must political experiments always be in the direction of more government? Why not give the free market a county or even a state or two, and see what it can accomplish?"Murray Rothbard - The Fallacy of the Public Sector 2012-07-03 00:24:34 Permalink
Craneto Posts: 63 Incept: 2011-07-15	Quote: I just never carry cash anymore and want to pay by credit card or some fancy NFC solution. Feeding the pigmen. 2012-07-03 12:24:30 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Quote: The prices in the machines have gotten ridiculous. I refuse to pay. And they are so small it is laughable. We have .7 ounce bags of chips in ours! ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-07-03 12:29:02 Permalink
Swingtrader Posts: 9108 Incept: 2007-08-12 United Oligarchic Goldman Sachs States of America	well, extremely rare for me to use vending machines. Even so, if they start taking plastic, I think it will pull their numbers up. Wanna bet they will eventually take SNAP? .7 oz of chips? What a crock. ---------- Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do! 2012-07-03 12:36:17 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	I know a guy in he vending business. He is getting crushed. The costs are going way up and he cannot pass enough on to the consumer. The amount of money he makes for the work and risk of owning his own business is truly sad. 2012-07-03 12:59:15 Permalink
Asimov Posts: 104013 Incept: 2007-08-26 East Tennessee Eastern Time	Same here. Prices are ridiculous. Sorry for people trying to do that for a living, but when you pay more for a CAN of soda out of a machine that's sitting outside a store where you can pay LESS for a 2 liter of the same drink... Well. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-07-03 15:32:38 Permalink
Ckaminski Posts: 1578 Incept: 2011-04-08	Marketbasket near me just had a sale this weekend, 2 12 packs for $5. That works out to $.20/can, roughly? 2012-07-03 15:41:00 Permalink
Asimov Posts: 104013 Incept: 2007-08-26 East Tennessee Eastern Time	Ck: Yea, if you own your own machine, that's how you stock them. :P ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-07-03 15:42:20 Permalink
Steelpiston71 Posts: 4859 Incept: 2007-09-05 Michigan	"We started our own non-profit snack shack at work. The vending company just kept ratcheting up the prices. I'm not paying a dollar fifty for ***ing five chips." We started the same a few years ago and thanks to the zeal of our sams's club member, we have quite the collection at a fraction of the price! ---------- "We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC. 2012-07-03 16:26:26 Permalink*
Lk Posts: 13185 Incept: 2008-03-13 DC - VA	Kwerk, yes Schipol... was there 7/3 Looked like art, frankly 2012-07-11 13:10:10 Permalink
Ckaminski Posts: 1578 Incept: 2011-04-08	It's because they're idiots as well. Two or three items always sell out, but they never stock any extra. Some items haVe probably been in there since the machine was first stocked. For ***s sake, the soda machine is still spitting out the white Christmas cans of Coca cola! 2012-07-11 22:59:52 Permalink*