Harbor Freight tools that DO suck

[5030]

Could be the end of HF............

 

[crazyal]

I'm sure they are feeling the impact of the tariffs (and using that to make some extra money). I know some people who flock to the store and others who refuse to even stop in the parking lot. For me it's a do a little research first and then decide.

 

[5030]

I'm sure they are feeling the impact of the tariffs (and using that to make some extra money). I know some people who flock to the store and others who refuse to even stop in the parking lot. For me it's a do a little research first and then decide.

I'm 100% certain the China tariffs are impacting HF adversely. Between that and supply chain disruptions caused by the Wuhan Flu, I bet things are major screwed up.

I know it is for sure. I waited 2 months to get my Autel EVO drone. Autel is based here but their drones are built in China (like most electronic stuff is today).

What I'm patently curious about is how Schmid will absorb the increased cost of being a China importer and still be competitive in an extremely cost driven marketplace.

There is a definite tipping point and when HF exceeds that, they are for all intents done.

I have not been to a store in a while as I don't need anything but.. My monthly flyers have stopped as well as my 'Inside Track' deals and no 20% off or anything coupons.

Something is going on in Camarillo, what exactly it is, only Schmid knows for sure.

I do know their 'quality tools for less' is about to change and change drastically.

 

[kevin37b]

Born to ***** . Amazing .

 

[California]

I don't think HF is in trouble. Reduced sales and supply problems, of course. But look at their markups: Smidt is worth some $3~4 BILLION personally. Based on sales recently in the $5 billion range. And he's a big spender - houses, yacht accompanied by a smaller tender yacht, and substantial charitable giving.

The one thing that could hurt them is Smidt is operating like a modern corporate raider, taking on all the debt that the corporation can carry in order to pay out enormous dividends to him as the only stockolder. So they might get in trouble if revenue can't carry so much debt.

My guess is HF will continue as usual.

 

[Diggin It]

My monthly flyers have stopped as well as my 'Inside Track' deals and no 20% off or anything coupons.

Lots of % off coupons here: Harbor Freight Tools Coupon Database - pct coupons, freebies, free with purchase, free tools, free stuff, inside track club coupons

One of the emails they sent out in the last couple of months said there would be no more printed catalogs mailed. It would all be available in digital format though. Not sure if that's temporary or permanent, but I'm OK with less junk mail.

 

[5030]

Lots of % off coupons here: Harbor Freight Tools Coupon Database - pct coupons, freebies, free with purchase, free tools, free stuff, inside track club coupons

One of the emails they sent out in the last couple of months said there would be no more printed catalogs mailed. It would all be available in digital format though. Not sure if that's temporary or permanent, but I'm OK with less junk mail.

I use the flyers to start my chunk charcoal when I grill outside...

 

[Diggin It]

Not sure if this is a Do or Don't but .....


I’ve got some really exciting news to share with you—the new Harbor Freight Credit Card is here. And I’m proud to say that this card is not only one of the best values in tools, it’s one of the best and most valuable tools Harbor Freight has ever offered.
That’s because we created it with you in mind. We know you come to Harbor Freight for value, and we made sure to create a credit card that offers exactly that. No annual feeϮϮ. 10% off* your entire first purchase when you open an account—with no exclusions—and that’s on top of any coupons that apply. And you’ll get 5% back in Harbor Freight Money** on all future purchases.
Or—and this is big—you can choose 0% interest with equal monthly paymentsϮ on any purchase of $299 or more. You can come in, outfit your entire workshop and you’ll get true 0% interest promotional financing. That’s the technical language, but let me put it in plain English: You simply pay equal monthly payments on the 0% Interest purchase price with no added interest. Ever.
We’ve spent over 40 years bringing hardworking folks like you the quality tools you need at a value you can’t beat. The Harbor Freight Credit Card gives you even more value—a great way to purchase the tools and equipment you need and you get to choose the credit offer that’s best for you.
You can read more about the card here, and apply in your local store. Am I excited? You bet. I think you will be too. Discover a whole new level of value at Harbor Freight and apply now.


Eric Smidt

 

[lilranch2001]

:drink:

 

[lilranch2001]

:cool2: