Any thoughts on Thompson's merger with Cigarbid?
- Thread starter Boudie
- Start date
ChuckMejia
The General
Who?
"the industry’s two premier cigar auction sites will combine under the CigarBid brand to deliver one world-class cigar auction destination. This merge will improve your cigar bidding experience immediately and allow us to remain the best possible cigar auction site for decades to come."
"We are confident that this merge with CigarBid will bring you more of the products you love along with new, exciting bidding features and specials. Please note that our main Thompson Cigar site will remain unchanged."
I'm guessing CI buys companies and keeps their storefront? Combined the auction sites because it wasn't generating enough revenue to stand alone?
"We are confident that this merge with CigarBid will bring you more of the products you love along with new, exciting bidding features and specials. Please note that our main Thompson Cigar site will remain unchanged."
I'm guessing CI buys companies and keeps their storefront? Combined the auction sites because it wasn't generating enough revenue to stand alone?
I would think cigar bid would make a killing
Nothing says "premier" like a box of Ron Mexicos.
Just one?
irratebass
www.blindmanspuff.com
Baller
- Joined
- Dec 25, 2019
- Messages
- 26
I hope that cbid will expand product selection similar to what Thompson had. Thompson has some products that Cbid doesn't, and quite frankly cbid's selection is getting pretty stale. I would love to see some higher end products start at $1 but that seems like a pipe dream due to the MAPS required by manufacturers now. All in all I felt that thompson auction wasn't even in ththe same league as cbid let alone a "competitor".
Glassman
Glass Gars Guns Garden
Maybe it’ll be one less!!
- Joined
- Dec 25, 2019
- Messages
- 26
Will they still have to adhere to the MAPS? Because if so it will mean nothing if they are acquired.
#noted
Fulfillment changed a while ago, but if you live in California, you now have to upload a photo ID due to CA law. Boo I guess. I read the law, it's age driven, there's no communication back for tax records. Yet.
The preceding is an annoying FYI.
All in all consolidation is bad for consumers, so I don't care for it. But what do I know, I'm just a business owner and a consumer.
The preceding is an annoying FYI.
All in all consolidation is bad for consumers, so I don't care for it. But what do I know, I'm just a business owner and a consumer.
Thompson’s was a retailer
Cbid/cigars international is part of the STG group (aka owners of general cigar)
You see those brands pushed cause they own them; like it was said in another part of BOTL earlier in the week in regards to manufacturers pricing by hosh (retailer) most times he could buy those brands on cbid cheaper than he could purchase as a retailer. If they produce/ own the brands and cut out the middle man they make 50% (estimate/keystone) on prices that are cheaper than retailers cost. Great strategy.
I doubt you will see premium brands popping up at volume discounts just because they purchased Thompson’s. They took a competitor out of business and gained inventory for the retail stores that sell the premium stuff. Online sales will more than likely continue to be the same.
Even when they have Fuente/Padron/etc brands you are able to come close to the price listed or beat it (free fall for example) with a different retailer with a coupon (20ish% off)
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Cbid/cigars international is part of the STG group (aka owners of general cigar)
You see those brands pushed cause they own them; like it was said in another part of BOTL earlier in the week in regards to manufacturers pricing by hosh (retailer) most times he could buy those brands on cbid cheaper than he could purchase as a retailer. If they produce/ own the brands and cut out the middle man they make 50% (estimate/keystone) on prices that are cheaper than retailers cost. Great strategy.
I doubt you will see premium brands popping up at volume discounts just because they purchased Thompson’s. They took a competitor out of business and gained inventory for the retail stores that sell the premium stuff. Online sales will more than likely continue to be the same.
Even when they have Fuente/Padron/etc brands you are able to come close to the price listed or beat it (free fall for example) with a different retailer with a coupon (20ish% off)
Sent from my iPhone using Tapatalk