Magnolia at best buy phasing out - AVS Forum
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post #1 of 70 Old 08-12-2014, 05:02 PM - Thread Starter
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Magnolia at best buy phasing out

The one at pembrook pines is liquidating all of its stock. Mostly all demos, but good deals to be had on Martin Logan and bowers and wilkins etc. mostly everything is 30-50% off.

Bad news is that they won't ship it. I drove 2 hours and it was well worth my time.

If I can help anyone with anything, let me know.
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post #2 of 70 Old 08-13-2014, 09:00 AM
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Quote:
Originally Posted by M962b View Post
The one at pembrook pines is liquidating all of its stock. Mostly all demos, but good deals to be had on Martin Logan and bowers and wilkins etc. mostly everything is 30-50% off.

Bad news is that they won't ship it. I drove 2 hours and it was well worth my time.

If I can help anyone with anything, let me know.
I see no news releases or stories on Magnolia being phased out .. is this just at your local store, or nationwide?

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post #3 of 70 Old 08-13-2014, 03:19 PM
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Any motion 4s? Or subwoofers from Martin Logan?
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post #4 of 70 Old 08-13-2014, 07:00 PM
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They remodeled the Magnolia at my Best Buy a couple years ago. Ended up with a Yamaha Aventage 1010 for 300$. I always keep my eyes open when they are changing things up. Ask a manager if you can, they have some leeway in pricing.
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post #5 of 70 Old 08-14-2014, 08:59 AM
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So this is not across the board? I'm not a huge BB fan, but kinda like the Magnolia part. A lot of my gear came from there.
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post #6 of 70 Old 08-14-2014, 10:09 AM
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Not sure would like to know myself
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post #7 of 70 Old 08-15-2014, 03:31 PM
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OK, so here's the deal. I went to the Pembroke Pines store and talked to one of the guys that works in that section.

Magnolia isn't necessarily being phased out. Some of the more prominent stores are getting a refurbishment and changing to be a "Magnolia Design Center."

So they're trying to clear out all their old stock and bring in what the guy said was, "Higher End stuff."

I looked around but didn't see too many good deals. For instance, an open box/demo Denon 4520 was $1500.

A lot of the stuff they had were 2 or 3 year old models selling for what you can find used elsewhere with out paying taxes.

The guy said they were "blowout" prices, I don't agree. YMMV.
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post #8 of 70 Old 08-16-2014, 02:08 AM
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^^The deals get better depending on how far into the construction/refurbishment the store is. Generally new in box product will be transferred to other, still-open stores.

The "high end stuff" the guy spoke of refers to a Design Center's focus on higher-end product lines not carried by a regular Best Buy or Magnolia (e.g. Sonus Faber, B&W Diamond, REL, McIntosh, Rotel, Arcam, Oppo). They also focus on automation/integration products (Control4, Savant, Kaleidescape, Lutron, etc.).

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post #9 of 70 Old 08-16-2014, 07:19 AM
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Quote:
Originally Posted by fatuglyguy View Post
^^The deals get better depending on how far into the construction/refurbishment the store is. Generally new in box product will be transferred to other, still-open stores.

The "high end stuff" the guy spoke of refers to a Design Center's focus on higher-end product lines not carried by a regular Best Buy or Magnolia (e.g. Sonus Faber, B&W Diamond, REL, McIntosh, Rotel, Arcam, Oppo). They also focus on automation/integration products (Control4, Savant, Kaleidescape, Lutron, etc.).
they also have a different price structure...ie..MSRP for the most part on all of their gear

Warren

Rm 1 Samsung 64F8500 Marantz 8801 prepro Sherbourn 5/1500A amp B&W CM10s..CM2 center...CM5's.rears
Rm 2 LG 47LE8500 Denon 4520 Celestion 305 speaker system
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Rm 4 Panasonic 50ST50 Onkyo 906 Mirage Omni sat speaker system
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post #10 of 70 Old 08-16-2014, 07:20 AM
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Quote:
Originally Posted by biliam1982 View Post
I looked around but didn't see too many good deals. For instance, an open box/demo Denon 4520 was $1500.


The guy said they were "blowout" prices, I don't agree. YMMV.
my local Magnolia has the Denon 4520 new in box for $1599.00...

Warren

Rm 1 Samsung 64F8500 Marantz 8801 prepro Sherbourn 5/1500A amp B&W CM10s..CM2 center...CM5's.rears
Rm 2 LG 47LE8500 Denon 4520 Celestion 305 speaker system
Rm 3 Samsung 51E8000 Yamaha A2010 Kef 2005.2 speaker system
Rm 4 Panasonic 50ST50 Onkyo 906 Mirage Omni sat speaker system
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post #11 of 70 Old 08-16-2014, 08:23 AM
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I also went to Pembroke Pines store with a buddy of mine. We asked for a manager on duty and got some great deals:

Denon 4520CI: Demo. No box, but remote, Mic and power cord only. $ 800.00- Sold already on Craigslist for $ 1100.00
Pioneer Elite SC-82: Demo. No box, but remote, Mic and power cord only. $ 525.00- Gave to my nephew for his new house.
Denon X4000: Demo. All accessories except box $ 525.00- My friend kept for himself.

I was there 3 nights ago. There are good deals to be made, just ask for the manager and haggle a bit.

I may go back and get the last Denon 4520Ci they have and flip it again. Easy money. I paid cash so the new owner can have paperwork and can return if something goes wrong.

Also FYI, I am a business account so I am also tax exempt.
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Last edited by blackssr; 08-16-2014 at 11:49 AM.
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post #12 of 70 Old 08-16-2014, 12:58 PM
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^^^
Wow. Excellent prices!
Way to go.

Receiver: Denon AVR-4520CISpeakers:Fronts: Polk Rti A7 /Center: Polk csiA6 /Surrounds: Polk Fxi A6SUB: Rythmik LV12R X2Source: Pioneer BDP62FDDisplay:Panasonic TC P50S60[/SIZE]
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post #13 of 70 Old 08-16-2014, 06:49 PM
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Quote:
Originally Posted by blackssr View Post
I also went to Pembroke Pines store with a buddy of mine. We asked for a manager on duty and got some great deals:

Denon 4520CI: Demo. No box, but remote, Mic and power cord only. $ 800.00- Sold already on Craigslist for $ 1100.00
Pioneer Elite SC-82: Demo. No box, but remote, Mic and power cord only. $ 525.00- Gave to my nephew for his new house.
Denon X4000: Demo. All accessories except box $ 525.00- My friend kept for himself.

I was there 3 nights ago. There are good deals to be made, just ask for the manager and haggle a bit.

I may go back and get the last Denon 4520Ci they have and flip it again. Easy money. I paid cash so the new owner can have paperwork and can return if something goes wrong.

Also FYI, I am a business account so I am also tax exempt.
How much for the 4520???
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post #14 of 70 Old 08-16-2014, 06:50 PM
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How much

How much for 4520 ci??
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post #15 of 70 Old 08-17-2014, 01:13 PM
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Quote:
Originally Posted by blackssr View Post
Denon 4520CI: Demo. No box, but remote, Mic and power cord only. $ 800.00- Sold already on Craigslist for $ 1100.00
...
I paid cash
...
Also FYI, I am a business account so I am also tax exempt.
It is probably not a good idea to admit to tax fraud in public.

That is, unless you paid sales tax when you resold it which wouldn't have been very smart since the tax on $1100 is more than the tax on $800.
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post #16 of 70 Old 08-17-2014, 09:28 PM
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It is probably not a good idea to admit to tax fraud in public.

That is, unless you paid sales tax when you resold it which wouldn't have been very smart since the tax on $1100 is more than the tax on $800.
Sorry to disappoint you there Wyatt Earp Totally legit business transaction. My business is IT, PC & CE sales and service. The cash receipt from Best Buy is for end user Denon warranty. Next time please do not assume anything or at least keep your assumptions to yourself.
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post #17 of 70 Old 08-18-2014, 03:07 PM
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Anyone in Northern VA area seen these kinds of deals at any of the local Best Buys??

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Last edited by Skrill; 08-18-2014 at 03:20 PM.
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post #18 of 70 Old 08-19-2014, 12:08 AM
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Quote:
Originally Posted by blackssr View Post
Sorry to disappoint you there Wyatt Earp Totally legit business transaction. My business is IT, PC & CE sales and service. The cash receipt from Best Buy is for end user Denon warranty. Next time please do not assume anything or at least keep your assumptions to yourself.
That sounds like a non-denial denial.
Just so it's clear.
Did you collect sales tax on the craigslist sale?
And if so, why would you do that?
Because ~6.5% sales tax on $1100 is more than ~6.5% sales tax on $800, so that would be throwing away money.
It would be cheaper to pay the 6.5% on $800 as a personal-use purchase and then resell it on craigslist as a personal sale without any tax due.

I just want to make sure there are no assumptions here since you are the one who brought up the sales tax exemption.

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post #19 of 70 Old 08-19-2014, 06:26 AM
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Quote:
Originally Posted by JerryW View Post
That sounds like a non-denial denial.
Just so it's clear.
Did you collect sales tax on the craigslist sale?
And if so, why would you do that?
Because ~6.5% sales tax on $1100 is more than ~6.5% sales tax on $800, so that would be throwing away money.
It would be cheaper to pay the 6.5% on $800 as a personal-use purchase and then resell it on craigslist as a personal sale without any tax due.

I just want to make sure there are no assumptions here since you are the one who brought up the sales tax exemption.
It is quite obvious you must work for someone else verses being in your own business. Let me educate you as to the way it works:
The goal of any business is to make money. You buy product at a discount and resell for a profit. You purchase tax exempt as a re seller. The End User pays the sales tax at the time of purchase. It is that simple.

Now lets get this discussion back on topic.

Last edited by blackssr; 08-19-2014 at 08:28 AM.
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post #20 of 70 Old 08-19-2014, 06:37 AM
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Quote:
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Anyone in Northern VA area seen these kinds of deals at any of the local Best Buys??
Best Buy is remodeling quite a few on their stores that have Magnolia department. They need to clear out the inventory. You need to call and ask if any stores have started this yet in your area. I spoke to the manager at my local store as was told the West Palm Beach store is next. This is when they need to dump all products in Magnolia in order to make way for the renovation. The goal is to make Magnolia more high end.

With regard to deals of 50-60% off list price:
Ask for a better price and speak to the Manager. They will take most offers because the merchandise must go in order to complete the upgrade. This is not nationwide but quite a few stores are being renovated. It is the luck of the draw if a store near you is on the upgrade list.

Hope this helps.

The store in Pembroke Pines has the Sammy TV (UN85HU8550FXZA) for $ 9999.99. I offered $ 5000.00. It is demo. No box Remote only. I was told if it doesn't sell by Sunday August 31, 2014 I can purchase at that price but would have to pay for delivery.

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post #21 of 70 Old 08-19-2014, 07:05 AM
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Any chance you can check to see of they have any Martin Logan fx speakers? Or Martin Logan bookshelf?

Or any Martin Logan products at all they are discounting ?
Please
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post #22 of 70 Old 08-19-2014, 08:32 AM
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Any chance you can check to see of they have any Martin Logan fx speakers? Or Martin Logan bookshelf?

Or any Martin Logan products at all they are discounting ?
Please

http://stores.bestbuy.com/559/clearance/

Some items are not listed. But this should give you an idea of what is left. It is 100 mile round trip for me. I may try to go Sunday again. I will look at what speakers are there for you and get back with PM.
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post #23 of 70 Old 08-19-2014, 08:48 AM
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they do have some motion 4.s can you see what you can get them for?
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post #24 of 70 Old 08-19-2014, 08:55 AM
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And they have some motion fx he said 6 days until destruction that's all that they have left os you have to get there by then if you guys want anymore deals
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post #25 of 70 Old 08-19-2014, 09:04 AM
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The store rep is about to call me back and let me know if thy have the items
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post #26 of 70 Old 08-19-2014, 09:25 AM
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Ok he called back with some prices... Not that good of prices on the martin logan products kind of like what you would get from other dealers.


He did have a some motion 4's He wanted 154 a piece. Which is not to bad but not what I am willing to pay..


But if you do plan on still going out there let me know. Like I said there is 6 days left he said after that destruction begins of the room.
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post #27 of 70 Old 08-19-2014, 11:15 AM
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Called a few local stores out in the DFW area out of curiosity. None of them are doing anything like this, so I'm wondering if this is a regional thing or something that will slowly become nationwide.

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post #28 of 70 Old 08-19-2014, 11:19 AM
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Ya I bet they starting one by one or only doing the ones with the most business
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post #29 of 70 Old 08-19-2014, 06:03 PM
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Quote:
Originally Posted by blackssr View Post
It is quite obvious you must work for someone else verses being in your own business.
I grew up working in the family business, including operating the register as a kid and then the back office as a teen. I've been working for myself for nearly 20 years now. I understand how resale works as well as how people generally use craigslist. Hence my doubt that you followed the law and my post to caution others not to do the same.

Quote:
You purchase tax exempt as a re seller. The End User pays the sales tax at the time of purchase. It is that simple.
Please answer the question directly.
Did you collect sales tax on the craiglist sale of the denon 4520 you purchased from Best Buy?
A simple yes or no on the record will be sufficient.

Quote:
Now lets get this discussion back on topic.
Your dancing around the subject has probably convinced everyone reading along to make up their mind already.

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post #30 of 70 Old 08-19-2014, 11:25 PM
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Quote:
Originally Posted by JerryW View Post
I grew up working in the family business, including operating the register as a kid and then the back office as a teen. I've been working for myself for nearly 20 years now. I understand how resale works as well as how people generally use craigslist. Hence my doubt that you followed the law and my post to caution others not to do the same.



Please answer the question directly.
Did you collect sales tax on the craiglist sale of the denon 4520 you purchased from Best Buy?
A simple yes or no on the record will be sufficient.



Your dancing around the subject has probably convinced everyone reading along to make up their mind already.
Not that it is any of your business, but since you insist on polluting this thread with off topic nonsense. It is quite evident that no one but you even cares. Craigslist/eBay are great ways to bring people into my business. He paid sales tax as do everyone who purchase from me. Craigslist is free advertising and most buyers feel very comfortable buying from a brick and mortar business as opposed to a guy selling out of his trunk on a street corner. I am not a Denon authorized dealer and am always up front about that. That is the reason for the cash receipt because Best Buy is and the end user can get warranty service without hassle.
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