Originally posted by Ikarus The thing is, though - for making yourself believe that the trend towards people buying photography gear through high-volume, low-margin online outfits, while B&M stores are going extinct, is reversible, you've gotta be smoking some really good stuff.
This. It isn't just a US phenomenon either. Even in the UK (which also got a price increase, though not on the comical levels of the US one), the 20th century business model of an expensive 'high street' store with a small range of stock is dying out. Game has just gone into administration (a form of what would be called 'bankruptcy protection' in the US) - a company that had six stores in my nearest city. Jessops, our only remaining chain of photographic stores, has had several attempts at going out of business and will probably succeed one of these days.
This, you should bear in mind, is in a country with a much higher population density than the US (ie more people over here are likely to live within driving distance of a city big enough to have a camera store). This new move from Ricoh -
unless it is a temporary stock-maintenance one - seems to have 'bet the farm' on people returning to these out-of-date, overpriced stores rather than buying into whatever system is the best value on Adorama/B&H/Amazon/etc.
EDIT: Should add that, with the EU actually having functioning laws against price-fixing, Ricoh/Pentax seem to have achieved their price hikes over here by increasing the wholesale price to dealers rather than by 'unilateral' pricing. Certainly the price hikes appeared first at SRS (who sell the most Pentax gear, and probably therefore ran out of 'old price stock' first), rather than being simultaneous at all dealers.