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The market has certainly changed, wholesalers need to recognise that we shop globally, gone are the days when they argued that they carried risk with big inventories, with airfreight so fast they've just become forwarders really.
When i can get goods faster from the US than Victoria something's wrong. On your point spook, have you noticed deliveries have slowed from O/S? I'm guessing that Auspost et al are struggling with the volume.
It pi55es me off though to get a sale that i've gotta chop my margin to a few % when I know what wholesalers are paying.....try about $2 for a golf club iron head, with a recommended retail price of $50.
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