Originally Posted by mzsooz
I would like to address the sale and clearance prices on our fabrics. When you see these fabrics on the clearance table and are marked down considerably just remember this.....they are probably selling those fabrics at BELOW their own cost. And when you see the 20% or so discounts they are probably selling their fabrics AT COST. That means NO PROFIT. They are counting on you coming in for those discounted items and being impulsive and buying other regularly priced items. They used to call these "loss leaders". Not sure if that term is still used but I know this practice is quite common.
I always stopped at all the Alco stores in Idaho and Wyoming when traveling. Was I ever disappointed to find they had discontinued their fabric departments. Wonder if next time I travel through that enough people will have complained that they have brought it back. Sure hope so.
My brother worked at Kmart and he told me they would have a huge sale on a camera that was well below Kmart's cost just to get you in the door. Of course if it is like most kmarts you would have to get a rain check on it! :lol: :lol:
LOSS leaders are still being used. Often manufacturers like MODA, will have a certain LOSER line they know will bring buyers into the shops, and then of course you can't find all of that line, so the shop has to steer you to OTHER lines to fill your gaps...amazing how those OTHER lines blends so well....hehehe
You are going to see the return of FLAT folds, RK goods, etc at places like Hancock fabrics and Joanns...I remember when Joanns bought out fabric world...those flat folds were our staples....but Joanns did away with them...I still have some of that GOOD cotton fabric..ehhehe
now a days you can buy them from Troy, and other "mercantile" named fabric warehouses...they are just the OLD lines that used to end up at Walmart, Alco, TG&Y, etc...not necessarily lesser quality, just ones that did not sell from the distributors warehouses, so they sold them out to the buyers for these stores.