Originally Posted by bearisgray
So - in order to buy new inventory - the old/existing inventory has to be priced high enough in order to pay for the cost of the new inventory?
:thumbup: :thumbup:
Yes. Whenever you are selling inventory that you plan on restocking (either the specific item or the general class it belongs to), you need to price it at an amount that will allow you to replace the inventory.
Think about rising quilt store costs like your insurance. If you needed to use your homeowner's insurance because your 40 year-old house was badly damaged in a storm, would you want the insurance to cover the amount you paid for it at time of purchase (40 years ago) or the amount that it now costs to repair the damage?