Originally Posted by
maecece
I was always loyal to my LQS but last week I went in for a yard of some fabric I like and am buying every color a yard at a time and she had raised to price on it by $2 a yard and it wasn't just the new bolts but on all of them. I think this was a little unfair and I won't be buying any more of that fabric.
How a store prices inventory is determined by what method they use for their accounting/taxes. So, when wholesale prices go up, the retail prices are adjusted accordingly. They either use the retail price or wholesale price method when counting their inventory at years' end. once a retailer decides what method they will use, they have to stick with it. Can you imagine the nightmare of have the same fabric on your sales floor..at different retail prices based upon their "cost" at the time of purchase?
No, I am not an accountant but I learned this in my college accounting courses way back when.
sandy