Originally Posted by
Onebyone
Gina Pantastico, Co-founder and Director of Operations at Cloud9 Fabrics and Felicity Fabrics.
“This will be an adjustment for fabric manufacturers, but once we all get over our initial shock and surprise I think this could be a positive change for the fabric industry as a whole,” Pantastico said.
Hard to understand how it can be positive to the customer.
I don't understand what she's saying is going to be positive for the consumer. We'll pay more money for the product because labor costs are higher? We have less choice because sites close down? I can see some positives for Gina but certainly not for the consumer. I think it's just spin.
Okay, I just did a bit of skimming. She's saying it will open up new "opportunities" for independent fabric shops. It might cut down competition so there will be more market share for independent shops, but if they all have increased labor costs to deal with and we have higher prices that will also mean a shrinking market as people can't afford to buy as much (I know I can't) so a larger share of a smaller market doesn't necessarily add up to more sales or even an "opportunity" for small independent stores. I'm not sure this is very positive.