BMP

I was at Joanns Friday 12/31 and there was a lady at the cutting counter that was complaining about the prices going up so much and wondered why. I was only getting some belting cut so after I was finished I went to ck out a few bolts to see and sure enough the same fabric I bought a few weeks ago had gone up ....

Edie

I remember when the fat quarters were 99 cents - they are now $1.99 and Hancock's are the same price. Consider yourself lucky to get one for $1.29. I think I have gotten to the point where I will buy 1/4 yard of fabric now (actually, I liked the design on some of the fat quarters and it was a lot easier to pick out ten rather than stand and wait for 10 quarters to be cut by the attendant. They don't particularly care to cut 1/4 yards. So, their loss. If I can find a yard of fabric for $4.00, I'll be back to my fat quarters of 99 cents plus a penny! Edie

luvstitches

Spoke to the a lady that owns our LQS and she said Moda fabric are NOT raising their prices. Good news to me.

granny6x13542

Corporations use an accounting method called FIFO..first in, first out. So, every product's price is raised to reflect the replacement cost, regardless of when the original product was purchased. This accounts for the cost of carrying the inventory (maybe for a year or two), the opportunity cost (what they could have done with the money they have invested), and a certain amount of overhead.
This is more info than you may have wanted, but it's how corporations work. The same applies to gas prices when they are going up.

hlponyfarm

HUDSON, Ohio -- Jo-Ann Stores Inc., one of the few national retailers that prospered during the recession, has agreed to be acquired by a private equity firm in Los Angeles for $1.6 billion.

The deal with Leonard Green & Partners LP promises a premium for shareholders and should mean few changes for consumers at Jo-Ann's 756 stores, analysts said.[/quote]

Could this company also own Pet Smart? companies are bought and sold all the time.

RuthV

The same reason the price of gas goes up 2-3 times a week. That was purchased earlier also.

fktsewing

While it saddens me too, they are only hurting themselves. If they think they can charge was the LQS does, then people like us will stop buying there and that will hurt their sales. They have gone down hill in the last couple of years---they just keep reducing the "fabric" side of the store and increasing the novelty side. If I want to buy "garden, holiday, or floral" there are plenty of other places to go. As for the fabric--I have a nice stash, and I have been ordering more and more on line. Saves me gas and I can do it in my pajamas. They will learn really quickly!!! Hang in there girls.

plainpat

Don't think our Joanns has a clearance section, or maybe I just never saw it.

plainpat

That's true. Looks like quilting will soon require big bucks.I was in Goodwill recently & men's dress shirts were $7....so I guess the cheap stuff is gonna be gone everywhere.

mountain deb

If it happens at the gas pumps, why not in everything else?