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Thread: Fabric price question

  1. #26
    Power Poster ckcowl's Avatar
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    i worked for a time at a shop that simply priced everything at the suggested retail price indicated on her invoice,...most things that equalled a 100% mark up...her philosophy is...that is what i'm supposed to charge. period...she only has one sale a year...and never discounts anything. Our 'new' joannes i think marks theirs up 200% or more...their prices are totally outragious! when i can get the same fabric at the lqs for $7.95 a yard and joannes is 'trying' to sell it for $9.98??? i won't even go there any more...they have crappy fabric that if i were at walmart shopping and saw it for $2 a yard i might buy it, and here it is at joannes for $9 + a yard...
    then we have another lqs that prices everything at $7.95 regardless of what they paid for it....so they are probably more in line with a 50-75% mark up. you can tell the places just in it for the $$ and the ones who are in it because they love it and want to share it with many.

  2. #27
    Super Member raptureready's Avatar
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    I've always assumed that it's marked up quite a bit---like 2-300% or 2 - 3 x what they pay for it. With the cost of insurance, water, lights, heat, air condintioning, rent or bldg payment, labor and maintenance and then needing room to still make a profit when it's marked down I just figured it would take that much to keep them in business. Perhaps not if they're a chain such as Joann's or Hancock's but a local, privately owned business would just about have too.

  3. #28
    Power Poster BellaBoo's Avatar
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    Quote Originally Posted by crashnquilt
    BellaBoo I can appreciate your thoughts but there is a tiny glitch. For a retailer, it is actually illegal to purchase retaii from one store and resell the item retail in another store. Unfortunate but true.

    Regarding Marshall Dry Goods, I love that place, their fabric is factory close out fabric. Albeit, great quality fabrics but being factory close outs the store runs the risk of not being able to get the same fabric if a customer should need more.

    I do agree, if the LQS would bring in some lower price fabrics they do have a much better chance of bringing in more customers.

    It is a really bad catch 22 situation. People that follow the magazines really want the current fabric lines but if the store is mostly selling close outs then they get the reputation of "selling old fabric" and that rumor will kill a shop super fast.
    The fabric/sewing shop here that closed due to owner retirement after 30 years, always sold clearance items from other stores. Their prices were not much over the clearance price. Everyone knew to go to the bargain bin section of the store. They never had a problem I guess because they did it right up to retirement. The store was the only fabric store in the surrounding towns. the good fabric at great prices always sold out first, no matter if it was last year's line or several years old. It's odd how one business can stay profitable for so long and others can't make a go of it. No other fabric store has lasted more then two years since the old one closed. :cry:

  4. #29
    Senior Member Quiltzilla's Avatar
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    Quote Originally Posted by crashnquilt
    It is a really bad catch 22 situation. People that follow the magazines really want the current fabric lines but if the store is mostly selling close outs then they get the reputation of "selling old fabric" and that rumor will kill a shop super fast.
    This is one of the reasons for pushing fabric out the door, by using closeout pricing, when it has been in the shop for nearly a year. Even though the shop makes no profit from the closeout sale, and is losing money on its balance sheet, it makes room on the shelf for the newest fabrics and it supplies money need to buy those new fabrics for the shop.

    Selling 'perfectly good' fabric at closeout prices just because it's a year old seems crazy to me but, it's part of the quilt shop business. After all, if you look at a five year old quilt, can you tell which fabrics were new that year and which were not?

  5. #30
    Super Member Lori S's Avatar
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    I have the expectation that they will double what they paid for it.
    I have the expectation that in turn I will be provided with quality goods, good service from a knowledgeable staff.

  6. #31
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    Quiltazilla. I just found out you had a store and went there ang sent an order. Love, love your store........Thank you.

  7. #32
    Senior Member Quiltzilla's Avatar
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    Quote Originally Posted by debbieumphress
    Quiltazilla. I just found out you had a store and went there ang sent an order. Love, love your store........Thank you.
    Wow, thanks for the kind words!

  8. #33

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    I worked in a quilt shop for a couple of years. The owner priced the fabric at 65% above cost because that covered some of the costs of shipping she had to pay. Quilt shops are a lot more than just fabric. They offer us classes, their knowledge, new techniques, and friendly service. You don't get all these things at JoAnn's.

    I can tell you this - quilt shop owners work their tails off and make a comfortable living but nothing extravagant.

  9. #34
    Super Member Favorite Fabrics's Avatar
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    Quote Originally Posted by crashnquilt
    ... For a retailer, it is actually illegal to purchase retaii from one store and resell the item retail in another store. Unfortunate but true...
    How would it be illegal to buy something at retail and then resell it again at retail?

    Actually... I think there is a shop in my area that has does just that. Or at least did, to start off with, when she opened up shop after the local Wal-Mart stopped selling fabric. There was a market that was no longer being served, and she stepped in to fill the gap, wisely knowing that her customer base would be comprised of frugal souls.

    Doesn't it (re-selling) happen on eBay all the time, where one person buys a set of whatever and then splits it and sells the items separately? How would fabric be different?

    I'm no lawyer, but I think the First Sale Doctrine would allow for this.

    What am I missing here?

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