I binged at a going out of business sale
#22
Super Member
Join Date: Apr 2012
Posts: 1,165
Glad someone that can use the products bought them. If a store closes here, they call in a custom sales outfit.
Discounts go out the window, and dealers are encouraged first. By the time the general public gets to the store, most of the good stuff is gone.
Discounts go out the window, and dealers are encouraged first. By the time the general public gets to the store, most of the good stuff is gone.
#24
Senior Member
Thread Starter
Join Date: Sep 2012
Location: Washington
Posts: 855
I really did feel like I'd hit a goldmine. I only wish I'd gotten there when the 70% sale first started. Of course then I might feel even more of the post - binge feeling than I do now.
#26
Super Member
Join Date: Feb 2011
Location: Yorkville, IL
Posts: 7,639
I stock up at closing stores. Fabric is going up at a rapid pace so I feel my stash is going to be ready and waiting. Since most of my friends are quilters I "shop" for gifts in my sewing room. Duplicate rulers are great for grab bags, gifts and our yearly auction. I can't believe we can have to much fabric. That I won't live long enough to sew it all doesn't matter to me. It is well loved and it beats drugs! My kids know exactly who to call when I go and that room will be emptied to the walls. Lol
#27
Senior Member
Thread Starter
Join Date: Sep 2012
Location: Washington
Posts: 855
Typical wholesale is 50% of retail. If you buy in bulk, you MIGHT get some break from that.
I noticed that this shop had a ton of Marti Michell products in their shop, so it is possible that they bought in bulk and got a deal, but super doubtful that they paid less than 30% of MSRP.
But having worked in retail I know that you make a big profit on some things and are lucky to break even on others. But you add it all together and hope that the final bottom line is black instead of red.
#28
Super Member
Join Date: Sep 2010
Location: California, USA
Posts: 1,318
Think of it as a win/win situation. The store that is closing is trying to make as much money and re-coop their loses as much as possible; you on the other hand, are getting a bargain on things that you may not have been able to afford otherwise. If you bought more than you wanted, then the things you don't need would make great gifts for your other quilter friends (and you still saved money).
Bottom line is, I still tend to go overboard because I know I will never see that bargain again. Oh, well...
Bottom line is, I still tend to go overboard because I know I will never see that bargain again. Oh, well...
#30
oh lord i wish i could say i stayed on budget (lol) when i go quilt shopping. last year on our shop hop for the row by row in 5 hours i spent $1000. that is the right amount of 0 believe me. to top it off as a snowbird living in arizona for the winter last year in the 5 months i was there i spent $5000 in fabric and tools. that doesn't take in the classes i took (5). i had to do some creative bookwork at the border when it came to claiming our $1600 limit.
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