Moda to raise prices in January
#1
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Join Date: May 2009
Location: Orchard Park, NY (near Buffalo, which is near Niagara Falls)
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Just heard from the Moda sales rep that a 7% price increase is to be expected in January. That'll be about a 30 cents per yard increase on their lines.
FYI.
FYI.
#2
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Join Date: May 2009
Location: NY
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Well it certainly didn't take them long to follow suit. You only posted last month that the Moda Rep said no price increase for now. :cry:
http://www.quiltingboard.com/t-74384-1.htm
http://www.quiltingboard.com/t-74384-1.htm
#3
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Location: Orchard Park, NY (near Buffalo, which is near Niagara Falls)
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Originally Posted by feline fanatic
Well it certainly didn't take them long to follow suit. You only posted last month that the Moda Rep said no price increase for now. :cry:
http://www.quiltingboard.com/t-74384-1.htm
http://www.quiltingboard.com/t-74384-1.htm
I imagine that what it looks like from the manufacturers perspective is that you look around and watch all the competition... and hope that they all raise their prices first. That drives more business to those makers who have NOT yet raised prices. However... they can't absorb the loss, not for long, without damaging themselves significantly. So then they go and raise prices too.
I hate to say this... but it looks like nearly all of the major brands are going to have wholesale prices at or above the $5 / yard level by early 2011. Which, of course, means that retail prices will be crossing that awful $10 / yard level in most shops.
Yes, there are stores (Thousands of Bolts, Marshalls etc) that buy the closeouts, but there will be more competition for those limited amounts of goods... and even there, the manufacters are not going to be able to sell off the closeouts as inexpensively as before.
#7
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Location: Orchard Park, NY (near Buffalo, which is near Niagara Falls)
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Originally Posted by sewgull
Are manufacturers trying to cause us to stop buying new fabric?
You know how anytime there's a freeze in Florida, there's always talk of "orange juice is going to cost more"? Well, it's the same thing here. Commodity prices, supply and demand... more demand for less available cotton (or oranges), and the price goes up.
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