A trip to Hancock's
02-05-2011, 08:45 AM
#12
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Join Date: Oct 2010
Location: Mississippi
Posts: 26,171
Merchants have been marking up old stock to match the new for as long as I can remember. It's just good old-fashioned greed. Not all stores do it tho, and I appreciate those that don't, not taking advantage of their customers.
02-05-2011, 09:53 AM
#13
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Join Date: Feb 2009
Posts: 1,646
I have worked in retail, not fabrics though. When we had a sale, there was stock on hand to replace what was out on the floor. If an item was on sale, both got the sale price. If the item price had gone up, all products would be marked accordingly.
Price cards, stickers etc placed over another price was the norm. Was much easier for sales when items were on sale or being sold higher.
Our selling at a higher price depended on demand. An item selling well, would be increased, and one that wasn't was marked down to make it look like it was on sale.
I worked as an assistant buyer, and let me tell you, when you buy something on sale, the store is not loosing anything. Items are marked much higher then they buy them for and when you see a sale it grabs your attention.
Price cards, stickers etc placed over another price was the norm. Was much easier for sales when items were on sale or being sold higher.
Our selling at a higher price depended on demand. An item selling well, would be increased, and one that wasn't was marked down to make it look like it was on sale.
I worked as an assistant buyer, and let me tell you, when you buy something on sale, the store is not loosing anything. Items are marked much higher then they buy them for and when you see a sale it grabs your attention.
02-05-2011, 10:58 AM
#14
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Join Date: Jan 2009
Location: Front row
Posts: 14,646
DH receives many economic reports and I read them some but get depressed too much to read a lot. Right now chocolate prices are going out of sight and will chocolate prices will soar. Stock up now on chips, cocoa powder if you use a lot of it. Next Christmas you won't be able to buy much if it's available from the forecasts I read. It will level out some after a year or two when the crop revives. Remember when vanilla extract became $20 a bottle if you could find it a few years ago? It was in one of the reports about six months before. I bought several bottles then cheap and had enough to share with friends when the holidays came and no vanilla could be found on the shelf. I don't mean to alarm anyone but it doesn't hurt to have a heads up to save money on things to be able to afford the higher fabric prices. What I'm keeping a supply of now is cotton socks, underwear, tee shirts, and any jeans that are a stable everyday wear.
02-05-2011, 12:32 PM
#15
Super Member
Join Date: Aug 2010
Location: Westminster, Co
Posts: 2,675
Originally Posted by quilter1943
Actually, I think this is against the law, to reprice old products higher. But with everything else that is happening in the world, I doubt anyone would follow up. If you feel strongly about it, contact the states attorney off ic in your state.
Originally Posted by bjeriann
The other day I went to Hancock's and picked up a couple yards of Kona cotton at 5.99 a yard. Today I was back to get more to find it went up to 6.99 a yard. They had put new price tags over the old price (most didn't cover the old price).
These weren't new bolts. I just don't think that right. Sorry just venting.
These weren't new bolts. I just don't think that right. Sorry just venting.
Or don't buy it!!!
02-05-2011, 04:31 PM
#17
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Join Date: Oct 2010
Location: Mississippi
Posts: 26,171
Originally Posted by BellaBoo
DH receives many economic reports and I read them some but get depressed too much to read a lot. Right now chocolate prices are going out of sight and will chocolate prices will soar. Stock up now on chips, cocoa powder if you use a lot of it. Next Christmas you won't be able to buy much if it's available from the forecasts I read. It will level out some after a year or two when the crop revives. Remember when vanilla extract became $20 a bottle if you could find it a few years ago? It was in one of the reports about six months before. I bought several bottles then cheap and had enough to share with friends when the holidays came and no vanilla could be found on the shelf. I don't mean to alarm anyone but it doesn't hurt to have a heads up to save money on things to be able to afford the higher fabric prices. What I'm keeping a supply of now is cotton socks, underwear, tee shirts, and any jeans that are a stable everyday wear.
02-05-2011, 05:18 PM
#19
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Join Date: Jul 2010
Location: Jeffersonville, In
Posts: 2,621
I have always thought that was wrong. The grocery stores do it too. If they would sell the old stuff at the price they decided was the right mark up they would probably sell more, we would stock up. IMHO
Its not right and I do not understand it as well..They have not lost any money on those bolts of fabric because they had already paid for them before the prices jumped up..The only bolts that should of gone up are the ones that they had to pay the higher price for in purchasing them for their stores..
Originally Posted by Diana Lynne
Originally Posted by bjeriann
The other day I went to Hancock's and picked up a couple yards of Kona cotton at 5.99 a yard. Today I was back to get more to find it went up to 6.99 a yard. They had put new price tags over the old price (most didn't cover the old price).
These weren't new bolts. I just don't think that right. Sorry just venting.
These weren't new bolts. I just don't think that right. Sorry just venting.
02-06-2011, 06:26 AM
#20
Super Member
Join Date: Feb 2009
Posts: 1,646
Originally Posted by KwiltyKahy
I have always thought that was wrong. The grocery stores do it too. If they would sell the old stuff at the price they decided was the right mark up they would probably sell more, we would stock up. IMHO
The grocery stores just rotate stock, they put the new stock behind the stuff that has allready been on the shelves. That's the way it has always been done. Just look at the dates
Its not right and I do not understand it as well..They have not lost any money on those bolts of fabric because they had already paid for them before the prices jumped up..The only bolts that should of gone up are the ones that they had to pay the higher price for in purchasing them for their stores..
Originally Posted by Diana Lynne
Originally Posted by bjeriann
The other day I went to Hancock's and picked up a couple yards of Kona cotton at 5.99 a yard. Today I was back to get more to find it went up to 6.99 a yard. They had put new price tags over the old price (most didn't cover the old price).
These weren't new bolts. I just don't think that right. Sorry just venting.
These weren't new bolts. I just don't think that right. Sorry just venting.
Its not right and I do not understand it as well..They have not lost any money on those bolts of fabric because they had already paid for them before the prices jumped up..The only bolts that should of gone up are the ones that they had to pay the higher price for in purchasing them for their stores..
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