Wednesday, March 21, 2012

Time to talk about price increases

We have a price increase coming up, effective May 1st.  Over the past two years, we have seen the prices of some of our basic materials increase quickly.  At one point, there was a change every week in the price and it was difficult if not impossible to plan ahead.

The fibers which have increased this year are the same list that I quoted last year:  Superwash Merino, Silk, Cashmere, and Nylon.  Now, most of our yarns contain some of each of these fibers, so we will see an increase on all yarns.  In truth, up the line a bit we have had some help from both our yarn broker and the mill who have absorbed some of the cost increases we would expect.  They did this because of our volume purchases.

I have been studying the list and trying to come up with a way to keep the increase as small as possible.  We have had increased shipping costs, too, and everyone who ships has probably had fuel surcharges tacked onto their frieght bills.   We will come up with a way to cover the fuel surcharge, yet include the courtesy discount from my manufacturers in the final pricelist.

This post is informational only, to get the word out of the planned annual price increase, effective May 1st

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