Cyber Monday extended “one more day” is the theme of my
inbox this morning:
“Cyber Monday
Extended | 45% Off Sitewide Today Only”
“SALE EXTENDED:
Extra 20% Off & Cyber Monday Deals + Free Shipping!”
“Cyber Tuesday:
extra day to save 40% off + free shipping & new markdowns”
Last week it was Black Friday starting on Monday:
“Happy Monday! Black
Friday Deals 4 Days Early”
“Black Friday is
Here: The Deals You've Been Waiting For!”
The holiday shopping game has begun. It’s enough to make
Holiday shopping down right stressful.
“Ending... 25% off
site wide [last chance]”
Is it really my “last chance”? Do I need to jump in my car
and head to the nearest mall right NOW? Or, even easier, whip out my credit
card and shop online before breakfast?
Now that I own a small manufacturing company I am learning
the real truth behind the Sale Game. Large manufacturers who produce their
products in massive quantities overseas are marking those products up 3 or 4
times, often more. If you buy a $70 sweatshirt on sale for $35, the company
is still making money as they may have paid only $6 to produce it. Even after
adding shipping charges, storage, import fees and merchandising costs the
manufacturer can still be making a profit.
In my opinion the Sale Game is a manipulative mind game
using the American public as pawns.
Here at Altus we don’t play the game. We take our pricing
very seriously and often price our products below “normal” mark-ups of twice
cost. We analyze our costs for each product then decide if our price is
reasonable. If not, we mark up our costs LESS than double. Far less than
imported products are marked up. For us, there is no game to play to get the
best deals because there is no wiggle room in our pricing. It’s reasonable, not
random.
We recently reduced the price of our Pullover Hoodie as our
Holiday Gift to our customers. No need to shop on a special “Friday” or a
certain “Monday” to get a discount. The new price is permanently reduced to
$35. This product cost us $41.67 to produce.
Why does it cost so much to produce compared to imported
products? (Think of the $6 sample above).
The fabric was knitted for us in Los Angeles, but because we
ordered less than the minimum yardage we had to pay a “sample” fee plus 20%
more per yard. In the apparel manufacturing industry, every penny counts and we
paid a lot more pennies per yard of fabric than the large Big Box
manufacturers. Even our labels were made in Florida at more than 3 times the
cost per label than those made in China.
There is a wonderful company I have come across that
believes, like we do, in fair pricing based on actual costs, not random
numbers. The company is Everlane and I have enjoyed both their beautiful
photography and their simple clear messages in their emails. No Sale Game with
them.
And no Sale Game with Altus! We hope you have a wonderful
Holiday season and enjoy the shopping experience without losing in the Sale
Game.