Articles tagged with: Consignment
Smart Moves, Winter 2010 »
Pinnacle Gallery
Joanne and Peter Hildt, co-owners
Scottsdale, Ariz.
How do this year’s sales compare to recent years’? Are you seeing a consistent decline or a slow improvement?
We saw declining sales beginning in October 2007, and 2008 was our worst year in 12 years. Our season in the Arizona desert runs from October through May, so at this writing we are just approaching our season. So far business is slightly improved, but we do not expect sales to recover to pre-recession levels for a while.
Smart Moves, Winter 2010 »
The Muse
Whitney Bingham, owner
Frederick, Md.
How do this year’s sales compare to recent years’? Are you seeing a consistent decline or a slow improvement?
My business started to slow down mid-summer 2008, but I have had a strong 2009 so far and am back to where I would like to be. One thing I did was add more consignment merchandise to the mix. It’s allowed me to fill the store with fresh new merchandise without the expense and risk.
Smart Moves, Winter 2010 »
Langman Gallery
Lisa Evans and Joseph Miceli, co-owners
Willow Grove, Pa.
Have you reduced your inventory levels? What needs to happen before you will feel comfortable increasing your inventory levels?
Yes, we have reduced inventory in some areas to get the proper turnover, and in other areas we have increased inventory. Even in better economic times, this is how we run our business. We review our inventory item by item. The one thing we have been conscious of is purchasing crafts with lower price points and maintaining quality. When the economy turns around we will undoubtedly increase our purchasing of higher-ticket items.
