Re: craft relief
Posted by M.R. Daniels on September 23, 2001 at 06:30:49:
In Reply to: Re: craft relief posted by John on September 19, 2001 at 17:03:57:
John, would you elaborate on what you believe will be the trying times? Do you think orders will drop off, and if so will it affect high end, low end, everyone? And are you anticipating this as a result of the disaster or because we are headed into a recession?
So far, the only steps we have taken are to slow down on inventory, thereby cutting production costs, until we see where it's all going. As we are now prototyping new items for February, we are wondering which price points to target.
Realtors will tell you that the million dollar homes keep selling, no matter how bad the economy is. I wonder if high end crafts will also maintain a rhythm.