How to Tell You're Paying Too Much For Your Wholesale Stock

Posted by sierra 02/17/2020 0 Comment(s)

You're Paying Too Much For Your Retail Gloves

We've all been there- you want to find the best deal on the product you carry in your store, but there are a million different types of gloves with a million different types of features. It can be overwhelming to figure out exactly what features to look for and what features don't matter so much. When decision paralysis starts to kick in, it's important to keep the price in mind. Why would you pay $40 for a dozen gloves when you could get something with nearly the same materials and construction for $35? Competitive shopping can alleviate some of the guesswork in running your small retail business and save you the money you need to keep other important things going. Let's take a look at some of the prices of common materials, and how you can spot a good deal among the bad.

What Material Costs Less?

Every Winterproof glove has the same basic elements- something to shield your skin, something to insulate your skin, and something to prevent water from touching your skin. The outer layer of the glove (sometimes referred to as the "shell") is the first layer of defense against the elements. But does it really have to be the most expensive portion of the glove? While something like Softshell looks and feels incredible, it doesn't necessarily mean it's going to function better than another glove made from a different material. During the design process and fabric selections with our factories overseas, different outer materials of a basic glove typically vary in cost by a dollar at the most. More often than not, the difference is a matter of 25-50 cents. When designing Winter gloves, we choose to take the long route of sifting through different factories for the best prices on our materials, meaning we can use premium materials without unnecessary markups. Remember, you don't have to sacrifice quality for the price!

Why is One Glove More Expensive Than Another?

The bulk of our Winter gloves share the same basic construction, but it's in the details where they start to take on their own form. A basic solid glove with no stitching or breaks in the fabric will take a small amount of time to cut and sew, unlike a glove with more complex seams and decorations. Every new feature (even small features like seams) affects the price, and as the number of features goes up, so too does the total price of the item. If you want to keep costs down, opt for basic styles with little detail and advertise the stock as a function over fashion. A person shoveling their driveway is going to care a lot less about how stylish their gloves are compared to a group of friends out on a ski trip. If your customer base skews more on the trendy side, it's usually worth those few extra dollars to find something more detailed and stylish.

Does Thinsulate Insulation Matter?

Remember back in the day when your Winter gloves were so bulky that you could barely curl your fingers? With the invention of Thinsulate in the late '70s, bulky gloves began to come down in size. Because Thinsulate is so efficient at keeping heat where it's supposed to be, less product was needed to stuff the gloves to keep them warm, and Thinsulate began to take the spotlight. Since its invention, Thinsulate has stood up to the test of ultracold environments and continues to excel in its insulative properties. While there are alternatives to Thinsulate available, there just isn't anything that can handle the heat so well with such a small surface area. Grand Sierra uses Thinsulate for a vast majority of our gloves because anything less than warm defeats the point of a Winter glove!

Extra Features Aren't Always Necessary

Keeping the style as minimalist as possible isn't just good for a clean looking glove, it's also great for the price. Our most discounted wholesale Winter gloves are basic because sometimes, basic is all you need. In the cases that your customers seem to be looking for a little something extra, features such as zipper utility pockets and overlook features can be the extra detail that makes or breaks the purchase. With a utility pocket, it's your job as a retailer to highlight why that feature is worth the extra few dollars. For instance, you might have a pair of gloves with a heat pack in them for your customers to feel the difference, or a pair of gloves with some cash and a ski pass in the pocket to demonstrate its storage capabilities. When you show the utility in your products, their worth goes up accordingly in the eyes of your customers.

How Do I Get the Best Prices On My Bulk Gloves?

A little known fact about the garment industry is that there is almost always some sort of extra fabric in every order. When this extra fabric isn't put to use, it takes up valuable space in the already cramped factories where the gloves are manufactured. By asking the factories how much fabric they have, we're able to get further discounts on totally untouched fabric and pass the savings down to you. Because black, navy and pink are all such commonly used colors, it's often the least expensive to use this discarded fabric and create new products with it. Not only is the price low, but it's also an excellent eco-friendly initiative to dissuade the factories from simply throwing out the excess. You'll save money and you'll also be doing your part to go green with this eco initiative!