Wednesday, June 17, 2009

Its All about the price

The off price business has always been about the prices we charge and the products we deliver and in recent times this statement could not be truer. In the last few years the price points have dropped considerably and the difference between a sale or a lost order can simply come down to pennies. The decision to accept or reject an order was based on supply and demand of the item and the profit or loss that would result.

The supply and demand curves if not broken are significantly impacted with the recent changes in the economy. On the supply side our industry continues to see shortages in many product categories. These shortages normally produce an increase in demand and therefore price increases. The problem is that the demand in off price industry is strictly tied to the price and if the prices are dropping and the inventory levels are declining how can the demand be met.

The demand side is driven by the willingness of the consumers to spend additional dollars on products. With the economy faltering and the consumers unwillingness to spend manufacturers are producing fewer goods and therefore the off price industry is seeing fewer irregulars and less closeouts.

The big question becomes will prices rise or will we go without?

Thursday, June 4, 2009

Spring Cleaning


The summer selling season has arrived and many of our customers are seeing strong sales in tee shirts and tank tops along with other summer related inventory. The flea markets and discount stores are busy with active buyers who are purchasing clothing for immediate needs. This summer buying will continue for the next 60 to 90 days and to provide great value for our customers RG Riley will be liquidating our spring and summer merchandise with exceptional values in off price apparel. That's right while our customers are enjoying some of the best sales of the year we will be transitioning to fall fleece and long sleeve products.
This week alone we have completed purchases on over 100,000 dozen fall and winter fleece products. This inventory is already showing up at our distribution centers and many items are available on the web and at our warehouses. Men's irregular pull over hooded sweat shirts have been packed in our Illinois warehouse along with some additional men's sweat pants. In our Virginia warehouse we have been busy packing women's crews and pants in both Missy and plus size. The Virginia warehouse will be packing boys crew neck sweat shirts and boys 2 pocket sweat pants. These items will be ready just in time for your back to school selling.
Please make sure to keep up with our updated inventory by clicking on our recent packing's tab. The recent packing's are constantly updated on a 14 day rolling scale and it provides a great way to keep in touch with all of our new additions in off price wholesale apparel. The recent packing's is a small picture of what we have that is new in the RG Riley world.
RG Riley is a clothing wholesaler with an emphasis on off price apparel. Closeouts and irregular clothing are our specialty. Wholesale apparel only. Off price apparel always. http://www.rgriley.com/