A Thrift store Raised there prices do to the Economy

How successful a business is depends on a lot of things and can vary from region to region. anotherxidentity makes another valid point here. A business can be doing very well one month and then, all of a sudden, the next month revenue can be poor. It is difficult for businesses to gauge when customers will makes purchases, how much customers will be willing to purchase and what customers want to purchase oftentimes. If consumers change there habits abruptly, a business can find itself in great difficulty extremely quickly. Some business expenses don't change and their costs cannot be reduced. Even thrift stores have expenses that they must incur in order to continue operation even if revenue decreases. Thrift stores may get the merchandise they sell for free through donations, but not everything that they need to operate is free. If customers stock up in earlier months and cut back on spending at the store later or if they decide to make their clothes last longer instead of making new purchases, then the thrift store will be negatively impacted and may be forced to increase prices to cope. If the number of donations or the quality of donations decreases because people decide to hang on to their items longer in order to cut costs themselves, the thrift store will need to charge more for what they do have to compensate. These actions should not be taken lightly because an increase in your prices may cause purchases to decrease and revenue to drop further. What does a business do when it can't earn enough to cover operating expenses? I am sure that many out there face the same difficult problem and can relate.

Just maybe a couple months ago I heard how well thrift stores where doing because of the bad economy. Because they offered cheap prices etc.. Why would they want to lose business now?

I actually work at a thrift store called Platos Closet ands its more high end than Goodwill but I can tell you from first hand experience we are losing money. On a normal Saturday $3-5,000 was a good amount to bring in and now we're happy just seeing $2,000. There are Sundays where normally we would reach $1,000 since we are only open 5 hours but now its lucky to see half that come in. We use to be able to go through clothes in record time but now the clothes aren't selling as fast and the clothes are beginning to pile up in the back room waiting to be put out. Yeah there are the people that then start buying from our store instead of the mall, but overall people are cutting back on expenses that aren't a need such as clothing. So you get more customers... but you're losing on the amount they buy and when they buy.

Yes the garage sales are good.

Yes I heard about that raise. Doesnt make a difference with all the prices going up though. Still will be spending more then ever.

I really hope thats the reason.

People that are short on funds shop at thrift stores because they are cheap. If there not cheap why shop there?

If you think about it and they were smart and keep the prices the same they would be the once profiting right now because that's where most people are going to shop so they can afford things. Exactly!

I know there loosing big time and it's there fault for doing that. Hope fully they will realize it and lower them again.

I know at those prices you can go to Walmart.

Soon where not going to be able to shop anywheres if this keeps up.

Inflation can come about quickly and get out of control in an instant. Inflation can wreak havoc once it catches on, and devastate business and customer alike. An increase in prices at a store could be do to inflation. Even if customers continue to shop and more purchases are made at a store, profits can go down if inflation is cutting into the bottom line. Revenue can increase through an increase in sales, an increase in prices or both. Profit increases only when revenue increases and expenses stay the same or decrease, or when revenue stays the same and expenses decrease. An environment where expenses continue to increase causing prices to continue to go up is inflation. A good business, just like a good a person, who has done and continues to do the right things can be impacted negatively by others they have to interact with in order to operate their business. The other businesses/people we rely may be in difficulty for poor practices, mistakes or through no fault of their own. Just like us. Inflation begets inflation and it is incredibly difficult to stop. http://www.answers.com/inflation A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services. anotherxidentity makes a valid point.