WanstallsOnline
Expried Business Member
- Location
- Maple Ridge BC
Hello CGN!
We wanted to give a quick update as to what is going on.
We have recently been getting some hate mail to the point of threats over some recent price increases
We as a company have a 30-60 day turn model where we order what we need with the idea it will be sold within that time frame. That allows us to be able to place orders as we need and go after different and cool inventory quickly as suppose to wait for old product to sell.
Usually this is a great way to keep bills low and inventory constantly moving. Unfortunately when you are hit with a pandemic where it makes the Canadian Dollar tank faster than Oprah off weight watchers and barrels of oil are worth less than a used Mcdonalds wrapper it effects our model faster than a company who buys bulk and sits on inventory for months if not years at a time.
The economy that we are currently faced with raises manufacturing costs, which is passed to distribution, which is passed to us forcing us to raise our pricing on an already low margin industry where we can not eat a 10%+ increase in cost.
I personally would like to let CGN know we have not raised our prices in efforts to gouge anyone during these hard times. We are running the same margins we have and in some cases lower margins because even we cant stand to see some product at their new suggested retail.
What does this mean long term? Well hopefully the universe sorts it sh!t out and life gets back the where our dollar is worth more than it currently is and when that does happen (assuming distribution changes their pricing with a corrected dollar, as they have done in the past) You will see our prices correct as well.
We are all gun nutz at Wanstalls and the reason we all work here/own is our love of firearms and the community.
If anyone has any questions or concerns please email me directly at mattm@wanstallsonline.com, I am always happy to chat about all thing guns and the industry.
-Matt M
Partner/ General Manager
We wanted to give a quick update as to what is going on.
We have recently been getting some hate mail to the point of threats over some recent price increases
We as a company have a 30-60 day turn model where we order what we need with the idea it will be sold within that time frame. That allows us to be able to place orders as we need and go after different and cool inventory quickly as suppose to wait for old product to sell.
Usually this is a great way to keep bills low and inventory constantly moving. Unfortunately when you are hit with a pandemic where it makes the Canadian Dollar tank faster than Oprah off weight watchers and barrels of oil are worth less than a used Mcdonalds wrapper it effects our model faster than a company who buys bulk and sits on inventory for months if not years at a time.
The economy that we are currently faced with raises manufacturing costs, which is passed to distribution, which is passed to us forcing us to raise our pricing on an already low margin industry where we can not eat a 10%+ increase in cost.
I personally would like to let CGN know we have not raised our prices in efforts to gouge anyone during these hard times. We are running the same margins we have and in some cases lower margins because even we cant stand to see some product at their new suggested retail.
What does this mean long term? Well hopefully the universe sorts it sh!t out and life gets back the where our dollar is worth more than it currently is and when that does happen (assuming distribution changes their pricing with a corrected dollar, as they have done in the past) You will see our prices correct as well.
We are all gun nutz at Wanstalls and the reason we all work here/own is our love of firearms and the community.
If anyone has any questions or concerns please email me directly at mattm@wanstallsonline.com, I am always happy to chat about all thing guns and the industry.
-Matt M
Partner/ General Manager
