EDITED: March 15, 2020, currently 55% of peak inventory. Data below is for March 11th (four days earlier)
We are currently at 57% of the inventory level of our peak. It will drop lower before picking back up.
Our peak inventory level was reached on August 16, 2019. We then initiated multiple mark downs on prices, coupled with heavy sales. This was done primarily to help people whose business had been damaged from certain events that began July 22, 2019. Then we had a supply disruption due to the current coronavirus worries. Coronavirus is pretty much a non-issue in Utah right now, with the exception of the massive disruption of supplies that has hit multiple industries, including ours. Also, flu season tends to end in April, so for 2020 Rose (at the end of June), we continue to anticipate that coronavirus will be a non-issue.
But right now we are at 57% inventory level and dropping. I have returned regular prices back to their level of last summer. This is the level we were at before the aforementioned events. I will, however, be putting one kit a day on as the “Kit of the Day” for half price. I will do that for awhile, so keep checking back.
Right now the Kit of the Day is Frankie, by Denise Pratt, for sale at half price:
Our main kit supplier is also used by many other artists. We cut our next order size in half, to make production room for the other artists as they prepare for 2020 Rose. It will also likely take the rest of 2020 to restore inventory levels back to their previous levels, so supplies will be tight for awhile.
Nevin Pratt, CEO