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View Full Version : How bad/good 2002 was to you

Whynot
January 15th, 2003, 07:35 PM
How had you financially ended 2002 compared to year 2001?
David N Waldmann
January 16th, 2003, 10:08 AM
Do you mean Sales or Profit?
Whynot
January 17th, 2003, 11:19 AM
I ment sales volume. Profit is less telling for a trend in this case.
JFeig
January 17th, 2003, 01:48 PM
An additional comment for the pole is to ask if the establishment is rather new (1-3 years) or an established shop (4 years and up).
tnframer408
January 19th, 2003, 12:40 PM
Up over 25% vs. last year. CoGS reduced to low 20s--like 21.5-22.5% but this because we really stressed sales of instock moulding, of which we had a ton. Also increase due to some very fortunate large sales of limited edition canvases.

Hope for a repeat this year, but with all that instock stuff almost gone, and my large limited buyers perhaps satiated, we'll see.
Whynot
February 9th, 2003, 11:38 AM
Thank you all. According to those results, the overall picture is rather encouraging. I was under the impression that a severe recession has afflicted our industry but numbers tend to deny it. As a matter of facts, they show an optimistic trend with a quarter of us having done quite very well last year. Those 26% framers at the top spell good news because they are significantly numerous and much out of a Gaussian Bell type distribution.
PurplePerson
February 9th, 2003, 02:06 PM
About where should a new shop be statistically in this?

The 4 of us were in an old established shop for years.

Marie bought the shop 2 years ago and we moved to a smaller location. Our former shop was in a Ben Franklin.

we have been able to upgrade many things in our work, but it is still a new shop.