In retail stores whether you have a convenience store or a store selling general gifts you are always looking for products to maximize your profits. In today’s high rents and expenses you need products you can make more than key stone on. If your store is not bringing in the profits you desire then you need to source for other products. Products that are lower priced that people can afford are ones to keep in stock.
Some things to look for when sourcing for new products:
a. Products that turn over quickly.
b. Products that are high profits.
c. Items that don’t take large floor spaces.
d. Goods that can be restocked easily and fast.
e. Items people always need, we call these necessity items.
In our opinion Sunglasses is a perfect item. Retailers see high profits when selling sunglasses. The average wholesale cost for a pair of sunglasses is around $1.50 usd. Suggested retail for a pair is $7.95 – $12.95 depending on the style and what the local market will bare. So on average a retailer can expect to make a profit of around $8.00 per pair.
Why do sunglasses sell so well?
It seems people are either loosing them or breaking them by accident. Sunglass styles also change very quickly in the fashion world so the need to buy many pairs is common for many people. Sunglasses are like shoes they need a pair to go with every out fit.
What types of displays work best in a store?
The two most common types of sunglass displays used would be either a table top model or floor model. These types of displays take a very small foot print in your store. Most table top displays will hold around 24-48 pair depending on the rack. Floor models will hold on average 48-120 pair. We have seen nice displays from $30-$125 depending on what you are looking for.
How can I find a good supplier?
We suggest the internet, it is easy to do a Google or yahoo search for “Wholesale Sunglasses”. You can also use wholesale catalogs or other means to find a good supplier.