|| Print ||
|Articles - December 2010|
|Wednesday, November 17, 2010|
Page 4 of 6Consumers are looking for deals
The same trend that has businesses hunting for bargains also applies to consumers. They want to spend less but they don’t necessarily want to give up on quality. As a result clothing consignment shops such as Here We Go Again in Portland are doing more business than ever. Owner Chris Gauger saw an immediate rise in both buyers and sellers when the bottom fell out of the economy in September 2008, and her nine-employee, two-store business has grown steadily since, enabling a series of upgrades and investments.
“When the economy went down we started seeing people who never would have thought of consigning before,” she says. “People started asking themselves, ‘Do I really need three or four handbags?’”
With all the new merchandise flowing in from new sellers, Gauger was able to be extremely selective in her purchases. She estimates she turns away 80% of the clothes she gets offered, buying only the top brands in great condition. She is able to offer up-scale clothing for about half what it costs new, splitting the proceeds 50-50 with consigners. She estimates she writes about 500 checks to consigners per month. On a busy day her staff will bring in 50 to 100 new items selected from hundreds of offerings.
With sales picking up in both stores, Gauger moved to invest. She rebranded the business with a new logo, upgraded her in-store technology, improved her online presence by marketing through Twitter and Facebook and buying a space on the deal-of-the-day website Groupon, and organized a successful bus tour of the consignment stores of Portland on Super Bowl Sunday. She also managed to sprint through a low-budget, high-impact remodel at her store just off SW Macadam Boulevard without losing any store days.
First she did the painting herself with help from staff. Then she convinced her landlord to let her set up a short-term pop-up store in a nearby vacant space so she wouldn’t have to close for remodeling. She and her staff wheeled all the merchandise over into the temporary space in a single night and got the new space up and running for the next business day. While employees worked out of the temporary space, workers for the Portland-based contractor Interworks remodeled the store to improve the lighting and ambience. The project took a mere 12 days and cost less than $20,000. Gauger plans to remodel her store on Northeast Broadway next.
Gauger, a slim, energetic woman with a master’s degree in dance, was in a stressful position as the economy dropped off. She had just expanded into a second store, and recently had been diagnosed with breast cancer. Now both stores are doing great and her cancer is in remission. She finished the 5K Susan B. Komen Race for the Cure in Portland in less than 30 minutes.
The recession brought a whole new supply of customers that she has worked hard to win over, and the powerful national trend toward living simpler and greener plays into her industry nicely. “People want better stuff, and less of it,” she says. “We see that every day.”
Wednesday, October 21, 2015
BY JASON NORRIS | CFA
Volatility reigned supreme over the summer. The old Wall Street adage of, “Sell in May and go away,” was prophetic in 2015.
Tuesday, November 17, 2015
BY LINDA BAKER
The past month has been marked by upheaval in the health insurance markets. I also check in on clients of the Export-Import bank, a federal credit agency that subsidizes, and insures, foreign exports.
Friday, October 30, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Worldwide Leader in Sports struggles to cope with new media landscape, forcing us to adjust our behavior as consumers.
Thursday, November 12, 2015
BY LINDA BAKER
I walked off the Vigor Industrial shipyard that day with a clear cover line in mind: the Love Boat.
Wednesday, October 28, 2015
BY APRIL STREETER
The world's second-largest wind energy project yields costs and benefits for a sheep-farming family in Eastern Oregon.
Monday, September 28, 2015
BY TIM NEVILLE
A Power Lunch at Zydeco Kitchen and Cocktails in Bend.
Friday, November 20, 2015
PHOTOS BY JASON E. KAPLAN
|The Love Boat|
|The Food Pod Grows Up|
|The High Road|
|Tinker, Tailor, Portland Maker|
|The Shift to Community Health Care|
|The Harder They Fall|
|Another chapter to the Bezos/Musk space race story|
|Thanksgiving travel: Fuel costs low, terrorism anxiety high|
|Costco chicken salad linked to E. coli case in Washington|
|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
|Startups joining lobbying game|
|Merchants complain as Square goes public|
Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.