|| Print ||
|Articles - December 2010|
|Wednesday, November 17, 2010|
Page 2 of 4
Celeste Sipes, a designer and owner of Radish Underground, a boutique that sells clothes from independent designers, said it can cost as much as $45 to get a skirt made locally. Adding to that the cost of material, and a $10 to $15 profit for the designer, can alone push the wholesale price up to $65 or $70.
Retailers then mark up the price as much as double what they pay wholesale.
Runway’s Ceccanti said after retail markups her T-shirts generally sell in stores for $95, while her jackets can run as high as $700. After subtracting material costs, the money she makes for the time spent designing and sewing can make it a below-minimum-wage job. Finding consumers willing to spend that much for a no-name local designer is difficult.
“The market really isn’t here,” she says. “My ideal customer here is poor, like me. Everyone kind of works trade and that’s really great because it means everyone is really supportive of each other, but you can’t trade for your groceries.”
Designers who are able to sell a full collection to boutiques buy materials in Los Angeles or other places and often manufacture their lines there as well. But even those designers have hit a ceiling on success in Portland.
Anna Cohen ran her own eponymous fashion line from here for three years. Her clothes were featured in spreads in Vogue and Elle magazines and were sold in boutiques across the country. But she was unable to find local investors to grow her business, forcing her to run it with interns and borrowed money.
“When Vogue is calling, what do you do? You just have to say yes, at least that’s what I thought,” she says. “I kept having to take out money and borrow money and live very frugally for a long time.”
Each new fashion magazine spread brought more orders, which required more money. The way fashion works, it can take 18 months to earn back money from sales. Cohen’s breaking point came in March 2008, after fabric came back from her L.A. manufacturer with seams unraveling, forcing her to cancel orders. She folded the same month her clothes were featured in O, The Oprah Magazine, a glaring example of the disconnect between image and business reality.
|The more they change, the more they stay the same|
|The 2014 List: The Top 33 Large Companies to Work, For in Oregon|
|The 2014 List: The Top 34 Medium Companies to Work, For in Oregon|
|The 2014 List: The Top 33 Small Companies to Work, For in Oregon|
|The future of money|
|Cerberus Capital to buy Safeway|
|U.S. adds 175,000 jobs|
|Bitcoin creator revealed|
|Staples closing 225 stores|
|EU to offer aid package to Ukraine|
|Daily sugar intake 'should be halved'|
|White House reveals 2015 budget|
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
Allowing individuals to access their own healthcare options has created more difficulty instead of making things easier. There are so many examples that illustrate why agents are more important than ever in helping businesses and individuals determine the healthcare coverage that best fits their need.
The 2014 World Trademark Review 1000 (“WTR”) recently named Lane Powell as one of the top trademark law firms in Oregon and Washington, and Lane Powell attorneys Kenneth R. Davis II, Parna A. Mehrbani, Frances M. Jagla and Paul D. Swanson as top individuals in the practice.
Capital Pacific Bank, a Portland-based community bank serving businesses, professionals and nonprofit organizations, today announced that it has earned recognition as a Certified B Corporation by B Lab, a nonprofit organization dedicated to building a community of socially responsible businesses. The bank is one of six financial institutions across the country to achieve B Corp status.
On Thursday, April 3, from 8 a.m. to noon (registration begins at 7:30 a.m.), Lane Powell will team with Oregon Business magazine for a half-day seminar titled “Best Practices For Best Employers™: How to Become One of ‘Oregon’s Best Workplaces’ Starting Today!”