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14 Aug 2012 12:49 Categories: WKD Latest Product News Comments: 12 comments Tags: Fully fashioned stockings
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Running a business it's rare to get through the day without some kind of drama. Last Friday we had a slightly bigger drama than usual when we found out the factory that makes our fully fashioned stockings had gone into administration with immediate effect, and that all the stockings we had on order would not be delivered.
Making fully fashioned stockings is not glamorous. The machines are 30 feet long, weigh tonnes and are highly tempermental. Get it right and you'll make 30 pairs of fully fashioned stockings an hour. That's right, just 30 pairs! The factory went in to administration because it thought it couldn't sell stockings at the price it needed to. Until a week ago there were two factories making fully fashioned stockings in the UK and a couple of years ago they were both taken over by two parties who both started a price war to build market share. Our factory was running nearly 24 hours a day over 3 shifts, didn't offer credit to stockists (or didn't to us at least!), and still couldn't turn a profit.

Here at What Katie Did we look at the long term and concentrate on building a strong business for years to come. We might be slightly more expensive than other retro brands, but this is because we don't put price pressure on the factories we work with to ensure that we receive well made lingerie, on time and will do for years to come. If you cut corners something has to give.
Where does that leave us? We are hopeful that the factory will come through. The last American factory closed last year and to lose 2 out of 4 remaining fully fashioned factories in such a short space of time does not bode well. Although we do have plans we're keeping are cards close to our chests at the moment. As we had no notice of the factory closing we will be out of stock for a few weeks, but hopefully stock will be arriving in late September.
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Comments |
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RocketJ, 22 Aug 2012 |
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jcdubs, 15 Aug 2012 |
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Mabels, 15 Aug 2012 |
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Hair 38, 15 Aug 2012 |
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Nylon-Mode.com, 15 Aug 2012 |
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theprovocateur, 15 Aug 2012 |
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Suzannah x, 15 Aug 2012 |
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Suzannah x, 15 Aug 2012 |
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Suzannah x, 15 Aug 2012 |
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m_steelgrave, 15 Aug 2012 |
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pettythief, 15 Aug 2012 |
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chris lee, 15 Aug 2012 |
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