TRANSPARENT PRICING SYSTEM

A few notes on our transparent pricing system:

  • Our retail price will be rounded to the nearest 50c. 
  • As we have different types of fabrics used for one style we calculated an average cost per metre.
  • Our merino, cotton knit, and vintage wool fabrics were made right here in New Zealand. We pay a higher price for our salvaged/deadstock fabrics than we would importing new fabrics from overseas. But we believe the benefits to the environment, our local economy, and the higher quality fabric is worth it.
  • We have a short supply chain, as everything gets done by us in our studio. From design, some pattern drafting, cutting and construction, to orders being packaged and posted.
  • We take extra time and care adding bespoke elements like hand stitched labels, reinforced seams, hand tied threads, and box stitched joins, to name a few.
  • We charge our time at $25 per hour.
  • Overhead costs include rent, power, insurance, accountant fees, website maintenance, packaging & handling, and depreciation.
  • You will see some of our retail prices are below what our final total is. This is an issue a lot of small business in the industry struggle with. Wanting to be competitive, but also wanting to get paid what we are worth is a balancing act. As we are very new to this, it's going to be a bit of trial and error for us.
  • But we made the decision to be radically transparent and lay everything open here for you to see, as vulnerable as it makes us feel! 

 

How we have priced our products...

JACKET

Materials  - $53.50
Labour  - $87.50
Overheads -  $10
COST  $151

+10% profit margin $15.10
=$166.10

+GST $24.91
=$191.05

RETAIL $185

 

TEE

Materials -  $20.90
Labour  - $37.50
Overheads  - $10
COST $68.40

+10% profit margin $6.84
=$75.24

+GST $11.28
=$86.52

RETAIL $85

 

 

BEANIE

Materials  - $10

Labour -  $17.50
Overheads - $10
COST $37.50

+10% profit margin $3.75
=$41.25

+GST $6.18
=$47.43

RETAIL $46

BONNET

Materials - $17
Labour  - $25
Overheads  - $10
COST $52

+10% profit margin $5.20
=$57.20

+GST $8.58
=$65.78

RETAIL $65

 

SCARF

Materials  - $12.50
Labour  - $17.50
Overheads - $5
COST $40

+ 10% profit margin $4
=$44

+ GST $6.60
= $50.60

RETAIL $45

 

BOWTIE

Materials  - $10
Labour - $25
Overheads - $10
COST $45

+ 10% profit $4.50
=$49.50

+GST $7.42
=$56.92

RETAIL $45