The new year is upon us, and with it, news about some price increases. Price increases are never popular (no kidding), but unfortunately…
Some have already taken place from the manufacturer or distributor, some to come, but in our shop, both bricks & mortar and online, all these price increases will all take effect February 1st, 2015. Please take advantage while you can!
Palomino is raising the price of their 12 packs from $19.95 USD to $21.95 USD. Our price is currently $19.95 CAD, which was set when the Canadian dollar was a little stronger for us. Now, that is a terrific price! …but not a sustainable one for us, with the exchange. Here are the increases:
12 pack will go from 19.75 to 24.50 (MSRP 21.95 USD)
3 pencils will go from 5.50 to 6.75
1 pencil will go from 1.85 to 2.25
Field Notes is not actually raising their prices, but unfortunately, we also cannot sustain a dollar for dollar pricing with USD. Field Notes are $9.95 USD for a 3-pack, which we sell for $9.95 CAD. We are raising the 3-pack price to $11.50 CAD.
We are also raising the price of their seasonal editions, which are more expensive to us than their regular line, even though they have the same MSRP. We currently sell them for $12.00 CAD, and we’re raising them to $12.50.
Please remember with these US based companies, we also pay international shipping, customs charges, duties, we have higher risk for damaged product in transit, and we lose money on the exchange rate! We want to offer you these goods at the most competitive price that we can afford to.
Pilot is raising their prices slightly on most of their products. Some of our Pilot products will have a very small price increase but here are the big ones:
Metropolitan: from $19.50 to $21.50
0.4 and 0.3 mm Hi Tec C Gel pens: from $3.30 to $4.00
Fineliner: from $2.00 to $2.50
G2 Gel Pens: $2.25 to $2.95
Iroshizuku inks, Parallel Pens, 78G, Prera & Plumix will all stay the same pricing.
Canada Post typically increases their prices in January, as they did last year. Last year, we did not increase our prices to try and stay competitive. However, it’s a pretty big jump this year, in addition to the elimination of their 2% automation discount for using their online tools.
Canada Post recently increased their stamp price for $0.63 to $0.85, which is massive, but a strategy to attempt to keep the postal system alive and healthy. Similarly, they’re removing door-to-door mail delivery and replacing it with community mailboxes. In this day and age, with hugely reduced volume in mail and increases in fuel costs, they’re also raising parcel prices across the board.
Our current rate is $7 flat for orders under $100. However, this $7 only covers a portion of the cost to ship, and if you live on the east or west coast, it sometimes doesn’t even cover half of it. I love that one of our longtime online customers – who lives in Yellowknife – intentionally waits to build up a bigger order to help us with the shipping costs.
Sometimes US or international fountain pen lovers are surprised at how expensive this seems, since in the US especially, you can send parcels for only a few dollars. Not only is the USPS a massive postal system, they also offer FREE boxes! We try our best here to re-use packaging material, for environmental as well as financial reasons, but it’s still a cost for us that definitely eats into our margins.
We are raising our flat rate shipping to $8, and increasing the free shipping threshold to $125.
I’m sorry to be a bad news bear, especially at this time of year when it’s a fresh start and we’re rearing to hit the ground running. We’re hoping these price increases reflect fair prices for Canadian dollars as well as sustainable long-term growth for our small business. Thanks for all of your support, shopping local, and keeping small business alive.