Just wondering, now that the 8th is here, are there going to be any changes in your operations? Will the contests, reward points, be affected? Hopefully, for now at least, things will run along pretty smoothly for you.
Just wondering, now that the 8th is here, are there going to be any changes in your operations? Will the contests, reward points, be affected? Hopefully, for now at least, things will run along pretty smoothly for you.
Why are so many B&Ms going out of business? I get it that some are worried and uncertain about the effects of the deeming, but nothing has really happened yet and litigation is pending that may make the whole thing go away. There must be other factors.Sorry for the delay in answering your questions but I was not sure how to respond.
1) Things are not running pretty smoothly for us. Our sales are down by 75% and we have gone from 31 employees to 18. Many of our wholesale accounts (mostly brick and mortar stores) have or are in the midst of going out of business. Virtually all our wholesale customers report a drop of at least 50% in sales starting in June.
2) In preparation for August 8th we launched two new brands of e-liquid. Carolina Premium and RTS E-Liquid.
3) We must stop the contests that giveaway free rewards points.
4) We are in the process of adding about 150 FlavourArt, The Flavor Apprentice, Flavor West and Capella's concentrated flavors in the next 2 months. These flavors have been on sale by the manufacturer and other companies prior to August 8, 2016.
5) We will be launching a vastly renovated website on September 1, 2016.
Randy
Hope you are able to hang in there despite what storm may come.Sorry for the delay in answering your questions but I was not sure how to respond.
1) Things are not running pretty smoothly for us. Our sales are down by 75% and we have gone from 31 employees to 18. Many of our wholesale accounts (mostly brick and mortar stores) have or are in the midst of going out of business. Virtually all our wholesale customers report a drop of at least 50% in sales starting in June.
2) In preparation for August 8th we launched two new brands of e-liquid. Carolina Premium and RTS E-Liquid.
3) We must stop the contests that giveaway free rewards points.
4) We are in the process of adding about 150 FlavourArt, The Flavor Apprentice, Flavor West and Capella's concentrated flavors in the next 2 months. These flavors have been on sale by the manufacturer and other companies prior to August 8, 2016.
5) We will be launching a vastly renovated website on September 1, 2016.
Randy
Why are so many B&Ms going out of business? I get it that some are worried and uncertain about the effects of the deeming, but nothing has really happened yet and litigation is pending that may make the whole thing go away. There must be other factors.
State regulations are also forcing vape shops to close. Look at Indiana, Utah and now in my state of Pennsylvania, unless a miracle happens 99.9% of vape shops will be forced to close due to a 40% floor tax.Why are so many B&Ms going out of business? I get it that some are worried and uncertain about the effects of the deeming, but nothing has really happened yet and litigation is pending that may make the whole thing go away. There must be other factors.
First, I'm a satisfied RTS customer. The number above that's most surprising is shops reporting 50% declines in sales since June. I'm trying to understand that one. The few shops I visit seem to have most of their business from regulars. How does that decline suddently 50% in many many shops? My guess is the number of vapers is still increasing, not decreasing. Eliquid ingredients are consumed by people who vape. That can't have declined 50% so suddenly. I would have thought the 8-8 event might increase retail sales, not the reverse.Because their heart wasn't in it. They were only after the quick buck and rode the wave as long as they felt comfortable and now are moving on to the next "thing". It's about money by and large. If you have $200,000 worth of inventory you knew you might not be able to sell in 3 months, would you keep buying more or scale back your purchases and see what happens?
@randyith I'm sorry to hear about your current situation. I've bought many times from RTS Vapes and was always pleased with the service, I thank you for that.
So please, give that fact some thought before we start calling them traitors and just in it to take the money and run. Nobody here knows the personal situation of another so please be fair and refrain from passing judgement.
I know there was an owner in the background, but most attendants were very young, making the minimum, and the shops weren't the cleanest. Their are professional business-persons that go from hot thing to the next hot thing, just writing off business losses...or making a profit. It is about knowing what is going to be hot next and finding cheap resources. Not all of them, though.