In an effort to keep our shoppers up to date on issues related to product availability and pricing we are reporting a price increases to future candles. Soy Wax, along with all forms of soy products, are seeing increased demand and production shortfalls. There are a variety of issues at play behind these supply shortages and they are less important than the fact that we must pay more for wax.
The least expensive supplier for the soy wax we use has raised their prices 17% since the last time we purchased wax. Other suppliers are higher per pound of wax. With our margins being extremely tight on candles, we are forced to raise prices on any candle we make with future wax orders. For now, we are looking to increase candle prices 10% over current selling prices.
The prices increases will ONLY affect future new and replenishment inventory. All current inventory will not see a price increase.
We will have to be conservative on our candle production as well, as there is limited inventory of some fragrance oils. As we get closer to fall, those inventories are likely to get worse. Some of our Fall/Winter and Holiday seasonal scents will be XLTE [Extra Limited Editions]. Being that have to buy in smaller quantities, prices for these items will be even higher. We also plan to introduce Wax Melts this Autumn. We are not planning to offer them in all fragrances. We will focus on our Fall/Winter and Holiday scents first, then expand to other scents based upon popularity.
Looking ahead, we are not seeing any issues related to other product lines as we have been well stocked on our most commonly used ingredients and packaging. We are prepared for low/no inventory situations if they arise. We will expand information around fragrances to make it easier to choose an alternate fragrance in an out of stock situation. We will keep our Scents & Fragrances list up to date with all options.
J&L wishes to remain a value to our customers when it comes to natural specialty items and will strive to keep our prices more reasonable when compared to like makers out there. We regularly monitor what others are doing to maintain our competitive edge. This price increase may only be temporary until the soy prices stabilize.