Local Knife Shop

mwalle6

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I just discovered a knife shop in my area that carries a lot of the "better brands" that we all know and love. I went over there to check out the selection and thought I would pump some money into the local economy....and then I saw their prices. WOW!!! I just can't justify their prices when I can buy the same product for 40%-60% less online. I was browsing for about 20 min so I felt obligated to buy something, but when I asked about a Spyderco Police, which was high but I was going to bite the bullet, I was told that the tag on it was old and that the price was actually going to be higher than listed!! WTF! I have never heard of a store charging more than the marked price. So, I bought a No. 6 Opinel for $20 and got out of there. There was another guy browsing the Spyderco case who had the same reaction as me. Can anyone justify shopping locally at these kinds of prices? Or is my local store higher than yours? A couple examples:

Mini Grip - $110
CRK Large Sebenza Regular - $650
 
Brick and mortor are always going to be higher as they have higher overhead costs. I used to work in a knife store in the mall here, it shut down as it could not compete with online prices and most people who came in didnt know what the heck they were looking at and why it cost so much. If you have ever taken an economics course it becomes simply overhead. Its much cheaper to have a warehouse style building somewhere (cheaper than a store in a mall or shopping center) and put everything on racks and a few people working computers and those same guys ship out of house. Than employees working for a store which they rent (usually in a higher market area to attract foot traffic) with glass cases, limited space and usually no bulk purchases. The store I worked at would order a few knives/swords whatever at a time and charge MSRP, while most online stores do not charge MSRP. Heck even some places offer free shipping. Its just incredibly hard to own a knife store and compete when you factor in every detail some of which I know I have left out.

The only big advantage to a brick and mortor establishment is of course you get to....HOLD IT! Thats the risk of buying online but nowdays with reviews and some places offering free return shipping if you are not happy. Buyers are not as hesitant to buy online. I now go to gun or knife shows to hold knives and get a feel for things as 1) there are almost no knife stores within 50 miles of me and 2) the knife stores that are close do not have as wide a variety of knives as shows by a long shot.

One great knife store near me (near meaning 2 and half hours) is County Knife and Tool (hope I am not spotting) and it has a very wide variety of knives and tools there. However there prices are very high and I almost never buy anything but a machete or axe of some sort. Thats in the middle of Amish country in PA and they STILL have high prices. Compared to here in the DC/Metro area where renting a space in a mall or a building is probably twice as expensive.....Sorry for the rant but it really is economics.
 
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Untrue. Most of the BF dealers have brick and mortar. With the same prices as online. I suppose the volume makes up for it. That and the fact that 90% of their volume is online.
 
Untrue. Most of the BF dealers have brick and mortar. With the same prices as online. I suppose the volume makes up for it. That and the fact that 90% of their volume is online.

Then why do places like Chesapeak knife and tool which were brick and mortor sell for MSRP? They had a website as well but they couldnt lower there prices and keep up with costs. Oh because they were in malls and shopping centers. Knifecenter of course has a warehouse (using them as an example) but in a part of town thats an industrial park where prices are lower for square footage. You cant compare a warehouse that holds knives to brick and mortor stores in high volume areas.

I cannot speak for the dealers here but many I would wager are not in high traffic/downtown areas. Country knife and Tool has a website and fabulously large array of product but there costs remain high in a very rural area. You would think if they lowered there prices and took more interest in online purchases they would see more sales but I cannot say as I dont know there #'s. That place somewhat befuddles me.
 
I just discovered that a pretty large web store kept their brick and mortar location in my hometown and has a little walk in business as well. Their prices are not quite MSRP but they are definitely high compared to other online retailers. I was shopping for some blades one day and just asked if they would be willing to price match. The owner was a little reluctant at first but was actually very cool about checking out the competitors price and agreeing to either match it or come close. I know your situation is different being a truly local small knife shop whose owners are no doubt dealing in much lower volume, but it definitely wouldn't hurt to ask if they would be willing to price match.
 
$20 for an Opinel #6?
wow!
i thought $12 for a #8 at William Sonoma (expensive kitchen store) was bad.
 
Then why do places like Chesapeak knife and tool which were brick and mortor sell for MSRP? They had a website as well but they couldnt lower there prices and keep up with costs. Oh because they were in malls and shopping centers. Knifecenter of course has a warehouse (using them as an example) but in a part of town thats an industrial park where prices are lower for square footage. You cant compare a warehouse that holds knives to brick and mortor stores in high volume areas.

I cannot speak for the dealers here but many I would wager are not in high traffic/downtown areas. Country knife and Tool has a website and fabulously large array of product but there costs remain high in a very rural area. You would think if they lowered there prices and took more interest in online purchases they would see more sales but I cannot say as I dont know there #'s. That place somewhat befuddles me.

Country Knives are about an hour from me, and I enjoy stopping in there when I am in Lancaster. Their selection is stellar, their customer service and knowledge are great, they even have quite a few discontinued pieces. Their prices, however, are outrageous. If I am looking for a discontinued knife, or if I am just going to browse, I will make it a point to stop by. If I'm not buying a discontinued knife, I might get a hat or something similar. Great people, but their prices are terrible. I don't know what Brian is doing, but if it works for them, so be it. The only other two actual brick and mortar knife shops I've been in have been Willey Knives in Delaware and Edgeworks in Frederick MD. Geri at Willey Knives and Sean at Edgeworks are very knowledgeable about knives, and have great customer service. Their prices are higher than online stores, but they're not bad. I visited Edgeworks over the Memorial Day weekend, and I plan on visiting Willey knives again while on vacation down the shore.

I buy my stuff from New Graham usually, or here used in the Exchange. New Graham has a store front, but they do a lot of business online, and as some dealers have said, they're a pharmacy, not just a knife shop. How Michael operates his business is not my concern, he has great customer service and staff. I used to get a lot of knives from Grand Prairie and Knives Plus, but stopped when I just got better deals on used knives in the Exchange. They have store fronts, but their prices are not bad. They do a lot of online business. Country Knives, Edgeworks and Willey Knives are all three small shops, and while you can order knives off of Willey's and CK's sites, and not Edgeworks, it would be a big hassle for their small operation.

It's a good thing too, because I would blow my vacation or trip money just in those stores alone if their prices were at the internet store level!
 
Overhead overhead overhead!

I hear the same complaint about my local record store (fortunately I'm in a city that still has one) because they have to buy products in advance and then just let them sit until someone buys it (maybe never, in the case of many of those used records that have fallen way out of style).

Basically, you are paying not only for the knife itself, but also for the cost the store pays by holding onto all of those knives they don't sell as fast or at all.

However, I have seen at least one person get a better deal at the store than they would have online... :D
 
Brick and mortor are always going to be higher as they have higher overhead costs. I used to work in a knife store in the mall here, it shut down as it could not compete with online prices and most people who came in didnt know what the heck they were looking at and why it cost so much. If you have ever taken an economics course it becomes simply overhead. Its much cheaper to have a warehouse style building somewhere (cheaper than a store in a mall or shopping center) and put everything on racks and a few people working computers and those same guys ship out of house. Than employees working for a store which they rent (usually in a higher market area to attract foot traffic) with glass cases, limited space and usually no bulk purchases. The store I worked at would order a few knives/swords whatever at a time and charge MSRP, while most online stores do not charge MSRP. Heck even some places offer free shipping. Its just incredibly hard to own a knife store and compete when you factor in every detail some of which I know I have left out.

The only big advantage to a brick and mortor establishment is of course you get to....HOLD IT! Thats the risk of buying online but nowdays with reviews and some places offering free return shipping if you are not happy. Buyers are not as hesitant to buy online. I now go to gun or knife shows to hold knives and get a feel for things as 1) there are almost no knife stores within 50 miles of me and 2) the knife stores that are close do not have as wide a variety of knives as shows by a long shot.

One great knife store near me (near meaning 2 and half hours) is County Knife and Tool (hope I am not spotting) and it has a very wide variety of knives and tools there. However there prices are very high and I almost never buy anything but a machete or axe of some sort. Thats in the middle of Amish country in PA and they STILL have high prices. Compared to here in the DC/Metro area where renting a space in a mall or a building is probably twice as expensive.....Sorry for the rant but it really is economics.

I understand the economics of a small business, as I work in one, but there has got to be a balance between the very low online prices and the very high in-store prices. I wouldnt mind paying 5% maybe 10% more to be able to take it home with me that day. If they lowered the prices, they would move more units, and make more money. Maybe it takes selling twice as many knives to make the same amount of profit, but that's what I would do. Trust me, the store I am talking about does not move much product. They have old knives in there. Not a "newish" model in site. Makes me think they have been sitting in that glass case for years.
 
SilentHunterStudios I appreciate that you added that they have great customer service. I hope I did not come off too harshly about the stores, they are great stores and there staff are knowledgable. Thank you for mentioning Edgeworks in frederick, I have been there many times and its a joy to visit. Agreed there costs are not as high as some places but again still high. When you hire good people, customers come back and people remember. I dont mind paying a LITTLE bit more for knives if the service is good and I get to hold it first. But like the OP mentioned everyone has a line.

mwalle6 I agree, I'd pay 5 or even 10% more depending on the knife in question and availability. But when one place is asking $80 for an endura and another is asking $59....you really ask yourself if your willing to pay the difference.
 
NGK is pretty rural. Very rural... I have to drive over and under mountains to get there. :D
 
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