Starting a knife store - what brands would you carry?

bae

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Say you were thinking of starting a knife store in a seasonal tourist area, in the Pacific Northwest. It'd be a small-sized store - a couple hundred square feet at most.

What brands would you stock? What other goodies would you carry?

You can't get too much into the general camping/adventure arena, because there's already a sporting goods/fishing supply store down the street, and a kayaking store.

Your primary target market is the visitors - the locals for the most part won't spend big money on knives and such, or are clever enough to order them over the Internet.

Let's hear your thoughts...
 
Brands - keeping in mind that most "average folks" think that spending $100+ on a knife is a lot of money, I'd stock a lot of stuff by CRKT, Timberline, and Outdoor Edge. Slipjoints are also popular, so having a healthy selection of Case, Schrade, Buck, and Camillus would be good. And you cannot forget about the good ol' SAK's - Wenger and Victorinox. These are quite popular even with the non-knife folks. And for those who dabble in high end knives, you cannot go wrong with Benchmade (any of their Axis Lock folders), Spyderco, Emerson, and MicroTech.

Tools are pretty hot - Leatherman, Gerber, and SOG combined make more tools than you can shake a stick at. Lest we not forget about those credit card sized tool kits by Tool Logic, Victorinox SwissCard, or those credit card folding knives (SpyderCard, MT Option II). Flashlights are also a good idea - MagLite, UKE, and some Streamlight models. Maybe throw in the SureFire E1 and E2 but that's it from this brand. Like knives, folks think its crazy to spend an exhorbitant amount just on a flashlight!

That's about all I can think of now. Good topic!
 
Microlights are good, along with other keychain do-dads like lanyards and ring disconnects. Don't forget the sharpening equipment, small pocket sharpeners would make a good impulse buy for a knife-nut on vacation. Money clip knives are good, and grooming stuff like razors, nail clippers and files. And sheathes, nobody sells simple sheathes anymore.

One piece of advise; don’t turn your back on a customer just because he is a local on a work break looking for a sheath or other minor item you don’t carry. The knife shop on Pier 39 here in San Francisco will never see a dime of my money, and I spend way too much of it on knives. Their loss.
 
1st Victronox, (Knives, tools, and watches), and Leatherman.

2nd Spyderco, CRKT, Buck, Cold Steel FB, and Kershaw.

3rd Benchmade, Microtech, Camillus Cuda+BK&T

4th Chris Reeve and Randal
 
Seems like lower-end stuff (by which I mean low in price, not quality) is the bread-and-butter of any business. Stuff like Leatherman tools, Buck, Case, Kershaw, and the cheaper Spydercos (Delica, Endura) will probably move better than high-end Spydies, and comparably priced stuff by Benchmade. That said, any knife that stocks some customs will probably draw more serious knife-nut attention. I remember when Pioneer Valley Knife & Tool had a storefront, people used to drive up from CT to check out their stock. That's at least a 45 minute drive. My personal preference would be to try to stock enough cheap, high-volume knives to pay the bills, and enough custom stuff to become a "destination store" for folks.

Most importantly, hire good help and keep them happy. People will buy from anyone once, they'll come back because they were treated well and are happy with what they bought. It'll pay off down the line in increased efficiency and higher repeat sales.

My .02, take it for what it's worth.
 
In among the $100 knives, let me also recommend stocking some of the Forschner/Victorinox line of kitchen cutlery. The kitchen knives are inexpensive to reasonable in price and give great value for money. That (V4$) always brings me back. Find room for a few Opinel knives, perhaps some Moras. You'll sell some $10-$20 knives to people who walk in 'just to look around' and can't afford the $100 stock.
 
Originally posted by Burke
My personal preference would be to try to stock enough cheap, high-volume knives to pay the bills, and enough custom stuff to become a "destination store" for folks.

I think this is an excellent strategy. You want to have a low enough entry point to attract impulse buyers, even among the locals, and enough high-end stuff to snare the knife knuts.

Now, about pricing - there's the deep-discount approach, the list-price approach, and the in-between approach...
 
To reiterate good points above, be sure to have plenty of entry-level/gift-level items from Victorinox/Gerber/Kershaw and a step-up in quality for second-timers to Camillus and low-end Spyderco. This will be the bulk of your knife sales (along with multi-tools, esp. Leatherman). Benchmade would be the obvious choice for your high-quality production pieces along with Spyderco. Everything you have above that will mostly be for display (very low sales volume), but will help sell the lower stuff and keep your store interesting.

In addition, try to piggyback on the fishing and kayaking store's business by offering knives that would appeal to those customers who are already being drawn there by that market. Fillet and fishing knives and fixed-bladed river rescue knives in kaydex sheaths made for life-jacket attachment.

There is a successful knife shop near me and one thing they do is offer a sharpening service. This is a decent little side-business and increases traffic in the store. They also put MSRP list prices on the knives and then a discount price right under that for all their volume knives. Nobody wants to pay retail any more, especially with the internet competition.

I've worked in a couple of retail businesses and one thing I've learned is that to be successful, you have to think about having two kinds of merchandise. The first one is already stated: good knives. That's what makes the customer walk in the door. The second kind of merchandise is crucial to success: it's everything else that someone might possibly buy if he came in to the store to look at some good knives but didn't buy one this time. Before he walks out, he should have the opportunity to drop some cash on impulse buys that are inexpensive. Stuff like knife lubricant, Photon micro lights, cheap sheaths, knife magazines, keychain stuff (like whistles, screwdrivers, compasses, etc.), hats, and just anything you can think of in this category. You might even want to include stuff that has nothing to do with knives but that a typical tourist might be in need of, like chap-stick, candy, local map, sunglasses, whatever. You are going to be getting full mark-up on these impulse items and it will add up to an important part of your business. If you don't have any impulse stuff, 98% of the people who walk into your store will walk out without spending any money and will remain a completely untapped resource for you.

One more thing: make friends with the local shop keepers, especially the ones at other sporting goods stores. They will be referring customers to you if they like you. For starters, you might want to give them preferential pricing and service.

I don't know if your question is for use or just curiosity, but if you plan to open a shop, good luck!
 
Hey Guys..

I think a better way of looking at this is...

What Brands Wouldn't you Carry???

Smith & Wesson
Walther
Frost
Chipaway Cutlery (That one Always makes me laugh)

Kinda like

Dull Edge Brand
or
Crap Steel Knife Company..LOL

Stuff like that....

ttyle

Eric...
 
Please forgive this newbie, but what is the knock on Walther knives? Are they pure garbage, or are they just more of an "economy" knife like CRKT that (IMHO) often gives good value for its price?

Thanks.

Matt
 
well I think you got enough advice for the knives, but don't forget to have great customer service. Let them try the blades, and a smiling face can't hurt. If the customer is refunding/exchanging, treat them good, even though no one really wants to see refunds.
That way, the customers would know that your store is a nice one, and they're less likely to change stores.
I know because I go to this store often, and this new guy was giving kinda fits when I was exchanging a knife (well more like upgrading because I end up paying even more than i had before). Well I know that it's a new guy and I wouldn't hold the store responsible for it, but some people would.
 
Hi,

I would want to know more about the demographics in your area. Are they prone to spend more than $50 on a knife, more than $100, etc. Also depends on whether you want to do an integrated internet business too - this will take more capital, but may increase your market significantly.

That said, the brands I think are bread and butter are, in no particular order:

Case
Camillus
Cold Steel
Spyderco
Benchmade
Kershaw
Outdoor Edge
Gerber
Marbles

Good to carry a few nicer knives too such as CRK.

All the best if you get a store set up.
 
Hey Matt...

The knock on Walther is that their knives are Crap...
Old man Walther would be spinning in his grave if he knew what was happening to a once trusted outstanding name.

Much the way Smith and Wesson pimped out their name..

As far as a comparison to CRKT.. There is no comparison there.. CRKT is fast becoming a respected name with good to excellent quality knives..

A better comparison would be to Home Shopping Network knives.. Walther is slightly a step ahead in my book...

Nothing I hate worse then "Bin" knives....

Save your money and buy a name you can depend your life on....

ttyle

Eric....
 
I agree with Geode, (need more demographics, psychographics) where are the people travelling from? e.g. if they're flying in, chances are they're not going to buy a nice knife and risk losing it at the airport!

Also I believe these days it's crucial to have a website to accompany your other marketing communications. People are starting to expect it, even demand it. I know i like to browse product catelogues and prices, etc. before i go to most specialty stores. Definately educating your target market should be a priority for your sales staff. Opening their (customers) eyes to the differences in quality, backed with rationale will prove handy in increasing the amount of upselling.

That's my addition,

Lates...
 
If you want to keep with the Pacific Northwest flair, you could stock the stuff that is "local" and play off that.

Let's see here..... what do we have....

Benchmade for the "higher end" folks;
Kershaw is in Oregon too;
Gerber and CRKT for the bargain bin stuff (and a multitool or two);

Toss in a good ol' Boguszewski piece, and you got a Northwest Potpurri of blades. There's plenty of gadgets around local too, if ya look for 'em
 
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