Key Points Consumer spending is unchanged for the most part; frugal “defensive” spending is still ongoing Disinflation is working but still at a slow pace; the job market is also staying robust The recession is still delayed, but the Fed is likely to approve another interest rate hike this month, which might help speed up…
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Artificial intelligence (AI) has come a long way. It may not be as highly advanced as depicted in movies but suffice it to say that it’s now reached a point where it can do many things once it’s been sufficiently trained. With many options now available, AI tools are revolutionizing how people work with impressively…
Did you know you could earn at least $100,000 a year from a small screen printing shop? This isn’t some random number we invented. This is actually the yearly average earning for a t-shirt shop in the US, according to the American Screen Printing Association (ASPA). It is a very profitable business that you can…
Key Points Mixed sentiment continues, but consumer spending and overall confidence seem to be improving or remain stable Various apparel brands reported positive sales and are optimistic about their prospects for the rest of the year Based on current conditions and with the HOPE framework, the recession is once again delayed June has quickly come…
You may have heard how easy direct-to-garment (DTG) printing is, how DTG is the future, and how you can earn as much as $1,000,000 a year from DTG printing alone. However, the advent of direct-to-film (DTF) printing – where you print designs onto a transfer film, then transfer it to the garment by heat press…
In this post, we’ll help you determine the right amount for markups and margins so you can make substantial profits to boost your print shop’s finances. The formula for profit is simple: price – cost = profit. The question is, how can you price your product for profitability? Let’s look at two common pricing strategies:…
Is your pricing matrix done correctly? Mark Coudray, a strategist in the print industry, thinks this might not be the case. He talks about what’s wrong with pricing matrices and how if you’re not careful, taking on more orders makes you less money. What does he mean exactly? Let’s get a good view of this…
Key Points Overall household spending has seen declines in many categories, indicating softening customer spending and demand Major apparel brands see mixed results, with poor sales in activewear but substantial performance with beachwear Recession fears persist, with some analysts warning that it’s still on track for late 2023 In our previous article, we noted that…
There are plenty of options to shop management software suites outside of Printavo. What are you looking for as a user? Maybe you need quick quote and invoice creation, streamlined customer communications, or an easier way to manage multiple jobs. We’re making it easier for you to make a choice by providing a comprehensive list…
Key Points Consumer spending saw little change, but rising prices will eventually force consumers to start saving up First Republic Bank’s failure has only exacerbated even tighter lending standards which may persist to 2024 Print shop owners need to be acutely aware of unexpected headwinds that may occur in the months ahead Trends have remained…