Fabric Stock Exchange History
Earlier company descriptions, brand line-ups, store counts and photographs from the history of Fabric Stock Exchange, kept for historical reference.
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The Company Description of Its Time
The Fabric Stock Exchange is this letter's fabric broker, and the historical record states the offer in capital letters for a reason: a fabric brokering service that specializes in selling first quality, off-price, immediately available fabrics at below wholesale prices. Three qualifiers do the work in that sentence. First quality separates the stock from seconds and job lots; off-price and below wholesale name the bargain; and immediately available is the broker's real product, because a designer who needs fabric this week cannot wait for a mill's production calendar. The company has been bringing buyers and sellers together, the filing says, for over 30 years.
What They Sell and How Buyers See It
The range claim is total: they sell all types of fabrics, including silks, cottons, linens, wools, rayons, polyesters and blends, in both wovens and knits, stretch and non-stretch - prints, solids, yarn-dyes and novelties, at all price points from popular to designer priced fabric. A broker who stocks everything lives or dies on sampling, and the filing's sampling system is its most practical detail: they send samples of available fabrics to buyers each week of the year, free, so buyers can see, touch and feel the actual fabric they are purchasing before they purchase. In a trade where hand and drape decide orders, a free weekly sample packet is the showroom.
The rest of the service wraps around a small buyer's constraints. A low minimum yardage requirement enables small and medium size companies to purchase the quantities they need without overbuying - the exact opposite of mill minimums. The company exhibits at 5 trade shows each year, where buyers can see hundreds of fabrics at one time. Buyers can post their fabric requests at fabricstockexchange.com, where fabric sellers nationwide can view and respond immediately, and sellers receive weekly emails listing current buyer requests. The filing closes with global sourcing knowledge: years of experience purchasing fabrics overseas, relationships with freight forwarders, and current knowledge of duty, quota and freight charges. The filed address is 34 Rocking Horse Way, Holland, PA 18966, with contact Sheryl Sapriel.
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References & Further Reading
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