Friday, March 27, 2009

Recession Proof?

I have told all of you that I work at my LYS called Knit Knack in Olde Town Arvada. I love working there, no joke. Teaching there is the highlight of my week. So, imagine my excitement when I begin to notice how well the shop is doing. Seriously, every time I am there it is packed full of yarn enthusiast.

Why is that? Isn't this nation in a huge recession or even an almost depression? Should a business that sells hair from a sheep for top dollar be doing well? OF COURSE! I think this yarn shop thing is not only a niche craft but seems to be some what recession proof.

And it looks like I am not the only one to have noticed this. Tonight, I watched Nightline and they did a special on a knitting club in England. But I couldn't find that link. However, I found a link for another story. A story that lets me know that my LYS is not the only one doing well. Even a shop in Albuquerque New Mexico!

The funny thing to me is that the reporter says that this craft is booming because it is a craft that doesn't cost a lot of dough. HA! She must not have looked at the prices of the yarn at that shop. Am I right?


caednkat said...

It really doesn't cost a lot. You can knit or crochet with wonderful yarn (even all natural fibers) that you can pick up at any hobby store. Aside from that you don't have much of a start up cost to take up either hobby. Just a hook or some needles and the yarn. It keeps you entertained for hours.

I think the biggest thing to the boom though is that people are so stressed right now. They have talked themselves into the mentality that making your own clothes and gifts is cheaper then buying them. So you have more people turning to handicrafts that produce lovely items and keep their hands and minds busy.

Allegra said...

Yay for Knit Knack! I am so happy that it is doing so well, especially with so many LYSs closing around the country!

melissa said...

i think crafts tend to be recession proof because the hours of entertainment they provide. i may spend $80 or more on the yarn for a sweater that i'll spend a few weeks of my free time knitting, but how far would $80 go if i used that money to go out to dinner, movies, drinks? in the end i'll have a new sweater that i'll enjoy for years, hopefully, rather than just the memory of a good meal. :) us crafters, we're smarter than people think!