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BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin

 
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Old 01-02-2012, 11:57 AM   #1
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BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


BOMBSHELL. You heard it here first. 40% paint price increase by December

HOT OFF THE PRESSES. There was a 8.5% increase last October, then in February another 8.5% increase will hit. Then every quarter a 10% increase.

So by December Sherwin Williams paint will be 40% more than it is right now.

Their Duration is list price $53.00/gal and by the end of the year it will be $87.00.

Welcome to 2012! Kiss your favorite corporation day is approaching!
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Old 01-02-2012, 12:16 PM   #2
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Quote:
Originally Posted by nEighter
BOMBSHELL. You heard it here first. 40% paint price increase by December

HOT OFF THE PRESSES. There was a 8.5% increase last October, then in February another 8.5% increase will hit. Then every quarter a 10% increase.

So by December Sherwin Williams paint will be 40% more than it is right now.

Their Duration is list price $53.00/gal and by the end of the year it will be $87.00.

Welcome to 2012! Kiss your favorite corporation day is approaching!
Ill tell you behr is looking better and better...

For me the cost of paint is a built in cost passed to the consumer aka our clients. Therefor so long as everyone aka my competition is paying the same price, Ill be fine.

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Old 01-02-2012, 12:27 PM   #3
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Quote:
Originally Posted by nEighter View Post
BOMBSHELL. You heard it here first. 40% paint price increase by December

HOT OFF THE PRESSES. There was a 8.5% increase last October, then in February another 8.5% increase will hit. Then every quarter a 10% increase.

So by December Sherwin Williams paint will be 40% more than it is right now.

Their Duration is list price $53.00/gal and by the end of the year it will be $87.00.

Welcome to 2012! Kiss your favorite corporation day is approaching!
Meanwhile thier quality has gone to sh!t too.
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Old 01-02-2012, 12:42 PM   #4
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Quote:
Originally Posted by nEighter View Post
BOMBSHELL. You heard it here first. 40% paint price increase by December

HOT OFF THE PRESSES. There was a 8.5% increase last October, then in February another 8.5% increase will hit. Then every quarter a 10% increase.

So by December Sherwin Williams paint will be 40% more than it is right now.

Their Duration is list price $53.00/gal and by the end of the year it will be $87.00.

Welcome to 2012! Kiss your favorite corporation day is approaching!
Sorry Mr Doom and Gloom, but ive only had a 6% increase last year, 3 % twice, so maybe you need to get with your reps and renegotiate prices.
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Old 01-02-2012, 12:48 PM   #5
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Not doom and gloom, and I don't have anything to gain by telling you guys what SW is doing.. or why they are doing it. He had % and when they would be hitting. Lets call Vegas and see what the stats are, cause I will put money on it coming from the manager I spoke to and have dealt with for 5 yrs.

EDIT: and that was half the call I made, or why I was making it.. said no go. I am already at a good tier of discount. Only 1 better.
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Old 01-02-2012, 12:55 PM   #6
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


drywall has been set to raise 35% also. just another piece of FYI.
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Old 01-02-2012, 01:00 PM   #7
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


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drywall has been set to raise 35% also. just another piece of FYI.
Maybe we should start getting it from China...
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Old 01-02-2012, 01:03 PM   #8
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


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Originally Posted by nEighter View Post
Not doom and gloom, and I don't have anything to gain by telling you guys what SW is doing.. or why they are doing it. He had % and when they would be hitting. Lets call Vegas and see what the stats are, cause I will put money on it coming from the manager I spoke to and have dealt with for 5 yrs.

EDIT: and that was half the call I made, or why I was making it.. said no go. I am already at a good tier of discount. Only 1 better.
What does vegas have to do with it? Corporate is in Cleveland!!!
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Old 01-02-2012, 02:42 PM   #9
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Was at Dulux checking their pricing , which was abit higher, but Nobody would raise their prices 40 %.. Heard the end of the world is supposed to be 2012 too, Timing is everything. I'd like to see an official printing of that info, till then just rumour.
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Old 01-02-2012, 10:04 PM   #10
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


i dont get it. these coprorations' solution to their downturn in sales/revenue, is to jack prices up.
its getting to the point where doing any building or remodeling wont be worth it.
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Old 01-02-2012, 10:57 PM   #11
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Drywall around here already went up. It's now $8.90 a sheet for 1/2" 4x8 which was $5.16 a couple months back.
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Old 01-02-2012, 11:22 PM   #12
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Quote:
Originally Posted by nEighter View Post
Not doom and gloom, and I don't have anything to gain by telling you guys what SW is doing.. or why they are doing it. He had % and when they would be hitting. Lets call Vegas and see what the stats are, cause I will put money on it coming from the manager I spoke to and have dealt with for 5 yrs.

EDIT: and that was half the call I made, or why I was making it.. said no go. I am already at a good tier of discount. Only 1 better.
I stopped by my store today and told my rep I heard prices are going up by 40% this year! He said: I know its going to go up about 10% per quarter but I dont think there's anyway it will go up by 40%!

I just stared at him took my stir stick and left
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Old 01-03-2012, 06:54 AM   #13
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


This is completely believable. It's how SW does business. Will that increase be the final price? Of course not. SW will put outrageously high prices on the paint and then show you what an amazing deal they are going to give you by marking it way down. It's designed to make the consumer think they are getting a high dollar product (which must be good) for a bargain price. Contractors will never see those kinds of prices anyway because the marketing isn't aimed at them.
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Old 01-03-2012, 08:13 AM   #14
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


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I stopped by my store today and told my rep I heard prices are going up by 40% this year! He said: I know its going to go up about 10% per quarter but I dont think there's anyway it will go up by 40%!

I just stared at him took my stir stick and left
I have moments like that all the time with SW employees.
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Old 01-03-2012, 10:35 AM   #15
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Too bad they couldn't reduce the inventory selection, who really needs five choices of drywall primer and six variations of product line anyhow. I can find all I need in a store a quarter the size with twice the staff, the competition, which also probably doesn't have to pay employee benefits. At present I would buy aura @ 58 before I took Duration @ 55, I was never good at math , but them smokin pipe signals, kinda funky. It barely competes with Home depot even.
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Old 01-03-2012, 11:56 AM   #16
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


I've been paying about 23$ a gallon for Super Paint for a while. Their 40% off sales don't affect my pricing. IF my price per gallon goes up to 34 $ a gallon and I'm not able to justify it on my construction costs, I will get a new brand. My guy says he doubts it goes up by 40% though
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Old 01-03-2012, 12:07 PM   #17
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


The first shingle I ever laid my employer told me not to waste because those are $11a bundle.

I now pay 29.85 a bundle.

I think everything goes up every year, including wages. Oh wait JK, wages don't go up since most just eat the cost.
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Old 01-03-2012, 12:19 PM   #18
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


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I have moments like that all the time with SW employees.
If they go up 10% per quarter, it will be MORE than 40% by the end of the year. If it a priceX10%, it will be up 46.41%. If it is a margin based, then it is 52.42%.
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Old 01-03-2012, 01:06 PM   #19
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Damn, dude. I guess it did go up, its 28 a gallon. I don't know when it went up 5$ . My brother says its been a steady increase over the last year.

Dean V is right, increase could be compounded. My wife has been saying grocerys are a lot higher, I thought she just wanted more money but it could be. Lol.
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Old 01-03-2012, 01:09 PM   #20
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Re: BOMBSHELL. You Heard It Here First. 40% Paint Price Increase By December For Sherwin


Quote:
Originally Posted by DaVinciRemodel View Post
I stopped by my store today and told my rep I heard prices are going up by 40% this year! He said: I know its going to go up about 10% per quarter but I dont think there's anyway it will go up by 40%!

I just stared at him took my stir stick and left


My SW store is pretty awesome, but the ones I've used else where seem to suck. That's hilarious though

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