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Quilt Addicts Anonymous is going through some major changes over the next month as we respond to a drastic reduction in sales due to inflation.
Over the past year we've lost more than 300 subscribers to our Stashin' with Stephanie. The number one reason for cancelation was budgetary concerns due to inflation.
More than half of our revenue came from subscription club renewals and related sales of extra fabric and kits, so we are really hurting right now. Last month we only made half of what we needed just to make our costs to pay our staff and keep the lights on, so we are being forced to make some drastic changes.
My family has already made significant sacrifices in order to try to keep the business going through this tough time, including my husband working two jobs so we didn't have to pay ourselves from the business, and using our personal savings to cover our family expenses. But we've reached the point there we can't keep operating at a loss any longer.
Going forward Quilt Addicts Anonymous will just be a pattern design and e-learning company. There's still a lot of unanswered questions, but as of now, the KZbin Channel, Quilt Addicts Anonymous Academy, patterns and books will continue on.
We will be selling off all of our fabric, kits and notions. Our Stashin' with Stephanie subscribers will get first dibs on the 20% OFF sale. Current members will automatically get the sale prices when they are logged into their account. The sale will open up to all customers on Friday, September 1.
We are hoping to have all fabric gone by the end of the third week of September so we can get out of our office space and warehouse by the end of the month.
Please order early for the best selection and to help support our business as we keep paying our team through the end. Thank you so much for your support over the years, and as we move into this next chapter of Quilt Addicts Anonymous.