On November 1st of last year, we raised prices by 10% due to the sharp appreciation of the yen, but immediately after that, the manufacturer Mountain Cleats Inc. suddenly raised their prices by 10% across the board.
We had just raised our prices last season and it was difficult to revise them again due to business practices, so we managed to survive for half a year. However, in the current situation, it has been discovered that when indirect costs are included, profits in some wholesale sales are close to zero.
We apologize to all our consumers and ask for your understanding and cooperation in order to continue supplying our products. All SKEATS™ products will be subject to a 9 - 10% price increase starting June 1, 2023. Additionally, the price of custom models will increase by 13.6% due to the higher manufacturing cost of the strap.
We will continue to sell at the current price until May 31st. If you are considering purchasing, please do so as soon as possible.