February 10, 2012

Within 12 Hours, We Declare War on the Letterman Jacket Industry

letterman jacket declare war Mount Olympus Awards

Last night, the shareholders of Mount Olympus Awards, LLC had a 4 or 5 hour scheduled meeting in a local office and solidified our plans for the business, which I discussed a few days ago (see Wholesale Chenille Letters, Patches, and Varsity Jacket Business Launching).  The end decision was we are going much farther than we originally anticipated after doing a DuPont Return on Equity analysis.  Far from being just ruthless on pricing, like I promised, we are about to drop a nuclear bomb on the … [Read more...]

Wholesale Chenille Letters, Patches, and Varsity Jacket Business Launching

Over the next month, we will be rolling out MOA Team Supply Version 2.0, which will switch to a wholesale pricing model on custom chenilles and varsity jackets. In many cases, we will be able to sell to schools, organizations, booster clubs, and other instiutions at prices below that what most American custom chenille factories can produce their merchandise! This is due to our extremely fine honed business model that allows us to operate with a fraction of the total capital investment and a cash conversion cycle that is self-funding!

A few months back, I told you that we were launching a new division of Mount Olympus Awards called MOA Team Supply.  I explained that we were going after an entirely new market, specifically athletic directors and schools that want to purchase wholesale chenille letters, chenille patches, and even wholesale varsity jackets.  We've finally got the business model in place and over the next month, we will be modifying the prices on the site to reflect the roll-out of our wholesale chenille … [Read more...]