A few months ago, I made a quick Saturday trip to my local card shop (LCS) Duane’s to pick up a few oddball-sized sheets for some cards I’d recently purchased. I overheard Duane mention that the next day was the last one that the shop would be open. He’d had to declare bankruptcy.
It was very sad to me, and not just because I lost my local shop. I’m fortunate enough to live in an area of the country where the hobby is alive and well. It isn’t as convenient, but I can drive an extra half hour to another shop. What was sad to me was that a man in his 70s that had been a shop owner for decades, had to declare bankruptcy.
Then, I was recently thinking about my hometown of Morgantown, West Virginia. It’s like many other towns in that during the late 80s and 90s, there were multiple card shops. Some of them overlapped and it seemed there was enough business for multiple shops to exist, even in a town of less than 30,000 people. The town has seen significant growth in the last 25 years. How many shops are there now? None.
It’s another story for another day, but the area has become a hobby wasteland. Not only are shops impossible to find, so are card shows. It’s not like Morgantown is completely in the middle of nowhere. It’s an hour south of Pittsburgh, which can be a shorter commute than actually getting from one side of Pittsburgh to the other side.
All of this made me think more deeply. Why is it that card shops are fewer and further between, or even non-existent these days? I can come up with a number of reason, some in shop owners’ control and others out of their control.
A sports card shop is a retail business. Unless you’ve had your head under a rock you know of the struggle of brick-and-mortars like Sears/Kmart, Toys R Us and others. Amazon is to many of those stores as eBay and other online card markets are to the LCS.
This isn’t saying card shops can’t be successful. There are still a handful of card shops in the Fort Worth/Dallas area. There are plenty of successful card shops throughout the country. However, this isn’t the 1980s and 1990s anymore. You can’t just “open it and they will come.”
A major problem that long-time shop owners had was an inability to adapt. Online buying and selling has both pros and cons for the collector and the shop owner. It’s driven down prices for a lot of cards and shop owners don’t adapt. It’s not all about prices. Card shop owners need to figure out things that work well and bring in some money.
For example, things changed at the Indy Card Exchange once the current owner purchased the shop a handful of years ago. Some changes that I recall and believe helped were lowering prices and moving through old junk wax, adding dime boxes to the store, and also having boxes of lower priced ($1-5) in the store. Not every person that walks into your shop is going to spend $50 or $100, but most can afford to spend $10. Many shops only want to display higher priced items and forget about the low and mid-tiers. A higher conversion rate is good for business.
Another thing that the shop does and many others don’t is price cards to sell. How many times have you walked into a shop and the cards were ridiculously priced? Then, they were in there every time you went back in? I just don’t understand the museum pricing mentality of many card shop owners. In the stop that recently closed, this was a thing.
There were multiple sellers and they had some quarter boxes and “XX% off” boxes, which is good in theory. However, those quarter boxes were cards that should be in dime boxes. Also, a 75% off box is useless if it’s off book value of a card you priced 15 years ago and the guy never played a down in the NFL.
It probably feels like I’m piling on a lot of shop owners and you know what, maybe I am. Many of the problems shop owners have are self-inflicted wounds. A common trait among many card shop owners is a lack of personality and/or customer service. To be honest, “common” is an understatement. I think that the overwhelming majority are like this.
Going back to the Indy Card Exchange, Andy took the time to get to know people. There was no telling what you’d hear from his conversations with collectors. He also made an effort to take time with kids. I guess I’m just an Andy fan…other than when he wanted to talk about Notre Dame.
The team at Indy Card Exchange also helps promote the hobby as a whole, not just if it’s going to serve their bottom line. They set up at a local show. They will let you know when shows are happening. There are so many that aren’t in touch with their local collecting community. A healthy hobby in your area is good for your card shop business, if you’re running it correctly. Heck, Andy has even works with a new card shop, Bruno’s Shoebox, which is less than 30 minutes away from his. If I remember correctly, they even have some sort of TV show coming up. I can’t wait to see that.
I’ve mentioned four issues that I believe hurt many a card shop. They have all been self-inflicted issues. Not everything is a shop owner’s fault, however. The one thing that Duane mentioned being a problem for him was card shops being forced to buy too much product. I cannot speak to the validity of this on a whole, or in his case, but I felt it worth mentioning. I’m pretty active on Twitter and see a lot of collectors talking about things they can’t or won’t buy. Some collectors are only interested in two or three sets a year. However, shops ARE basically forced to buy crappy product if they want to get the better product. Many card shop owners are able to find a way to get around this. Perhaps on this one, it goes back to my first point. Maybe Duane was just unable, or unwilling, to adapt.
There is so much product out there. Does anyone want to figure out the percentage gain in 2018 baseball sets compared to 1988 sets? Not only that, I believe that the consensus is that there are less collectors these days. More products and less collectors can certainly hurt stability.
The way collectors collect has changed. I’m not deep diving into the ways the internet has changed the hobby. It’s pretty much common sense. Something it’s done is change how people collect. If you’re truly a player or team super collector, you may not even find it desirable to open product at all.
As a collector for more than 30 years, the death of the base card is something that bothers me. The evolution of this hobby has come to the point where 98% of cards pulled from packs are worthless. When 99% of the cards were “base” cards, people collected sets, teams and other ways. The base cards were what they wanted and needed for their collection. A card shop today doesn’t make any money on base. Most don’t even have them if a collector wants them. The card companies, prospectors, flippers and others have killed base cards and made them worthless.
The difficulties faced by card shops are in the dozens and I can’t go through them all. I leave you with one that can’t be controlled by shops, and can be a recipe for disaster. There are places all over this country that don’t have a local team. Or, they may have one, but poor on-field performance for years has killed hobby interest. How many die-hard Miami Marlins or Detroit Lions fans exist?
Something that I truly believe helps the Indy Card Exchange is the proximity to other cities with pro sports franchises. You can be to Cincinnati in less than two hours and Chicago in three hours. There is a large collector base in Indianapolis for the teams from those cities. St. Louis is four hours away and there are plenty of Cardinals fans in Indianapolis.
I’d love to hear your thoughts. What are problems you’ve found at any card shop that has or could contribute to failure. Are there a lot of card shops in your area, and how does that compare to years past?
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