Following a period of sluggish results, April has seen an impressive turnaround in results for the average U.S. jeweler. Same-store sales were up from $84,260 for...
One of the most common questions we get from jewelry-store owners is about the inventory level they should carry in their store. How much is enough?...
You may hate the idea, but a budget keeps you on track.
THE UPWARD TREND in rolling 12-month sales continued in October with overall results showing that most jewelers are moving away from the worst of the economic...
ECONOMIC UNCERTAINTY CONTINUES to make headlines but jewelry consumers are showing a new eagerness to spend, the Edge Retail Academy’s monthly data shows for September. This...
You may once again be surprise by which is the better bet.
AT A TIME OF the year when many are still on holiday mode, and with talk in the media of another possible recession, I must confess...
THEY SAY every cloud has a silver lining. There’s no doubt the recent economic crisis has been hard work for most jewelers across the country. It’s...
Excuse me if I don’t bring a gift.
Your financial reports tell one story. Your effort another.
OFTEN THE UGLY sister to the more glamorous diamond and gold departments, many jewelers have a lot of reasons to be thankful for their repair business...
Lower price category saves the month.
Without timely data it’s almost impossible to know how you’re doing.
RETAIL SALES DIPPED again in July, their third monthly drop this year although the first time since April. There seems little doubt that we are slowly...
Know the most important numbers to control in your business.
Most jewelers would probably claim to be as dry-eyed about their inventory as Buffett, but the figures tell a different story.
Please don't shoot me for being presumptuous but the line from the song was too good to miss — just be grateful you don't get to...
IF YOU THINK ABOUT the various assets your business has, tangible ones such as bank balances, plant and fittings or intangible ones such as databases or...
Are big stores more profitable simply because of their size?
IT’S A LITTLE like the chicken and the egg question. Do you need higher priced inventory and lots of selection to have a successful store, or...
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