Thursday, 4/9/20, 3 PM EDT
Managing through the Crisis: What’s Your Long-Term Plan?
The COVID-19 pandemic has upended an entire industry’s plans, as trade shows are rescheduled, buying is put on hold and companies both large and small try to balance cash flow and expenses. In this 60-minute webinar, Trace Shelton, Editor-in Chief, INSTORE, will discuss these critical issues with Jewelers Board of Trade President Erich Jacobs and Abe Sherman, CEO of Buyers Intelligence Group.
In this webinar, you will learn:
- How COVID-19 is impacting the industry now and will impact it in the future
- Practical insights on how to best manage cash flow and position your business for recovery
- What payment relief options are available to jewelers
- Smart things every jeweler should be doing right now for the future
- How to create a long-term plan to insure stability, profitability and growth
WEBINAR NOTES
Visit the resources link on the BIG website that Abe mentions.
About The Jewelers Board of Trade: As the only commercial credit reporting agency dedicated to the jewelry industry, The Jewelers Board of Trade (JBT) tracks more than 26,000 jewelry-related businesses throughout the United States, Canada and internationally.
About Buyers International Group: BIG designs solutions for the myriad of merchandising challenges facing retail jewelers and manufacturers. BIG utilizes a powerful data analysis tool, Balance to Buy, to help consult with clients and customize their individual experiences and results. For performance groups, BIG dives deeper into understanding the entire business model. The ideas that come from these powerful meetings become actions; analysis turns into profit and shared best practices create strategic plans for the future.
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Honoring a Legacy: How Smith & Son Jewelers Exceeded Every Goal With Wilkerson
When Andrew Smith decided to close the Springfield, Massachusetts location of Smith & Son Jewelers, the decision came down to family. His father was retiring after 72 years in the business, and Andrew wanted to spend more time with his children and soon-to-arrive grandchildren.
For this fourth-generation jeweler whose great-grandfather founded the company in 1918, closing the 107-year-old Springfield location required the right partner. Smith chose Wilkerson, and the experience exceeded expectations from start to finish.
"Everything they told me was 100% true," Smith says. "The ease and use of all their tools was wonderful."
The consultants' knowledge and expertise proved invaluable. Smith and his father set their own financial goal, but Wilkerson proposed three more ambitious targets. "We thought we would never make it," Smith explains. "We were dead wrong. We hit our first goal, second goal and third goal. It was amazing."
Smith's recommendation is emphatic: "I would never be able to do what they did by myself."
