Connect with us

Headlines

Deadline for Retail Jewelers Benchmarking Study Extended

Take the survey by Oct. 15.

mm

Published

on

The Jewelers of America/Jewelers’ Board of Trade Retail Jewelers Benchmarking Study deadline has been extended to Oct. 15.

JBT notes that it’s an opportunity to “participate and find out how your store measures up to top-performing retailers, and as a result, improve your bottom line.”

Participate and receive online performance analysis reports ($295 value) that reveal how your store’s profitability, productivity and financial performance compares to your competition and industry averages. You’ll get:

  • Benchmarking reports on store operations, staffing, sales data, merchandise by category, inventory and expenses.
  • Reporting on key performance indicators like gross profit, inventory turn, average unit sale, average transaction amount.
  • Dynamic filtering on data points (like location, store size, employee count) to compare information to your peers.

JBT states in a press release: “We seriously encourage you to take time to complete this survey because we believe it’s the most complete financial benchmarking report for retail jewelers that can help improve profitability. All information is reported in the aggregate and is held in strict confidence.”

Click here to start.

Jeff Corey, owner of Day’s Fine Jewelers and a JBT board member, says: “Benchmarking shows not only what we’re really good at, but also where there’s room for improvement to help the bottom line. I’m thrilled that JBT has partnered with JA to produce this valuable tool and encourage all retailers to participate.”

Advertisement

For more information, contact Brenda Gamba, marketing/education consultant for JBT, at 910-553-4450.

Watch a short “how to” video:

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

Promoted Headlines

Most Popular