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Deadline for Retail Jewelers Benchmarking Study Extended

Take the survey by Oct. 15.

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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.”

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

Watch a short “how to” video:

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SPONSORED VIDEO

Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

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