(PRESS RELEASE) OMAHA, NE — The Edge Retail Academy (ERA), the leading jewelry industry advisory company, launched The Watch Market Share Report, which shows manufacturers their Key Performance Indicators (KPIs) including market share and those of their competitors.
Edge Retail Academy has over 1100 retail stores contributing sales and inventory data to its Edge and Vendor Pulse programs. The aggregated data of these doors exceeds $2 billion in annual sales.
“Watch makers, like manufacturers in all jewelry categories, are very interested in their sales, sell-through and market share statistics,” said Sherry Smith, director of Business Development, ERA. “Our Report is able to aggregate the data across hundreds of stores and present this actionable data in one report.”
The Watch Market Share Report is part of Vendor Pulse in which vendors can subscribe to their aggregated data to better understand sell-through data and inventory levels.
Vendors participating in the Vendor Pulse program include DeBeers, NPD, Hearts of Fire, Memoire, Gabriel, Ashi, and Pandora, among others.
“Vendor Pulse has been a great way for us to see how we are performing at retail. This gives us the opportunity to engage our retail-partners in ways that help our business and theirs, based on real-time data and a mutual desire to drive turn and inventory efficiency,” said Peter Smith, President of Mémoire.
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More information about the Vendor Pulse program can be found here.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
