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Edge Retail Academy Introduces Retirement Readiness Program

It provides a playbook for retailers who are considering retirement.

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(PRESS RELEASE) OMAHA, NE — The Edge Retail Academy, a retail jewelry business advising company, announced the release of its “Retirement Readiness” program. ERA has developed this program to fast track a jeweler’s business to be retirement ready – whenever that may be.

“The jewelry industry has been going through a choppy period since the 2008 recession,” said David Brown, president of ERA. “8,000 stores have closed since 2007 according to US Census & JBT. Yet 37 percent of jewelry business owners have no retirement plan at all. Our program helps retailers create a plan – regardless if they plan to exit the business in two years or 10.”

The ERA “Retirement Playbook” addresses key retirement strategies such as:

Improving existing net profit and cash flow by introducing other profit centers to maximize the capital and/or income available for retirement.

Identifying savings, improvements and opportunities as well as reducing any risks and threats to the plans.

Achieving and maintaining an optimum inventory level so the released funds can be used to eliminate debt or build wealth for retirement.

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Implementing the “5 Stages of Profitable Inventory Management.”

Brown adds, “Getting your business into the best possible shape before you decide what to do with it … is what we call Retirement Readiness.”

And he points out, “You don’t have to be ready to retire in order for your business to be Retirement Ready. We expect to have many participating jewelers who are years away from exiting their businesses.”

More information about the Retirement Readiness program can be found at https://www.edgeretailacademy.com/retirement-readiness.

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The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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