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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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Edge Retail Academy Introduces Retirement Readiness Program(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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Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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