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Edge Retail Academy Offers ‘A La Carte’ Business Solutions

Jewelry retailers can tackle top problems leading into the holiday season.

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(PRESS RELEASE) OMAHA, NE — The Edge Retail Academy (ERA), a retail jewelry business advising company, announced it will now offer individual modules of its business consulting services to provide strategies and guidance for the most popular areas of opportunity that retail jewelers face.

“We recommend the full Business Academy consulting program to most retailers, but we understand that current economic conditions may make it hard for retailers to invest the resources or time on all needed areas at one time,” said David Brown, ERA president. “These a la carte programs enable a retailer to focus on tackling its most urgent challenge to the business.”

Business Solution topics include:
• Financial Strategies:
• Create a Sales Plan for the Store and Sales Team
• Produce a Cash Flow Worksheet and a Break-Even Analysis
• Develop strategies for a Savings Account and Slush Fund
• Inventory Management:
• Identify Optimum Inventory Level (OIL)
• Create an Aged Inventory Analysis with Strategies and Fast Sellers Reordering Plan
• Develop a Vendor and Category Assessment along with Memo Strategies
• Offer Collaboration Ideas with Best Vendors
• Staff Performance:
• Assess Your Team, including Caliper Assessments, then Distinguish Who’s the Right Fit and Who’s Not
• Provide a Cost Performance Analysis for Your Sales Associates
• Identify Strengths and Opportunities for Growth
• Suggest Specific Training Topics for Increased Performance

“I was so pleased when The Edge Retail Academy came out with an updated menu of services in its Business Academy program,” said Dan Levinson, Ellis Jewelers. “It gives retailers strong flexibility in selecting where to focus.”

Interested retailers should contact Becka Johnson Kibby at [email protected] or 877-569-8657, x001.

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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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