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Here’s What Jewelers Fear the Most

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There’s one agency no one wants to hear from.

As a jeweler, certain fears keep you awake at night. But have you ever wondered if your colleagues are worried about the same things you are?

As we collect responses for this year’s Big Survey, we’re bringing you a few highlights from years past. We call them Big Survey Flashbacks.

Today we bring you a question from our 2014 survey: “What scenario frightens you the most?”

The most popular answer, chosen by 19 percent of respondents, was related to audits: “The IRS invites you to come in and discuss your tax return.”

Other frightening scenarios and the percentage of respondents who chose them:

  • The diamond is fake! — 16 percent
  • Crack! Egads, I’ve broken her rings. — 13 percent
  • A big-name jeweler is opening across the road. — 12 percent
  • It’s a sure thing. The buy-in is $100,000 … — 11 percent
  • Boss, I’ve had a better offer. — 7 percent
  • You’ll be in Vegas and the kid is in charge for five days. — 1 percent

Want to have your say on the industry and what it means to own or manage an American jewelry store in 2017? Click HERE to take the latest INSTORE Big Survey. (The survey will probably take about 20 minutes to complete and is designed to be taken solely by store owners and managers.)

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Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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Here’s What Jewelers Fear the Most

mm

Published

on

There’s one agency no one wants to hear from.

As a jeweler, certain fears keep you awake at night. But have you ever wondered if your colleagues are worried about the same things you are?

As we collect responses for this year’s Big Survey, we’re bringing you a few highlights from years past. We call them Big Survey Flashbacks.

Today we bring you a question from our 2014 survey: “What scenario frightens you the most?”

The most popular answer, chosen by 19 percent of respondents, was related to audits: “The IRS invites you to come in and discuss your tax return.”

Other frightening scenarios and the percentage of respondents who chose them:

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  • The diamond is fake! — 16 percent
  • Crack! Egads, I’ve broken her rings. — 13 percent
  • A big-name jeweler is opening across the road. — 12 percent
  • It’s a sure thing. The buy-in is $100,000 … — 11 percent
  • Boss, I’ve had a better offer. — 7 percent
  • You’ll be in Vegas and the kid is in charge for five days. — 1 percent

Want to have your say on the industry and what it means to own or manage an American jewelry store in 2017? Click HERE to take the latest INSTORE Big Survey. (The survey will probably take about 20 minutes to complete and is designed to be taken solely by store owners and managers.)

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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