Headlines

Here’s How Blue Nile Plans to Stop Sliding Sales

Published

9 years ago

February 12, 2016

INSTORE Staff

Two factors are working against the online retailer at the moment.

Blue Nile announced that total fourth quarter sales fell 4.8 percent from the previous year due to “continued weakness in high-ticket purchases and foreign currencies,” according to Rapaport. The article says that CEO Harvey Kanter’s plan to reverse course is to “push harder on elements that are working” such as engagement rings and a promising Webroom concept. The bright side, however, is that profit for the quarter increased by 4.3 percent thanks to cost-cutting measures, with Kanter reporting an eight-year high in earnings per share.

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”