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Here’s How Blue Nile Plans to Stop Sliding Sales

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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.

Read more at Rapaport

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Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

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