Connect with us

Headlines

High-End Online Jeweler Thinks More Can Be Done to Personalize Shopping Experience

mm

Published

on

E-tailer is leveraging customer data to make recommendations.

Former corporate attorney Jean Z. Poh, the founder of online jewelry retailer Swoonery, has turned to data-collection tools to personalize the online shopping experience, Luxury Daily writes. The article explains how Swoonery uses behavior profiling, machine learning and purchasing tools to recommend pieces by personal preference, “creating an intimate consumer-retailer dialogue, an intrinsic element of jewelry purchasing that has been neglected by the industry at large.”

Writer Jen King of Luxury Daily asks: “There has been a slowdown recently in luxury jewelry and watches. Do you think innovative platforms and ecommerce is the answer to these issues?”

Poh: “I absolutely do think innovation is the answer. Consumer behavior has changed. … The jewelry industry has been ignoring the data and instead maintaining the position that people do not want to buy high-end or designer jewelry online. In a world where 98 percent of affluent consumers shop online and only 5 percent of all online purchases are placed on monobrand sites, it no longer makes sense to resist. However, the key lies in being able to reimagine the personalized luxury experience online and letting the customers’ needs drive innovation.”

Advertisement

Read more at Luxury Daily

Advertisement

SPONSORED VIDEO

When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

Promoted Headlines

Most Popular