Headlines

JewelryStockBalancing.com – A New Way to Sell Your Old Inventory

Published

8 years ago

April 26, 2016

INSTORE Staff

Discounts available to Jewelers of America members.

Jewelers of America has introduced JewelryStockBalancing.com, a new online platform designed to help a network of approved retailers buy and sell aged inventory.

JewelryStockBalancing is a patented exchange process for retailers and consumers built on three integrated internet platforms, including: a buying platform, a selling platform and a searching platform to enable inquiries and notifications about a particular item. The buying and selling platforms allow retail jewelers to anonymously buy and sell their dated inventory among other subscribing retailers for seven days. After seven days, the same product is still available to the retailers and also becomes available for sale directly to the consumer at a different price point.

“In a recent survey of Jewelers of America members, we learned that 44 percent of respondents had more than $100,000 in aged inventory,” says JA President and CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”

Jewelers of America is offering a discount on JewelryStockBalancing to its members. To learn more about JewelryStockBalancing.com, visit www.jewelers.org.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”