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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.

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”